Market Size of qatar freight and logistics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 8.83 Billion |
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Market Size (2029) | USD 12.13 Billion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2023 - 2029) | 5.44 % |
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Fastest Growing by Logistics Function | Courier, Express and Parcel |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Qatar Freight And Logistics Market Analysis
The Qatar Freight And Logistics Market size is estimated at 8.83 billion USD in 2023, and is expected to reach 12.13 billion USD by 2029, growing at a CAGR of 5.44% during the forecast period (2023-2029).
8.83 Billion
Market Size in 2023 (USD)
12.13 Billion
Market Size in 2029 (USD)
4.39 %
CAGR (2017-2022)
5.44 %
CAGR (2023-2029)
Fastest Growing Segment by Mode of Transport
5.20 %
Projected CAGR, Road, 2023-2029
Road transport is the fastest-growing segment by mode of transport in Qatar, driven by the country's growing e-commerce and automotive sectors and upcoming infrastructure projects.
LARGEST CEP SEGMENT BY DESTINATION TYPE
64.84 %
value share, Domestic, 2022
The domestic segment is the largest segment by destination type, supported by the wholesale and retail trade end-user segment, which accounted for a share of 61.3% in 2022.
Largest Segment by End User
23.29 %
value share, Wholesale and Retail Trade, 2022
The wholesale and retail trade is the largest end-user segment, boosted by the retail business in Qatar, which experienced unprecedented growth over the past ten years.
LARGEST WAREHOUSING SEGMENT BY TEMPERATURE CONTROL
92.45 %
value share, Non-Temperature Controlled, 2022
The non-temperature-controlled segment recorded a higher revenue contribution during the review period. However, its percentage share fell from 93.56% in 2017 to 92.69% in 2021.
FASTEST GROWING WAREHOUSING SEGMENT BY TEMPERATURE CONTROL
9.06 %
Projected CAGR, Temperature Controlled, 2023-2029
The temperature-controlled segment is boosted by growing demand for temperature-sensitive products such as pharmaceuticals and frozen food products such as meat.
Gradual economic recovery since 2021 contributed majorly by road freight transport market
- As one of the largest liquefied nitrogen gas (LNG) suppliers globally, the country has supported the growth of the logistics market. The market's growth can be attributed to new expansion plans as the country hosts the 2022 FIFA World Cup. The market is expected to be driven by expanding industrial activities, growing e-commerce and automotive sectors, upcoming infrastructure in the country, and continuous investments by the government to develop logistics infrastructure. In 2020, the transportation and storage sector had a GDP share contribution of around 4.1%, the highest from 2017-2022. The share contribution has reduced to 3% as of 2022.
- After the COVID-19 pandemic-induced lockdown, imports from neighboring countries stopped, and Qatar shifted its focus toward European and Asian countries to meet the import demand. Hence, its logistics sector grew despite the lockdown. However, the annual rate of change in vehicle sales in Qatar in 2020 decreased by approximately 19%. The annual growth rate of vehicle sales in 2013 was about 9.2%. The progressive plans of the Qatari government to develop the country into a new logistical and regional center have supported the growth of the country's logistics market during review period.
- In addition to building stadiums specifically to host World Cup matches, Qatar has been investing in modernizing its infrastructure. The goal of the country is to become a transport hub for a significant portion of the world. The country's top priorities are the development of airports, as well as a more extensive metropolitan network, along with upgraded roadways and emerging cities. In Qatar, World Cup-related infrastructure projects are currently valued at USD 300 billion.
Understand The Key Trends Shaping This Market
