Essential to every country’s economy is an efficacious transport and logistics segment, which enables commercial activity to flow unobstructed from introduction to consumption. An efficacious transportation system also facilitates admittance to raw materials, services and functioning, all of which are indispensable for the accomplishment of any viable business venture. Egypt’s unique geographic location amalgamated with an expanding infrastructure base is improving the country’s position as a foremost global logistics hub for companies looking to do business in, or trade between, Europe, Asia and Africa.
The logistics market of Egypt has augmented at a CAGR of ~ % during 2012-2017. The market has developed from USD ~ million in 2012 to USD ~ million during 2017. The Egyptian logistics sector incorporates three foremost service mix involving freight forwarding, warehousing and value added services. Freight forwarding is the foremost contributor in the revenues of the industry underwriting the percentage share of ~% in 2017, followed by warehousing (~ %) and value added services (~ %) during 2017. Foremost growth drivers for Egypt logistics market are growing FDI, unique geographic location, along with oil and gas exports to the foreign countries.
According to the report analysis, ‘Egypt Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, by Cold Chain Logistics, by Express Delivery and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) – Outlook to 2022’ states that Egyptian Pharmex Logistics, Agility, Ceva Logistics, National Navigation Company, Egyptair Holding, DB Schenker, DHL Egypt, FedEX Egypt, UPS Supply Chain and among others are the foremost companies which presently working in the Egypt Logistics market more proficiently for keep maintaining the governing position, leading the highest market growth, generating the highest percentage of revenue, obtaining the competitive edge and registering the great value of market share by analysing the strategies and policies of government as well as contenders, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, and spreading the awareness connected to the applications and advantages of logistics.
Egypt Logistics Market is expected to augment at a CAGR of ~% throughout 2018 to 2022 to reach at USD ~ million by 2022. With the growth in the E-commerce industry, retail industry, manufacturing and several other industries in Egypt, the requirement for freight forwarding services will positively augment in forthcoming years. Freight forwarding services and warehousing will underwrite in the complete market of logistics with the share of ~% and ~% respectively throughout 2022.
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When logistics business prolongs and it becomes difficult for 3PL to deliver 100% satisfaction, companies will shift their aim towards 4PL solutions to ease business requirement. This showcases growth in the industry but Egypt doesn’t observe any such trend as 4PL market is very small or negligible across the country. With the introduction of 4PL services in the industry complete market revenues will augment in future.
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