(UAE) Third-Party Logistics (3PL) Market to Eyewitness Massive Growth by 2026| Deutsche Post DHL Group, FedEx, Al Hilal Transporting and Contracting Company, RAK Logistics, Emirates Logistics LLC

Latest research on (UAE) Third-Party Logistics (3PL) Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the (UAE) Third-Party Logistics (3PL) market. This report included a special section on the Impact of COVID19. Also, (UAE) Third-Party Logistics (3PL) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the (UAE) Third-Party Logistics (3PL) industry.

(UAE) Third-Party Logistics (3PL) market is growing at a CAGR of 8.5% during the forecast period (2021-2026).

The (UAE) Third-Party Logistics (3PL) market is highly competitive and consists of a number of major players. Top Companies like Deutsche Post DHL Group, FedEx, Al Hilal Transporting and Contracting Company, RAK Logistics, Emirates Logistics LLC, The Kanoo Group, Kuehne + Nagel, Agility Logistics, Hellmann Worldwide Logistics, United Parcel Service Inc., Geodis, Al-Futtaim Logistics, CEVA Logistics*

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Scope of the Report

Dubai has established itself as the main hub of the global logistics network, making it one of the critical nodes of the global supply chain. The logistics market of United Arab Emirates has evolved in a way that most of the work in the logistic sector is being outsourced at a cheaper price without compromising the quality of the work or time.

The sectors like manufacturing, IT and agriculture are growing at a significant pace in the economy expecting to further drive the developments in the logistics sector.

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Key Market Trends

Government initiatives to promote trade in the country

UAE transport infrastructure investments are focused on the development of rail network, expansion of airports and seaports, technologically advanced infrastructure such as Hyperloop, active participation in China's belt and road initiative which is expected to push the logistics sector of the economy. The US-China trade war is expected to benefit UAE in terms of unaffected oil demand and the country is posed to be the best alternative for the Chinese products that are currently supplied in the US. This will accelerate the FMCG and retail sector leading to an increase in demand for advanced, updated and complex logistics solutions.

Additionally, the UAE E-Commerce market, given the current situations, is expected to grow by more than 15% through the forecast period backed by the economic diversification, increasing digitalization, expected rise in manufacturing industries and rising purchasing power of the population in UAE.

UAE government is also taking up initiatives to promote trade and economic diversification through EXPO 2020, free trade agreements, change in foreign ownership rule for some sectors and development of free zones near airports and seaports; expecting to allure foreign investors to set up manufacturing industries in UAE.

Manufacturing sector - vital for the growth of logistics in the country

The diversification of the UAE economy is important based on a number of reasons, with the fundamental one being that the major part of the UAE economy is only a finite source. Manufacturing is already the second most powerful growth driver bringing in 10% of the GDP annually. The UAE has committed to reducing the dependence of its economy on the oil sector which is expected to come down in the coming decade.

The expanding manufacturing sector would increase the FDI into the UAE not only supporting the manufacturers but also the tertiary and service-based business of the country. The logistics sector will be particularly in gains with the increase in exports from the country. The rising consumer expectations are also forcing the companies to respond much quicker to the client’s demands. As per the industry experts, the UAE market needs to export more in order to grow more; about 67% of the SMEs of the country are focusing on the export market more than the home market. This, along with the increasing technological innovations, represents a phenomenal opportunity to reduce the complexity in logistics and reduce the costs.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: (UAE) Third-Party Logistics (3PL) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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