“Growth in the E-commerce sector and increasing demand for Industrial and Retail warehousing has driven the Warehousing market in Saudi Arabia”
The report titled “Saudi Arabia Warehousing Market Outlook to 2023 – By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses” believe that the warehousing market in Saudi Arabia has been increasing largely due to growth in the retail sector, an increase in manufacturing activity in the country and expansion in international trade. The market is expected to register a positive CAGR of 4.1% in terms of revenue during the forecasted period 2018-2023E.
Emergence as a Transhipment Hub: Saudi Ports Authority signed a long-term memorandum-of-understanding (MoU) with Saudi Industrial Services Co (SISCO) to expand Red Sea Gateway Terminal (RSGT) at Jeddah Islamic Port (JIP) which will bolster the aim of turning Jeddah into a transhipment hub for the Middle East. Saudi Arabia has emerged as a transhipment hub for goods which will increase customer’s demand for modern warehouse solutions at cheaper costs in the country.
Rising Foreign Direct Investment: The country undertook economic diversification and opened doors to industrial, retail and logistics players by allowing 100.0% FDI ownership in the year 2018. Majority of the international players who are seeking industrial premises in the kingdom requires large warehousing space however, owing to a limited supply of state-of-the-art warehousing facilities; they prefer leasing land and constructing facilities in accordance with their needs and preferences. In addition, the increasing digitization is paving way for automated warehousing technologies, ASRS and several other advanced techniques of warehousing in the country.
Rising Number of Logistics Players: The growing logistics market of Saudi Arabia is simultaneously witnessing an increasing number of new players and existing players expanding their current level of operations. For instance, Wared Logistics has started the first of a series of temperature controlled warehouses mid-2012. Also, the logistics chain of UAE, Al Futtaim began with the operations of its second warehousing facility in Riyadh in July 2018, by scaling up the local distribution centre with the total warehousing space of 15,000 Sqm.
Key Segments Covered:-
By Business Model
Industrial/Retail
Cold Storage
Container Freight/Inland Container Depot
By Type of Warehouses
Closed Temperature Controlled Warehouses
Closed Non-Temperature Controlled Warehouses
Cold Storage
Open Yards
By End Users
Consumer Retail
Food and Beverages
Healthcare
Automotive
Others
By Cities
Jeddah
Riyadh
Dammam
Others
By Ownership
Owned Warehouse
Third Party Logistics (3PL) Warehouses
Key Target Audience
Warehouse Companies
Logistics Companies
Trading Companies
Real Estate Companies
Construction Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023
Companies Covered:-
LSC Logistics
Agility Logistics
Almajdouie Logistics
Mosanada Logistics
Tamer Logistics
BAFCO International Logistics and Shipping
Hala Supply Chain Services
United Warehouse Company Limited
Wared Logistics
Takhzeen Logistics
Etmam Logistics (Shahini Group)
Aramex
Khaden Logistic
Panda Retail Company
Keywords:-
Saudi Arabia Warehousing End Users Market
Saudi Arabia Warehousing Industry Services
Owned Warehouses Market Saudi Arabia
3PL Warehouses Saudi Arabia
3PL Services in Saudi Arabia
Third Party Logistics Companies Saudi Arabia
Saudi Arabia Business Model Warehouses
Saudi Arabia Industrial Warehouses Market
Saudi Arabia Retail Warehouses Market
Saudi Arabia Warehouse Robotics Market
Riyadh Warehouse Market Size
Dammam Warehouse Market Revenue
Saudi Arabia LSC Logistic Services Market
Saudi Arabia Agility Logistics Market
Saudi Arabia Almajdouie Logistic Market
Saudi Arabia Mosanada Logistics Services
Saudi Arabia Warehousing Industry Trends
Saudi Arabia Warehousing Market Projections
For more information, refer to below link:-
Saudi Arabia Warehousing Market Outlook
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