Press release
Generating a growth rate of 15% between 2017-2021, via improving infrastructure, KSA's Freight Forwarding market provides a strong hand for the country's Logistics Market: Ken Research
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1.Improvement in Infrastructure, Increasing LTL Share, Increased LMD Efficiency and Growth in Automation are some of the key trends witnessed in the Transportation Industry in KSA.
In recent years, the Saudi Logistics Hub has accelerated the construction of road transportation infrastructure as part of the "Vision 2030" to transform KSA as a global logistics hub. A total of 57 road projects of 1,700 km in length were completed in the last 5 years. 88 new roads and 110 operation & maintenance of roads projects contracts were signed in 2020 each having over $1.1 Bn value. Moreover, KSA Transportation Industry is increasingly moving towards more digital, platform-based and collaborative innovation system to increase its efficiency. High penetration of mobile commerce has led to large disruption in B2B segment, with market participants being able capture a lion's share of the market.
2.Technology-enabled transformations such as FMS & Autonomous Vehicles are largely being adopted by Captive Companies or Large Companies to promote Efficiency.
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Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for KSA's Logistics market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Indonesia by increasing operational efficiency, reducing costs & increasing profitability.
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:
E-commerce Companies
Third-Party Logistic Providers
Potential Market Entrants
Freight Forwarding Companies
Warehousing Companies
Cold Storage Companies
Industry Associations
Consulting Agencies
Government Bodies & Regulating Authorities
Time Period Captured in the Report:
Historical Period: 2017-2021
Base Year: 2021
Forecast Period: 2021-2026
For more information on the research report, refer to below link:
KSA Logistic Market Outlook to 2026 :
https://www.kenresearch.com/industry-reports/saudi-arabia-logistics-market
Related Reports:
USA Logistics Industry Outlook to 2026 :
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/usa-logistics-industry-outlook-to-2026/596047-100.html
Australia Logistics Market Outlook to 2025 :
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/australia-logistics-market-outlook-to-2025/427141-100.html
Contact Us:
Ken Research
supoort@kenresearch.com
+91-9015378249
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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