Growth in Demand for Pharmaceutical Products in lieu of the COVID-19 and increase in E-Commerce Activity across ME region, will drive Logistics Market in UAE: Ken Research
GURUGRAM, India, Aug. 26, 2021 /PRNewswire/ — UAE News
- Etihad Cargo has outlined its plans to focus on COVID-19 focused services, setting up a dedicated COVID-19 distribution team in anticipation of a vaccine for the virus. Its new specialized pharma and healthcare product PharmaLife, will focus on key gateways including Abu Dhabi, Barcelona, Chicago, Paris, Dubai, Frankfurt, Hyderabad, London, Milan, Melbourne, Mumbai, Shanghai, Singapore, and Sydney.
- Amazon.ae announced that it has launched International Shopping Experience, delivering items from the UAE to Bahrain, Kuwait and Oman. The delivery includes import fees along with customs clearance managed by Amazon’s couriers. The move acts as a strong fillip to the growth of e-commerce across the Middle Eastern region.
- In a historic step for global trade, the UAE and Israel agreed to normalize relations in mid-August 2020 and signed a normalization agreement in September. In October, a ship carrying cargo from the UAE, docked at an Israel’s Haifa Port. The ship will bring cargo from the UAE to Israel on a weekly basis.
Impact of COVID-19: The COVID-19 pandemic impacted overall supply chain operations in the UAE, with road freight due to sealing of borders and air freight due to flight cancellation being the major sufferers. Moreover, companies have been struggling with employee infections and have been forced to move to a remote working setup, at least for the non-operational staff. The industry is gradually recovering from the transport restrictions. Going forward, pharmaceutical logistics will play an important part in distribution of the COVID-19 vaccine, once it is ready and is hence expected to lead vertical market growth in the future. The demand for essentials and daily usage consumer products went up during the lockdown period, and is expected to continue to grow, as the retail segment looks to be the highest contributing vertical to logistics in the UAE.
Freight Forwarding is expected to be Lead Contributor: While the UAE Logistics industry is composed of different service segments such as Freight Forwarding, Warehousing, Express Delivery and Value Added Services, it is the Freight Forwarding Segment that is expected to continue being the leading segment in the future. Express market segment is identified to grow at the fastest pace, due to growth in e-commerce deliveries and companies.
Technological Advancement to Drive Growth: Government Initiatives such as Dubai IoT Strategy, Dubai Block Chain Strategy, Introductions of drones for last-mile delivery, UAE National AI Program, Smart Dubai 2021, Dubai 3D printing Strategy, Dubai Data Initiatives and National Innovation Strategy will revolutionize the logistics and warehousing market of UAE.
Analysts at Ken Research in their latest publication “Competition Benchmarking of Top Logistics Players in UAE in Transportation, Warehousing, 3PL, International Express, Domestic Express, Automotive, Pharma, Oil and Gas and Retail Logistics“ observe that the UAE Logistics Market is expected to grow at a decent pace, backed by upcoming new businesses in the country along with the favorable position of the country as a logistics and trans-shipment hub globally. The Logistics Market in UAE is expected to grow at a CAGR of 3.9% from 2019 to 2025, in terms of revenues. The rescheduled Expo 2020 would also play a part in growth of the industry during the early period.
