Saudi Arabia Freight and Logistics Market, By Shipping Type (Roadways, Railways, Waterways, Airways); By Function (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom clearance, Others); By End-Users (Trade & Transportation, Healthcare, Manufacturing & Construction, Retail, Media & Entertainment, Banking & Financial Services, IT & Telecommunication, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Saudi Arabia Freight and Logistics Market Size Set to Touch Whopping USD 33.2 Billion by 2029
Saudi Arabia freight and logistics market is gaining traction because of the rapidly expanding e-commerce sector and significant investments in infrastructure.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia freight and logistics market size at USD 22.5 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia freight and logistics market size to grow at a CAGR of 5.7% reaching a value of USD 33.2 billion by 2029. The booming e-commerce industry in Saudi Arabia as well as increasing government efforts and investments aimed at bolstering the Kingdom's logistics sector in order to increase the amount of non-oil exports are major growth factors for the Saudi Arabia freight and logistics market.
Saudi Arabia Freight and Logistics Market – Overview
Freight and logistics are a cost-effective operation and the delivery of products from one place or country to the other. Businesses generally employ freight to efficiently transport vast amounts of commodities throughout the globe, including via truck, train, ship, and air. Shippers can choose from four main methods of freight transportation. The main modes of transportation are via land (road), train, ocean, and air. The phrase "logistics" covers a wide range of operations, including distribution, warehousing, and many more in addition to the transportation of products.
Saudi Arabia Freight and Logistics Market
Segmental Information
Saudi Arabia Freight and Logistics Market – By Function
Based on function, the Saudi Arabia freight and logistics market is segmented into inventory management, packaging, warehousing, transportation, distribution, custom clearance, and others. The transportation segment accounts for the highest share of the market. The high demand for imported products that are not domestically produced, such as certain fruits and vegetables, chemicals, and others, along with flourishing exports of crude petroleum and pharmaceuticals of the Kingdom is boosting the demand for transportation in Saudi Arabia.
Impact of COVID-19 on the Saudi Arabia Freight and Logistics Market
The unprecedented COVID-19 pandemic negatively impacted the growth of the Saudi Arabia freight and logistics market. The imposition of the lockdown followed by immediate restrictions on cross-border trade significantly reduced the freight and logistics demand in the country. The operations of the end users including trade and transportation manufacturing and retail were hampered during the lockdown, which also limited the market growth. However, the market gained significant traction in the e-commerce and healthcare sectors. The freight and logistics sector assisted the healthcare industry in efficiently managing the transportation of vaccines and other medicines essential for the treatment of COVID-19, which significantly proliferated the overall market growth.
Competitive Landscape
Major players operating in the Saudi Arabia freight and logistics market include Almajdouie Logistics, Bahri Logistics, CEVA Logistics, SAL Logistics, DHL Saudi Arabia, Nesma Trading Co. Ltd, Almajdouie Heavylift Transport, Gulf Agency Company, Al-Saad Logistics and Transportation Co., and Agility Logistics.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Freight and Logistics Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Freight and Logistics Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Freight and Logistics Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rise of e-commerce
- 3.2.1.2. Significant Investments in Infrastructure
- 3.2.1.3. Country's Strategic Location Between Europe, Asia, and Africa
- 3.2.2. Restraints
- 3.2.2.1. Complex Customs Procedures and Regulations
- 3.2.2.2. Dependency on Oil
- 3.2.3. Opportunities
- 3.2.3.1. Growing e-Commerce Sector
- 3.2.3.2. Ongoing Initiatives under Vision 2030, such as Developing New Economic Cities and Industrial Zones
- 3.2.4. Challenges
- 3.2.4.1. Logistics Sector's Adaptation to Digital Technologies and Automation
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Freight and Logistics Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Shipping Type
- 4.2.1.1. Roadways
- 4.2.1.2. Railways
- 4.2.1.3. Waterways
- 4.2.1.4. Airways
- 4.2.2. By Function
- 4.2.2.1. Inventory Management
- 4.2.2.2. Packaging
- 4.2.2.3. Warehousing
- 4.2.2.4. Transportation
- 4.2.2.5. Distribution
- 4.2.2.6. Custom clearance
- 4.2.2.7. Others
- 4.2.3. By End User
- 4.2.3.1. Trade & Transportation
- 4.2.3.2. Healthcare
- 4.2.3.3. Manufacturing & Construction
- 4.2.3.4. Retail
- 4.2.3.5. Media & Entertainment
- 4.2.3.6. Banking & Financial Services
- 4.2.3.7. IT & Telecommunications
- 4.2.3.8. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Range
- 5.2. Saudi Arabia Freight and Logistics Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
- 6. Impact of Covid-19 on Saudi Arabia Freight and Logistics Market Industry
- 7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- 7.1. Almajdouie Logistics
- 7.2. Bahri Logistics
- 7.3. CEVA Logistics
- 7.4. SAL Logistics
- 7.5. DHL Saudi Arabia
- 7.6. Nesma Trading Co. Ltd.
- 7.7. Almajdouie Heavylift Transport
- 7.8. Gulf Agency Company
- 7.9. Al-Saad Logistics and Transportation Co.
- 7.10. Agility Logistics
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. Assumption & Limitation
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Saudi Arabia Freight and Logistics Segmentation
- Figure 2 Saudi Arabia Freight and Logistics Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Saudi Arabia Freight and Logistics Market Size, By Value (USD Million), 2019–2029
- Figure 5 Saudi Arabia Freight and Logistics Market Share, By Shipping Type, By Value, 2019–2029
- Figure 6 Saudi Arabia Freight and Logistics Market Share, By Function, By Value, 2019–2029
- Figure 7 Saudi Arabia Freight and Logistics Market Share, By End User, By Value, 2019–2029
- List of Tables
- Table 1 Saudi Arabia Freight and Logistics Market Size, By Shipping Type, By Value, 2019–2029
- Table 2 Saudi Arabia Freight and Logistics Market Size, By Function, By Value, 2019–2029
- Table 3 Saudi Arabia Freight and Logistics Market Size, By End User, By Value, 2019–2029
- Table 4 Almajdouie Logistics Company Overview
- Table 5 Almajdouie Logistics Financial Overview
- Table 6 Bahri Logistics Company Overview
- Table 7 Bahri Logistics Financial Overview
- Table 8 CEVA Logistics Company Overview
- Table 9 CEVA Logistics Financial Overview
- Table 10 SAL Logistics Company Overview
- Table 11 SAL Logistics Financial Overview
- Table 12 DHL Saudi Arabia Company Overview
- Table 13 DHL Saudi Arabia Financial Overview
- Table 14 Nesma Trading Co. Ltd. Company Overview
- Table 15 Nesma Trading Co. Ltd. Financial Overview
- Table 16 Almajdouie Heavylift Transport Company Overview
- Table 17 Almajdouie Heavylift Transport Financial Overview
- Table 18 Gulf Agency Company: Company Overview
- Table 19 Gulf Agency Company Financial Overview
- Table 20 Al-Saad Logistics and Transportation Co. Company Overview
- Table 21 Al-Saad Logistics and Transportation Co. Financial Overview
- Table 22 Agility Logistics Company Overview
- Table 23 Agility Logistics Financial Overview
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