Qatar Logistics & Warehousing Market Shift in Demand During COVID 19

Overview

Executive Summary

Market Performance
Qatar logistics & warehousing market enjoy a strong performance driven by its geographic location and hub of crude oil production and exports. Also due to low volume of food production in the country import plays a significant role. In 2019 Qatar logistics & warehousing market recorded revenues of USD 22,462 million however impact of novel coronavirus that hit world economy in 2020 is expected to leave a short-term impact over the Qatar logistics & warehousing market by registering CAGR of 16.37% during 2020-2015 as compared to CAGR of 20.8% during 2015-2019.

Qatar's logistics market has been growing steadily over the past five years. As the country hosts the 2022 FIFA World Cup, the market's growth can be attributed to new expansion plans. Qatar's warehousing industry has developed rapidly in the past few years. 

Freight Forwarding Plays an Important Role
Logistics/freight forwarding is a dominant segment with a strong hold of transportation by ports followed by Air freight holding second largest share while land freight account for the least share in the market. Retail & FMCG segments account for driving force for warehousing market in the country.

Although warehousing accounts for a smaller share in the market but expanding E-commerce sector has given a push to advanced warehousing facilities in the country. Qatar has a high dependency over imports for food items that uplifted the warehousing industry and the need for technologically advanced warehouses and cold storages. 

Government Initiatives to Boost Industry Performance
GCC free trade agreement has been a strong boost to the economy so far and is expected to continue to be a major driver of the economy and industries that has led industries to expand and attract FDI by leveraging E-commerce growth.  GCC free trade agreement provide duty free access to all goods produced in the GCC States, on the condition that the product meet the guidelines.

The Hamad Port contributes for more than 15 direct shipping lines, and it also connects with 40 different ports across 3 continents. With a current yearly cargo capacity of 2 million TEU, it currently controls 27% of trade in the GCC region, but it has huge capacity to expand provided it is still undergoing construction. 

Scope of the Study
The synopsis presented has been derived from the report titled “Qatar Logistics & Warehousing Market – Shift in Demand During COVID-19” published by Makreo Research and Consulting Firm. The report provides a holistic perspective of past, present and future market performance. The report provides a comprehensive analysis of the logistics and warehousing market covering mode of transportation such as Sea freight, Air Freight and Land Freight. Report also decodes market by domestic and international freight and by speed of delivery including normal and express delivery. The report presents an assessment of future expected performance of the industry and assesses players' performance during the review period. 

Key Players covered
The key players covered in this report are:

•     Gulf Warehousing Company
•     Aramex
•     Qatar Logistics
•     Dalsey, Hillblom and Lynn (DHL)
•     Gulf Agency Company (GAC)
•     Bin Yousef cargo

Key Questions Answered

• How Qatar economy is shaping up and what are the key investment opportunities?
• To evaluate Qatar Logistics Market performance which aggregates Freight Forwarding, Warehousing, Value Added Services and Cold Chain Market.
• What are the major market drivers and challenges present in the industry?
• Evaluate future prospects by evaluating the trends in the market. 
• What are the business practices adopted by the major players and how their business is performing?
• What is the expected Impact of COVID-19 over the industry demand and supply?
• To study Comparative analysis of Qatar with other GCC nations.
• Study Economy performance of Qatar along with technological developments and infrastructure changes.