Market Size of saudi arabia road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.34 Billion |
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Market Size (2030) | USD 8.82 Billion |
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Largest Share by End User Industry | Wholesale and Retail Trade |
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CAGR (2024 - 2030) | 5.64 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Road Freight Transport Market Analysis
The Saudi Arabia Road Freight Transport Market size is estimated at 6.34 billion USD in 2024, and is expected to reach 8.82 billion USD by 2030, growing at a CAGR of 5.64% during the forecast period (2024-2030).
6.34 Billion
Market Size in 2024 (USD)
8.82 Billion
Market Size in 2030 (USD)
4.94 %
CAGR (2017-2023)
5.64 %
CAGR (2024-2030)
Largest Market by Distance
72.12 %
value share, Long Haul, 2023
In 2022, Saudi Arabia witnessed solid activity in the infrastructure sector, with 56 roads covering a total distance of 1,610 km, facilitating the growth of the long-haul segment.
Largest Market by Goods Configuration
62.45 %
value share, Solid Goods, 2023
The solid goods trucking segment remained high in demand during the review period, and it is expected to remain so during the forecast period.
Largest Market by End User Industry
31.64 %
value share, Wholesale and Retail Trade, 2023
Saudi Arabia is set to witness the establishment of a dedicated e-commerce logistics facility (with a daily throughput capacity of 15,000 boxes) by 2024 to meet the growing e-commerce volume in the country.
Fastest Growing Market by Truckload Specification
6.32 %
Projected CAGR, Less than-Truck-Load (LTL), 2024-2030
The adoption of technologies like GPS tracking for LTL freight is bringing revolutionary improvements in efficiency. The food and beverages and retail sectors played a significant role in driving the market in 2022.
First Leading Market Player
8.36 %
market share, Wared Logistics, 2022
Wared Logistics is a joint venture between Zahid Group Holding and Construction Products Holding Company (CPC) with over 30 years of logistics experience. The company has completed more than 17,000 projects successfully.
Saudi Arabia launched an initiative in 2022 to develop local transportation for around 9,000 industrial products
- In 2022, Saudi Arabia launched an initiative aimed at developing local transportation and supply chains for around 9,000 industrial products. This initiative is expected to enable the identification of manufacturing opportunities that attract local and foreign investment. Saudi Arabia launched new initiatives in 2021 to help provide fresh momentum for the drive to diversify, industrialize, and energize the private sector. It included the Shareek (partner) investment program, which aims to release USD 1.3 trillion of domestic private-sector investment into the economy by 2030.
- The Saudi Arabian retail sector is forecasted to grow to USD 159 billion (SAR 596 billion) by 2024. Retail accounted for 22.8% of Saudi’s non-oil GDP as of the third quarter of 2022, according to the General Authority for Statistics. A lot of this growth is driven by e-commerce and luxury. Saudi Arabia’s e-commerce channel is primed for continued growth. By 2024, the number of Saudi Arabian internet users for e-commerce (selling and buying) is expected to reach 33.6 million, an increase of 42% from 2019.
- The agricultural production capacity of the greenhouses is expected to reach over 1 million tons annually and is expected to drive the demand for road freight services. The growth in the agriculture output is attributed to the Kingdom’s National Strategy for Agriculture 2030, which seeks to create a sustainable sector that achieves food and water security. Similarly, an increase in construction activities is expected to drive the construction end-user segment. Over 5,200 projects across Saudi Arabia, with a combined worth of USD 819 billion, are currently underway, representing 35% of all active GCC (Gulf Cooperation Council) projects.
Understand The Key Trends Shaping This Market
Saudi Arabia Road Freight Transport Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.
- In 2022, Saudi Arabia launched an initiative aimed at developing local transportation and supply chains for around 9,000 industrial products. This initiative is expected to enable the identification of manufacturing opportunities that attract local and foreign investment. Saudi Arabia launched new initiatives in 2021 to help provide fresh momentum for the drive to diversify, industrialize, and energize the private sector. It included the Shareek (partner) investment program, which aims to release USD 1.3 trillion of domestic private-sector investment into the economy by 2030.
