GCC Logistics Market Overview:
The GCC Logistics market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Logistics is the overall process involved in managing resources, such as coordinating, storing, and transporting materials, equipment, liquids, inventory, and food, from one location to the desired destination. It includes processes from purchasing and delivering packaging, raw materials, transportation, and shipment of goods to the distributors. It manages the flow of goods from the production and catering to the requirements of customers and consumption. It aids enterprises in creating additional value, saving costs, delivering a better customer experience, and improving brand reputation. It also includes developing and planning supply chains, warehousing, processing orders, designing facilities, delivering and distributing goods, maintaining inventory, collecting payments, and providing certain aspects of customer support. The demand for logistics is increasing across the GCC region due to the advent of strategic logistics management that aids in minimizing transport expenses.
The escalating demand for logistics from the industrial sector majorly drives the market in the GCC region. This can be supported by the increasing service utilization across the consumer goods and retail, healthcare and pharmaceuticals, manufacturing, automotive, and information technology industries. Along with this, the rapidly expanding e-commerce industry due to the penetration of high-speed network connectivity is elevating the demand for efficient logistics services. In addition, the escalating demand for pharmaceutical drugs in the region on account of the rising occurrences of non-communicable diseases is acting as another growth-inducing factor. Apart from this, several manufacturers are adopting green logistic solutions to decrease the overall environmental impact and enhance the green credentials of their businesses, which is gaining widespread prominence across the region. Coupled with this, numerous key players are providing logistics monitoring systems integrated with advanced technologies, including augmented reality (AR), the internet of things (IoT), blockchain, and artificial intelligence (AI), as a result of rapid digitization and continual technological advancements across the GCC to track real-time information, which is creating a positive market outlook.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC logistics market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC logistics market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC logistics market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC logistics market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC logistics market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC logistics market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC logistics market industry. Furthermore, the value chain analysis of the GCC logistics market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Logistics Market Segment Insights:
The GCC Logistics market has been analysed as followed:
By Model Type:
By Transportation Mode:
By End-Use:
By Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Logistics Market Report:
Report Customisation:
The GCC Logistics market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
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