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)” covers
various aspects such as overall size for Warehousing in Kuwait, Kuwait
warehousing market segmentation by business model (industrial freight/retail,
container freight, cold storage, agriculture and others); by end users (food
and beverages, chemicals, electronics, pharmaceuticals, e-commerce, consumer
durables and others). The report also covers value chain analysis for warehousing
market, comparative analysis of Kuwait warehousing market. The report also
covers the competitive landscape of the industry and comprehensive profile of
leading and emerging players operating in the market.
The report includes
future outlook and projections of Kuwait warehousing market. Major
macroeconomic indicators and upcoming projects affecting the market have also
been highlighted in the report. The report also provides analyst recommendations
highlighting the major opportunities and cautions for Kuwait warehousing
market.
Warehousing
Market
Size
Kuwait
warehousing market in terms of revenue and capacity grew at a positive CAGR
during the period 2012-2017. The warehousing market in Kuwait witnessed decline
in the growth rate in 2015 due to closing down of the free trade zones (FTZs).
FTZ’s allowed import duty free goods and tax free income of foreign corporate
which attracted majority of the warehouses to establish in that region.
However, with the closing down of FTZs, decline in imports and exports activity
has been observed during the respective year. Warehousing market has inclined
over the years with the increase in the demand for fresh fruits and vegetables
and frozen food. The surge in FMCG sector has also impacted the market in a
positive manner.
Kuwait Warehousing Market
Segmentation
By Business Model: Industrial
freight/retail dominated warehousing market in 2017 in Kuwait due to rise in
the industrial and retail sectors in the country. The retail sector has grown
at a positive double digit CAGR in the last five years. Container freight
followed the industrial/ retail freight as the use of containers in export
shipments makes the transport and goods handling easier and faster. Cold storage
warehousing has inclined over the years with the rising requirement of
temperature controlled products majorly (pharmaceuticals, sea food and frozen
foods). Agriculture and others attributed least share in warehousing.
By End User: Food
and Beverage industry dominated the end user segment in Kuwait warehousing industry.
The domestic production capacity of the country is not enough to cater to the
growing demand for fruits and vegetables in the country as the country has a very
small portion as arable land out of the total area. The soil in Kuwait is low
in nutrient and organic content and has poor moisture retaining capabilities.
Hence, the production is low. The rising demand for fresh fruits and vegetables
in the country has led to high requirement of warehousing market. There has
been an increase in demand for warehousing by Electronics and Chemical industry
with the growth of online retail market in the country. Majority of the demand
has been driven due to international companies operating in the country with
asset light model.
Comparative Landscape in
Kuwait Warehousing Market
The
warehousing companies in Kuwait observed to compete with each other on the
basis of the size and location of the warehouse. The location of the warehouse
has to be appropriate to the needs of the customer which reduces extra cost of
transportation and increases time efficiency. Other important factors which
influence the choice of warehouse are technologies/automation used in the
warehouses; value added services, GDP-certified temperature and
humidity-controlled environment and others.
Kuwait Warehousing Market
Future Outlook and Projections
Kuwait warehousing
market is expected to positively incline in future due to rise in trade and
demand from e-commerce sector. The increase in the demand for fresh fruits and
vegetables will positively incline the warehousing market. Kuwait government
has planned to invest across strategic sectors under Kuwait Development Plan
(KDP) 2015-2020. The companies will focus towards technologies such as RFID,
automatic retrieval system, robotics, drones and others in future.
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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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