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
