UAE Contract Logistics Market Market Size (2024 - 2029)

UAE Contract Logistics Market Analysis

The United Arab Emirates (UAE) Contract Logistics logistics market was estimated at USD 1950 Million in 2022, and it is projected to grow at a CAGR of 6% during the forecast period. The need for logistics services has significantly increased as a result of the fast-paced modernization and expansion of the United Arab Emirates economy.

• The United Arab Emirates has concentrated on enhancing its trade agreements to increase the degree of trade and economic cooperation through the laws in effect in each nation, diversify the economy's sources, and promote sustainable growth.
• Over 1,500 American companies operating across the Middle East, Africa, Europe, and Asia have their worldwide headquarters in the United Arab Emirates (UAE), which has been the leading market for American exports to the Middle East and Africa for the past 12 years.
• The UAE has a vibrant economy that is diversifying as it works to become a knowledge economy during the coming ten years. The UAE is a desirable market for American exporters due to its openness to international trade and advantageous location as a gateway to the region, which opens up commercial prospects.
• The pandemic delivered the UAE economy a double blow, greatly harming the non-oil sector, which was reliant on commerce, tourism, and aviation, and lowering oil prices and lowering the country's oil profits. Amid this upheaval, UAE officials are enacting major reforms to entice investment and seize first-mover advantages in several industries.
• Governments at the national and emirate levels make significant investments to diversify and expand the economy.
• The UAE has resources, without the structural liabilities some of its neighbours must bear, to assist it navigate the volatile oil market and other issues, with oil reserves and sovereign wealth funds estimated at over USD 1.3 trillion. The UAE wants to grow as a centre for regional commerce, logistics, travel, and technology.
• As consumers spend more time purchasing online than in stores, the package that is delivered to their doors is their first direct connection with the brand. The movement of goods depends heavily on the transportation and distribution network, therefore logistics is important.
• Vendors are being compelled by this to provide logistical services to e-commerce businesses. Therefore, the e-commerce sector's explosive growth will also drive up demand for logistics in the UAE.

UAE Contract Logistics Industry Segmentation

Contract logistics refers to outsourcing resource management duties to a third-party company. Contract logistics companies handle a variety of duties including supply chain development and planning, facility design, warehousing, delivery, and distribution, order processing, payment collection, inventory management, and some types of customer assistance.

The report provides a comprehensive background analysis of the United Arab Emirates Contract Logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. Additionally, the COVID-19 impact has been incorporated and considered during the study. The United Arab Emirates Contract Logistics Market is segmented By Type (Outsourced and Insourced), By End User (Manufacturing and Automotive, Consumer Goods and Retail, High-Tech, Healthcare, Pharmaceuticals, Chemicals, Petro Chemicals and Other End Users). The report offers the United Arab Emirates Contract Logistics market size and forecasts in values (USD billion) for all the above segments.