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
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
Oil & Gas Companies
Logistics/Supply Chain Industry Associations
Time Period Captured in the Report:-
Historical: 2015 to 2019
Future: 2019 to 2025
Kuehne + Nagel
Zajel Courier Services
Hellmann Worldwide Logistics
Gulf Agency Company
Avalon General Land Transport
GSL (Global Shipping and Logistics)
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
For More Information on the research report, refer to below link:-
Philippines Logistics Market Outlook to 2024– By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)
Ankur Gupta, Head Marketing & Communications