Egypt Logistics and Warehousing Market Growth, Scope, Emerging Trends, Investment Opportunities and Forecast2 2032: SPER Market Research
- March 20, 2023
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The Egypt logistics and warehousing market is predicted to observe sustainable growth in the review period of 2022-2032. The development of the market is primarily ascribed to the growing prevalence of e-commerce industries, surging investments in infrastructure, as well as the rising trades on the Suez Canal, which are some of the predominant aspects that are escorting the growth of the market. These elements have boosted the automotive and transportation sector.
In addition, the expansion of foreign direct investments, upsurge in warehouse automation, and inflation in various industrial activities, together with the encouragement of the government for numerous exports, would propel the growth of the market share of the Egypt logistics and warehousing market. The e-commerce industry is one of the leading aspects that can foster the growth of the market in the upcoming years.
According to the SPER market research, Egypt Logistics and Warehousing Market Size- By Business Model, By Type of Storage, By Contract Type, By End User, By Courier, Express and Parcel Market, By Delivery Time, By Mode of Payment, By Location of Orders, By Third Party Logistics- Regional Outlook, Competitive Strategies and Segment Forecast to 2032, states that the Egypt logistics and warehousing market is projected to reach USD 75.46 billion by 2032 with a growing CAGR of 5.28%.
The Egypt logistics and warehousing market is predicted to enlarge precisely owing to the surging trades over the Suez Canal, as it is covered with three continents, and is known to be the largest shipment trade area around the globe, which escorts the growth of the market. Moreover, it is anticipated that the constant encouragement by the governments for exports has expanded the sales market domestically and internationally, thereby catering to the customers’ requirements and hence is impelling the growth of the market in the upcoming years.
Furthermore, throughout the review period, the research and development activities, numerous product innovations, and various infrastructural evolutions are done by the contributions of the foremost players in collaboration with the manufacturers has brought enormous growth in the developed regions of the market. The existence of imperative market players and continuous support of governments is predicted to underwrite the progress of the revenue share coupled with the speedy growth of the CAGR in the forthcoming years. This trend is expected to escort the growth of the market.
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The Egypt logistics and warehousing market is predicted to hold a high market share and will probably earn a significant CAGR in the upcoming years. The market is projected to drive the automotive and transportation industry due to its modest growth throughout the review period. Moreover, the growing investments in infrastructure, expansion of e-commerce industries, rising GDP, acceleration of warehouse automation, surging foreign direct investments, several market players, upsurge in trades on the Suez Canal, increasing focus of government on exports, enlargement of market domestically and internationally, regular advancements of technology, and well-established infrastructure, are some of the predominant factors that are predicted to foster the growth of the Egypt logistics and warehousing market in the forthcoming years.
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Egypt Logistics and Warehousing Market Share
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SPER Market Research