Saudi Arabia Automotive & Spare Parts Logistics Market is expected to reach about USD 2,241 Million in terms of Revenue by the year ending 2025: Ken Research
provides a comprehensive analysis of automotive & spare part logistics market in Saudi Arabia. The report focuses on overall market size in terms of revenue generated by automotive & spare part logistics companies; Saudi Arabia automotive & spare parts logistics market segmentation by service mix (freight forwarding, warehousing and value added services); automotive & spare parts freight forwarding market segmentation by freight mode (road freight, sea freight and air freight); by type of transport (domestic freight and international freight); by 3PL Logistics and Integrated logistics; by Cost split (last mile and first mile); by automotive segment (vehicles and spare parts); by sea flow corridors (Sudan, GCC, Egypt and others); by air flow corridors (Sudan, Egypt, Kuwait, Libya, Oman, the UAE and others).
Gurugram, India, June 23, 2021 (GLOBE NEWSWIRE) --
During Covid pandemic, cargo was 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 warehousing market is anticipated to grow with a CAGR of 5.2% and the freight forwarding market with a CAGR of 4.0% during the forecast period 2019-2025F.
Surging local manufacturing of automotives and spare parts is leading to an increased demand for the logistics services in Saudi Arabia.
Saudi Government's Vision 2030: Under the Vision 2030, the KSA government aims for OEMs to produce 300,000+ vehicles in the country between 2020 & 2030. Saudi Vision 2030 aims to reduce dependence on oil exports highlight the potential for growth of logistics industry in future. Large investments in road infrastructure under Saudi Vision 2030, a 680 Km Saudi-Oman highway and the UAE-Saudi Mafraq-Ghuwaifat International Highway underway contribute to the growth of the logistics industry.
Technological Advancements and Innovations to Drive the Growth of Logistics Industry: Rising adoption of technologies such as RFID, Warehouse Management System, Transportation Management System and others by the logistics companies in Saudi Arabia is leading to improved cost efficiency within logistics framework. Companies have started adopting these technologies to have an edge over other players in the logistics market in the country. The latest technologies that the logistics companies are adopting in Saudi Arabia includes RFID Tagging & IOT analytics, big data analytics, drone technology, 3D printing, augmented reality and others.
Lifting of Ban on Female Drivers: An estimated more than 3 Million female drivers are expected to be added in the country by the end of 2020, which will drive the demand for New Automobile sales. Removal of ban on women driving along with recovery in Oil prices is expected to drive the automotive aftermarket in Saudi Arabia. Influx of female drivers stimulating demand for new & used vehicles within Saudi Arabia. The surging demands for vehicles among the women drivers to contribute to the growth of the automotive and spare parts logistics industry in Saudi Arabia.
The report titled "Saudi Arabia Automotive & Spare Parts Logistics Market Outlook to 2025: Lifting of Ban on Female Drivers and Improving Vehicle Sales 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
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
Key Topics Covered in the Report:-
Saudi Arabia Overview and Major Economic & Logistics Zones
Automotive Import Procedure (Import Procedure for Automobiles and Impact of VAT & Custom Duty Increase)
Trade Scenario
Regulatory Landscape
End-User Analysis (Automotive)
End-User Analysis (Spare Parts)
Saudi Arabia Automotive & Spare Parts Logistics Market
Saudi Arabia Automotive & Spare Parts Freight Forwarding Market
Saudi Arabia Automotive & Spare Parts Warehousing Market
Industry Analysis (SWOT Analysis, PESTLE Analysis, Government initiatives)
Covid-19 Impact on the Automotive Transportation Industry
Snapshot on Control Tower Market
Snapshot on Pre-Delivery Inspection Market
Covid-19 Impact on Automotive Warehousing Industry
Comparative Landscape – KSA Automotive & Spare Parts Logistics Market
Comparative Landscape in Saudi Arabia Automotive Market
Recommendations / Success Factors
Research Methodology
Appendix
Warehousing Automation in Saudi Arabia
Transport Infrastructure Saudi Arabia
Seaport Operations Saudi Arabia
Jubail Port Saudi Arabia
Jeddah Islamic Port Saudi Arabia
King Abdul Aziz Port Saudi Arabia
Maritime Network Saudi Arabia
Yanbu Commercial Port Saudi Arabia
King Fahad Industrial Port Yanbu Saudi Arabia
Jubail Commercial Port Saudi Arabia
Ras Al-Khair Port Saudi Arabia
Dhiba Port Saudi Arabia
Jizan Port Saudi Arabia
Saudi Arabia Cargo Logistics
Automotive Logistics Revenue Saudi Arabia
Spare Parts Logistics Revenue Saudi Arabia
Saudi Arabia Automotive Companies
Saudi Arabia Auto Parts Companies
Saudi Arabia Overall Logistics Revenue
Expansion of Industrial Cities Saudi Arabia
Non-Oil Manufacturing Saudi Arabia
Automotive Market in Saudi Arabia
Saudi Arabia Logistics Services Providers
Leading Export Categories Saudi Arabia
Leading Import Categories Saudi Arabia
Saudi Arabia Logistics Cost
Saudi Arabia Automotive Freight Forwarding Market
Saudi Arabia Auto Parts Freight Forwarding Market
International Freight Saudi Arabia
Automotive Freight Saudi Arabia
Spare Parts Freight Saudi Arabia
Auto Parts Freight Saudi Arabia
Road Freight Saudi Arabia
Sea Freight Saudi Arabia
Air Freight Saudi Arabia
Rail Freight Saudi Arabia
Saudi Arabia Freight Forwarders
Competition in Saudi Arabia Freight Forwarding
Saudi Arabia Trucking Industry
KSA Automotive Freight Forwarding Revenue
KSA Spare Parts Freight Forwarding Revenue
KSA Auto Parts Freight Forwarding Revenue
Saudi Arabia Vehicle Freight Cost
Saudi Arabia Auto Parts Freight Cost
Saudi Arabia Spare Parts Freight Cost
Saudi Arabia Fleet Management System
