Saudi Arabia Water Transport Market Size

Saudi Arabia Water Transport Market Future Prospects

The Saudi Arabian water transport market will generate an estimated revenue of USD 12.4 billion in 2024 and witness a CAGR of 5.4% during 2024–2030, reaching USD 17.0 billion by 2030. The demand for water transport services is rising due to the continuous growth in globalization and trade in Saudi Arabia, the rise in tourism, a higher need for energy sources, as well as the advancement in technology and infrastructure in the water transportation sector.

This growth is also driven by the rising demand for sustainable transportation solutions, as well as the enhancing global connectivity. The market is moving toward more-sustainable practices due to the strong focus on reducing emissions, such as using the eco-friendly electric and LNG propulsions. Additionally, the advancement in port facilities and the expansion of navigable marine routes contribute to the industry’s growth.

This industry contributes to various sectors, such as tourism, trade, and logistics. It plays an important role in the Saudi Arabian economy by offering a cost-effective way to transport goods in bulk across long distances.