Gurugram, India, July 21, 2022 (GLOBE NEWSWIRE) --
- Expansion in internet services (~75% internet penetration in 2021) coupled with increasing demand for online logistics services have collectively given a boost to development of E-commerce shipments industry in Iraq.
- Number of e-commerce shipments in Iraq increased from 2021 to 2026, owing to Iraq’s internet infrastructure, youthful, tech-savvy population and rising mobile/broadband penetration rates.
- Majority of the Large-scale E-commerce platforms such as Arbela and Elryan operate both on basis of Fulfilment Model and Market Place Model.
Major Investment and Partnerships: In 2021, Miswag raised $1.6 million in a pre-Series A round, helping it to scale its Iraq operations and accelerate its massive growth. In 2021, Iraqi e-commerce platform Elryan.com significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. Companies are partnering to increase their product offerings across various verticals.
Emerging Technology: Several technological disruptions are expected to drive the in the e-commerce shipments industry in Iraq. Logistics platforms are deploying technologies such as AI, IoT, and Big Data to garner insights into consumer preferences and customize their experience to cater to this growing demand. Companies are also using Radio-frequency Identity (RFID) chips which provide real-time tracking information. When effectively integrated, RFID systems can provide precise location and quantity data in real-time helping companies to provide better services in terms of tracking parcels.
Covid-19 causing surge in sales: With increased customer use of various online channels, vertical and horizontal e-commerce platforms across certain categories – pharmacies, groceries, essentials, and many more – have witnessed a significant surge in sales post the outbreak of pandemic. The e-commerce sales gross market value increased from 0.8 Mn to 1.2 Mn during 2020. This increase can be partially attributed to the increase in number of orders due to the COVID-19 lockdown.
The report titled “Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F- Driven by Growth in Online Shopping Platforms along with Introduction of New Technological Advancement” provides a comprehensive analysis of the potential of e-commerce and e-commerce logistics market in Iraq. The report covers various aspects including the growth of E-Commerce industry, revenue generated from E-Commerce logistics players, its segmentations viz By source, By Product category, By Volumetric Weight, By Delivery Period (Same Day delivery, Next day Delivery, More than 2 days), By Payment (Cash, E-wallet, Debit Card, Credit Card, QR Pay, Bank Transfer), By Volumetric Weight (0-1 Kg, 1-3 Kg, 3-6 Kg more than 6 Kgs), major trends and development, issues and challenges, technological advancements and competition analysis. The reports also covers the warehousing industry in Iraq and its segmentation basis end user (Oil and gas, FMCG, Electronics, Construction material, E-commerce and retail and other) and by region (Baghdad, Basra, Erbil). The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Key Segments Covered
By Delivery
- Same day
- Next day
- More than 2 days
By Product Category
- Fashion
- Electronics
- Toys, Hobby & DIY
- Media
- Beauty and personal care
- Furniture
- Beverages
- Food
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By Volumetric Weight
- Kg
- 1-3 Kg
- 3-6 Kg
- Greater than 6 kgs
By Location
- Baghdad
- Erbil
- Mosul
- Basra
By Payment
- Cash
- Others (Debit card, Credit cards, e-wallets)
By Souring
- Domestic
- International
By Gender
- Male
- Female
By Age group
- 15-35 years
- 35-55 years
- 55 and above
E-Commerce Logistics Companies Covered
- Aramex
- Sandoog
- Mateen Logistics
- Iraq Post
- DHL
E-Commerce Companies Covered
- Orisdi
- Tamata
- Miswag
- Shopini
- Namshi
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Key Target Audience
- 3PL Logistics Companies
- Integrated Logistics Companies
- E-Commerce Marketplace Platform
- Retail Companies
- Logistics/Supply Chain Industry Associations
Time Period Captured in the Report:-
- Historical Period – 2016-2021
- Forecast Period – 2021-2026
Key Topics Covered in the Report
- Iraq E-Commerce Market Overview
- Cross Comparison- Major E-Commerce Players in Iraq
- Iraq E-Commerce Logistics Market Overview
- Iraq E-Commerce Logistics Market Size
- Iraq E-Commerce Logistics Market Segmentation 2021
- Iraq E-Commerce Shipments Pricing Analysis
- Iraq E-Commerce Logistics Market Growth Drivers
- Iraq E-Commerce Logistics Market Trends & Developments
- Iraq E-Commerce Logistics Market Government Role and Initiatives
- Iraq E-Commerce Logistics Market Logistics Constraints
- Iraq E-Commerce Logistics Market SWOT Analysis
- Competitive Landscape of Iraq E-Commerce Logistics Market
- Iraq E-Commerce Logistics Market Cross Comparison
- Iraq E-Commerce Logistics Market Pricing Analysis
- Future Market Size and Segmentations, 2021-2026F
- Covid-19 Impact on Iraq E-Commerce Logistics Market
- Analyst Recommendations
- Case Studies
For more information on the research report, refer to below link:
Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F
UAE E-commerce industry has witnessed an upward trajectory over the past 5-6 years with an increase in internet penetration in the region. UAE is considered the most advanced e-commerce market in MENA, with a penetration rate of ~% in 2017. The UAE enjoys many advantages that make it ideal for e-commerce growth. Its consumer demographic consists of a young internet-savvy population, with high social media usage. Escalation in the number of smart phones in the country, high consumer confidence, changing consumer preferences, etc. has augmented the growth of e-commerce leading surging demand for e-commerce logistics as well in the country. Dubai, Abu Dhabi and Sharjah have emerged as the key hub for demand and supply of e-commerce logistics. The COVID-19 pandemic has also pushed the demand in the market as the need for social distancing has forced people to rely on online shopping. The growth in the E-commerce orders for logistics has been majorly driven with an increase in internet affinity and demand for value added services.
The Filipino E-commerce industry has witnessed a moderate rise over the past 5-6 years with an increase in internet penetration into the country. Escalation in the number of smartphones in the country, fast-growing middle-class population, high consumer confidence, changing consumer preferences, etc. has augmented the growth of e-commerce leading to surging demand for e-commerce logistics as well in the country. Manila and some other cities including Central Quezon City, Cebu, and Davao have emerged as the key hub for demand and supply of e-commerce logistics The COVID-19 pandemic has also pushed the demand in the market as the need for social distancing have forced people to rely on online shopping. The growth in E-commerce orders for logistics has been majorly driven by an increase in internet affinity and demand for value-added services.
The E-commerce Logistics sector in India is in late growth stage and has evolving as an organized market structure. The Industry has flourished due to changing Consumer shopping preferences from physical stores to online market places from the comfort of their homes. The E-commerce Logistics Industry has grown at a CAGR of 24.3% on the basis of revenue and a CAGR of 27.4% on the basis of number of shipments over the period FY’2015-FY’2020. Major growth drivers of the Industry are higher internet penetration, increase in number of Smartphone users, increasing propensity to purchase online, growing demand from Tier 2 and below cities, new technological innovations, rising consumer expectations for fast delivery services and more.
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