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Description
Middle-East And Africa Freight Trucking Market size is predicted to reach US$ 35,534.9 million by 2028 from US$ 20,075.8 million in 2021 at a 10.0% CAGR during forecast period 2022-2028. The Middle-East & Africa market report provides a comprehensive outlook on Freight Trucking with specific focus on key region such as Middle East and Africa. The report on Middle-East & Africa market gives historical, current, and future market size (US$ Mn) based on cargo, type, product, end user industry, and geography. This study analyses the Middle-East & Africa market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges/unmet needs to the key stakeholders operating in the market. In addition, PBI has analyzed the Middle-East & Africa market to better equip customers with possible investment opportunities across region and customer unmet needs. In 2021, Dry/Bulk Goods segment is estimated to attain major market share of x% in the Middle-East & Africa Freight Trucking market. Temperature Controlled Goods segment is anticipated to show the highest growth rate from x% to x% during forecast period 2021-2027 owing to demand for pharmaceutical, healthcare products, and temperature-controlled food/FMCG products. In 2021, Flatbed Truck is estimated to occupy the largest market share of x%. Closed Box & Refrigerated segment is anticipated to show the highest growth rate from x% to x% during forecast period 2021-2027 due to growing demand for food, pharma, healthcare products and other special chemical products, which require closed environment and refrigeration during transportation. In 2021, Full Truck Load (FTL) segment is estimated to gain the largest market share of x% and Low To Medium Truck Load (LTL) segment is anticipated to show the highest growth rate from x% to x% during forecast period 2022-2028, which can be due to growing development of rail networks, which decline the need of FTL transportation and expected to favors the growth of LTL transportation over the coming future. In 2021, Consumer Goods segment is estimated to gain the largest market share of x% and this segment is anticipated to show the highest growth rate from x% to x% during forecast period 2022-2028, which can be due to increasing demand for consumer goods coupled with rapid development of e-commerce sector in the MEA region.
Key Market Developments:
In Mar 2022, Allied Permits specializing in providing fuel and trip permits for the transportation industry announced that they have expanded its operations to the state of Michigan. Without requiring trucks to register in every region, these agreements ensure that each state or municipality receives its fair portion of registration and fuel tax. Without requiring trucks to register in every region, these agreements ensure that each state or municipality receives its fair portion of registration and fuel tax.
In Oct 2017, ATS World Launched DH20M Warehouse In Jafza. It provides a wide range of value-added services, including distribution and cross-documentation, to suit a wide range of customer needs while adhering to international standards.
