Bahrain Transportation & Logistics Industry Experiences Sharp Decline in GVA Despite Positive CAGR

BAHRAIN, Bahrain - Dec. 24, 2022 - PRLog -- Bahrain Transportation & Logistics Industry
Bahrain transport and logistics market is witnessing string growth momentum owing to its geographic location and connected transportation infrastructure that makes it simple to access the other parts of  GCC region mainly via air and sea. The transportation and logistics sector has a long history in Bahrain as country is known as commercial hub.

Bahrain Logistics Industry Growth Outlook
Bahrain's varied economy and steadfast government efforts to engage in significant infrastructure projects are driving this industry. The industry offers affordable distribution and fulfilment options because the Kingdom has the lowest setup, operation, and port fees. Makreo Research in its latest study," Bahrain Logistics Market Future Outlook to 2027 – Market Segmentation by Mode of Transportation, In-bound and Out-bound Logistics, By Industry", identified that in 2021 Bahrain Transportation and logistics market registered yearly growth of  12%-14%, and it is expected to grow at a CAGR of 4% from 2022-2027, generating a market revenue of more than USD 4.5 billion.

Further Key Findings of Bahrain Transport and Logistics Market
§  Supply Chain: The management of logistics has significantly improved as a result of increased usage of supply chain optimization platforms, including automation, system and data integration, additional resources for workers, and expanded supply chain visibility.

§  AI an Emerging Platform: In the logistics business, artificial intelligence is becoming increasingly important. From predictive analysis tools to autonomous trucks and robot control, the principles of this technology are transforming the whole logistics scene.

§  Declining Unemployment Rate: In Bahrain, the unemployment rate dropped from 5.75% to 3.86% in 2021.In Bahrain, the unemployment rate has historically ranged between 0.830% in 1993 and 4.09% in 2020.

§  E-commerce Boom Increases Bahrain's Need for Warehouses: There is a huge demand for warehouse space in Bahrain as a result of the pandemic-driven increase in online sales, which has caused businesses to scramble for locations to store and distribute items to customers.

Key Topics Covered in the Report:
> By Mode of Transport

Road Freight

Air Freight

Sea Freight

>By Type

Inbound

Outbound

>By Industry

Companies covered in Bahrain logistics market report:

• Seahorse Marine Services
• Trafco Logistics Company SPC
• Transgulf Maritime Services W.L.L.
• Consolidated Shipping Services W.L.L
• Al Jazeera Shipping Co. W.L.L.
• Gulf Agency Co. Bahrain W.L.L – GLS Muharraq

For more information on the research report, refer to below link:

Bahrain Logistics Market Future Outlook to 2027 (https://www.makreo.com/report/bahrain-logistics-market-fu...)

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