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Saudi Arabia Logistics and Warehousing Market is Expected to reach over USD 17.5 Billion in Revenue by the year 2023: Ken Research

11-05-2019 07:17 AM CET | Logistics & Transport

Press release from: Ken Research

Saudi Arabia Logistics and Warehousing Market is Expected

• The Saudi Arabian Transport Ministry released its National Industrial Development and Logistics Program in the year 2018 to improve the country’s logistics infrastructure. The plan is intended to contribute to Saudi Arabia’s macroeconomic development plan.
• Saudi Vision 2030 is aimed at diversifying the oil dependent economy by investing in manufacturing and trading which will positively impact the demand for logistics and warehousing services in the kingdom.
• Saudi Arabia is seeking to attract about USD 429.0 billion in private sector investment over the next 10 years for infrastructure and industrial program, as per the country’s energy minister.

Growth in E-Commerce Sector: The country recently is witnessing the emergence of new e-commerce companies which is expected to increase the demand of express logistics services in the country. For instance, global e-commerce giants such as Amazon and Alibaba have recently made huge investments in the country thereby contributing in the growth of e-commerce industry. Additionally, Amazon has expanded to the Middle East by acquiring Souq. Thus, such investments in the country are anticipated to boost the freight movement in Saudi Arabia in the near future.
Rise in Government Initiatives: Government initiatives such as Vision 2030 and National Transformation Program 2020 are expected to support economic diversification and growth in the country. Vision 2030 envisages lowering the dependency on oil and developing SMEs, as well as increasing foreign investments in the kingdom.
Setting-up Economic Cities: Development of economic cities such as King Abdullah Economic City and Jazan Economic City to attract foreign investments by providing special incentives is another program by Saudi Arabian government. These economic cities are planned to be located near to sea ports and major consumption bases, which is expected to bring manufacturing closer to these bases.
Induction of Technological Advancements in Logistics Sector: Introduction and adoption of newer technologies such as telematics, vehicle-to-vehicle communications, warehouse management systems and tracking are some of the technological trend that can have a strong influence on delivery and service offerings in the logistics industry in the near future.

Analysts at Ken Research in their latest publication “Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) – Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade” believe that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment to improve the nation’s infrastructure and rising demand for express deliveries to meet the growing consumption requirement in the country. The market is expected to register a positive CAGR of 3.3% in terms of revenue during the forecast period of 2018-2023.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-logistics-and-warehousing-market-outlook/230774-100.html

Key Segments Covered
• Logistics and Warehousing:
 By Service Mix (Freight Forwarding, Warehousing and Value Added Services)
 By End User Industry (Oil and Gas, Food and Beverages, Automotive, Industrial/Retail Sector, Engineering Equipment, Metals and Others)
• Freight Forwarding:
 By Mode of Freight (Road Freight, Sea Freight and Air Freight)
 By Type of Delivery (Non-Express and Express Delivery)
 By Level of Freight (International and Domestic Freight)
 By Owned and Third Party Logistics
 By Flow Corridors (Asian Countries, North American Countries, European Countries, Middle East, NAFTA and Others)
 By International and Domestic Companies
• Warehousing:
 By Business Model (Industrial / Retail, Container Freight/Inland Container Depot and Cold Storage)
 By Cities (Jeddah, Riyadh, Dammam and Others)
 By Type of Warehouses (Closed Temperature Controlled, Closed Non-Temperature Controlled, Cold Storage and Open Yards)
 By Owned and Third Party Logistics
 By End Users (Food and Beverages, Automotive, Consumer Retail, Healthcare, Automotive and Others)
• Express Logistics:
 By Level of Courier (Domestic and International Express)
 By Type of International Express (Air and Ground Express)
 By Type of Domestic Express (Air and Ground Express)
 By Business Model (B2B, B2C and C2C)
• E-Commerce Logistics:
 By Time Duration (6-12 Hours, 1 Day, 2 Day and More than 2 Day Delivery)
 By Mode of Payment (Cash on Delivery and Online Payment)
 By Location (Intra-City and Inter City)
• Third Party Logistics:
 By Market Type (Freight Forwarding and Warehousing)

Key Target Audience
• Logistics Companies
• Warehousing Companies
• Cold Chain Companies
• Express Logistics Companies
• E-Commerce Logistics Companies
• E-Commerce Companies
• Logistics Association
• Government Association
• Investors and Private Equity Companies

Time Period Captured in the Report:
• Historical Period: 2012 - 2018
• Forecast Period: 2019E - 2023E

Companies Covered:
• Freight Forwarding Market:
 Basem International Shipping and Logistics Co. Ltd.
 Kuehne Nagel
 Panalpina
 DB Schenker
 DHL
 Expeditors
 FedEx – TNT
 Mubarrad (Saudi Transport and Investment Co.)
• Warehousing Market:
 LSC Logistics and Warehousing
 Agility Logistics
 Almajdouie Logistics
 Mosanada Logistics
 Tamer Logistics
 BAFCO International Shipping and Logistics Co. Ltd.
 Hala Supply Chain Services
 United Warehouse Co. Ltd.
 Wared Logistics
 Takhzeen Logistics
 Etmam Logistics (Shahini Group)
 Aramex
 Kaden Logistics
 Panda Retail Company
• Express Logistics Market:
 UPS
 SMSA Express
 Naqel Express
 Zajil Express
 Abdul Latif Jameel Logistics
• Third Party Logistics Market:
 Wared Logistics
 Abudawood Logistics
 Mosanada Logistics
 Tamer Logistics
 DB Schenker
 Abudawood Logistics
 Kuehne + Nagel
 DHL
 Agility Logistics

Key Topics Covered in the Report
• Logistics Infrastructure in Saudi Arabia Logistics and Warehousing Market
• Cross Comparison of Saudi Arabia Logistics and Warehousing with GCC Countries
• Value Chain Analysis of Saudi Arabia Logistics and Warehousing Market
• Saudi Arabia Logistics and Warehousing Market
• Saudi Arabia Freight Forwarding Market
• Saudi Arabia Warehousing Market
• Saudi Arabia Express Logistics Market
• Saudi Arabia E-Commerce Logistics Market
• Saudi Arabia Third Party Logistics (3PL) Market
• Trade Scenario in Saudi Arabia Logistics and Warehousing Market
• Trends and Developments in Saudi Arabia Logistics and Warehousing Market
• Issues and Challenges in Saudi Arabia Logistics and Warehousing Market
• Government Role and Regulations in Saudi Arabia Logistics and Warehousing Market
• SWOT Analysis of Saudi Arabia Logistics and Warehousing Market
• Recent Mergers and Acquisitions in Saudi Arabia Logistics and Warehousing Market
• Saudi Arabia Logistics and Warehousing Market Future Outlook and Projections
• Analyst Recommendations for Saudi Arabia Logistics and Warehousing Market

Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market-outlook-2023/154992-100.html

https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistis-warehousing-market/189101-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/187996-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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