The
report titled “Kuwait
Warehousing Market Outlook to 2022 – By Business Model (Industrial Freight/ Retail, Container
Freight, Cold Storage, Agricultural Warehousing); By End Users (Food and
Beverages, Chemicals, Electronics, Pharmaceuticals, E-Commerce, Consumer
Durables and Others)” by Ken Research suggested a positive
CAGR of 10.1% in terms of total revenue of the warehousing market in the next 5
years till the year ending 2022.
The
warehousing market of Kuwait has witnessed surge in imports and exports
activity majorly due to increase in demand of food and beverage industry,
chemical, electronics, pharmaceuticals and other industries. Since Kuwait is
highly dependent on imports for frozen food, dairy products, consumer staples,
pharmaceuticals and polymers, which has increased the need of warehouses among
end users. The companies owning warehouses have also attributed to the growth
of the industry such as DHL with 1 warehouse, Dolphin with 2 warehouses and
UAGSCO with 4 warehouses in Kuwait.
Over the past few years, rapid retail
market developments have been evident in Kuwait with a continuous increase in
organized retail or modern shopping across the country. Additionally, the growing
trend of online shopping in Kuwait has led to establishment of new fulfilment
centers for E-commerce companies to store their goods.
In Kuwait,
majority of the cold storage warehouses are located near to sea ports such as
Shuwaikh Port, Shuaiba Port and Doha Port. However, with the expansion of
companies operating in warehousing market, growth is observed in construction
of setting up of new warehouses regionally. Major regions where new warehouses have
been set up are Ardia, Mina Abdullah, Ahamadi, Amghara, which are generally
used for keeping industrial goods as these regions are close to industrial area.
Majority
of the international logistic companies operating in Kuwait does not have their
personal warehouse and they generally operate on the basis of asset light model
in which they rent a warehouse for few number of days and perform their
logistic services rather than setting up their personal warehouse in various
countries, this has positively inclined the demand for warehouses in the
country. Warehousing
players should focus on increased cargo handling or industrial freight
warehousing along with the development in other towns apart from Al Jahra
Governorate.
Products Covered:
Kuwait
Logistics and Warehousing Market by Business Model (Industrial Freight/Retail,
Container Freight, Cold storage, Agriculture and others) by End
User (Food and Beverage, Chemicals, Electronics, Pharmaceutical, E-Commerce,
Consumer Durables and Others)
Companies Covered:
Agility Kuwait, KGL Logistics, Dolphin Logistics and DHL
Kuwait
To
know more, click on the link below:
Related
Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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