Iraq Freight & Logistics Market Size (2024 - 2029)

Iraq Logistics & Frieght Market Analysis

The Iraq Freight & Logistics Market size is estimated at USD 7.24 billion in 2024, and is expected to reach USD 9.78 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).

• The Transport Ministry and the Construction & Housing Ministry are both in charge of managing Iraq's transportation infrastructure. The Transport Ministry is responsible for the port, railroad, and airport infrastructure, while the Construction & Housing Ministry is in charge of the road network. Coordination between two ministries is required to create an integrated transport infrastructure, which would be a challenging task even without the additional complexity of differing political allegiances between the heads of various sectors of both organizations.
• The Construction & Housing Ministry is aware that a national transportation strategy should be integrated with network enhancements for the roads. Both a significant rural dirt road network and more than 44,000 kilometers of paved motorways can be found in Iraq. The principal surface transportation links connecting Iraq to its neighbours are the highway and bridge systems. An efficient road system encourages domestic trade while supporting tourists and connecting the nation's population centres to key services.
• As Iraqi Airways continues to maintain its elderly fleet, the country's civil aviation industry is advancing toward ICAS compliance. The goal of the Iraqi Civil Aviation Authority (ICAA) is to develop an organisation of aviation professionals committed to excellence on the ground and in the air that is results-based and value-driven. To provide a competitive alternative to other Middle Eastern ports and even the Suez Canal, Iraq's grandiose plans for its future mega-port would rely on overload transhipment to Turkey, which would be provided by state-owned Iraqi Republic Railways (IRR).
• The Italian engineering services firm PEG is anticipated to provide feasibility studies and drawings for the "dry canal," a network of roads and rail lines connecting the new port with Turkey, by the end of this year, according to the Iraqi transport ministry. On the southernmost tip of Iraq's al-Faw peninsula, where the Shatt al-Arab waterway empties into the Persian Gulf, there has long been talking of building a massive port.

Iraq Logistics & Frieght Industry Segmentation

Freight management is defined as the process of controlling and executing a cost-effective procedure for goods delivery. In contrast, logistics management can be defined as the comprehensive process of acquiring, storing, and transporting resources to their final destination. A complete background analysis of the Iraq Freight & Logistics Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The Iraq Freight & Logistics Market is segmented by Function (Freight Transport (Road, Shipping, Air, and Rail), Freight Forwarding, Warehousing, and Value-added Services and Other Functions) and by End User (Manufacturing and Automotive; Oil and Gas, Mining, and Quarrying; Agriculture, Fishing, and Forestry; Construction; Distributive Trade; and Other End Users). The report offers market size and forecasts for the Iraq Freight & Logistics Market in value (USD Billion) for all the above segments.