Wednesday 3 June 2020

Saudi logistics, warehousing market to reach $17.5bn by 2023

RIYADH, August 6, 2019

Saudi Arabia’s logistics and warehousing market is expected to register a positive compound annual growth rate (CAGR) of 3.3 per cent in terms of revenue and reach over $17.5 billion during the forecast period of 2018-2023, according to a recent report from Ken Research, a leading market research and data analytics company.

The report is titled “Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) – Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade”.

The report believes that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment to improve the nation’s infrastructure and rising demand for express deliveries to meet the growing consumption requirement in the country.

The report covers logistics infrastructure in the country, cross comparison of the market with other GCC countries, value chain analysis, industry revenue, segmentation by service mix, end users, by mode of freight, type of delivery, level of freight, owned and third party logistics, flow corridors and domestic and international companies for freight forwarding market; segmentation by business model, type of warehouses, end users, cities and ownership for warehousing market; segmentation by level of courier, type of international express, type of domestic express and business model for express logistics market; segmentation by time duration, mode of payment and location for e-commerce logistics market; segmentation by market type for third party logistics market; trade scenario in the country, trends and developments, issues and challenges, government role and regulations, SWOT analysis, recent mergers and acquisitions, competitive scenario, company profiles, strengths and weakness, heat map and directory of major players. – TradeArabia News Service


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