Saudi Arabia Freight and Logistics Market Growth, Size, Trends, Revenue, Share and Future Outlook
Saudi Arabia Freight and Logistics Market Size- By Shipping Type, By Function, By End-Users- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: AMIN23146 | Pages: 1 - 102 | Formats*: |
| Category : Automotive & Transportation | |||
Saudi Arabia Freight and Logistics Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Freight and Logistics Market is estimated to reach USD 41.79 billion by 2033 with a CAGR of 5.92%.
The report includes an in-depth analysis of the Saudi Arabia Freight and Logistics Market, including market size and trends, product mix, Functions, and supplier analysis. Transporting goods from one location or nation to another via logistics and freight is a cost-effective process. Businesses typically use goods to carry massive quantities of goods effectively throughout the world, including by truck, rail, ship, and air. There are four basic modes of freight transportation available to shippers. Land (by road), train, ocean, and air travel are the primary forms of transportation. In addition to the transportation of goods, the term "logistics" refers to a broad variety of functions, such as distribution and warehousing.
- August 2023: The Port of NEOM will be added to the regional port range of Mediterranean Shipping Corporation, a multinational container shipping corporation with headquarters in Switzerland. This will facilitate freight transit throughout Saudi Arabia.
- May 2023: Saudi Logistics Services (SAL) and Lufthansa Technik Logistik Services (LTLS) have agreed to cooperate on LTLS' logistics operations in Saudi Arabia. SAL will provide forwarding, transport, and customs services, expanding LTLS' local logistics support.
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Market Opportunities and Challenges
- Opportunities: The Saudi Arabian government's increased efforts to transition its economy away from oil and towards a diversified ecosystem are one of the important themes in the country's goods and logistics business. The government wants to establish the nation as a global logistics hub for booming international trade, creating new jobs, and encouraging foreign direct investments (FDI) because of its special location and proximity to Africa, Europe, and Asia.
- Challenges: In comparison to other nations, Saudi Arabia's customary laws and customs are a little more complicated. The International Trade Administration states that in order to import goods into Saudi Arabia, importers must give Zakat, the nation's tax and customs department, a commercial invoice, a bill of lading, and a certificate of origin. Personal books, films, and publications are all subject to restriction and examination.
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Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Agility Logistics, Almajdouie Heavylift Transport, Almajdouie Logistics, Al-Saad Logistics and Transportation Co., Bahri Logistics, CEVA Logistics, DHL Saudi Arabia, Gulf Agency Company, Nesma Trading Co. Ltd., SAL Logistics, Others. To further solidify their position as market leaders, these companies employ a number of strategies, including alliances, joint ventures, licence agreements, mergers and acquisitions, and the launch of new goods. International businesses are forming joint ventures with regional players. Local players now have a chance to take advantage of the worldwide network of multinational corporations. The nation wants to recruit the best-in-class private sector logistics operators by liberalising and opening the logistics business, reforming its regulations, and improving its governance.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Shipping Type, By Function, By End-Users |
| Regions covered | Eastern, Central, Northern, Northwest, Midwest, and Southwest Saudi Arabia |
| Companies Covered | Agility Logistics, Almajdouie Heavylift Transport, Almajdouie Logistics, Al-Saad Logistics and Transportation Co., Bahri Logistics, CEVA Logistics, DHL Saudi Arabia, Gulf Agency Company, Nesma Trading Co. Ltd., SAL Logistics, Others |
COVID-19 Impact on Saudi Arabia Freight and Logistics Market
The unheard-of COVID-19 pandemic had a detrimental effect on the expansion of the Saudi Arabian goods and logistics industry. Significantly less cross-border trade was allowed once the lockdown was imposed, which decreased the demand for logistical services in the nation. During the lockdown, the end users' operations, including commerce, transportation, manufacturing, and retail, were disrupted, which also constrained market expansion. However, the e-commerce and healthcare industries saw significant growth in the market. The healthcare industry received assistance from the freight and logistics sector in effectively handling the shipment of vaccinations and other medications necessary for the treatment of Covid-19, which considerably accelerated the expansion of the total market.
