Saudi Arabia Automotive And Spare Parts Logistics Market Driven by Rising Local Manufacturing of Automotive and Government Initiatives to Boost the Non-Oil Industries in Saudi Arabia: Ken Research

“Amplified demand for Passenger Vehicles from Women Drivers supporting the growth of Automotives and Spare Parts Logistics Market in Saudi Arabia.”

Surge in manufacturing / industrial activities, rising domestic consumption contributing to the growth of warehousing market: Surge in manufacturing of automotives and spare parts in Saudi Arabia and ease in government regulations have collectively influence the warehousing demand for automotive and spare parts logistics in Saudi Arabia. GDP contribution of manufacturing sector in KSA was evaluated at SAR 376 Billion in 2018. Rising import volumes along with the growth of local manufacturing of automotive & spare parts make it essential for the Kingdom to have robust transportation & warehousing system.

Negative Impact of COVID-19 on the Automotive & Spare Parts Logistics Market: Saudi Arabia witnessed a country wide lockdown owing to the COVID-19 with all the industries shut. The complete lockdown in the second quarter of 2020 left the cargo backlogged at KSA’s major container ports; travel restrictions led to a shortage of truck drivers to pick up containers and ocean carriers canceled sailings. The automotive & spare parts logistics market in Saudi Arabia is anticipated to witness a negative growth rate in the year 2020 owing to the COVID-19. The market is anticipated to get back to normal in the next 8-10 months.

Rising Investments in the Logistics Sector: Saudi government is expected to raise $36.5 bn by 2030 for transportation infrastructure projects. The King Fahd Causeway linking Saudi & Bahrain is also undergoing expansion to accommodate a waiting area of 400 trucks, further contributing to the growth of the logistics sector in Saudi Arabia. Additionally, a 680 Km Saudi-Oman highway and the UAE-Saudi Mafraq-Ghuwaifat International highway are also underway. The logistics companies are investing in advanced technologies such as control towers to streamline supply chain complexity, on-board vehicle telematics, truck platooning to gain a competitive edge.

The report titled “Saudi Arabia Automotive & Spare Parts Logistics Market Outlook to 2025: Lifting of Ban on Female Drivers and Growing Aftermarket for Spare Parts to Influence Market Growth” by Ken Research suggested that the automotive & spare parts logistics market is further expected to grow in the near future as automotive companies are willing to set up their manufacturing plants within the country. The government initiatives such as localization of vehicle imports and incentives for OEM’s using local auto parts, to contribute to the growth of the automotive & spare parts logistics market in the next few years. The market is expected to register a positive CAGR of 4.3% in terms of revenue during the forecast period of 2019-2025F.

Key Segments Covered in KSA Automotive & Spare Parts Logistics Market:-

By Service Mix

Freight Forwarding

Warehousing

Value Added Services

KSA Automotive & Spare Parts Freight Forwarding Market:-

By Mode of Freight

Road Freight

Air Freight

Sea Freight

By Type of Transport

Domestic Freight

International Freight

By 3PL & Integrated Logistics

3PL Logistics

Integrated Logistics

By Cost Split

Last Mile

First Mile

By Automotive Segment

Vehicles

Spare Parts

By Sea Flow Corridors

Sudan

GCC

Egypt

Others

By Air Flow Corridors

Sudan

Egypt

Kuwait

Libya

Oman

UAE

Others

By Road Flow Corridors

Bahrain

Jordan

Lebanon

UAE

Kuwait

Oman

Others

KSA Automotive & Spare Parts Warehousing Market:-

By Business Model

Industrial / Retail

Container Freight / Inland Container Depots

By Cities

Jeddah

Riyadh

Dammam

Others

By Type of Warehouse

Closed Warehouse

Open Warehouse

Key Target Audience:-

International Domestic Freight Forwarders

Warehousing Companies

Logistics Companies

Logistics Consultants

Automotive OEMs

Automotive Dealers/Distributors

Spare Parts Manufacturers

Spare Parts Dealers/Distributor

Time Period Captured in the Report:-

Historical Period: 2014-2019

Forecast Period: 2019–2025

Companies Covered:-

Oriental Commercial & Shipping Co.

Hala Shipping Services

Gulf System

Uniworld Logistics

Abdui Global

NTF Logistics

Four Winds

KWE Transport

Glaube Logistics

Al Rashed Transport

Arabian Transport Co.

SITCO Logistics

Takhzeen Logistics

Kanoo Terminal

Agility Logistics

Al Khodari Sons & LV Shipping & Logistics Co.

BAFCO International

Wolf Transport

Almajdouie Logistics

GAC Logistics

JAS Logistics

Platinum Logistics

Kerry Logistics

Namma Cargo

Al Jabri Transport

Automotive & Spare Parts Companies Covered:-

Audi

Mercedes

Isuzu motors

Nissan

Kia Motors

Toyota

Hyundai

Mazda

General Motors

Mitsubishi

Ford

Changan

For More Information on the research report, refer to below link:-

Saudi Arabia Automotive & Spare Parts Logistics Market

Related Reports:-

Saudi Arabia Dry Logistics and Warehousing Market Outlook to 2025 – Warehousing Automation and Investment within Transport Infrastructure to Drive Market Revenue)

Philippines Logistics Market Outlook to 2024 (Sixth Edition)– By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)

UAE Logistics and Warehousing Market Outlook to 2025 – By Road , Sea and Air Freight Forwarding; Domestic and International Freight, Major Flow Corridors, Integrated and Contract Freight Forwarding; By Warehousing (Industrial / Retail, CFS / Inland Container Depot & Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food and Beverage, Automotive, Oil and Gas, Healthcare), Type of Warehouses; By Courier Express & Parcel Market , and, E-commerce Logistics

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249