The Logistics Market in United Arab Emirates is being driven by Growing e-commerce industry
The Logistics Market in United Arab Emirates is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11371.1 million. Blockchain technology, a decentralized and cryptographically secured digital ledger, is revolutionizing the logistics industry in the United Arab Emirates. Each block in this chain contains encrypted information and a pointer to the previous block, ensuring data integrity and transparency. By implementing blockchain technology, logistics operations become more visible, enabling effective product tracking throughout the supply chain. The technology records the involvement of stakeholders and specific product details with each movement, ensuring a secure and tamper-proof record. This enhances efficiency, reduces errors, and builds trust among all parties involved.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
189 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 11371.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.6 |
Key countries |
United Arab Emirates |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The logistics sector in the United Arab Emirates has seen significant growth due to the genesis of e-commerce, tax reforms, and private sector participation. Goods and services, including information, transportation, warehousing, and resources, are in high demand. Supply chain management is crucial, with freight forwarding being a key service mix component. Sea freight and air freight, particularly for perishable items like pharma, are popular mode of transports.
The logistics market in the United Arab Emirates (UAE) is a significant segment of the global air freight and logistics industry. This market encompasses revenue generated by companies offering air freight transportation, courier services, and comprehensive logistics solutions, including package and mail delivery, customs agents, cold storage, and container freight stations (CFS). According to Technavio, the global air freight and logistics market size is determined by the revenues of air freight and logistics service providers. Key growth drivers for this market include the surge in cross-border e-commerce activities, the UAE's strategic location as a global trade hub, and the ongoing expansion of airports and infrastructure development, which enhances connectivity for air freight and logistics operations. These factors contribute to the increasing demand for efficient and reliable logistics services in the UAE.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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