GCC Warehousing and Storage Market Outlook
According to the report by Expert Market Research (EMR), the GCC warehousing and storage market size is projected to grow at a CAGR of 7.1% between 2024 and 2032. Aided by the escalating demand for efficient logistics solutions amid a burgeoning e-commerce sector and diversified economic activities, the market is expected to grow significantly by 2032.
The GCC warehousing and storage sector encompasses a wide array of services, including inventory management, loading and unloading, order fulfilment, and distribution across various industries such as retail, manufacturing, and food and beverages. The strategic geographic location of the GCC countries, serving as a nexus between East and West, further amplifies their role in international trade and logistics.
The GCC warehousing and storage market growth is propelled by several key drivers. The surge in e-commerce has significantly increased the demand for warehousing solutions, as businesses seek to optimise their supply chains and ensure timely delivery of goods to consumers. This growth is further supported by the digital transformation of the logistics sector, incorporating advanced technologies such as the Internet of Things (IoT), robotics, and artificial intelligence (AI) to enhance operational efficiency and reduce costs.
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Additionally, governmental initiatives aimed at economic diversification away from oil dependency have led to increased investment in infrastructure development, including logistics parks and free zones, which are crucial for the warehousing and storage industry. The rise in international trade, facilitated by free trade agreements and the strategic geographical positioning of the GCC countries, also contributes to the GCC warehousing and storage market demand.
The adoption of advanced technologies such as automated storage and retrieval systems (ASRS), drones for inventory management, and blockchain for supply chain transparency presents another opportunity for the market to enhance efficiency and competitiveness.
The GCC warehousing and storage market outlook is being influenced by the continued growth anticipated as the region cements its position as a global logistics hub. The ongoing digital transformation, coupled with investments in infrastructure and technology, is expected to drive further innovations and efficiency improvements in warehousing and storage services.
As the e-commerce sector continues to flourish, the demand for sophisticated warehousing solutions that support fast and flexible delivery options will increase. Moreover, the push towards economic diversification in the GCC countries is likely to spur further investment in non-oil sectors, including logistics and warehousing, thus fuelling the market’s growth.
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GCC Warehousing and Storage Market Segmentation
The market can be divided based on type of warehouse, ownership, end use, and country.
Market Breakup by Type of Warehouse
- General Warehousing and Storage
- Refrigerated Warehousing and Storage
- Farm Product Warehousing and Storage
Market Breakup by Ownership
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Market Breakup by End Use
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverage
- IT Hardware
- Healthcare
- Chemicals
- Others
Market Breakup by Country
- Saudi Arabia
- Kuwait
- United Arab Emirates
- Qatar
- Bahrain
- Oman
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the GCC warehousing and storage market. Some of the major players explored in the report by Expert Market Research are as follows:
- DHL Saudi Arabia
- Gulf Warehousing Company
- Anglistics Logistics Saudi Arabia
- AL Futtaim Logistics
- Diggipacks
- Almajdouie Logistics
- Aramex Group
- Tachyon
- Others
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