A surge in the demand for efficient transportation and logistics solutions has been observes to ensure timely delivery of goods with the increase in the online shopping by the consumers. This surge in demand has opened up new opportunities for the KSA trucking (road freight) market, creating a positive environment for growth and development. One of the key factors contributing to the synergy between e-commerce and the road freight sector is the need for last-mile delivery services. E-commerce companies require reliable and flexible transportation options to deliver products directly to consumers' doorsteps. This has led to an increased in the demand for local trucking services, creating a niche market for companies specializing in road freight in the KSA. The adaptability of trucking services to cater the diverse delivery requirements positions them as a vital link in the e-commerce supply chain.
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Data Bridge Market Research analyses that the KSA Trucking (Road Freight) Market is expected to reach a value of USD 13,036.30 million by 2031 from USD 8,196.00 million in 2023, at a CAGR of 6.1% during the forecast period of 2024 to 2031. The KSA trucking (road freight) market report also comprehensively covers regulatory standards, patent analysis, and technological advancements.
Key Findings of the Study
Rapid Infrastructure Development in KSA
The KSA government invests heavily in various infrastructure projects such as new highways, ports, and logistics hubs, surging the demand for efficient and reliable transportation services. The expansion of infrastructure creates an increased need for the transportation of raw materials, equipment, and finished goods, driving the growth of the road freight industry.
Moreover, the development of mega-projects, such as NEOM and the Red Sea Project, requires extensive logistics support. These projects entail the movement of large quantities of materials and goods over long distances, and the trucking industry is well-positioned to play a crucial role in facilitating this transportation demand. The trucking sector is likely to benefit from the expansion of logistics and distribution networks, as companies seek reliable and cost-effective solutions to transport goods across the country.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customised to 2016-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Service Type (Transportation, Warehousing and Distribution, Freight Forwarding, and Others), Type of Carrier (Less than Truckload (LTL), Full Truckload (FTL), Partial Truckload (PTL), and Specialized Freight), Vehicle Type (Heavy Duty Commercial Trucks, Medium Duty Commercial Trucks, and Light Duty Commercial Trucks), Truck Type (Tanker Truck, Box Truck, Refrigerated Truck, Semi-Trailer Truck, Flatbeds Truck, Liftgate Trucks, and Others), Type of Goods (Road Transport of Foodstuffs, ADR Road Transport of Dangerous Goods, General Goods, and Others), Type of Road Freight (Dry Goods Road Transport, Road Transport of Bulk Cargo, Heavy Goods Transport, and Others), Operation (Domestic and International), Customer Type (B2B, B2C, and E-Commerce & Last Mile Delivery), Business Model (Asset-Based Carriers and Non-Asset-Based Carriers) Distance (More than 500 Miles, 201 Miles-500 Miles, 101 Miles – 200 Miles, 50 Mile – 100 Miles, and Less Than 50 Miles), Industry (Oil & Gas, Manufacturing, Food & Beverages, Mining, Energy & Utility, Fast Moving Consumer Goods (FMCG), Healthcare, E-Commerce, Chemical, Automotive, IT & Telecom, Retail, Transportation, Defense, Electronics, Apparels & Footwear, and Others)
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Country Covered
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KSA
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Market Players Covered
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Sinotrans Co., Ltd (China), GAC (U.A.E.), FedEx (U.S.), SEKO Logistics (U.S.), United Parcel Service of America, Inc. (U.S.), Kuehne+Nagel (Switzerland), CEVA Logistics (France), DHL (Germany), DSV (Denmark), Abdul Latif Jameel Transportation Company Limited (Saudi Arabia), NTF GROUP (Turket), Defaf Logistics (U.A.E.), WeFreight (U.A.E.), Freights Solutions Co. (U.A.E.), Hellmann (Germany), JAS (U.S.), DB SCHENKER (Germany), BOLLORÉ LOGISTICS (France), fourwinds (U.A.E.), and Ardian Global Express LLC (U.A.E.), among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
The KSA trucking (road freight) market is segmented into eleven notable segments, on the basis of service type, type of carrier, vehicle type, truck type, type of goods, type of road freight, operation, customer type, business model, distance, and industry.
- On the basis of service type, the KSA trucking (road freight) market is segmented into transportation, warehousing and distribution, freight forwarding, and others
In 2024, transportation segment is expected to dominate the KSA trucking (road freight) market
In 2024, the transportation segment is expected to dominate the market with 66.54% market share owing to the increased demand for efficient logistics solutions and the growing importance of reliable freight services which drives significant market expansion.
