Saudi Arabia Warehousing and Storage Market Outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia warehousing and storage market size reached a value of USD 7.10 billion in 2023. Aided by the country’s strategic initiatives to bolster its position as a global logistics hub, the market is projected to further grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of USD 12.05 billion by 2032.
Warehousing and storage services in Saudi Arabia are crucial for the seamless operation of its diverse economic sectors, including retail, manufacturing, and the rapidly growing e-commerce sector. It encompasses a range of services from basic storage solutions to advanced, value-added services such as inventory management, order fulfilment, and distribution management, catering to the sophisticated needs of modern businesses.
The significant growth of the retail and e-commerce sectors in Saudi Arabia is a primary driver for the Saudi Arabia warehousing and storage market growth. As consumers increasingly turn to online shopping, the demand for efficient warehousing and distribution services to support quick and reliable order fulfilment is rising. There is an increasing demand for integrated supply chain solutions among businesses operating in Saudi Arabia. Companies seek comprehensive warehousing and storage services that can optimize their inventory management, reduce operational costs, and improve overall supply chain efficiency.
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The growth of the food and pharmaceutical sectors in Saudi Arabia is driving the demand for cold chain logistics and temperature-controlled warehousing, which further contributes to the Saudi Arabia warehousing and storage market share. This is particularly important for ensuring the quality and safety of perishable goods, as well as compliance with regulatory standards. Warehousing and storage facilities are also strategically expanding beyond major cities to include secondary cities and key logistical points. This geographical diversification aims to support the wider distribution network, reduce transportation times, and cater to the logistics needs of various regions within the Kingdom. It is particularly focused on areas with strategic importance to the Belt and Road Initiative and the Red Sea trading corridor.
Sustainability is becoming a key consideration in the warehousing and storage market in Saudi Arabia and the use of renewable energy sources, energy-efficient lighting, and sustainable materials, are gaining traction. The market in Saudi Arabia is embracing technological advancements and automation to meet the demands of a dynamic market. Automated storage and retrieval systems (ASRS), warehouse management systems (WMS), and robotics are being increasingly deployed to enhance operational efficiency and accuracy.
There is a growing trend towards the integration of warehousing services with broader supply chain management solutions, which also fuels the Saudi Arabia warehousing and storage market expansion. This holistic approach offers end-to-end logistics services, from warehousing to transportation and distribution. It reflects a shift towards providing comprehensive logistics solutions that can enhance operational efficiency and reduce costs for businesses.
Saudi Arabia’s government is heavily investing in infrastructure and logistics as part of its Vision 2030 program, aiming to diversify the economy and reduce dependence on oil revenues. As per the Saudi Arabia warehousing and storage market analysis, projects such as the development of new ports, logistics zones, and transportation networks are enhancing the warehousing and storage sector’s capacity and efficiency.
The Saudi government is implementing regulatory reforms and offering investment incentives to boost the warehousing and storage market. These initiatives aim to attract foreign investment, foster public-private partnerships, and support the development of a modern logistics infrastructure. As per the Saudi Arabia warehousing and storage market outlook, streamlining customs procedures and enhancing the regulatory framework are part of these efforts to improve the ease of doing business in the logistics sector.
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Saudi Arabia Warehousing and Storage Market Segmentation
The market can be divided based on the type of warehouse, ownership, end use, and region.
Market Breakup by Type of Warehouse
- General Warehousing and Storage
- Refrigerated Warehousing and Storage
- Farm Product Warehousing and Storage
Market Breakup by Ownership
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Market Breakup by End Use
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverage
- IT Hardware
- Healthcare
- Chemicals
- Others
Market Breakup by Region
- Makkah
- Riyadh
- Madinah
- Qassim
- Eastern Province
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia warehousing and storage market. Some of the major players explored in the report by Expert Market Research are as follows:
- DHL Saudi Arabia
- Wared Logistics
- ATC-logistics
- A.P. Moller – Maersk
- Arabian Logistics Solutions
- BSL Logistics
- Diggipacks
- Almajdouie Logistics
- Advanced Storage Co.
- Aiduk
- Others
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