KSA Freight and Logistics Market Trends, Share, Demand, Growth Drivers, Key Players, Revenue, Challenges, Opportunities and Future Strategies Till 2033


KSA Freight and Logistics Market Trends, Share, Demand, Growth Drivers, Key Players, Revenue, Challenges, Opportunities and Future Strategies Till 2033: SPER Market Research

 Published: Sep-2023
 Author: SPER Analyst

Saudi Arabia Freight and Logistics Market is projected to be worth USD 41.79 billion by 2033 and is anticipated to surge at a CAGR of 5.92%.

Delivery of goods from one location or country to another is accomplished cost-effectively through logistics and freight. Businesses frequently use goods to efficiently move massive quantities of goods across the globe, including by truck, train, ship, and air. Four primary techniques of moving goods are available to shippers. Land-based (by road), rail-based, maritime, and air travel are the primary forms of transportation. In addition to product transportation, the term "logistics" encompasses a broad range of operations, such as distribution, warehousing, and many more.

Saudi Arabia Freight and Logistics Market Driving Factors and Challenges

The expansion of the Saudi Arabian freight and logistics market is being driven by the country's quick industrialization, expanding manufacturing sector, and soaring domestic demand of commodities. The nation's e-commerce industry is expanding quickly, propelled by booming internet usage, high smartphone ownership, and soaring customer demand for easy shopping. The need for logistics and freight forwarding services to enable prompt and hassle-free delivery and returns is also increasing as a result of this. Over the next five years, the Saudi logistics sector is expected to increase positively as a result of economic diversification, political reforms, taxation, and foreign direct investment (FDI) policies that favour an open economy and promote private investment. Additionally, Saudi Arabia benefits from being a key location and having a sizable economy as an essential logistical hub. The nation has embarked on a programme to develop logistics services that includes streamlining import and export procedures, improving infrastructure, implementing administrative and regulatory reforms, and expanding and privatising the market.

However, in comparison to other nations, Saudi Arabia's customary laws and customs are a little more complicated. The International Trade Administration states that in order to import goods into Saudi Arabia, importers must give Zakat, the nation's tax and customs department, a commercial invoice, a bill of lading, and a certificate of origin. Personal books, films, and publications are all subject to restriction and examination. A minimum of 48 hours prior to the consignment's arrival at the port of entry, importers must complete the "Fasah" platform clearing procedures by providing the required documentation and completing the customs declaration form. The country's imports may be restricted as a result of these rules, which would also reduce Saudi Arabia's need for goods and logistics.

Impact of COVID-19 on Saudi Arabia Freight and Logistics Market
The COVID-19 pandemic had a detrimental effect on Saudi Arabia's goods and logistics business expansion. The country's need for goods and logistics was greatly decreased by the introduction of the lockdown and the subsequent instant limitations on cross-border trade. The shutdown hindered the end users' ability to conduct business, including manufacturing, retail, and commerce and transportation, which also constrained the market's expansion. The e-commerce and healthcare industries, however, saw the market see tremendous growth. In order to effectively manage the shipment of vaccinations and other medicines necessary for the treatment of Covid-19, the goods and logistics business helped the healthcare sector. This considerably boosted the growth of the total market.

Saudi Arabia Freight and Logistics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agility Logistics, Almajdouie Heavylift Transport, Almajdouie Logistics, Al-Saad Logistics and Transportation Co., Bahri Logistics, CEVA Logistics, DHL Saudi Arabia, Gulf Agency Company, Nesma Trading Co. Ltd., SAL Logistics, Others.

Saudi Arabia Freight and Logistics Market Segmentation:

By Shipping Type: Based on the Shipping Type, Saudi Arabia Freight and Logistics Market is segmented as; Airways, Railways, Roadways, Waterways.

By Function: Based on the Function, Saudi Arabia Freight and Logistics Market is segmented as; Custom clearance, Distribution, Inventory Management, Packaging, Transportation, Warehousing, Others.

By End-Users: Based on the End-Users, Saudi Arabia Freight and Logistics Market is segmented as; Banking & Financial Services, Healthcare, IT & Telecommunication, Manufacturing & Construction, Media & Entertainment, Retail, Trade & Transportation, Others.

By Region: This research also includes data for Eastern, Central, Northern, Northwest, Midwest, and Southwest Saudi Arabia.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]