- On the basis of type of carrier, the KSA trucking (road freight) market is segmented into Less than Truckload (LTL), Full Truckload (FTL), Partial Truckload (PTL), and specialized freight. In 2024, the Less than Truckload (LTL) segment is expected to dominate the market with 44.86% market share
- On the basis of vehicle type, the KSA trucking (road freight) market is segmented into heavy duty commercial trucks, medium duty commercial trucks, and light duty commercial trucks
In 2024, heavy duty commercial trucks segment is expected to dominate the KSA trucking (road freight) market
In 2024, the heavy duty commercial trucks segment is expected to dominate the market with 49.99% market share owing to increase in the utilization of such vehicle in multiple industries which is suitable for long distance run, weight capacity, maximum storage, and others.
- On the basis of truck type, the market is segmented into tanker truck, box truck, refrigerated truck, semi-trailer truck, flatbeds truck, liftgate trucks, and others. In 2024, the tanker truck segment is expected to dominate the market with 25.58% market share
- On the basis of type of goods, the market is segmented into road transport of foodstuffs, ADR road transport of dangerous goods, general goods, and others. In 2024, the road transport of foodstuffs segment is expected to dominate the market with 39.06% market share
- On the basis of type of road freight, the market is segmented into dry goods road transport, road transport of bulk cargo, heavy goods transport, and others. In 2024, the dry goods road transport segment is expected to dominate the market with 41.83% market share
- On the basis of operation, the market is segmented into domestic and international. In 2024, the domestic segment is expected to dominate the market with 81.62% market share
- On the basis of customer type, the market is segmented into B2B, B2C, and e-commerce & last mile delivery. In 2024, the B2B segment is expected to dominate the market with 61.56% market share
- On the basis of business model, the market is segmented into asset-based carriers and non-asset-based carriers. In 2024, the asset-based carriers segment is expected to dominate the market with 61.28% market share
- On the basis of distance, the market is segmented into more than 500 miles, 201 miles-500 miles, 101 miles–200 miles, 50 mile–100 miles and less than 50 miles. In 2024, more than 500 miles segment is expected to dominate the market with 30.66% market share
- On the basis of industry, the market is segmented into oil & gas, manufacturing, food & beverages, mining, energy & utility, Fast Moving Consumer Goods (FMCG), healthcare, e-commerce, chemical, automotive, IT & telecom, retail, transportation, defense, electronics, apparels & footwear, and others. In 2024, the oil & gas segment is expected to dominate the market with 15.45% market share
Major Players
Data Bridge Market Research analyzes Kuehne+Nagel (Switzerland), CEVA Logistics (France), DHL (Germany), DSV (Denmark), and Abdul Latif Jameel (Saudi Arabia) as major players in the KSA trucking (road freight) market.
Market Developments
- In October 2023, Kuehne+Nagel and Tamer Logistics forge an exclusive partnership in Saudi Arabia, addressing the rising demand for logistics solutions. This partnership enhances Kuehne+Nagel's contract logistics and freight forwarding with Tamer Logistics' local expertise, expanding their service portfolio. The strategic alliance aims to drive sustainable industry growth, aligning with Saudi Arabia's Vision 2030 and bolstering the country's position as a regional logistical hub
- In October 2023, DSV collaborated with NEOM, a flagship development project in Saudi Arabia, to establish a significant USD 10.00 billion joint venture. This collaboration aims to bolster the logistical infrastructure essential for the ongoing ambitious projects in NEOM. The partnership seeks to provide comprehensive logistics services that will play a crucial role in facilitating the development of DSV in Saudi Arabia. This joint venture reflects a strategic move to enhance operational capabilities and contribute to the successful execution of major initiatives in the region
- In October 2023, DB Schenker was honoured as the Supplier of the Year by General Motors in the category of Inbound Material. This prestigious award recognized DB Schenker's outstanding performance and contribution to General Motors' supply chain, enhancing the company's reputation and position as a reliable logistics partner
- In August 2023, FedEx introduced cost-effective shipping solutions, Regional Economy and Regional Economy Freight, to meet growing cross-border trade demand in the Middle East. Leveraging the Middle East road network, these services provide businesses, including SMEs (Small and medium-sized enterprises), with affordable shipping options for less urgent shipments, ensuring secure transportation and express clearance with competitive transit times of 3-5 days for regional economy and 4-6 days for regional economy freight between key Middle East markets
- In May 2023, CEVA Logistics received the Most Inspiring Automotive Logistics Solution Award for its commitment to customer satisfaction, value, and safety, highlighted by the recent launch of its DCBrain SaaS solution, showcasing a strong emphasis on digitalization, integration, and standardization for efficient global supply chain management in the automotive sector
As per Data Bridge Market Research analysis:
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