Middle East and Africa Freight and Logistics Market – Growth, Trends, And Forecast (2020 – 2025)
Middle East and Africa Freight and Logistics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Middle East and Africa Freight and Logistics market is highly competitive and consists of a number of major players: DHL, FedEx, Kuehne + Nagel, United Parcel Service Inc, RAK Logistics, Al-Futtaim Logistics, Agility Logistics, Saudi Transport & Investment Co. (Mubarrad), Almajdouie Group, Ceva Logistics, Gulf Agency Company (GAC), CHEP, Orange Pallet Ltd, General Silos and Storage, Al-Nasr Service and Maintenance Co. (Queen Service), International Freight Group, Egyptair Cargo, El Salam Group
Click the link to get a free Sample Copy of the Report:
Scope of the Report
The Middle East and Africa Freight and Logistics Market are estimated to grow at a CAGR of approximately 4% during the forecast period.During the past decade, globalization and technology have created new opportunities for internationalization, boosting the supply chains and competitiveness in Africa. Currently, the most important countries in terms of logistics are Algeria, Angola, the Democratic Republic of Congo, Egypt, Ghana, Kenya, Mozambique, Nigeria, South Africa, and Tanzania. Some of them own the most important ports in the continent: Barra does Dande and Lobito in Angola, Lekki in Nigeria, Musoma in Tanzania, and Lamu in Kenya. The political instability of some countries makes territorial integration inappropriate in the short term, at least. Domestic markets are predominant in this zone since there is little interaction among regions, which has led to a stagnation in exports. The economy is highly dependent on mining, which represents a third of the Gross Domestic Product (GDP).
Key Market Trends
Demand for airport infrastructure:
Africa and the Middle East are poised to grow significantly, with the Middle East witnessing 4.3 percent growth annually (roughly 500 million passengers) and a contribution to GDP of nearly US 345 billion. Africa is similarly forecasted to double with a 4.6 percent annual growth rate translating to an additional 199 million passenger journeys for a total of 334 million passengers. Cargo volumes are also estimated to double in both regions. At such levels, several challenges and opportunities arise. For airports in Africa and the Middle East, this presents a stellar opportunity to both capitalize on the growth potential and prepare for change, keeping the airlines and consumers at the heart of what is developed and how it serves the national interest.
In the Middle East, the vast number of significant airport capital expansion programs are led by demand coming from the growth of domiciled carriers, but also the geographic proximity to major source markets such as the Indian subcontinent and intercontinental traffic flows, not to mention MENA regional travel. This, coupled with a favorable regulatory environment and governments which have understood and harnessed the value of aviation, has led to the development of airport hubs which are catering to some of the largest movements of passenger and cargo traffic globally.
Airports in the Gulf have led this trend with Dubai, Abu Dhabi, Bahrain, Doha, Muscat and Jeddah as some examples of airports investing billions of dollars in infrastructure but also focusing on what is needed to improve the passenger experience. This is in part due to the close symbiotic relationships the airports have with domiciled carriers such as Emirates Airline, Etihad Airways, Qatar Airways and Saudi Arabian Airlines, which enable most stakeholders in the value chain to work together and develop an end-to-end experience, serving the industry and the respective local economies.
Airports in the Middle East, like their global peers, aspire to overcome project development challenges through effective stakeholder collaboration, capitalising on digitisation, the airport retail revolution and non-aeronautical opportunities. In addition, they aim to create personalised experiences offering guests a sense of place with enough capacity. Another notable trend in the Middle East is airport developers striving to achieve green building credentials, both through international certifications and those which are developed by national programmes, whilst also working towards ACI carbon accreditation.
E-commerce driving the logistics Industry:
Digital adoption in MENA has not followed the path typically seen in other markets. As consumers move online, businesses typically follow suit, enabling a gradual development of the digital ecosystem in areas such as media and e-commerce. MENAs experience has been different.
The e-commerce industry across the Middle East is growing fast, due to the high levels of internet penetration and the rising GDP of many countries from Bahrain to Saudi Arabia.
While many of the Middle Easts imports have historically come from China, increasing numbers of shoppers in the region are buying from further afield. Across the Middle East, Amazon and eBay are used just as frequently (and sometimes more) than local sites such as Cobone, Souq, and Sukar.
The purchasing power of the ME region comes largely from an extremely young population; in Saudi Arabia, over 55% of the population is under 30. Young, digital-savvy shoppers are driving smartphone use in the region to over 65% and internet penetration to over 90% in the UAE, Bahrain and Qatar. As a result, E-commerce is growing steadily.
Browse the Full report description and TOC at:
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Middle East and Africa Freight and Logistics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Media Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
email@example.com | firstname.lastname@example.org