KSA Freight Forwarding Market - Industry Trends and Forecast to 2031
The KSA freight forwarding market is expected to reach USD 2,880.73 million by 2031 from USD 1,766.07 million in 2023, growing with a CAGR of 6.4% in the forecast period of 2024 to 2031.
Market SegmentationKSA Freight Forwarding Market, By Transport (Road Freight Forwarding, Air Freight Forwarding, Sea Freight Forwarding, and Rail Freight Forwarding), Logistics Model (Third Party Logistics, Second Party Logistics, and First Party Logistics), Customer Type (B2B, B2C, E-Commerce, and Last Mile Delivery), Freight Forwarder Type (Consolidators/NVOCC, Multimodal Transport Operators, Custom Brokers, Port Agent, and Others), End-User (Oil and Gas Industry, Industrial & Manufacturing, Food and Beverages, Energy and Utility, FMCG, Healthcare, Automotive, IT & Telecom, Retail, Military, and Others), Country (Saudi Arabia) – Industry Trends and Forecast to 2031
Overview of KSA Freight Forwarding Market Dynamics
Driver
• Growing demand for FMCG, retail, food industry, and e-commerce in the KSA
Restraint
• Impact of environmental regulations on constraints in freight forwarding
Opportunity
• High infrastructure investment leading opportunity for businesses
Market PlayersSome of the key market players operating in the KSA freight forwarding market are: • DSV
• Kuehne+Nagel
• GAC
• Almajdouie
• CEVA Logistics
• Expeditors International of Washington, Inc.
• SINOTRANS
• DB SCHENKER
• SEKO Logistics
• JAS
• Abdul Latif Jameel IPR Company Limited
• United Parcel Service of America, Inc.
• NAQEL Company
• DHL
• Crane Worldwide Logistics
• fourwinds
• ARABCO Logistics
• FedEx
• BOLLORÉ LOGISTICS
• Freights Solutions Co.
• PAREKH GROUP
• Swift Cargo.
• WeFreight
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