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Based on Technavio's market sizing methodology, the 3PL market share in Egypt is predicted to surge to USD 1.30 billion from 2021 to 2026 at a CAGR of 8.39%.
This 3PL market in Egypt research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The 3PL market in Egypt report offers information on several market vendors, 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., and Schenker AG among others.
This report further entails 3PL market in Egypt segmentations, including:
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The increase in maritime transportation is notably driving the 3PL market growth in Egypt, although factors such as high logistics costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3PL industry in Egypt. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 3PL Market Driver in Egypt
One of the key factors driving growth in the Egypt 3PL market is the increase in maritime transportation. Egypt's geographical location, with access to the Mediterranean Sea on one side and the Red Sea on the other, makes the marine industry one of the country's most vital transportation industries. Maritime transport accounts for over 90% of the country's foreign commerce flow (in terms of volume). The expansion of important sectors such as oil and natural gas, textiles, food processing, and construction is assisting in the growth of the maritime transport industry. With around 8.0% of the world's marine transportation passing through the Suez Canal each year, and a rising number of foreign enterprises from India, China, Turkey, and Spain, Egypt is being used as a manufacturing base for exports aimed at the European market. Egypt's logistics and transportation business is becoming increasingly important in international trade. This, in turn, will drive the Egypt 3PL market growth during the forecast period.
Key 3PL Market Trend in Egypt
The government plans is another factor supporting the Egypt 3PL market share growth. In recent years, Egypt's traffic has surged due to the country's rapidly rising population and the increasing number of automobiles. Cairo, the country's capital, is notorious for its high traffic congestion. Egypt's transportation and logistics industries have a bright future because of their closeness to Europe, the Middle East, and Asia. The trade throughout the country creates a high demand for logistics and warehousing services. The Egyptian government has been implementing steps to reduce traffic and turn Egypt into a worldwide logistics center, therefore promoting foreign investment.
Key 3PL Market Challenge in Egypt
The high logistics cost will be a major challenge for the Egypt 3PL market during the forecast period. Most of the transportation lines are focused in Cairo and follow the Nile's settlement patterns. Inland water connections and a comparably excellent rail network help to sustain the transportation network to a large degree. Egypt's ports are strategically located, making them essential in the marine transport sector. Despite having superior logistics and transportation facilities than much of the rest of North Africa, Egypt nevertheless has high logistics expenses. Compared to wealthy countries such as the US, this proportion is quite high. The lack of insight into the supply chain, incorrect asset use, and inefficiency in logistics operations all contribute to the country's high logistics expenses. Such factors will hamper the Egypt 3PL market growth during the forecast period.
This 3PL market in Egypt analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the 3PL market in Egypt as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3PL market in Egypt during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the 3PL market in Egypt encompasses successful business strategies deployed by the key vendors. The 3PL market in Egypt is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 3PL market in Egypt forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 3PL market in Egypt, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the air freight and logistics market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The 3PL market in Egypt share growth by the manufacturing segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the 3PL market in Egypt size and actionable market insights on post COVID-19 impact on each segment.
3PL Market Scope in Egypt |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.39% |
Market growth 2022-2026 |
$ 1.30 billion |
Market structure |
Concentrated |
YoY growth (%) |
7.71 |
Regional analysis |
Egypt |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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., and Schenker AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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