Increasing
Government initiatives in Various Sectors, Increasing Prominence of 3PL
Services backed up with Trade Scenario of the Country are the key factors
driving growth in Kuwait Logistics Market.
Rising e-commerce industry in the country has
triggered the demand for logistics and warehousing services in past few years.
This has also accelerated the market size of express delivery. Majority of the
companies in the country have tie ups with logistic companies to ship their
products from warehouses to the end customers. The rise in demand for freight
forwarding services from the factory units to the retail stores has also aided
the overall market growth of the logistics industry. The warehousing companies
have increasingly gained prominence in the market owing to high demand for
storage of retail goods.
The oil sector plays a dominant role in the
Kuwaiti economy, with the country estimated to own roughly 6.0% of the world’s
oil reserves. Oil exports account for over 90% of Kuwaiti government revenues
and 50% of nominal GDP. After the decline in oil prices since 2015, the
logistics industry in Kuwait has witnessed decline in growth rate majorly owing
to fall in trade of the country. Owing to dip in oil prices, the government of
Kuwait has been largely focusing on economic diversification which has opened
gates for several key projects in the power, transportation and health sectors
which sustain spending and imports of materials such as ores and metals.
Additionally, increase in the retail stores, super & hyper marts in the
country has triggered the demand for logistics & warehousing space.
In Kuwait, the freight forwarding market is
highly prevailing on account of expanding e-commerce, retail &
manufacturing and express delivery industries. Rising e-commerce industry in
the country has triggered the demand for logistics and warehousing services in
the past few years. This has also accelerated the market size of express
delivery, as all the companies in e-commerce industry in the country are
offering the express delivery services. The demand for fresh and processed
fruits & vegetables, meat, dairy and others are on rise with the increase
in the urban and affluent population supported by change in their consumption
habits which has aided the cold chain logistics industry revenue.
The report titled “Kuwait
Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market
and Value Added Services), by Third Party Logistics, By Cold Chain Logistics
and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages,
Metals, Automotive and Others) - Outlook to 2022” by Ken Research
suggested that increasing demand for cold storage goods and express delivery
services will result in market growth at a positive CAGR in revenues in Kuwait
logistics market in next 5 years till 2022.
Key Topics Covered in the Report:
·
3PL
Companies In Kuwait
·
Agility
Fleet Size Kuwait Future of Kuwait Logistics Market
·
Air
Freight Demand
·
Aramex
Competition Kuwait Logistics
·
Cold
Storage Warehouses in Kuwait
·
Cold
Transport Services in Kuwait
·
Competition
In Kuwait Logistics Market
·
DHL
Revenue Kuwait Logistics
·
Freight
Forwarding Companies in Kuwait
·
Globe
Express Services Market Logistic Sector
·
Globe
Express Services Revenue From Logistics
·
Government
Spending on Logistics and Infrastructure Kuwait
·
Growth
Freight Forwarding Market Kuwait
·
Growth
Kuwait Express Logistics Industry
·
International
Domestic Revenue Kuwait Logistics
·
Kuwait
Cold Chain Revenue
·
Kuwait
Express Delivery Logistics Revenue 2017
·
Kuwait
Freight Forwarding Revenue
·
Kuwait
Logistics Market Future Growth
·
Kuwait
Logistics Market Size
To know more click on
the link below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing
+91-124-4230204
No comments:
Post a Comment