- The Saudi Arabian retail sector is forecasted to grow to USD 159 billion (SAR 596 billion) by 2024. Retail accounted for 22.8% of Saudi’s non-oil GDP as of the third quarter of 2022, according to the General Authority for Statistics. A lot of this growth is driven by e-commerce and luxury. Saudi Arabia’s e-commerce channel is primed for continued growth. By 2024, the number of Saudi Arabian internet users for e-commerce (selling and buying) is expected to reach 33.6 million, an increase of 42% from 2019.
- The agricultural production capacity of the greenhouses is expected to reach over 1 million tons annually and is expected to drive the demand for road freight services. The growth in the agriculture output is attributed to the Kingdom’s National Strategy for Agriculture 2030, which seeks to create a sustainable sector that achieves food and water security. Similarly, an increase in construction activities is expected to drive the construction end-user segment. Over 5,200 projects across Saudi Arabia, with a combined worth of USD 819 billion, are currently underway, representing 35% of all active GCC (Gulf Cooperation Council) projects.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Destination | |
| Domestic | |
| International |
| Truckload Specification | |
| Full-Truck-Load (FTL) | |
| Less than-Truck-Load (LTL) |
| Containerization | |
| Containerized | |
| Non-Containerized |
| Distance | |
| Long Haul | |
| Short Haul |
| Goods Configuration | |
| Fluid Goods | |
| Solid Goods |
| Temperature Control | |
| Non-Temperature Controlled | |
| Temperature Controlled |
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Saudi Arabia Road Freight Transport Market Size Summary
The Saudi Arabia Road Freight Transport Market is poised for significant growth, driven by strategic initiatives and investments aimed at diversifying the economy and enhancing infrastructure. The government's Vision 2030 plan plays a crucial role in this expansion, with substantial investments in transport and logistics infrastructure, including ports, airports, and rail networks. These developments are part of a broader strategy to transform Saudi Arabia into a global business hub, attract foreign investment, and increase the sector's contribution to the national GDP. The market is also influenced by the growth of the retail sector, particularly e-commerce, and the agricultural sector, which is expected to boost demand for road freight services. The construction industry, with numerous ongoing projects, further contributes to the market's expansion.
The market landscape is characterized by fragmentation, with several key players such as Almajdouie, Kadi Group Holding, Munawla Cargo Co., Rashed Abdul Rahman Al Rashed & Sons Group, and Wared Logistics holding significant shares. These companies are actively enhancing their operations through strategic partnerships and fleet upgrades to improve efficiency and sustainability. The market's growth is supported by the government's efforts to diversify energy sources and reduce reliance on oil, alongside initiatives to increase domestic energy prices and achieve emission reduction targets. Despite challenges such as fluctuating oil prices and global economic uncertainties, the road freight transport market in Saudi Arabia is expected to continue its upward trajectory, supported by robust infrastructure development and strategic economic reforms.
Saudi Arabia Road Freight Transport Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Destination
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1.2.1 Domestic
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1.2.2 International
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1.3 Truckload Specification
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1.3.1 Full-Truck-Load (FTL)
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1.3.2 Less than-Truck-Load (LTL)
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1.4 Containerization
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1.4.1 Containerized
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1.4.2 Non-Containerized
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1.5 Distance
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1.5.1 Long Haul
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1.5.2 Short Haul
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1.6 Goods Configuration
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1.6.1 Fluid Goods
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1.6.2 Solid Goods
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1.7 Temperature Control
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1.7.1 Non-Temperature Controlled
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1.7.2 Temperature Controlled
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Saudi Arabia Road Freight Transport Market Size FAQs
How big is the Saudi Arabia Road Freight Transport Market?
The Saudi Arabia Road Freight Transport Market size is expected to reach USD 6.34 billion in 2024 and grow at a CAGR of 5.64% to reach USD 8.82 billion by 2030.
What is the current Saudi Arabia Road Freight Transport Market size?
In 2024, the Saudi Arabia Road Freight Transport Market size is expected to reach USD 6.34 billion.
