Saudi Arabia Logistics Automation Market Size & Outlook
Saudi Arabia logistics automation market, 2018-2030 (US$M)
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Saudi Arabia logistics automation market highlights
- The Saudi Arabia logistics automation market generated a revenue of USD 382.8 million in 2023 and is expected to reach USD 961.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Logistics automation market data book summary
| Market revenue in 2023 | USD 382.8 million |
| Market revenue in 2030 | USD 961.8 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | KION GROUP AG, Daifuku Co Ltd, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Manufacturing Co Ltd, Kardex Holding AG Registered Shares, Toyota Industries Corp, Oracle Corp, SAP SE, Kuka Automatisering Robots, KNAPP AG, TGW Logistics Group, Mecalux Espana, BEUMER Group, SSI SCHAEFER, Witron, One Network Enterprises |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global logistics automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia logistics automation market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 718.4 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia logistics automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to logistics automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.4% in 2023. Horizon Databook has segmented the Saudi Arabia logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Kingdom of Saudi Arabia (KSA) is pursuing economic diversification to reduce its reliance on oil & gas revenues. This diversification drive has increased investments in the manufacturing, logistics, retail, and services sectors.
There is an increasing demand for automation systems to optimize operations, increase efficiency, and boost competitiveness in the above-mentioned non-oil sectors. The KSA has unveiled an extensive pipeline of infrastructure projects worth a trillion dollars to diversify its economy beyond oil.
The company envisages to benefit from the KSA government’s objective of prioritizing innovation and automation. The KSA is significantly investing in introducing technologies to upgrade the country’s transportation network and infrastructure.
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Target buyers of Saudi Arabia logistics automation market databook
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Our clientele includes a mix of logistics automation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia logistics automation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia logistics automation market size, by component, 2018-2030 (US$M)
Saudi Arabia Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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