This report focuses on Market status, future forecast, growth opportunity, key market and key players. The Freight and Logistics Market report covers the overall and all-inclusive analysis of the market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Industry Market. The study provides details such as the market share of companies in order to present a broader overview of the key players in the Freight and Logistics Market.
Egypt is evolving as one of the major trading nations, and creates a wide range of opportunities for the logistics service providers. According to World Bank, Egypt has witnessed a huge surge in the logistics performance index (LPI), which improved 13 spots in 2016, from 62nd position in 2014. Many companies plan to shift their production line or expand the existing production line in Egypt. Further, the government aims to make the country a production and distribution hub to serve Europe and the Middle East & Africa, and Egypt Vision 2030 entitled economic development as a major segment, which includes development of the transportation infrastructure. The increasing market penetration of companies and construction activities are expected to create a demand for project and contract logistics.
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Market By Top Leading Players-
Agility Logistics, Ceva Logistics, Hellmann Logistics, DSV, DB Schenker, DHL, Seko Logistics, OOCL Logistics, Emirates Logistics LLC, Dispatch Global Logistics, and EGY logistics
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MARITIME TRANSPORT – AN OCEAN OF OPPORTUNITIES FOR LOGISTICS SERVICE PROVIDERS
Due to its strategic geographic location, Egypt has great access to the Mediterranean Sea on one side and Red Sea on the other, which makes the maritime sector of the country the most important in Africa. Almost 90% of the countrys international trade flow (in terms of volume) occurs through sea transport, which is an effective contribution to the nations economy. Egypt, under the plan Vision 2030, aims to increase the handling capacity of ports to 370 million metric ton by 2030, from 120 million metric ton. Major developments include – the construction of port terminals by Red Sea Ports Authority and the development of Port Said. Moreover, the Suez Canal, which is the artificial waterway, connects the Mediterranean Sea with Red sea. More than 10% of world trade volume happens through the Suez Canal. The Suez Canal tolls are a major source of revenue. Further, Suez Canal Zone is expected to attract ~USD 30 billion in FDI for its infrastructure and logistics hubs in the next five years.
GOVERNMENT DEVELOPMENT PLANS & INITIATIVES – A KEY DRIVER
Owing to the strong trade that takes place throughout the region and proximity to Europe, Middle East, and Asia, Egypt has a robust future in the transportation & logistics segment. For instance, 8-10% of the global cargo passes through the Suez Canal, which creates a huge demand for logistics services, warehousing, and storage operations. Government of Egypt has been undertaking initiatives to make the country a global logistics hub and is encouraging foreign investments in various sectors. Some major transportation development projects were completed in 2017, which include the construction of the 40 km Shubra Banha El road, construction of Benha axis on the Nile within the northern arch of the ring road at a cost of EGP 595 million. Furthermore, new economic ties have been made between Egypt and Saudi Arabia. Both nations proposed to construct the Saudi-Egypt causeway, which costs around USD 3 billion, described as the largest project in the world. This step is expected to increase trading between the nations and support the logistics sector.
Egypt Freight & Logistics Market Key Developments:
June 2018: Kuwaiti logistics giant, Agility, has signed an agreement with Egypts Suez Canal Economic Zone to develop a new logistics hub in East Port Said. The hub will feature latest logistics infrastructure to provide better facilities, like warehousing of raw materials, and distribution chain for imports and exports.
March 2018: Egypts supply minister, Ali Al Moselhi, called for the establishment of new logistics zones and warehouses for the development of internal trade. Since internal trading is anticipated to be promising and profitable, the supply is working on boosting major investment through several measures.
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Key Takeaways from this Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues
─Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Egyptly for the market.
In conclusion, Freight and Logistics market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Freight and Logistics Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.
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