Saudi Arabia Warehousing Market Revenue is expected to cross USD 3.0 Billion by 2023: Ken Research

Key Findings
• Industrial/retail warehouses dominated the warehousing market of KSA in 2018 owing to rapid expansion in the retail sector.
• Increase in demand for fast moving consumer goods, temperature sensitive and perishable goods has lead to increase in imports by the kingdom.
• KSA is transforming into a non-oil economy and it is anticipated that the country will become a manufacturing hub by 2030.

Increasing contribution from Industrial Sector in GDP: Saudi Arabia warehousing market is expected to drive demand for more warehouses in near future on account of rising production in the country. The country is moving away from oil dependency through its Vision 2030 which is bringing about the 4th Industrial Revolution in the nation. This is also in line with the country’s National Industrial Development and Logistics Program also aimed at improving the state of industrial sector in the nation.
High Dependency on Food Imports: Saudi Arabia is largely dependent on food imports that demand the need of improvement in cold chain transportation and storage in the country. Currently, the Saudi Arabia accounts for approximately 35% of the cold chain logistics business in the GCC region. Moreover, agriculture production due to lack of land and water is limited so much so that by the year 2050, the country is projected to import all of its domestic needs.
Growing E-Commerce Market in KSA: The growing preference towards e-commerce is increasing users in Saudi Arabia which is anticipated to reach 19.3 million by the end of the year 2022. The existing internet penetration in the country was evaluated to be 71.3% while the smart-phone penetration in the country was evaluated to be 65.2% in the year 2018.

In fact, 63.0% of the online shoppers purchase through desktop while smart-phone and tablet buyers were evaluated to be 6.0% and 7.0% respectively. This is anticipated to positively impact the demand for e-commerce warehousing in the country. E-commerce warehouses usually witness very high inbound and outbound of goods, 24/7 services and operate with advanced WMS and automation technologies.
Analysts at Ken Research in their latest publication “Saudi Arabia Warehousing Market Outlook to 2023 - By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses” believe that the warehousing market in Saudi Arabia will increase owing to growth in retail sector, increase in manufacturing activity in the country and expansion in international trade. The market is expected to register a positive CAGR of 4.1 % in terms of revenue during the forecasted period 2018-2023E.

For more information, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-warehousing-market/203894-100.html

Key Segments Covered
By Business Model
• Industrial/Retail
• Cold Storage
• Container Freight/Inland Container Depot,
By Type of Warehouses
• Closed Temperature Controlled Warehouses
• Closed Non-Temperature Controlled Warehouses
• Cold Storage
• Open Yards
By End Users
• Consumer Retail
• Food and Beverages
• Healthcare
• Automotive
• Others
By Cities
• Jeddah
• Riyadh
• Dammam
• Others
By Ownership
• Owned Warehouse
• Third Party Logistics (3PL) Warehouses

Key Target Audience
• Warehouse Companies
• Logistics Companies
• Trading Companies
• Real Estate Companies
• Construction Companies

Time Period Captured in the Report
• Historical Period: 2013-2018
• Forecast Period: 2019-2024

Companies Covered
• LSC Logistics
• Agility Logistics
• Almajdouie Logistics
• Mosanada Logistics
• Tamer Logistics
• BAFCO International Logistics and Shipping Co.
• Hala Supply Chain Services
• United Warehouse Company Limited
• Wared Logistics
• Takhzeen Logistics
• Etmam Logistics (Shahini Group)
• Aramex
• Khaden Logistic
• Panda Retail Company

Key Topics Covered in the Report
• Introduction on Saudi Arabia Warehousing Market
• Saudi Arabia Warehousing Market Value Chain
• Saudi Arabia Warehousing Market Size by Revenue, 2013-2018
• Saudi Arabia Warehousing Market Segmentation, 2018
• Saudi Arabia Warehousing Market Competitive Landscape
• Saudi Arabia Warehousing Market Company Profiles of Major Players
• Saudi Arabia Warehousing Market Future Outlook and Projections, 2018-2023E
• Saudi Arabia Warehousing Market Future Segmentation, 2018 - 2023E
• Saudi Arabia Warehousing Market Analyst Recommendations

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