According to IMARC Group’s latest report, titled “UAE Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the UAE Logistics market is expected to exhibit a growth rate (CAGR) of 6.2% during 2023-2028.
Logistics represents the detailed process of managing procurement, storage, and movement of resources from the point of origin to their final destination. It mainly includes numerous services, including inventory management, material handling, inbound and outbound transportation, warehousing, etc. Logistic services aid in maintaining supply chains, improving operational efficiency, reducing overhead transportation costs, etc. These services are widely utilized across various industries, such as manufacturing, healthcare, food and beverages (F&B), FMCG, consumer electronics, etc.
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Market Trends
The expanding e-commerce sector and the increasing number of international trade activities are among the key factors stimulating the UAE logistics market. Moreover, the development of several ports across the country as trans-shipment hubs based on their strategic location between Asia and Europe is acting as another significant growth-inducing factor. Besides this, the growing investments by government bodies in the modernization of the existing seaports, distribution centers, free zones, freight terminals, etc., are bolstering the market growth. Furthermore, the rising integration of logistics with advanced technologies, including AI, IoT, blockchain, etc., is also propelling the market growth across the UAE. Apart from this, the widespread adoption of smartphones, easy access to online shopping platforms among consumers, the introduction of automated material handling equipment, the inflating popularity of global positioning system (GPS)-enabled and radio frequency identification (RFID) based devices are further bolstering the market growth of the country. Additionally, the development of drones and driverless vehicles to improve the time- and operational efficiency of these services is expected to fuel the UAE logistics market over the forecasted period.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of model type, transportation mode, end use and emirates
Breakup by Model Type:
Breakup by Transportation Mode:
Breakup by End Use:
Breakup by Emirates:
Key highlights of the report:
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