According to a new market research report titled “GCC Warehousing and Distribution Logistics Market Report (2023-2028),” the market is estimated at USD 14.69 billion in 2023. It is expected to register a CAGR of 7.54% during the forecast period. The demand for warehousing is increasing in GCC countries, driven by the growth in the e-commerce sector. Companies are investing in inventory storage and logistics with the support of technological advancements. Overall, the GCC warehousing and distribution logistics market is expecting substantial growth in the coming years, boosted by the increasing interest in warehouse automation systems. The GCC warehousing and distribution logistics market is moderately fragmented and highly competitive. The majority of the market share is held only by a handful of companies, and the competition from global service providers is increasing. Logistics players are focusing on improving operational efficiency and optimizing the performance of assets to stay ahead of the competition. The most significant players in the GCC warehousing and distribution logistics market in 2023 are, DHL Group, Agility Logistics, GWC (Gulf Warehousing Company), DB Schenker Logistics, UPS, Aramex Logistics, Ceva Logistics, Al-Futtaim Logistics and Global Shipping and Logistics.
Comentarios