Iraq E-Commerce Logistics and Warehouse Market is Expected to Gain Momentum by Growth in Online Shopping Platforms along with Introduction of New Technological Advancement: Ken Research

 Iraq E-Commerce Logistics and Warehouse Market is Expected to Gain Momentum by Growth in Online Shopping Platforms along with Introduction of New Technological Advancement: Ken Research

1. E-Com Orders Delivered growing at a robust CAGR with Increasing Number of Online Shoppers & Entrance of Major Retailers in Iraq

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With the aid of developing technology, the market will play a significant role in the sector as applications, AI, and a plethora of other tools such as drones, electric vehicles, automated systems, high-tech security, and effective management systems make the processes for logistics companies and their clients much easier.

2. E-Commerce Market in Iraq generated a Gross Merchandise Value of more than $1 Bn in 2021, owing to the rising Internet and Smart Phone Penetration along with the growing Middle Class Population

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A key element for the country's e-commerce market's continuous growth is the improvement of telecommunications infrastructure, such as the deployment of a 5G network. Aside from Baghdad, businesses are gradually expanding into neighbouring regions like Erbil and Basra. In comparison to 39% of internet users aged 35–45, almost 59% of those aged 18–24 spend more than 5 hours online.

3. E-Commerce Logistics Market expected to grow at a positive CAGR by 2026 basis Revenue largely due to growth in online shopping & entry of new players.

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Iraq E-commerce market expected to grow at double digit CAGR during 2022-2026, reaching more than USD 3 Bn by 2026. Broader product selection, the entry of new players and innovation in business models to further lead the growth. Covid-19 pandemic has positively impacted the e-commerce market in Iraq which will make many more brick-motor retailers to transform their business to Omni-channel retailing in the future. The last mile delivery approach used by e-commerce logistics businesses will be crucial to their future success. Urban deliveries should indeed be accomplished more rapidly provided by mobile depots, which will transport the day's goods from fulfilment facilities to the city centre for last-mile delivery.

Iraq E-Commerce Logistics and Warehousing Market Research Report: Ken Research

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• 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 E-Commerce Logistics and Warehousing Market 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

• 0-1 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

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

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