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Myanmar Logistics Market is expected to get double to USD ~8 Bn between by 2027F owning to Logistics Development Vision 2030, Increasing inflow of investment and Government Initiatives: Ken Research
The government has invested in a stream of construction projects including the Myanmar-Thailand Friendship Bridge, Yangon-Mandalay Rail Line, Yangon-Thanlyin Bridge, etc. This will make parcels delivery faster than before due to the improved condition of logistics infrastructure. Furthermore, setting up new economic zones such as Myeik Special Economic Zone, Muse Central Economic Zone and Sittwe SEZ will also boost the trade among the neighboring countries and hence improve Myanmar's Logistics industry.
The Ministry of Construction plans to coordinate billions of dollar investment in order to build major highways and expressways before 2030. Adani Group will invest USD 290 million to build and run a container terminal along the Yangon River in collaboration with Myanmar Government.
Analysts at in their latest publication by Ken Research observed that Myanmar Logistics market is in the growing phase. The Logistics Development Vision 2030, Increasing inflow on investment and some government Initiatives will lead to Myanmar Logistics market growth. It is expected that Myanmar Logistics market will grow at a CAGR of ~12.6% for the 2022-2027F forecasted period.
The market size on the basis of revenue is expected to grow tremendously from 2021 to 2026. The escalating demand for retail logistics across the U.S. due to the pandemic is expected to propel market growth in the forthcoming years. A retail logistics company provides services, including inventory management, packaging, cross-docking, and door-to-door delivery. The rapid growth of the global e-commerce sector and the development of new technologies drive the demand for logistics services. The end-use industries and manufacturers generally lack the internal control needed for addressing logistics issues. Such factors have provided a boost to the growth of the logistics industry.
The Australian logistics and warehousing industry is expected to increase at a CAGR of 3.4% from 2020 to 2025. The freight forwarding market will continue to dominate the Australia logistics and warehousing industry. The government has launched various programs in order to develop the infrastructure of the country hence facilitating the logistics market growth in the future years. The rising retail and FMCG industry of the country will accelerate the demand for warehouse storage and transportation & logistics facility. The industry will move towards digital growth with the introduction of cloud logistics, drone facilities, automation, and more.
The Pakistan Logistics Market is projected to show a significant growth, to contribute ~ Bn by 2027F with increase in demand, and government initiatives. The growth rate of total fleet size is anticipated to increase over the period with surge in working class population along with government incentives and policies.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
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