By the end of 2025, the revenue of Saudi Arabia's automotive and spare parts logistics market is expected to reach approximately US$2.241 billion: Ken Research

2021-11-08 10:18:23 By : Mr. Jacky Wang

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Gurugram, India, June 10, 2021 /PRNewswire/--

The Saudi government's 2030 vision: Under the 2030 vision, the Saudi government's goal is to allow OEMs to produce more than 300,000 cars in the country between 2020 and 2030. Saudi Arabia's 2030 vision aims to reduce its dependence on oil exports, which highlights the growth potential of the logistics industry in the future. According to Saudi Vision 2030, the 680-km Saudi-Oman Expressway and the UAE-Saudi Mafraq-Ghuwaifat International Expressway have invested heavily in road infrastructure and contributed to the development of the logistics industry.

Technological progress and innovation to promote the development of the logistics industry: Saudi Arabia's logistics companies are increasingly adopting RFID, warehouse management systems, transportation management systems and other technologies to improve cost efficiency within the logistics framework. The company has begun to adopt these technologies to have an advantage over other players in the country's logistics market. The latest technologies used by logistics companies in Saudi Arabia include RFID tags and IoT analysis, big data analysis, drone technology, 3D printing, augmented reality, etc.

Lifting the ban on female drivers: It is estimated that by the end of 2020, it is estimated that more than 3 million female drivers will be added across the country, which will drive the demand for new car sales. With the recovery of oil prices, the removal of the female driving ban is expected to boost the car aftermarket in Saudi Arabia. The influx of female drivers has stimulated Saudi Arabia's demand for new and used cars. The surge in demand for vehicles by female drivers has contributed to the development of Saudi Arabia's automobile and parts logistics industry.

The report entitled "Saudi Arabia's automobile and spare parts logistics market outlook to 2025: lifting the ban on female drivers and improving automobile sales to affect market growth" written by Ken Research shows that the automobile and spare parts logistics market is expected to grow further in 2025. increase. In the near future, automobile companies are willing to set up manufacturing plants in China. Government initiatives, such as the localization of auto imports and encouraging OEMs to use local auto parts, will contribute to the growth of the auto and parts logistics market in the next few years. It is expected that during the forecast period of 2019-2025F, the market's revenue compound annual growth rate will be 4.3%.

The key segments covered by the KSA automotive and spare parts logistics market:-

Time period captured in the report:-

Covered automobile and spare parts companies:-

Key topics covered in the report:-

For more information about the research report, please refer to the following link:-

Saudi Arabia's automobile and spare parts logistics market

Saudi Arabia's dry logistics and warehousing market looks forward to 2025-warehousing automation and transportation infrastructure investment to drive market revenue)

The market shows a volatile growth trajectory. As the oil price shock further led to a slowdown in the economy during 2016-2017, dry logistics revenue declined at a single-digit compound annual growth rate during 2015-2019. Saudi Arabia is at the crossroads of important international trade routes connecting Asia, Europe and Africa. This strategic location provides Saudi Arabia with unique advantages over other countries, making it a leading regional logistics hub. In April 2016, Saudi Arabia announced its 2030 vision, which included transforming the kingdom into a logistics hub of choice. It is constantly working to make the import and export process more streamlined. In addition, the government is reorganizing government regulations and structures in the logistics sector, and paving the way for market liberalization and private sector participation. The expansion of industrial cities continues to provide foreign investors with opportunities to develop non-oil manufacturing bases, warehousing, and logistics. For example, Pfizer opened a manufacturing plant in King Abdullah Economic City in 2017. The Saudi Arabian government launched the National Industrial Development and Logistics Program (NIDLP) in January 2019 to promote the growth of non-oil manufacturing. Many companies are investing in special bulk trucks and heavy lifting transportation to diversify their revenue sources and operations. For example, Bahri launched a new dry bulk carrier "Sara" in Saudi Arabia and increased its total dry bulk carrier fleet to six.

The UAE's logistics and warehousing market outlook to 2025-land, sea and air; domestic and international freight, high-volume channels, integrated and contract freight forwarding; by warehousing (industrial/retail, CFS/inland container warehouses and cold storage, agriculture) , End user (manufacturing, retail, food and beverage, automobile, oil and gas, healthcare), warehouse type; By Courier Express & Parcel Market and, e-commerce logistics

The UAE logistics and warehousing market is on a strong and sustainable growth trajectory. Due to the increase in foreign direct investment, the increase in infrastructure investment, the negative impact of the global economic slowdown, the 100% ownership of certain industries, and the decline in oil prices, the economy is facing volatility in 2013-2019. FDI in 2016-2018 is estimated at USD 139 billion, resulting in a total foreign direct investment in the UAE of USD 139 billion. Due to the fall in prices, the UAE government has been taking measures to reduce its dependence on oil exports. Various government initiatives have been taken, such as Expo 2020, Dubai Vision 2020, Abu Dhabi Vision 2030, and flexible rules and regulations to promote economic diversification of the economy.

KSA is a competitive benchmark for top logistics companies in the transportation, warehousing, 3PL, international express, domestic express, automotive, pharmaceutical, oil and gas, and retail logistics fields

Taking into account the strong position of all basic products in terms of oil export and import dependence, the industry is dominated by sea and land transportation. The country has close trade relations with Asian countries, European countries and the United States. Land freight is usually common in the UAE, Bahrain, Jordan and Egypt. Air freight is quite expensive than any other mode and is usually used for express delivery. KSA also has a strong warehousing segment, in which real estate companies lease their space to logistics companies and exclusive companies for a longer period of time. Due to the large population and the existence of seaports, warehouses are concentrated in Riyadh, Jeddah, Dammam, Huba and other regions. The express, express and parcel markets are driven by growth in the country's last mile delivery and e-commerce sectors.

Philippine Logistics Market Outlook in 2024 (Sixth Edition)-Sea, Land and Air; by warehousing (industrial/retail, ICD/CFS, cold storage, agriculture), by end user; by cold chain market (cold transportation and cold storage)

Due to CTAP's favorable laws, bridge investment to promote inter-island transportation through RORO, and port development through government and public-private partnerships, the average compound annual growth rate of the Philippine logistics market during 2014-19 has been achieved. The current logistics cost accounts for 27.16% of sales in the Philippines, which is very high compared to other Southeast Asian countries. The influx of foreign companies, the increase in integration, the government's green freight policy, and investment in innovative technologies have stimulated market growth.

Ken Research Ankur Gupta, Director of Marketing and Communications [Email Protection] 91-9015378249


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