Moving and managing items from one place to another is referred to as logistics and warehousing. It involves a number of procedures, including information sharing, inventory management, storage, organized, coordinating, and carrying out the complete transportation. In order to facilitate the effective movement of commodities both inside and outside of its boundaries, the Middle East and Africa region is home to a wide variety of transportation options, including air, sea, rail, and road. It includes organizing, coordinating, and carrying out the complete movement procedure.
Middle East and Africa Logistics and Warehousing Market Driving Factors and Challenges
Driving Factors: A number of variables work together to drive the logistics and storage sector in the Middle East and Africa. One important factor is the region's e-commerce's fast expansion, which necessitates the construction of contemporary warehouse facilities to accommodate the influx of online orders. Governments in both areas are investing in ports, highways, and transportation networks as a result of realizing the need of logistical infrastructure for economic growth. Furthermore, logistics organizations are adopting automation technology like warehouse robots due to an increasing emphasis on accuracy and efficiency. Eco-friendly activities are also being driven by concerns about sustainability, as businesses are investing in electric cars and renewable energy for warehouses.
Challenges: There are numerous obstacles in the Middle East and Africa's logistics landscape. Inadequate road networks and storage facilities are two examples of poor infrastructure that impedes effective transportation and storage. Cross-border trade inside Africa is complicated by fragmented legislation across borders. High logistics costs and a lack of competent workers are other ongoing problems. Supply chains in some regions are disrupted by political instability, even with government attempts. These obstacles can increase the cost of the end product for customers and make it harder for businesses to run effectively.
Impact of COVID-19 on Middle East and Africa Logistics and Warehousing Market
The logistics and warehousing industry in the Middle East and Africa were affected by COVID-19. The first lockdowns disrupted the supply chain and reduced demand. But e-commerce took off later, necessitating the need for contemporary warehouse facilities. Automation in warehouses was driven by the demand for effective delivery options, even while traditional logistics encountered difficulties. Ultimately, the influence of COVID changed the business, emphasizing technology developments for future resilience and e-commerce fulfilment.
Middle East and Africa Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Agility Logistics, Al-Futtaim Logistics, Almajdouie Logistics, Aramex, Bolloré Transport & Logistics, CEVA Logistics Middle East, DHL Global Forwarding, Gulf Warehousing Company (GWC), Imperial Logistics, Others.
Middle East and Africa Logistics and Warehousing Market Segmentation:
By Mode of Service: Based on the Mode of Service, Middle East and Africa Logistics and Warehousing Market is segmented as; Air Freight, Rail Freight, Road Freight, Sea Freight.
By Mode of Freight: Based on the Mode of Freight, Middle East and Africa Logistics and Warehousing Market is segmented as; Domestic Freight Forwarding, International Freight Forwarding.
By Business Model: Based on the Business Model, Middle East and Africa Logistics and Warehousing Market is segmented as; Cold Storage, Container Freight/Inland Container Depot, Industrial/Retail.
By Type of Warehouse: Based on the Type of Warehouse, Middle East and Africa Logistics and Warehousing Market is segmented as; Closed Warehouses, Cold Storage, Open Yards.
By Region: This research also includes data for Kingdom of Saudi Arabia, United Arab Emirates, Qatar, South Africa, Egypt, Morocco, Nigeria, Rest of Middle East and Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.