Saudi Arabia Third-Party Logistics (3PL) Market Is Booming Worldwide by 2025 | Kintetsu World Express, Agility Logistics, Hala Supply Chain Services

The Saudi Arabia Third-Party Logistics (3PL) Market report provides the overall structure and business outlook of the Saudi Arabia and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Saudi Arabia and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Saudi Arabia Third-Party Logistics (3PL) Market with its specific geographical regions.

The market for Third-Party Logistics (3PL)s is expected to grow at a CAGR of approximately 4.23% during the forecast period of 2020- 2025

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“The Saudi Arabian 3PL market is expected to register a growth rate of over 6.5% during the forecast period of 2020-2025. The third-party logistics market is gaining immense popularity in Saudi Arabia catering to the management of the increasing cross-border flow of goods..”

Top leading Companies Profiled in Third-Party Logistics (3PL) Market Report are Kintetsu World Express, Agility Logistics, Hala Supply Chain Services, Kuehne + Nagel, Motion Supply Chain, Bahri Bollore Logistics, DB Schenker, DSV Panalpina, DHL Supply Chain, CEVA Logistics, Aramex, LSC Logistics, Almajdouie Group, LV Shipping

News and Latest Developments

The market is fairly fragmented with a significant number of local and international players active in the market. Some of the key players include DHL, Agility Logistics, Mosanada Logistics Services, Almajdouie Logistics, Hala Supply Chain Services, Himmah Logistics, and LSC Logistics amongst others.

The leading players in the market are focusing on strategic market initiatives to improve their product capabilities as well as to expand their presence in the market. The dry warehouse is the most common type of the warehousing segment which witnessed substantial growth in recent years. Given the regions potential and the growing importance of trading links, logistics, and service companies, who already have a very strong presence in Saudi Arabia, are further expanding their operations.

In October 2019, a new logistics zone was launched in the Red Sea port in Jeddah, as part of a wider industrial initiative to diversify the economy away from oil. The al Khomra zone will support activities around shipping, freight distribution and transport of goods extend over 2.3 million sq. meters in Jeddah. The facility, functioning in Jeddah, aims to turn Saudi Arabia into a global logistics hub.

Market Overview

Factors, such as enabling cost reduction, availability of specialized service providers, the presence of industrial zones, and increasing industrialization, are driving the 3PL logistics market in the kingdom.

The strong growth of e-commerce sector in the country is expected to generate significant demand for 3PL services such as warehousing, distribution logistics, and e-commerce fulfillment.

The 3PL industry in Saudi Arabia is fairly fragmented in nature with significant number of local and international players where very few providers offer complete end-to-end logistics solutions.

With the changing consumer preferences and growing demand for faster delivery times and efficeint suppy chain management, the 3PL companies in the country are moving towards integrating technology and automation into their suppy chain services.

In line with Vision 2030, the foreign direct investment in the country has been progressing. According to sources, the FDI in the country has reached USD 4.6 billion in 2019, increasing by around 9% from 2018. The number of companies that have been awarded with foreign investor licenses also have been increasing significantly which reached 1131 in 2019 when compared to 736 in 2018 and 377 in 2017.

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Regional Analysis:

Asia-Pacific (China, Saudi Arabia, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Third-Party Logistics (3PL) Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Third-Party Logistics (3PL) market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Third-Party Logistics (3PL) market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Saudi Arabialy for the Third-Party Logistics (3PL)

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In conclusion, the Third-Party Logistics (3PL) market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Third-Party Logistics (3PL) Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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