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KSA Warehousing sector is expected to embrace structural revisions as a response to rapidly changing demand drivers & technological advances and is expected to generate $4.0 Bn by 2026. Will it serve the logistics market for good? Ken Research

07-14-2023 01:39 PM CET | Logistics & Transport

Press release from: Ken Research Pvt .Ltd

KSA Warehousing sector is expected to embrace structural

Increased adoption of Technological tools alongside other factors including rising cold storage demand are poised to take the KSA warehousing market towards a steady growth, says a report by Ken Research

1. Increasing Automation, Rising Cold Storage Demand, Increasing Multi-story Warehouses are some of the trends prevalent in the industry.

The Saudi Vision 2030 encompasses a nine-point strategy to maximize its strategic advantage to evolve into the "go-to logistics hub." The Saudi Logistics initiative involves development of ~60 logistics platforms in more than 50 different locations including Integrated Logistics Bonded Zone (ILBZ) and Al Khomra and many more. Consumption upgrade is driving the demand for fresh foods and FMCG Sector, thereby supporting demand for cold storage warehouses in KSA. Hence, investments in cold warehouses or the transformation from general warehouses to cold warehouses is speeding up. Furthermore, Connectivity driven by internet has led to more efficient flow of goods and faster problem solving.

2. "Technology providing a strong backbone:" Increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in KSA

To learn more about this report  Download a Free Sample Report :
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2NDcw

Next generation supply chains in KSA are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.
For more insights on market intelligence, refer to the link below: -
https://www.kenresearch.com/industry-reports/saudi-arabia-logistics-market

India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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