GCC Logistics Market - Forecast, Demand, Outlook and Market Research Report

 Infinium Global Research’s recent report on the “GCC Logistics Market (By Mode of Transportation (Railways, Roadways, Waterways, and Airways), End User (Manufacturing, Retail, Aerospace, Government, Banking & Financial Services, Others)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The reported study estimated the market for logistics at USD 866 billion in 2021, and will reach over USD 1291 billion in 2027, with a Compound Annual Growth Rate of 6.8%, over the forecast period (2021-2027).

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"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030." 

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Logistics is the most important function of many industries, where the goods are transported safely and timely from the shippers to the customers. Many times, logistic operations are carried out by internal resources. While several shippers outsource logistic services to save resources and focus on the primary business functions. Logistic functions such as inventory management, picking, packing, and shipping play an important role in improving customer satisfaction in many industries. The eCommerce industry is booming in the GCC, and it is majorly driving the demand for logistics in the region. The logistic functions are critical for the eCommerce industry. Many eCommerce companies outsource fulfillment operations to third parties, which helps them cut costs by offering multi-client warehousing.

The logistics providers offer timely and safe deliveries and extend the reach of eCommerce companies. Furthermore, the economic conditions such as disposable income and spending capability are improving across the GCC region. The rapid industrialization along with the growing workforce in the GCC countries are supporting the economic growth in the region. With the improving economic conditions, consumers are spending more on goods and services. This, in turn, augments the adoption of logistics services by many industries across GCC. In addition, technological advancements such as AI, IoT, and 5G are expected to offer growth opportunities to the market players.

The GCC logistics industry was severely affected by the outbreak of the Covid-19 pandemic. Business activities across several industries were halted across the region. Many governments across the GCC region implemented restrictions on transportation, closure of borders, ban on international freight movement in order to contain the spread of the pandemic. Such restrictions and travel ban in the region disrupted the logistics industry in GCC. Therefore, the adoption of logistics was also reduced during the period of a pandemic. The revenue of many end-use industries also dropped during the pandemic, which hampered the demand for logistics services. Many shippers and logistics providers developed innovative solutions to combat the pandemic crisis. Innovative features such as contactless delivery, and package sanitization were offered by the logistics service providers. Moreover, the service providers also adopted technologies such as IoT, and robotics to streamline their operations and improve efficiency during the pandemic.

Roadways are the Dominant Mode of Transportation in the GCC Logistics Market

Based on the mode of transportation, the GCC logistics market is segmented into railways, roadways, waterways, and airways. The roadways segment accounted for the largest share in the GCC logistics market. The infrastructure development in the GCC countries is majorly driving the growth of the roadways segment in the market. These countries are investing heavily on building transport infrastructure such as highways, bridges, roads, and gas stations across the region, including some of the remote locations. This extends the reach of logistics providers in the GCC region. Moreover, the logistics providers are increasing their fleet of vehicles such as trucks, vans, and delivery bikes to expand their network. This, in turn, augments the growth of the roadways segment in the GCC logistics market.

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UAE to Be the Dominant Country in GCC Logistics Market

Among the countries, UAE accounted for the largest share of the global GCC logistics market. Moreover, UAE is estimated to grow at the fastest rate in the GCC logistics market. The logistics market is growing rapidly in UAE owing to the flourishing retail industry. Growth in the retail industry in the country is attributed to the booming tourism sector and higher disposable income. Moreover, the growing eCommerce industry due to increasing internet penetration in UAE is further driving the growth of the logistics market. Furthermore, the development of modern transportation infrastructure such as highways, flyovers, and gas-stations supports the growth of the market in UAE. On the other hand, Saudi Arabia held a considerable share in the GCC logistics market due to the presence of leading market players such as SMSA, BAFCO, and Aramex. In addition, the strong presence of large eCommerce players such as Namish, Jarir, and Extra is further driving the growth of logistics in Saudi Arabia.

Companies Operating in GCC Logistics Market are Entering into Agreements, and Focusing on Acquisitions

The GCC logistics market is highly competitive and consolidated in nature. The leading players in the market held the majority of the market share. Companies such as Agility Public Warehousing Company, Al Madina Logistics Services Company, Al-Futtaim Logistics Company, BAFCO International Shipping & Logistics, and Qatar Logistics are some of the key market players. The companies are entering into partnership agreements and expanding their network to consolidate their position in the global market. For instance, in October 2021, SAL Saudi Logistics Services signed a cargo ground handling agreement with Qatar Airways Cargo. This deal is expected to increase the cargo shipping capabilities of SAL.

On the other hand, global players are also entering the market to tap the growth opportunities. For instance, Maersk signed an agreement with DP World’s trade and logistics hub, Jebel Ali Free Zone (Jafza) to set up its first warehousing & distribution (W&D) facility in the UAE. This is likely to expand the presence of Maersk in GCC. Infinium Global Research’s recent report on the Global GCC logistics Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of the GCC logistics.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.