Prominent Development In Trends Of Saudi Arabia Automotive And Spare Parts Logistics Market Outlook: Ken Research

Overview

The Automotive and spare parts logistics is the administration of the movement of parts or products that are necessitated by dissimilar producers from one domicile to another. The worldwide automotive spare parts logistics market is projected to enlarge owing to an augment in vehicle production around the globe. The Spare parts logistics service encompasses storage, post-production, and modifications comprising the technical conditions and/or pre-delivery inspections, which contain of several tests that are carried out beforehand delivery of automotive parts to the consumer. Finished vehicles are acknowledged by a precise number that is delivered by the vehicle manufacturer, which would support to recognize the parts location.

Whereas, in April 2016, Saudi Arabia proclaimed its Vision 2030 which comprises transforming the Kingdom into a favored logistics hub. Great investments in road infrastructure under Saudi Vision 2030, a 680 Km Saudi-Oman thoroughfare and the UAE-Saudi Mafraq-Ghuwaifat International Highway underway. Although, the government of Saudi Arabia is running on fresh multi-mode logistic stations and two newfangled railway lines to linkage GCC regions across the east & Yanbu-Jeddah across the west.

Major influencers of the automotive and spare parts logistics market

The effective augment in the vehicle registrations in both underdeveloped and developed countries coupled with prearranged warehousing activities of automotive is influencing the automotive and spare parts logistics market. Prominent growth in third-party logistics service vendors, which are offering integrated warehousing solutions comprising order entry system and warehouse management system, is predicted to boost the logistics industry. Enhancement in technology, comprising voice picking system and RFID, are probable to further foster the automotive and spare parts logistics market.

Saudi Arabia Automotive & Spare Parts Freight Forwarding Market

Freight forwarder bargains an assortment of services depending on their size, number of personnel, and number of branches. Growing auto exports to other Gulf countries & East African countries comprising Sudan, Libya, Djibouti and several others is motivating the requirement. Saudi Arabia launched fresh logistics zone during 2019 which is open to private investors across the Red Sea port city of Jeddah therefore, expanding the economy away from oil and generating more jobs for local Saudis. Road was witnessed as the most prominent freight mode across Saudi Arabia for automotive and spare parts logistics, followed by sea and air during the year 2019.

Moreover, the domestic freight had intervening share due to outsized association of vehicles & spare parts from the ports to the towns inside in KSA. Foremost export destinations of automotive & spare parts comprised GCC countries such as Bahrain, Jordan, the UAE and several others.

Growth is predicted to be majorly underwritten by economic & industrial activities linked with logistics services such as transportation of goods & warehousing. The KSA government focuses to aggressively propel and position 50 islands and 100 miles of Red Sea as a worldwide tourist destination. The amplification of Red Sea passage across Jeddah, minerals hub around the Yanbu, King Abdullah port and NEOM predict are also anticipated to inspire freight forwarding industry.

Comparative Scenario in Saudi Arabia Automotive & Spare Parts Logistics Market

Competition was witnessed to be exceedingly fragmented across both freight forwarding and warehousing sector along with the existence of both international and domestic players. Nevertheless, the local / domestic players have a greaterexistence in the market and were witnessed to compete on the basis of foremost clientele, revenue matrix, logistics networking, average pricing, technological improvement and value added services.

Saudi Arabia Automotive & Spare Parts Logistics Market Future Viewpoint and Predictions

The automotive and spare parts logistics is projected to witness negative growth during 2020, owing to lockdown measures, restriction on several businesses and ban on transportation in the preliminary phase. Requirement revival for the logistics services is projected to take close to 10-12 months, before the Industry will get back to customary levels. The government is scheduling to pump investment into economic regions and other industrial projects to boom up the logistics and transportation centers. KSA government is greatly encouraging the integration of multi-modal hubs around the country. FDI within logistics infrastructure improvement, constructing regional & international logistics service centers and developing the proficiency of trade routes can collectively support the region in fetching a hub over long term.

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

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