Analysts
at Ken Research in their latest publication “Kuwait
Warehousing Market Outlook to 2022 – b y 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)”
believe Kuwait Warehousing market is expected to register positive CAGR of around 10.1%
during the period 2017-2022 with anticipated warehousing capacity expansion, tie
ups with e-commerce players and mainstream application of innovative
technologies in the industry.
Rising Demand of fresh fruits and vegetables in near future
will increase the demand for warehousing services (cold storage) in Kuwait. Kuwait
warehousing industry is anticipated to grow due to rising e-commerce market
with the increase in demand of online shoppers and imported electronic goods in
the country. Rising government investment in logistics sector will positively
influence the warehousing market during the forecast period.
In Kuwait, demand for warehouses will be dominated by food
and beverage industry as country is largely dependent on imports for dairy
products, food items, fruits and vegetables. Since, country has a total arable
land of 10,600 hectare which is 0.6% of the total area and the soil in Kuwait
is low in nutrient and organic content along with it has poor moisture
retaining capabilities. This has led to low production capacity which
significantly increases the demand for importing vegetables and fruits in the
country to meet the food requirement of people in the country.
E-Commerce industry in Kuwait will contribute a
significant demand for warehouse as e-commerce market in Kuwait is expected to
reach USD 1.1 billion in 2020 owing to the rise in online shoppers. However,
e-commerce industry contributes a minimal share in revenue generation for the
warehousing industry, but with the growth in online shoppers and increasing
demand for imported items in future will contribute a major share in expansion
of warehousing industry. Import of various electronic goods, fashion/apparels
products, other grocery items and to store these imported goods, end users will
require more number of warehouses in future.
To expand the warehousing industry further, government
of Kuwait has planned to develop new warehouses in the upcoming years along
with a couple of infrastructure projects which are already under construction
such as construction for mega port for Bubiyan Island, rail and bridges for
improvement of the logistics sector. To support this investment, Kuwait government
has also approved USD 104.0 billion for the national development plan in the
country. Kuwait is improving electronics customs systems and processes which
will further make it easier to do business in the country.
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:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/australia-logistics-warehousing-market/142255-100.html
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