Key Target Audience
- E-commerce Companies
- Healthcare and Pharmaceutical Companies
- Importers and Exporters
- Individual Consumers
- Manufacturers and Producers
- Retailers
- Shipping Lines and Freight Forwarders
- Supply Chain Managers
- Third-Party Logistics (3PL) Providers
- Transportation and Trucking Companies
- Wholesalers and Distributors
- Others
Our in-depth analysis of the Saudi Arabia Freight and Logistics Market includes the following segments:
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| By Function: |
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| By End-Users: |
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Key Topics Covered in the Report
- Saudi Arabia Freight and Logistics Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Freight and Logistics Market
- Segmentation of Saudi Arabia Freight and Logistics Market By Shipping Type (Airways, Railways, Roadways, Waterways)
- Segmentation of Saudi Arabia Freight and Logistics Market By Function (Custom clearance, Distribution, Inventory Management, Packaging, Transportation, Warehousing, Others)
- Segmentation of Saudi Arabia Freight and Logistics Market By End-Users (Banking & Financial Services, Healthcare, IT & Telecommunication, Manufacturing & Construction, Media & Entertainment, Retail, Trade & Transportation, Others)
- Statistical Snap of Saudi Arabia Freight and Logistics Market
- Expansion Analysis of Saudi Arabia Freight and Logistics Market
- Problems and Obstacles in Saudi Arabia Freight and Logistics Market
- Competitive Landscape in the Saudi Arabia Freight and Logistics Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Freight and Logistics Market
- Details on Current Investment in Saudi Arabia Freight and Logistics Market
- Competitive Analysis of Saudi Arabia Freight and Logistics Market
- Prominent Players in the Saudi Arabia Freight and Logistics Market
- SWOT Analysis of Saudi Arabia Freight and Logistics Market
- Saudi Arabia Freight and Logistics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Freight and Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Freight and Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Freight and Logistics Market
7. Saudi Arabia Freight and Logistics Market, By Shipping Type (USD Million)
7.1. Saudi Arabia Freight and Logistics Market Value Share and Forecast, By Shipping Type, 2023-20337.2. Airways7.3. Railways7.4. Roadways7.5. Waterways
8. Saudi Arabia Freight and Logistics Market, By Function (USD Million)
8.1. Saudi Arabia Freight and Logistics Market Value Share and Forecast, By Function, 2023-20338.2. Custom clearance8.3. Distribution8.4. Inventory Management8.5. Packaging8.6. Transportation8.7. Warehousing8.8. Others
9. Saudi Arabia Freight and Logistics Market, By End-Users (USD Million)
9.1. Saudi Arabia Freight and Logistics Market Value Share and Forecast, By End-Users, 2023-20339.2. Banking & Financial Services9.3. Healthcare9.4. IT & Telecommunication9.5. Manufacturing & Construction9.6. Media & Entertainment9.7. Retail9.8. Trade & Transportation9.9. Others
10. Saudi Arabia Freight and Logistics Market Forecast, 2019-2033 (USD Million)
10.1. Saudi Arabia Freight and Logistics Market Size and Market Share
11. Saudi Arabia Freight and Logistics Market, By Shipping Type, 2019-2033 (USD Million)
11.1. Saudi Arabia Freight and Logistics Market Size and Market Share By Shipping Type (2019-2026)11.2. Saudi Arabia Freight and Logistics Market Size and Market Share By Shipping Type (2027-2033)
12. Saudi Arabia Freight and Logistics Market, By Function, 2019-2033 (USD Million)
12.1. Saudi Arabia Freight and Logistics Market Size and Market Share By Function (2019-2026)12.2. Saudi Arabia Freight and Logistics Market Size and Market Share By Function (2027-2033)
13. Saudi Arabia Freight and Logistics Market, By End-Users, 2019-2033 (USD Million)
13.1. Saudi Arabia Freight and Logistics Market Size and Market Share By End-Users (2019-2026)13.2. Saudi Arabia Freight and Logistics Market Size and Market Share By End-Users (2027-2033)
14. Saudi Arabia Freight and Logistics Market, By Region, 2019-2033 (USD Million)
14.1. Saudi Arabia Freight and Logistics Market Size and Market Share By Region (2019-2026)14.2. Saudi Arabia Freight and Logistics Market Size and Market Share By Region (2027-2033)14.3. Eastern14.4. Central14.5. Northern14.6. Northwest14.7. Midwest14.8. Southwest
15. Company Profile
15.1. Agility Logistics
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Almajdouie Heavylift Transport
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Almajdouie Logistics
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Al-Saad Logistics and Transportation Co
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Bahri Logistics
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. CEVA Logistics
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. DHL Saudi Arabia
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Gulf Agency Company
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Nesma Trading Co. Ltd.
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. SAL Logistics
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Middle East is anticipated to have the highest market share in the Saudi Arabia Freight and Logistics Market .
"The key players in the market include Companies Covered Agility Logistics, Almajdouie Heavylift Transport, Almajdouie Logistics, Al-Saad Logistics and Transportation Co., Bahri Logistics, CEVA Logistics, DHL Saudi Arabia, Gulf Agency Company, Nesma Trading Co. Ltd., SAL Logistics, Others.
"
Businesses typically use goods to carry massive quantities of goods effectively throughout the world, including by truck, rail, ship, and air. There are four basic modes of freight transportation available to shippers.
Saudi Arabia Freight and Logistics Market is projected to reach USD 41.79 billion by 2033, growing at a CAGR of 5.92% during the forecast period.
Saudi Arabia Freight and Logistics Market grew in market size from 2022. The Market is expected to reach USD 41.79 billion by 2033, at a CAGR of 5.92% during the forecast period.
Saudi Arabia Freight and Logistics Market CAGR of 5.92% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Saudi Arabia Freight and Logistics Market size is USD 41.79 billion from 2023 to 2033.
Saudi Arabia Freight and Logistics Market Segment is covered By Shipping Type, By Function, By End-Users.
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