How
Saudi Arabia logistic and warehousing market evolved?
Logistics
and warehousing market in Saudi Arabia comprises of various activities
such as freight forwarding, warehousing, e-commerce logistics, 3PL services,
express delivery and more. The market also consist of value added logistics
services such as assembly, consolidation, co-packing, cross docking, direct
store delivery, fulfillment, import/export, inspection, inventory management,
module/floorstand displays, packaging, pallet exchange, pick and pack, pool
distribution, record retention, reverse logistics, sorting, transloading,
transportation management, and more. Market size for logistics and warehousing
has enhanced from USD ~ Billion in 2012 to USD ~ Billion in 2018.
Traditionally, international freight movement was majorly dependent on roads,
however owing increasing demand of quick delivery the market has been dominated
by air freight movement on the contrary, domestic freight movement is dominated
by ground transportation systems.
Saudi Arabia’s economic growth has been supported by government
investments and totally financed by its oil exports. In spite of recent
economic slowdown, kingdom’s outlook seems positive with the expected
improvement in the economy as the government is focusing on diversify its
economy.
The country borders with Oman to the East
and UAE to the North. Saudi Arabia also shares sea borders with Qatar and Iran,
which makes it most suitable for logistics industry. The rising trade
activities between Saudi and other countries has triggered the demand for both
domestic and international logistics services, as logistics services are required
of transportation of goods from port to the final destination.
Saudi
Arabia Freight Forwarding Market And Segmentation
By
Mode of Freight: In Saudi Arabia Freight Forwarding Market, road freight
segment dominated with a revenue share of ~% in 2018. The sea freight was the
second largest mode that contributed to the overall freight forwarding market
in the kingdom, accounting for ~%. The air freight segment captured a
relatively low revenue share of ~% in Saudi Arabia Freight Forwarding Market in
2018.
By Type of Delivery: In Saudi
Arabia Freight Forwarding, normal delivery segment dominates the market with a
large revenue share of ~%, on the contrary the remaining revenue share of ~%
was catered by the express delivery segment in the year 2018. Normal delivery
services are preferred where no urgency in orders delivery.
By
Level of Freight: International freight forwarding accounted for larger
revenues share in overall Saudi Arabia Freight Forwarding Market, accounting
for share of ~% in the year 2018.
By
Owned and 3PL: Saudi Arabia Freight Forwarding Market is segmented in to companies that
have complete product and service portfolio and do not outsource (complete or
part) of their services to other companies. The companies that own all the
services in their portfolio accounted for ~% of the Saudi Arabia whereas 3PL
companies accounted for ~% in terms of revenue.
By
Flow Corridors: Saudi Arabia
Freight Forwarding Market has been segmented on the basis of major international
flow corridors in which Asian countries accounted largest share of ~% which
is USD ~ Billion, followed by European countries with ~% share, and others.
China, Singapore, India, Malaysia, and Japan are some of the top major export
destinations and import sources for Saudi Arabia from APAC Region are China,
Japan, India, South Korea, and Thailand.
Competitive
Landscape In Saudi Arabia Freight Forwarding Market
The freight forwarding industry in Saudi Arabia
was observed as highly fragmented with the presence of both domestic as well
international freight forwarders in the country. There are around ~ large scale
international freight forwarders that provide all types of services including
LCL, FCL and others; Whereas around ~ large scale operators exist which provide
fewer services thus totaling ~ large scale international freight forwarders in
the country.
Competitive
Landscape In Saudi Arabia Freight Forwarding Market
The freight forwarding industry in Saudi Arabia
was observed as highly fragmented with the presence of both domestic as well
international freight forwarders in the country. There are around ~ large scale
international freight forwarders that provide all types of services including
LCL, FCL and others; Whereas around ~ large scale operators exist which provide
fewer services thus totaling ~ large scale international freight forwarders in
the country. Some of the prominent freight forwarding
companies in Saudi Arabia are Basem International, Kuehne+Nagel, Panalpina, DB
Schenker, DHL, Agility and more.
For more information on the research
report, refer to below link:
Related reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment