Portland, OR, Feb. 16, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the KSA last mile delivery market generated $285.3 million in 2020, is projected to reach $520.9 million by 2030, manifesting a CAGR of 6.3% from 2021 to 2030.The report offers an extensive analysis of changing market trends, value chain, top segments, top investment pockets, regional scenarios, and competitive landscape.
Download Report (253 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/15988
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $285.3 million |
| Market Size in 2030 | $520.9 million |
| CAGR | 6.3% |
| No. of Pages in Report | 141 |
| Segments covered | Service Type, Delivery Time, and End Use. |
| Drivers | Rise in development of the e-commerce industry |
| Expansion of last mile delivery services by foreign companies in Saudi Arabia | |
| Technological advancements in delivery vehicles | |
| Opportunities | Growing adoption of autonomous delivery |
| Increase in the number of urban warehouses for fulfilling demand | |
| Restrains | Cash as a payment culture |
| Imprecise postal address system |
Covid-19 Scenario:
- The outbreak of covid-19 positively impacted the KSA last mile delivery market. The pandemic has accelerated the growth of the e-commerce sector and its segment, thus increasing the market demand.
- Since the outbreak of the pandemic, customers are shopping online…
