Saudi Arabia Last Mile Delivery Market - Infiniumglobalresearch.com

Saudi Arabia Last Mile Delivery Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

Report Code: SA00750 Country : Saudi Arabia Published: October, 2023

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The country research report on Saudi Arabia last mile delivery market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the last mile delivery market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of last mile delivery market in Saudi Arabia.

Market Insight

Last-mile delivery is an entire ecosystem that brings a variety of goods to consumers’ doorsteps and the final stage in the network of the courier, express, and parcel companies (CEP). The focus of last-mile logistics is to deliver products to the end-user as fast as possible. This has been driven by the continuously growing market and demand for a well-situated customer experience across industries such as retail, e-commerce, food, and others. Last-mile logistics allow shippers to deliver more products to consumers cost-effectively and earlier. Further, last-mile delivery can provide comprehensive analytics with granular visibility. It offers all data about operations planning operations processes, process efficiency, and quality management.

Saudi Arabia's last-mile delivery market size is expected to reach USD 13.11 million in 2022, with a CAGR of 28.49% during the forecast period 2023-2030. The expansion of the e-commerce industry in Saudi Arabia coupled with changing consumer behavior is a key driving factor for the last-mile delivery market. The e-commerce retail business has matured considerably due to the increasing internet penetration, smartphone usage, and diversity on e-commerce platforms. As e-Commerce grows, the last mile delivery industry will increasingly become a valuable arena for brands and the logistics providers who deliver for them. Growing demand for parcel services in retail and online food delivery will further propel the growth of the market. The integration of advanced technologies into existing systems and the rising demand for just-in-time delivery are expected to propel the demand for last-mile delivery. This emergence of modern technology enables greater efficiency and an effective operating model is expected to escalate the growth of Saudi Arabia's last-mile delivery market. However, customer nuances and a shortage of local delivery resources for last-mile delivery hinder the growth of the last-mile logistics market. Also, the implementation of self-driving and electric vehicles or drones can support market growth. In addition, the use of AI can considerably cut delivery costs which will add value to last-mile delivery.

The coronavirus outbreak is currently making a huge impact in every vertical in Saudi Arabia. On the other hand, one of the direct implications of the pandemic was a noticeable growth in online shopping. As e-Commerce continued to grow despite economic chaos, the last mile delivery industry increasingly became a valuable arena for brands and the logistics providers who deliver for them. This has immensely contributed to the growth of the last mile delivery industry. With demand for home delivery skyrocketing amid the pandemic, start-up last-mile companies also have become a focal point for investors.

Segments Covered

The report on Saudi Arabia last mile delivery market provides a detailed analysis of segments in the market based on service type, vehicle type, and end user.