Egypt Logistics Market Poised for Takeoff: $52.6 Billion Boom by 2027 Fueled by Trade & E-commerce: Ken Research
GURUGRAM, India , Feb. 15, 2024 /PRNewswire/ -- Buckle up, logistics enthusiasts! Egypt's dynamic logistics market is soaring to new heights, fueled by a booming economy, strategic location, and the ever-expanding e-commerce sector. Ken Research's "Egypt Logistics Market Analysis" report predicts a remarkable 7.8% CAGR, translating to a staggering $52.6 billion market size by 2027. This press release unlocks the key drivers, challenges, and exciting prospects shaping this vibrant landscape.
https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg
Market Overview: Connecting Continents, Powering Progress
Beyond the physical movement of goods, Egypt's logistics market plays a pivotal role in regional and global trade, supporting economic growth and diversification. In 2022, the market reached a size of $34.2 billion, and it's poised for exponential growth, driven by:
-- Strategic Location: Positioned at the crossroads of Africa, Asia, and
Europe, Egypt offers unparalleled connectivity to key markets, boosting
its role as a global trade hub.
-- Economic Diversification: The shift towards non-oil sectors like
tourism, manufacturing, and technology is stimulating logistics demand
across various industries.
-- E-commerce Surge: Egypt's booming e-commerce market, with one of the
highest adoption rates in Africa, demands efficient and reliable
last-mile delivery solutions.
-- Government Initiatives: Vision 2030 and Suez Canal Axis development plan
emphasize infrastructure development and technological advancements,
fostering a supportive environment for the sector.
Interested to Know More about this Report, Request a Free Sample Report
Market Segmentation: A Diverse Landscape of Services
The report delves into the diverse segments of the Egyptian logistics market, offering a comprehensive view:
-- Transportation: Road transportation dominates (60%), followed by
maritime transport (25%) and airfreight (15%). Multimodal solutions are
gaining traction.
-- Logistics Services: Third-party logistics (3PL) providers hold the
largest share (65%), followed by warehousing and storage (20%) and
freight forwarding (15%).
-- End-User Industry: Retail & e-commerce leads the demand (30%), followed
by construction & building materials (25%) and oil & gas (20%).
Healthcare and manufacturing are emerging segments.
Competitive Landscape: Global Giants & Local Champions
The market features a blend of established global players, regional leaders, and innovative startups:
-- Global Titans: DP World, DHL, and FedEx hold significant market share
with their extensive networks and global expertise.
-- Regional Powerhouses: Aramex and Agility Logistics excel in the Middle
East and North Africa region, offering customized solutions.
-- Emerging Innovators: Local startups like Fetchr and TrukTruk are
leveraging technology and focusing on niche segments like express
delivery and on-demand trucking.
Challenges: Navigating the Roadblocks to Growth
Despite the promising outlook, some challenges need to be addressed:
-- Infrastructure Gaps: While significant infrastructure investments are
underway, bottlenecks in warehousing capacity and last-mile connectivity
persist.
-- Skilled Workforce Shortage: Attracting and retaining qualified personnel
across the logistics value chain remains a challenge.
-- Competition & Price Pressure: Intense competition can lead to price
wars, impacting profitability, especially for smaller players.
-- Technological Disruption: Rapidly evolving technologies like automation
and artificial intelligence require continuous adaptation and
investment.
Visit this Link :- Request for custom report
Future Outlook: A Brighter Tomorrow Fueled by Innovation
The Egyptian logistics market is poised for continued growth, driven by several exciting factors:
-- Technological Advancements: Adoption of AI, blockchain, and automation
will enhance efficiency, transparency, and customer experience.
-- Focus on Sustainability: Green logistics initiatives and eco-friendly
solutions will gain traction, attracting environmentally conscious
clients.
-- Regional Integration: Growing partnerships and trade agreements within
the Arab world and wider region will create new opportunities.
-- Government Support: Continued investments in infrastructure and policies
promoting innovation will solidify Egypt's position as a global
logistics hub.
Key Takeaways for Stakeholders:
This report offers valuable insights for various stakeholders in the Egyptian logistics market, including:
-- Logistics Companies: Identifying high-growth segments, adopting
innovative technologies, offering value-added services, and focusing on
sustainability practices.
-- Investors: Understanding market trends, assessing investment
opportunities in promising segments like e-commerce logistics and
technology startups.
-- Policymakers: Formulating policies that address infrastructure gaps,
promote skilled workforce development, and create a competitive yet
sustainable market environment.
-- Clients & Consumers: Gaining insights into the diverse range of
logistics services available, choosing the right providers based on
their needs, and benefiting from improved efficiency and affordability.
Conclusion: Building a More Connected and Efficient Logistics Ecosystem
Egypt's dynamic logistics market stands poised for a remarkable journey, fueled by its strategic location, booming e-commerce sector, and a commitment to economic diversification. By embracing technological advancements, fostering collaboration between established players and innovative startups, and addressing key challenges like infrastructure gaps and skilled workforce shortages, the sector can unlock its full potential. This will not only benefit businesses and investors but also empower communities across the nation, ensuring seamless access to goods and services, regardless of location. Ultimately, navigating these opportunities and overcoming challenges will determine whether Egypt's logistics market can truly solidify its position as a regional and global trade hub, connecting continents and propelling the nation towards a more prosperous and connected future.
Request free 30 minutes analyst call
Taxonomy
Egypt Logistics Market Segmentation
By Service Mix
Freight Forwarding
Warehousing
Courier, Express Parcel Market
Value Added Services
Egypt Freight Forwarding Market Segmentation
By Mode of Transport
Sea
Road
Air
Rail
By type of Freight End Users
Retail
Automobile
Pharma
Others
Egypt Warehouse Market Segmentation
By Business Model
Industrial/Retail Warehouses
CFS/ICD Warehouses
Cold Storage
Agriculture and Other Warehouses
By End-Users
Retail including Garments, Cosmetics
Automotive & Engineering
E- Commerce
Pharma/ Healthcare
Others
Egypt CEP Market Segmentation
By Domestic/ International Shipments
Domestic Shipment
International Shipment
By End-Users
E-Commerce
Retail
Others
For More Insights On Market Intelligence, Refer To The Link Below: -
Related Reports by Ken Research: -
Market Size of Vietnam Logistics is expected to show increasing trend from 2022 to 2027. This is owing to rising economy, adoption of e-commerce, China plus one strategy and initiatives by the government. Also, development of roads across Vietnam for better connectivity under Vision 2030 is expected to add to the efficiency of logistic related operations.
According to Ken Research estimates, the Market Size of Indonesia Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2027 at CAGR of 10%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.
According to Ken Research estimates, the Market Size of KSA Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2026 at CAGR of 5.7%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.
According to Ken Research estimates, the Market Size of Singapore Logistics has shown increasing trend from 2019 to 2022. The Singapore logistics sector supports the second-largest economy on the continent, and is relatively sophisticated. Local and international companies use Singapore as gateway for their operations into Africa. The logistics operators are making significant investments in automation and digitalization in order to address security concerns, improve loss prevention as well as efficiency.
Follow Us -
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249
Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/egypt-logistics-market-poised-for-takeoff-52-6-billion-boom-by-2027-fueled-by-trade--e-commerce-ken-research-302063062.html
SOURCE Ken Research
