NEW YORK, Aug. 28, 2023 /PRNewswire/ — According to Technavio, the 3PL market in Egypt is expected to grow by USD 1.30 billion from 2021 to 2026, at a CAGR of 8.39%. The growth is driven by factors such as the increase in maritime transportation, strategic government initiatives to transform Egypt into a global logistics, and the increasing demand from sectors like manufacturing and healthcare. However, the market faces challenges due to high logistics costs, ineffective supply chain management, and underutilization of assets.
Technavio has announced its latest market research report titled 3PL Market in Egypt 2022-2026
3PL market in Egypt: Market Segmentation
The 3PL market in Egypt is characterized by strategic segmentation that illuminates its multifaceted dynamics. This segmentation revolves around two key dimensions: end-users and services.
End-user – Manufacturing, retail, consumer goods, healthcare, and others
Service – Transportation, warehousing and distribution, and others
3PL market in Egypt: Market Driver
The growth of Egypt’s 3PL market is driven by a substantial increase in maritime transportation, facilitated by the nation’s strategic geographical location. With over 90% of foreign commerce relying on maritime transport, the thriving sectors of oil, textiles, food processing, and construction contribute to this growth. The significance of the Suez Canal, responsible for a substantial portion of global marine transportation, positions Egypt as a pivotal manufacturing base for European exports. This increase in marine trade is expected to accelerate the 3PL market’s growth, which will be essential to the nation’s logistical operations and economic viability.
For more insights in the market driver, trends or challenges, download the sample report
3PL market in Egypt: Market Challenges
High logistics costs impede market growth.
The concentration of transportation lines in Cairo and along the Nile causes logistical challenges.
Inefficient supply chain management and asset utilization contribute to elevated expenses.
3PL market in Egypt: Market Companies
The report analyzes the market’s competitive landscape and offers information on major companies, including:
Aramex International LLC
DCM Logistics
Deutsche Post AG
DP World
DSV Panalpina AS
Eastern Logistics
El Nada Co.
Expeditors International of Washington Inc.
FedEx Corp.
Schenker AG
Related Reports:
3PL Market in Singapore: The 3PL market in Singapore is estimated to grow at a CAGR of 6.1% between 2022 and 2027. The size of the market is forecast to increase by USD 1,359.79 million. This report extensively covers market segmentation by service (transportation, warehousing and distribution, and value-added services) and end-user (manufacturing, automotive, consumer goods, food and beverage, and others).
Third-Party Logistics (3PL) Market in Brazil: The third-party logistics (3PL) market share in Brazil is expected to increase by USD 5.22 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5%. The report extensively covers market segmentation by end-user (consumer goods, manufacturing, automotive, and others) and service (warehousing and distribution, transportation, and others).
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SOURCE Technavio