1.Saudi Arabia is emerging as a logistics hub due to its proximity to 3 major regions having a competitive cost advantage due to its favorable geographical location
Saudi Arabia is at cross roads of International Trade Routes between 3 major regions; Asia, Europe, Middle East & Africa.
Saudi Arabia resides directly on Asia-Europe Trade route, with nearly 12% of total container trade moves annually.
Saudi Arabia is a key distribution (transhipment)
Region to markets of Middle East, Egypt and East Africa; with GCC being the major market for Re Export.
2.Rise of 3PLs in KSA
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There has been a significant rise in the number of 3PL companies in the country over the years. A rising number of logistic companies are shifting to renting out warehouses and fleet from 3PLs, thus leading to the growth of 3PLs in the country.
Amazon announced intentions to grow its business network in Saudi Arabia in March 2021. These plans call for the development of 11 new centres and the creation of more than 1,500 jobs for locals and citizens. Six product storage facilities and 13 delivery stations will be added to the distribution network.
Agility completes the sale of its Global Integrated Logistics (GIL) business to DSV Panalpina in August 2021. When the all-shares transaction is fully completed in all countries, Agility will get 19,304,348 DSV shares, or around 8% of all DSV shares after the transaction.
3.Trade and Industrial Growth boosting Warehousing market in KSA
Saudi Arabia sits between three continents – Europe, Africa and Asia – giving it a unique advantage when it comes to the Asia-Europe trade routes and distributing goods through the Arabian Peninsula making it an attractive and an active hub for trade.
KSA’s strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.
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KSA Warehousing Market Segmentation
By Ownership
- Owned
- 3PL
By City
- Riyadh
- Jeddah
- Others including Damam and more
By End-Users
- Consumer Retail
- Food and Beverages
- Healthcare
- Automotive
- Others
By Business Model
- Industrial/Retail Warehouses
- CFS/ICD Warehouses
- Cold Storage
- Agriculture and Other Warehouses
Major Players Mentioned in the Report:
- LSC Logistics
- Agility Logistics+DSV
- Almajdouie Logistics
- Mosanada Logistics
- Tamer Logistics
- BAFCO International Logistics and Shipping Co.
- Hala Supply Chain
- United Warehousing Co.
- Wared Logistics
- Kanoo Terminal
- Logipoint
- DHL Global Forwarding
- GAC
Key Target Audience
- E-commerce Companies
- Third-Party Logistic Providers
- Potential Market Entrants
- Freight Forwarding Companies
- Warehousing Companies
- Cold Storage Companies
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
For More Insights On Market Intelligence, Refer to the Link Below: –
Saudi Arabia Warehousing Market Outlook to 2027
Related Reports by Ken Research: –
Global Logistics and Warehousing Market Outlook to 2027
Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026
The post Warehousing market in Saudi Arabia recorded a positive CAGR of ~6% in between 2017 and 2022 on the basis of revenue generated. Will KSA Warehousing Market continue this growth trajectory? Ken Research appeared first on Ken Research.