Key Target Audience: –
- 3PL Logistics Companies
- Integrated Logistics Companies
- E-Commerce Companies
- Oil & Gas Companies
- Retail Companies
- Pharmaceutical Companies
- Logistics/Supply Chain Industry Associations
Time Period Captured in the Report:-
- Historical: 2015 to 2019
- Future: 2019 to 2025
Companies Mentioned:-
- Kuehne + Nagel
- Agility
- Emirates Post
- Al-Futtaim Logistics
- DB Schenker
- DHL
- FedEx Express
- UPS
- Allied Transport
- Freightworks
- Zajel Courier Services
- Time Express
- Bollore Logistics
- Danzas AEI
- Mohebi Logistics
- Hellmann Worldwide Logistics
- Tristar
- Gulf Agency Company
- CEVA Logistics
- ATS
- Skynet
- Sky Express
- Avalon General Land Transport
- GSL (Global Shipping and Logistics)
- RSA Global
- Roadlink Transport
- Al Mujarad Transport
Key Topics Covered in the Report:-
- UAE Logistics Industry Overview
- UAE Logistics Industry Market Size by Sub-Service, 2015-2025
- UAE Logistics Industry Market Size by Vertical, 2015-2025
- UAE Logistics Sub-Service Market Segmentation by End User Verticals, 2019-2025
- UAE Warehousing Market Segmentation by Type of Warehouses, 2019
- Competitive Landscape including Major Players in each Service Segment, 2019
- Competitive Landscape including Major Players in each Vertical Segment, 2019
- Cross-Comparison of Major Freight Forwarding and Express Players, 2019
- Company Profiles of Major Players in each Segment
- Major Trade Lanes for Land Freight, Sea Freight, Air Freight and International Express, 2019
- Pricing Analysis for Major Players by Service Mix, 2019
- UAE Logistics Industry
- UAE Freight Forwarding Industry
- UAE Warehousing Industry
- UAE Express Delivery Industry
- UAE Land Freight Market Size
- UAE Sea Freight Market Size
- UAE Air Freight Market Size
- UAE Domestic Express Market Size
- UAE International Express Market Size
- Express Delivery Players UAE
- E-Commerce Logistics UAE
- Freight Forwarding Players UAE
- Warehousing Players UAE
- Air Freight Trade Lanes UAE
- Cold Chain Market UAE
- Retail Logistics Market UAE
- Oil & Gas Logistics Market UAE
- Pharmaceutical Logistics Market UAE
- UAE Logistics Market Future Outlook
- Warehousing Space UAE
- Major Companies UAE Retail Logistics
- Major Companies UAE Pharma Logistics
- Major Companies UAE Oil & Gas Logistics
- Major Companies UAE E-Commerce Logistics
- Major Companies Land Freight UAE
- Major Companies Sea Freight UAE
- Major Companies Air Freight UAE
- Major Companies Warehousing UAE
- Major Companies Domestic Express UAE
- Major Companies International Express UAE
For More Information on the research report, refer to below link:-
Related Reports:-
The market showcased a volatile growth trajectory. Dry logistics revenue declined at a CAGR of single digit CAGR during 2015-2019 due to oil price shock further leading to an economic slowdown during 2016-2017 periods. Saudi Arabia is located at the crossroads of significant international trade route that connects Asia, Europe and Africa. This strategic location provides the Kingdom with a unique advantage over other nations thus, enabling it to become a leading regional logistics hub. In April of 2016, Saudi Arabia announced its Vision 2030 which includes transforming the Kingdom into a preferred logistics hub. It is making continuous efforts to make imports and exports processes more streamlined. Additionally, government is restructuring the regulations and structures logistics sector government and opening the way for market liberalization and private sector participation. Expansion of industrial cities continues to offer opportunities for foreign investors towards developing the non-oil manufacturing base, warehousing & logistics segments. For instance, Pfizer opened a manufacturing facility in the King Abdullah Economic City in the year 2017. Non-oil manufacturing growth is facilitated by launch of National Industrial Development and Logistics Program (NIDLP) in Jan 2019 by KSA government. Various companies are investing in Special bulk trucks and heavy lift movements to diversify their Revenue streams and Operations. For instance, Bahri launched new dry-bulk carrier ‘Sara’ & increased their total fleet of dry-bulk carriers to 6 ships in KSA.
Philippines Logistics Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, Investments in Bridges to promote Inter-island transportation through RORO, and development of ports both by the government and with Public-Private Partnerships. The Current logistics cost comprise 27.16 % of sales in the Philippines which is very high in comparison to other SEA countries. The influx of foreign players, increasing consolidation, Green freight policies by the Government, and investing in innovative technologies has stimulated the growth in the market.
India has been ranked at 4th position in the world in railway freight traffic after China, the US, and Russia. Under the land freight corridors, 65% of domestic freight volume carried through the road; high compared to ~50% in developed countries. India Logistics Market has witnessed an average CAGR during FY14-FY19 due to favorable policy reforms from the government, continued investment in infrastructure by both the government and the private sector; the influx of foreign players in the market in recent years, increasing consolidation, and investing in innovative technologies has stimulated the growth in the market.
The Chinese Logistics Market was observed to be in growth stage during the period of 2015-2020 owing to the expanding manufacturing & retail sector, increasing disposable income, growing number of investments and increasing value of exports and imports in the country. The China Logistics Industry has grown at a CAGR of 5.4% on the basis of revenue. The market is booming owing to increasing infrastructure investment, rising digital innovations and growing logistic demand in China. The freight forwarding sector is the leading segment towards the revenues of the logistics industry, followed by courier & parcel activities and warehousing. Value Added services also contribute a significant proportion to the overall logistics market in China.
More Logistics Research Reports: – https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/SC-100-45.html
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