Saudi Arabia Freight and Logistics Market Report and Forecast 2024-2032

Saudi Arabia Freight and Logistics Market Report and Forecast 2024-2032

Saudi Arabia Freight and Logistics Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia freight and logistics market size reached a value of USD 31.82 billion in 2023. Aided by the increasing demand for efficient logistics solutions and the growing applications of freight services in various sectors, the market is projected to further grow at a CAGR of 5.5% between 2024 and 2032 to reach a value of USD 51.60 billion by 2032.

Freight and logistics involve the transportation and storage of goods, including warehousing, inventory management, and distribution services. The logistics sector plays a vital role in the supply chain, ensuring the efficient movement of goods from manufacturers to consumers. The increasing demand for efficient and cost-effective logistics solutions, coupled with the growing trend of e-commerce and international trade, is driving the Saudi Arabia freight and logistics market growth.

The increasing demand for efficient logistics solutions is driving the Saudi Arabia freight and logistics market growth. With the rapid expansion of the e-commerce sector and the growing need for timely delivery of goods, there has been a significant shift towards the adoption of advanced logistics solutions. These solutions help in optimising supply chain operations, reducing costs, and improving overall efficiency. Additionally, the rising trend of globalisation and international trade is further propelling the demand for freight and logistics services.

The expanding applications of freight services in various sectors also play a significant role in propelling the market. In the retail sector, logistics services are used to manage the transportation and storage of goods, ensuring timely delivery to consumers. In the manufacturing sector, freight services help in the efficient movement of raw materials and finished products. The growing demand for logistics solutions across these sectors is boosting the market growth.

Moreover, advancements in logistics technology are driving innovation and development in the market. The introduction of new technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain, has enhanced the efficiency and transparency of logistics operations. These technologies enable real-time tracking of goods, predictive maintenance, and improved supply chain visibility. The growing adoption of advanced logistics technologies is driving the market growth and consequently drives up the Saudi Arabia freight and logistics market share.

The growing focus on infrastructure development is also contributing to the market growth. With the increasing emphasis on improving transportation infrastructure, including roads, ports, and airports, there is a significant demand for logistics services. The government’s initiatives to develop modern logistics infrastructure, such as the Saudi Vision 2030, are driving the adoption of advanced logistics solutions. The rising demand for efficient and modern logistics infrastructure is boosting the market growth.

The regulatory environment plays a crucial role in shaping the market. Governments and regulatory bodies in Saudi Arabia are actively supporting the development and deployment of efficient logistics solutions. Various regulations and standards, such as the Saudi Arabian Standards Organization (SASO) guidelines and the Saudi Customs regulations, are promoting the use of compliant and secure logistics services. These regulatory efforts are providing a favourable environment for the growth of the freight and logistics market.

As per the Saudi Arabia freight and logistics market analysis, the road freight segment holds a significant share of the Saudi Arabia freight and logistics market, driven by its widespread use in domestic and regional transportation. Road freight services involve the transportation of goods via trucks and other road vehicles, offering flexibility and cost-effectiveness for short and medium-distance deliveries.

Market Segmentation

The market can be divided based on function and end use

Market Breakup by Function

• Courier, Express and Parcel
• Domestic
• International
• Freight Forwarding
• Railways
• Airways
• Roadways
• Waterways
• Freight Transport
• Railways
• Airways
• Roadways
• Waterways
• Warehousing and Storage
• Temperature Controlled
• Non-Temperature Controlled
• Others

Market Breakup by End Use

• Manufacturing
• Consumer Goods and Retail
• Food and Beverages
• IT Hardware and Telecom
• Healthcare
• Chemicals
• Construction
• Automotive
• Oil and Gas
• Others

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Saudi Arabia freight and logistics market. some of the major players explored in the report by expert market research are as follows:

• Kuehne + Nagel Management AG
• Deutsche Post AG
• UPS Express Private Limited
• The Aramex Group
• FedEx Corporation
• Agility Public Warehousing Company K.S.C.P.
• Mosanada Logistics Services
• Zajil Express
• Alma Express
• SMSA Express Transportation Company Ltd.
• Wared Logistics
• Saudi Logistics Services Company (SAL)
• Saudi Post Corporation
• United Warehouse Co. Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report. Show more