Prominent Development In Trends Of Saudi Arabia Automotive And Spare Parts Logistics Market Outlook: Ken Research
Overview
The Automotive and spare parts logistics is the administration of the movement of parts or products that are necessitated by dissimilar producers from one domicile to another. The worldwide automotive spare parts logistics market is projected to enlarge owing to an augment in vehicle production around the globe. The Spare parts logistics service encompasses storage, post-production, and modifications comprising the technical conditions and/or pre-delivery inspections, which contain of several tests that are carried out beforehand delivery of automotive parts to the consumer. Finished vehicles are acknowledged by a precise number that is delivered by the vehicle manufacturer, which would support to recognize the parts location.
Whereas, in April 2016, Saudi Arabia proclaimed its Vision 2030 which comprises transforming the Kingdom into a favored logistics hub. Great investments in road infrastructure under Saudi Vision 2030, a 680 Km Saudi-Oman thoroughfare and the UAE-Saudi Mafraq-Ghuwaifat International Highway underway. Although, the government of Saudi Arabia is running on fresh multi-mode logistic stations and two newfangled railway lines to linkage GCC regions across the east & Yanbu-Jeddah across the west.
Major influencers of the automotive and spare parts logistics market
The effective augment in the vehicle registrations in both underdeveloped and developed countries coupled with prearranged warehousing activities of automotive is influencing the automotive and spare parts logistics market. Prominent growth in third-party logistics service vendors, which are offering integrated warehousing solutions comprising order entry system and warehouse management system, is predicted to boost the logistics industry. Enhancement in technology, comprising voice picking system and RFID, are probable to further foster the automotive and spare parts logistics market.
Saudi Arabia Automotive & Spare Parts Freight Forwarding Market
Freight forwarder bargains an assortment of services depending on their size, number of personnel, and number of branches. Growing auto exports to other Gulf countries & East African countries comprising Sudan, Libya, Djibouti and several others is motivating the requirement. Saudi Arabia launched fresh logistics zone during 2019 which is open to private investors across the Red Sea port city of Jeddah therefore, expanding the economy away from oil and generating more jobs for local Saudis. Road was witnessed as the most prominent freight mode across Saudi Arabia for automotive and spare parts logistics, followed by sea and air during the year 2019.
Moreover, the domestic freight had intervening share due to outsized association of vehicles & spare parts from the ports to the towns inside in KSA. Foremost export destinations of automotive & spare parts comprised GCC countries such as Bahrain, Jordan, the UAE and several others.
Growth is predicted to be majorly underwritten by economic & industrial activities linked with logistics services such as transportation of goods & warehousing. The KSA government focuses to aggressively propel and position 50 islands and 100 miles of Red Sea as a worldwide tourist destination. The amplification of Red Sea passage across Jeddah, minerals hub around the Yanbu, King Abdullah port and NEOM predict are also anticipated to inspire freight forwarding industry.
Comparative Scenario in Saudi Arabia Automotive & Spare Parts Logistics Market
Competition was witnessed to be exceedingly fragmented across both freight forwarding and warehousing sector along with the existence of both international and domestic players. Nevertheless, the local / domestic players have a greaterexistence in the market and were witnessed to compete on the basis of foremost clientele, revenue matrix, logistics networking, average pricing, technological improvement and value added services.
Saudi Arabia Automotive & Spare Parts Logistics Market Future Viewpoint and Predictions
The automotive and spare parts logistics is projected to witness negative growth during 2020, owing to lockdown measures, restriction on several businesses and ban on transportation in the preliminary phase. Requirement revival for the logistics services is projected to take close to 10-12 months, before the Industry will get back to customary levels. The government is scheduling to pump investment into economic regions and other industrial projects to boom up the logistics and transportation centers. KSA government is greatlyen couraging the integration of multi-modal hubs around the country. FDI within logistics infrastructure improvement, constructing regional & international logistics service centers and developing the proficiency of trade routes can collectively support the region in fetching a hub over long term.
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
Automotive OEMs
Automotive Dealers/Distributors
Spare Parts Manufacturers
Spare Parts Dealers/Distributor
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
For More Information on the research report, refer to below link:-
Saudi Arabia Automotive & Spare Parts Logistics Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249