Gurugram, India, July 10, 2023 (GLOBE NEWSWIRE) -- A strong ecosystem alongside an improving infrastructure scenario is two of the major factors responsible for the growth of Indonesia’s Freight Forwarding market, says a report by Ken Research. The KSA freight and logistics market is highly fragmented in nature, with the presence of many international players as well as local players. Some of the major players in the industry, are Aramex, tamer, Gulf Systems, Iron Logistics, Schenker, DSV & Zajil amongst others.
1. Improvement in Infrastructure, Increasing LTL Share, Increased LMD Efficiency and Growth in Automation are some of the key trends witnessed in the Transportation Industry in KSA
In recent years, the Saudi Logistics Hub has accelerated the construction of road transportation infrastructure as part of the "Vision 2030" to transform KSA as a global logistics hub. A total of 57 road projects of 1,700 km in length were completed in the last 5 years. 88 new roads and 110 operation & maintenance of roads projects contracts were signed in 2020 each having over $1.1 Bn value. Moreover, KSA Transportation Industry is increasingly moving towards more digital, platform-based and collaborative innovation system to increase its efficiency. High penetration of mobile commerce has led to large disruption in B2B segment, with market participants being able capture a lion’s share of the market.
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2. Technology-enabled transformations such as FMS & Autonomous Vehicles are largely being adopted by Captive Companies or Large Companies to promote Efficiency
Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for KSA’s Logistics market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Indonesia by increasing operational efficiency, reducing costs & increasing profitability.
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Market Taxonomy
By Service Mix
- Freight Forwarding
- Warehousing
- Courier, Express Parcel Market
- Value Added Services
By Mode of Transport
- Sea
- Road
- Air
- Rail
By type of Freight End Users
- Retail
- Automobile
- Pharma
- Others
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By Business Model
- Industrial/Retail Warehouses
- CFS/ICD Warehouses
- Cold Storage
- Agriculture and Other Warehouses
By End-Users
- Retail including Garments, Cosmetics
- Automotive & Engineering
- E- Commerce
- Pharma/ Healthcare
- Others
By Domestic/ International Shipments
- Domestic Shipment
- International Shipment
By End-Users
- E-Commerce
- Retail
- Others
For more insights on market intelligence, refer to the link below: –
KSA Logistics Market
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