PUBLISHER: Market Research Future | PRODUCT CODE: 1312632
PUBLISHER: Market Research Future | PRODUCT CODE: 1312632
The Middle East & Africa Cargo Transportation Market is consistently growing due to the rapid growth in the infrastructure of the region and increasing consumerism and growth of the e-commerce sector. Furthermore, the growing construction industry in several parts of the Middle East & Africa is likely to drive the region's market throughout the forecast year. Cargo transport is a form of transport that is designed to move goods from one location to another. Cargo transportation is the backbone of the logistics industry and thus plays a very vital role country's overall economic growth.
The Middle East & Africa Cargo Transportation Market is projected to grow at 6.4% CAGR during the forecast period, 2022-2030. In 2021, the Middle East & Africa Cargo Transportation Market was dominated by Saudi Arabia with a 35.0% share, followed by UAE, and Egypt with shares of 18.9%, and 15.5% respectively in the year 2021. The Middle East & Africa Cargo Transportation Market is expected to be driven by rapid development in the infrastructure in the region. However, the high capital investments and maintenance costs will likely restrain the market.
The Middle East & Africa Cargo Transportation Market has been segmented based on type, shipment category, application, and country. Based on type, the Middle East & Africa Cargo Transportation Market has been segmented into Rail Transportation, Road Transportation, Air Transportation, and Sea Transportation. The Sea Transportation segment is estimated to grow at 5.8% during the forecast period, while in 2021, it accounted for 59.1% share.
Based on Shipment Category, the Middle East & Africa Cargo Transportation Market has been segmented into Freight, Parcel, Express, and Others. The Freight segment is expected to grow at 6.1% during the forecast period and it is expected to hold 61.9% of the Middle East & Africa Cargo Transportation Market in the year 2021.
Based on Application, the Middle East & Africa Cargo Transportation Market has been segmented into Construction & Mining, Oil & Gas, Healthcare, Food, and Others. The Oil & Gas segment is expected to grow at 6.1% during the forecast period and it is expected to hold 29.9% of the Middle East & Africa Cargo Transportation Market in the year 2021.
GXO Logistics, Inc., CEVA Logistics, FedEx, DB Schenker, Kuehne + Nagel Logistics, DSV, Geodis, and FM Logistic are some of the key players operating in the Middle East & Africa markets.
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