Autonomous Vehicles in Saudi Arabia
COVID Impact KSA Automotive Freight Forwarding Market
COVID Impact KSA Vehicle Freight Forwarding Market
COVID Impact KSA Spare Parts Freight Forwarding Market
COVID Impact KSA Auto Parts Freight Forwarding Market
Automotive Warehousing Revenue Saudi Arabia
Spare Parts Warehousing Revenue Saudi Arabia
Auto Parts Warehousing Revenue Saudi Arabia
Industrial Warehousing Saudi Arabia
Retail Warehousing Saudi Arabia
Container Freight Saudi Arabia
Real Estate Companies in KSA Warehousing
Logistics Companies in KSA Warehousing
Total Warehousing Space Saudi Arabia
Logistics and Distribution Centers Saudi Arabia
Major Players in KSA Warehousing Market
Warehousing Management System Saudi Arabia
Robotic Automation KSA Warehousing
COVID Impact on Saudi Warehousing Market
COVID Impact on Automotive Warehousing in KSA
COVID Impact on Spare Parts Warehousing in KSA
COVID Impact on Auto Parts Warehousing in KSA
Number of Containers Imported in Saudi Arabia
Air Shipments Saudi Arabia
Logistics Companies in Saudi Arabia
Logistics Companies Fleet Size Saudi Arabia
Logistics Companies Fleet Type Saudi Arabia
Ideal Composition of Fleet Saudi Arabia
Saudi Arabia Logistics End User Analysis
Last Mile Delivery of Automotives in KSA
Last Mile Delivery of Spare Parts in KSA
Last Mile Delivery of Auto Parts in KSA
First Mile Delivery of Automotives in KSA
First Mile Delivery of Spare Parts in KSA
3PL Logistics Companies in Saudi Arabia
Oriental Commercial & Shipping Co. Saudi Arabia
Hala Shipping Services Saudi Arabia
KWE Transport Saudi Arabia
Glaube Logistics Saudi Arabia
Al Rashed Transport Saudi Arabia
Arabian Transport Co. Saudi Arabia
SITCO Logistics Saudi Arabia
Takhzeen Logistics Saudi Arabia
Al Khodari Sons & LV Shipping & Logistics Co. Saudi Arabia
BAFCO International Saudi Arabia
Wolf Transport Saudi Arabia
Almajdouie Logistics Saudi Arabia
For More Information on the research report, refer to below link:-
Saudi Arabia Automotive & Spare Parts Logistics Market
Related Reports:-
The market showcased a volatile growth trajectory. Dry logistics revenue declined at a CAGR of single digit CAGR during 2015-2019 due to oil price shock further leading to an economic slowdown during 2016-2017 period. Saudi Arabia is located at the crossroads of significant international trade route that connects Asia, Europe and Africa. This strategic location provides the Kingdom with a unique advantage over other nations thus, enabling it to become a leading regional logistics hub. In April of 2016, Saudi Arabia announced its Vision 2030 which includes transforming the Kingdom into a preferred logistics hub. It is making continuous efforts to make imports and exports processes more streamlined. Additionally, government is restructuring the regulations and structures logistics sector government and opening the way for market liberalization and private sector participation. Expansion of industrial cities continues to offer opportunities for foreign investors towards developing the non-oil manufacturing base, warehousing & logistics segments. For instance, Pfizer opened a manufacturing facility in the King Abdullah Economic City in the year 2017. Non-oil manufacturing growth is facilitated by launch of National Industrial Development and Logistics Program (NIDLP) in Jan 2019 by KSA government. Various companies are investing in Special bulk trucks and heavy lift movements to diversify their Revenue streams and Operations. For instance, Bahri launched new dry-bulk carrier 'Sara' & increased their total fleet of dry-bulk carriers to 6 ships in KSA.
UAE logistics and warehousing market is on strong and sustainable growth trajectory. The economy has faced volatility in 2013-2019 owning to increasing foreign direct investments, increase investments in infrastructures, negative repercussions of global economic slowdown, 100% ownership in certain sectors and fall in oil prices. Foreign Direct investments in 2016-2018 is estimated to be USD 139 Billion leading to total foreign direct investments of USD 139 Billion in UAE. Government of UAE has consistently taken initiatives to reduce dependence on oil exports due to falling prices. Various government initiatives such as EXPO 2020, Dubai Vision 2020 , Abu Dhabi Vision 2030 and flexible rules and regulations have been taken up to promote economic diversification of the economy.
The industry is dominated by Sea and land freight Movements considering the strong position in Oil Exports and import Dependency for all the Essential Products too. The country has strong trade relations with Asian countries, European countries, and the US. Land freight is usually common with UAE, Bahrain, Jordan, and Egypt. Air freight is quite expensive than any other Mode and is usually used for Express Shipments. The KSA also has a strong warehousing market segment where the real estate players are leasing out their space to logistics companies and Captive players for longer durations. Warehouses are concentrated in areas of Riyadh, Jeddah, Dammam, Al Khobar due to the high population and presence of Seaports. The Courier, Express, and Parcel market is driven by growth in Last-Mile deliveries and the E-Commerce segment in the country.
Philippines Logistics Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, Investments in Bridges to promote Inter-island transportation through RORO, and development of ports both by the government and with Public-Private Partnerships. The Current logistics cost comprise 27.16 % of sales in the Philippines which is very high in comparison to other SEA countries. The influx of foreign players, increasing consolidation, Green freight policies by the Government, and investing in innovative technologies has stimulated the growth in the market.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
CONTACT: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249