MEA Logistics Market
Logistics is defined as arranging and transporting resources from one site to the storage of the intended destination, including equipment, food, liquids, inventories, materials, and people. It controls the flow of commodities from the point of origin to the point of consumption to fulfill client demands. Logistics management is concerned with the efficient and effective administration of everyday operations related to the production of completed goods and services by a corporation. This sort of management is a part of supply chain management and is responsible for planning, implementing, and controlling the efficient, effective forward, reverse, and storage of commodities. Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, construction logistics, digital logistics, military logistics, and other logistics services are all part of the logistics market.
Logistics Market growth is fueled by factors such as the expanding e-commerce industry and an increase in reverse logistics operations and trade agreements. In addition, the rising acceptance of IoT-enabled linked devices and the emergence of tech-driven logistics services are propelling logistics market growth. However, the market's growth is hampered by manufacturers' lack of control over logistical services and increasing logistics expenses. Furthermore, the rise of last-mile deliveries, logistics automation, cost reduction, and lead time reduction due to implementing a multi-modal system is boosting the market growth. Several new technologies are making their way into the ever-complicated area of logistics, with the potential to increase communication while also improving speed and precision. Robotics solutions are already infiltrating the logistics market, enabling zero-defect procedures and increasing efficiency due to rapid technology improvements and lower costs.
Impact of COVID-19 Pandemic on Logistics Market
Due to COVID-19, Middle Eastern countries, like the rest of the globe, reacted quickly by imposing restrictions on the movement of people and products and closing borders. Based on the report by United Nations, around 65 percent of international airports monitored in the Gulf countries were completely shut down, while the remaining 30 percent were only partially operating. Nearly 60% of monitored land border crossing points were shut down completely, while 37% were partially working till August 2020. However, there have been reports of Arab countries loosening their restrictions and lifting their lockdowns since December 2020. Saudi Arabia, for instance, reopened its border with Bahrain, Kuwait, and the United Arab Emirates in January 2021 after an eight-month lockdown. Furthermore, in July 2021, the Kingdom announced to invest over US$ 133.34 billion (SAR 500 billion) in airports, seaports, rail, and other infrastructure in a bid to make the Kingdom a global transportation and logistics hub.
E-commerce refers to purchasing and selling items through the internet. Third-party logistics market providers handle the shipping of goods. Furthermore, the e-commerce sector employs logistics services to manage and control e-commerce enterprises' supply chains, allowing to concentrate on marketing and other company activities. Due to the multiple benefits that logistics provides to the e-commerce industry, the adoption of logistics services is increasing rapidly, fueling the expansion of the MEA logistics market.
In the Middle East, digital adoption has not followed the influence seen in other countries. The high level of internet penetration and rising GDP in several countries, including Bahrain and Saudi Arabia, are fueling the e-commerce business in the Middle East. While China traditionally supplied most of the Middle East's imports, many buyers in the countries are turning to other markets. Amazon and eBay are used just as regularly in the Middle East as local sites such as Cobone, Souq, and Sukar. Furthermore, an increase in online orders or e-shopping is already seen in the Middle East. As a result, firms will upgrade their last-mile delivery operations to speed up deliveries. In addition, technologies to track orders and shipments in real-time will be required to increase transparency and reduce delays. Thus, the Growing e-commerce industry drives the demand for the MEA logistics market.
Model-Based Logistics Market Insights
Based on model, the logistics market is segmented into 1PL, 2PL, 3PL, Cold Chain, Secure Logistics, and Last Mile Delivery. The cold chain segment has further bifurcated into frozen and chilled. Similarly, secure logistic segment is bifurcated into cash management and jewellery & precious metals. The 3PL segment dominates the market due easy availability and flexibility of the services.
End Use-Based Logistics Market Insights
Based on End Use, the Logistics market is segmented into manufacturing, healthcare, telecommunication, government and public utilities, travel and tourism, consumer goods, food and beverages, others. The total expansion of the logistics business is being driven by increased demand for manufacturing, consumer goods, medicines, beverages, and other products and services.
Players operating in the logistics market are mainly focused on the development of advanced and efficient products.
Strategic insights for the MEA Logistics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 45000 Million |
| Market Size by 2028 | US$ 76539 Million |
| Global CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Model
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the MEA Logistics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA Logistics Market is valued at US$ 45000 Million in 2021, it is projected to reach US$ 76539 Million by 2028.
As per our report MEA Logistics Market, the market size is valued at US$ 45000 Million in 2021, projecting it to reach US$ 76539 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The MEA Logistics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the MEA Logistics Market report:
The MEA Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The MEA Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the MEA Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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