KSA Freight Forwarding Market to generate $18.8 Bn Revenue out of which the Road Transportation Market to contribute 45.0% revenue share in 2025: Ken Research

Key Findings Key Findings Infrastructure Development : The KSA Government is aiming to establish the kingdom as a logistics hub under its Vision 2030 by development of SEZ's, integrated transport infrastructure and reformation of sea ports. Economic growth, rising population and rapid urbanization are driving the KSA government to invest in the massive expansion of the country's transportation networks thus, driving freight revenue over long term. Addition of about 10,000 km rail line by...

Key Findings

Infrastructure Development: The KSA Government is aiming to establish the kingdom as a logistics hub under its Vision 2030 by development of SEZ's, integrated transport infrastructure and reformation of sea ports. Economic growth, rising population and rapid urbanization are driving the KSA government to invest in the massive expansion of the country's transportation networks thus, driving freight revenue over long term. Addition of about 10,000 km rail line by 2024 along with multimodal hubs are expected to bridge the demand for sea-air and road-rail transportation. The new land bridge connecting the east and west coasts of KSA is expected to decrease transit times from 10 days through sea to 13 hours through rail and enable faster transportation.

Induction of New Technologies: Saudi Arabia Logistics Technological Advancements are expect to improve and enhance supply chain transparency and security leading to improved cost efficiency. Increasing adoption of warehouse automation technologies such as EDI, RFID, Human Centric Designs and Drones are expected to improve operational efficiency. Introduction & adoption of technologies such as telematics, V2V communications, and tracking to have a strong influence on delivery & service offerings.

KSA Government opened the retail and wholesale sectors to 100% foreign ownership and has launched a large privatization programme. Competition will intensify due to entrance of global players due to flexible rules and regulations thus, leading to surge in M&A's and further intensifying the competition in the freight forwarding market. The government is also developing Free Zones near KSA airports which are aimed to attract foreign businesses by relaxed licenses & taxation policies, thus increasing more foreign investments in the country.

The report titled "KSA Logistics and Warehousing Market Outlook to 2025"– Driven by Warehousing Automation and Investment within Transport Infrastructure to Drive Market Revenue" provides a comprehensive analysis on KSA Logistics Market. The report covers various aspects including the current market size and warehousing space, its segmentations viz, by Fleet Operators, FTL/LTL, End Users, Warehousing Business Model, End Users and Regional Analysis, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and warehousing space.

Key Segments Covered:-

KSA Road Freight Market Segments

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KSA Warehousing Market Segments:-

Companies Covered:-

Key Target Audience:-

Time Period Captured in the Report:-

Key Topics Covered in the Report:-

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KSA Transportation and Warehousing Market

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More Logistics And Shipping Market Research Reports By Ken Research:- https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/SC-100-45.html

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