MEA Logistics Market Forecast to 2028: Logistics Infrastructure Development and Growing E-Commerce Industry Fueling Growth - ResearchAndMarkets.com
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The logistics market was valued at US$ 45.00 billion in 2021 and is projected to reach US$ 89.85 billion by 2028; it is expected to grow at a CAGR of 7.9% from 2021 to 2028.
Digitalisation brought an significant change in the MEA logistics market, specifically into the logistics sector. The technology has negative impacts in the logistics market. For instance, the demand for the cash management service is declining due to the cashless payments methods adopted by the consumers. The advent of contactless payments, cashless payments, mobile payments, and others are transforming cash transactions into cashless.
Retailers or manufacturers are adopting new payment technologies as safe and more convenient payment processes. The demand for digital payment solutions such as QR code scan payments and smart card contactless payments is increasing in domestic retail sector with the rising consumption of smartphones as well as expanding base of techno-savvy customer base.
The supply of effective last-mile deliveries is seeing a tremendous boom in the logistics market, thanks to the ever-increasing proliferation of e-commerce enterprises. Furthermore, receiving a shipment on the same day of order is becoming increasingly popular, leading to the expansion of last-mile delivery services.
In addition, logistics market' ongoing efforts to provide effective last-mile deliveries are another potential predicted to fuel the Middle East logistics market's growth soon. Furthermore, automation is growing in popularity in the logistics market. One of the essential logistics developments generating profitable potential in the logistics market is the emergence of logistics 4.0.
The logistics market in the Middle East is highly dependent on the smooth flow of information, the requirement for real-time visibility for information, and companies trying to implement smartphones and cloud technology as their key information tools. A robust transportation network is mandatory in logistics to ensure timely delivery of consignments to enhance customer services. This industry growth across the region is majorly attributed to its exponential growth in terms of investment and various initiatives by the government.
MEA stands amongst the most highly urbanized regions, which also faces the construction of new cities. With response to the continuous shift in global economic power has positioned the Middle East firmly as the world's fastest-growing region, including Dubai and Abu Dhabi intending to turn into global hubs. Moreover, the regional government is also taking initiatives to enhance its logistics market.
Globalization and technology have generated new prospects for internationalization in Africa during the last decade, strengthening supply chains and competitiveness. Algeria, Angola, the Democratic Republic of Congo, Egypt, Ghana, Kenya, Mozambique, Nigeria, South Africa, and Tanzania are now the most powerful nations in logistics. Some of them control some of the continent's most important ports. For example, Barra owns Angola's Dande and Lobito, Nigeria's Lekki, Tanzania's Musoma, and Kenya's Lamu. Mining, which accounts for a third of the GDP, is extremely important to the economy. On the other hand, Egypt and Algeria have the greatest production values. They are recognized for their lack of developed logistical corridors and limited international engagement. African logistics firms aim to connect Africa's rural populations to regional supply networks and megacities.
Key Topics Covered:
2. MEA Logistics Market- Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. MEA Logistics Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Global Logistics Market - Revenue and Forecast to 2028-
4.5.2 Global Market Dynamics-
4.5.3 Insights on Sustainability & Tourism
4.5.4 Impact of Digital Payments on Cash Management Market -
4.5.5 Profitability Estimation -
5. MEA Logistics Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Logistics Infrastructure Development
5.1.2 Growing E-Commerce Industry
5.2 Market Restraints
5.2.1 Shortage of Skilled Labour
5.3 Market Opportunities
5.3.1 Rise in Last Mile Deliveries coupled with Logistics Automation
5.4 Future Trends
5.4.1 Technological Advancements in Logistics Industry
5.5 Impact Analysis of Drivers and Restraints
6. Logistics Market - Regional Analysis
6.2 MEA Logistics Market Forecast and Analysis
6.3 Market Positioning of Key Players
7. MEA Logistics Market Analysis - by Model
8. MEA Logistics Market Analysis - by End Use
9. MEA Logistics Market - Country Analysis
10. MEA Logistics Market - COVID-19 Impact Analysis
11. Industry Landscape
- Al Futtaim - Logistics
- RAK Logistics
- SAUDI TRANSPORT & INVESTMENT CO.
- United Parcel Service of America, Inc.
- YUSEN LOGISTICS CO. LTD
- Brink's Incorporated
- Etihad Secure Logistics
- Securitas AB
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