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
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
Published by Ken Research
Posted on October 11, 2021
Saudi Arabia News
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
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 periods. 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.
Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249
Saudi Arabia News
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
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 periods. 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.
Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249
