Qatar Third-Party Logistics (3PL) Market – Growth, Trends, And Forecast (2020 – 2025)
The Qatar Third-Party Logistics (3PL) 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 have 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 Qatar Third-Party Logistics (3PL) market is highly competitive and consists of a number of major players: BDP International Qatar WLL, Aramex, Falcon Express (FedEx), Links Shipping and Cargo World
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Scope of the Report
The Qatar Third-Party Logistics (3PL) market is expected to register a growth rate of over 6% during the forecast period of 2020-2025. For the country being one of the largest LNG suppliers in the world has supported the growth of the logistics market. Moreover, the country’s LNG expansion plans support the growth of the market through the forecast period.
Key Market Trends
Growth in Infrastructure construction sector to attract demand for 3PL services
Qatar is focusing on upgrading its logistics infrastructure particularly in the seaports, constructing regional and international logistics service centres, improving the efficiency of connection for other countries, thereby becoming a modern logistics hub in near future. As in February 2020, the ports authority is heavily investing in the development of ports and other logistic areas and planning to convert the available free area to container storage space to accommodate the growing demand. The ports authority has also acquired lands to build SEZ in the southern part of the country.
The State of Qatar is developing laws and regulations in the field of transport and has invested widely to develop infrastructure projects for the transport sector and its support services to keep speed with the changes and developments achieving Qatar National Vision (QNV) 2030 goals.
The investments have achieved a remarkable development for the maritime transport sector at every level and contributed to placing Qatar with a leading position and a distinguished reputation on the map of the global maritime sector.
Additionally, the government has agreed to take upon the development of huge projects such as the construction of a fleet of sporting stadiums of regional and international standing like the construction at the new Hamad Port. Hamad Port, Ruwais Port, and Doha Port together received 4,085 vessels and handled 1.34 million Twenty-Foot Equivalent Units (TEUs) containers during 2019.
Developments in the Warehousing Space
Qatars Warehousing Market is driven by the increasing government expenditure on infrastructure and surging demand from the FMCG sectors. Although after the difficult diplomatic relations with the neighbouring gulf countries like Saudi, UAE, Bahrain and Egypt, Qatar is focusing on building relations with the Asian and European countries for trade relations.
Qatars new Public-Private Partnership (PPP) law, is expected to accelerate the participation of the private sector and foreign investors in various economic development projects in the country.
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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: Qatar Third-Party Logistics (3PL) 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. Analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze 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.
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