The report titled “Kuwait Warehousing Market Outlook to 2026F– Driven by Rise in Demand for Technologically Advanced Warehouses by Different End Users” provides a comprehensive analysis on the status of the warehousing market in Kuwait. The report covers various aspects including overview of transportation infrastructure, industrial landscape of Kuwait, warehousing market size and segmentations, trends and developments, issues and challenges, regulatory landscape, Value Chain Analysis, competitive scenario and emerging technologies in the industries. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.
Kuwait
Warehousing Market Overview and Size:
Kuwait Warehousing Market is
currently undersupplied with well-known players such as Agility, KGL Logistics
and City Group establishing themselves as regional leaders. Warehousing firms
initially gained a foothold by serving US military personnel in Kuwait, however
it is diversifying away from public sector contracts and increasingly catering
to businesses and households. Kuwait warehousing market has been continuously
growing at a single digit CAGR (2016-2021) owing to surging logistics volume,
rising imports, trend of logistics outsourcing and government efforts to
enhance the logistics infrastructure. Kuwait government’s plans to invest
across strategic sectors under Kuwait Development Plan (KDP) 2015-2020 has
positively impacted the market.
Kuwait
Warehousing Market Segmentations:
By Captive
and Logistics Companies: In Kuwait,
logistics companies capture majority of the space with few companies such as
Alghanim and The Sultan Center having their own captive space.
By Licensed
and Non Licensed Warehouse: Kuwait
Warehousing market is a highly regulated industry with majority of the
warehouses having proper licenses and certifications issued from the concerned
authority or department.
By Grade
A/B/C Warehouse: Grade A
Warehouses contribute majority of the market space in the industry. As the
demand for sophisticated storage and distribution facilities increases, owing
to the expanding volume of e-commerce, Grade A warehouses are expected to grow
at a phenomenal rate in the future.
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQz
By
Commercial Models: Real
estate developers and end users opting for warehousing in Kuwait usually look
for longer lease tenures and lock-ins to
ensure rental yields from properties. Majority of the logistics
companies prefer the leasing model or built to suit model over the rental model
since discounts are offered in terms of pricing.
By Type of
Warehouses: Dry and
ambient warehouses dominated the Kuwait warehousing market in 2021 due to rise
in the industrial, F&B and retail sectors in the country. Cold storage
warehousing has inclined over the years with the rising requirement of
temperature controlled products majorly (pharmaceuticals, sea food and frozen
foods).
By End
Users: Kuwait is one of the fastest-growing
markets, which is driven by a strong purchasing power vested in Infrastructural
projects, the retail industry, and a strong trading and oil industry. Strong
end user demand & high growth segments such as food & beverages and
consumer retail are supporting the logistics spend in the industry.
By Region: The major Industrial zones in Kuwait are located
in areas such as Mina Abdullah, Sulaibiya, Shuwaikh, Ardiya Shuaiba, Subhan and
Al Ahmadi. The major warehousing hubs in Kuwait are located in areas such as
Mina Abdullah, Sulaibiya, Shuwaikh and Ardiya with Mina Abdullah occupying 40%
of the total warehousing Space in 2021.
Comparative
Landscape in Kuwait Warehousing Market:
Kuwait’s warehousing market is
moderately concentrated with top 3 players accounting more than 3/4th
share of the market space and companies are concentrated to Sulaibiya, Shuwaikh
and Mina Abdullah regions. Companies in Kuwait have been focusing on providing
data oriented solutions and other services for operational excellence, timely
customer support, thus providing customer satisfaction and retention of
customers.
Kuwait
Warehousing Market Future Outlook and Projections:
The growth of local companies
within the logistics sector points to widening industry potential in the
country with total warehousing space growing at a double digit CAGR
(2021-2026F). Strong leasing momentum is likely to continue throughout the
year; 3PL and e-commerce players are expected to drive demand for logistics
space. Key factors which are expected to drive demand across the country:
consolidation and expansion by existing players and entry of new players.
Increasing adoption of warehouse automation technologies such as EDI, RFID,
Human Centric Designs and Drones are expected to improve operational
efficiency.
Key Segments
Covered
- By Captive and Logistics Companies
- Logistics Companies
- Captive Companies
- By Licensed and Non Licensed Warehouse
- Licensed Warehouses
- Non-Licensed Warehouses
- By Grade
- Grade A
- Grade B and others
- By Commercial Models
- Built to Suit Model
- Long Term Leasing Model
- Rental Models by 3PL
- By Warehouse Type
- Dry & Ambient
- Cold Storage
- Open Yards
- Agriculture and Other Warehouses
- By End Users
- Food & Beverages
- Consumer Retail
- Healthcare
- Automotive and Industrial Equipments
- Consumer E-Commerce
- Others
- By Consumer E-Commerce
- E-commerce Delivery Stations
- Dark Kitchens/Stores
- Others
- By Region
- Mina Abdullah
- Sulaibiya
- Shuwaikh
- Ardiya
- Jahra
- Others
Companies
Covered
- Agility Kuwait
- KGL Logistics Kuwait
- DHL Kuwait
- City Group
- Aramex
- DSV
- APL Logistics
- TransCrate Logistics
Key Target
Audience
- International Domestic Freight Forwarders
- Warehousing Companies
- Logistics Companies
- Logistics Consultants
Time Period
Captured in the Report:-
- Historical Period – 2016-2021
- Forecast Period –2021-2026F
Key Topics
Covered in the Report
- Logistics
Warehouse Companies in Kuwait
- Executive Summary
- Kuwait Country and Logistics Sector Overview
- Snapshot of Industrial Market Landscape in
Kuwait
- Major Regulations for the Warehousing and
Logistics Industry in Kuwait
- Emerging Technologies in Kuwait Warehousing
Market
- Key Trends in Kuwait Warehousing Market
- Major Challenges in Kuwait Warehousing Market
- Competitive Landscape in Kuwait Warehousing
Market
- Strengths and Weaknesses of Major Warehousing
Players in Kuwait
- Detailed Analysis on Kuwait Warehousing Market
(Market Size, 2016-2021; Market Segmentation; Market Shares; Competition;
Future Market Size, 2026F)
- Competitive Landscape in Kuwait Warehousing
Market
- Analyst Recommendations
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
