The report titled “Oman
Freight Forwarding Market Outlook to 2022 – By Freight Movement (Sea, Road, Air and Rail Freight); By Normal and
Express Delivery; By International and Domestic Freight; By International Flow
Corridors (Asian Countries, NAFTA Countries, European Countries and
Others)” provides a comprehensive analysis of market size for freight
forwarding in Oman, market segmentation by normal and
express delivery, by freight movement (sea freight, road freight, air freight
and rail freight), by international and domestic freight forwarding and by flow
corridors (Asia Countries, NAFTA countries,
European Countries and Others). The report also covers the overall
competitive landscape and government role and regulations. The report concludes
with market projections for future for every single market described above and
analyst recommendations highlighting the major opportunities and cautions for
overall Oman freight forwarding market.
Oman Freight Forwarding Market Overview and Size
Oman’s
strategic centralized location in the Arabian Gulf makes it ideal for conversion
into a major transshipment hub for the East-West trade route. The freight
forwarding industry in Oman has witnessed a consistently positive single digit
growth rate in the last five years driven by development in major industries
such as Oil and Gas, and manufacturing primarily with sectors such as Food and
Beverage, Chemicals and electronics. Expanding FMCG sector, retail sector, food
and E-commerce industry in the country has also attributed to the growth of the
freight forwarding industry in the country. Creation of GCC Customs regulations
harmonized regional trade regulations in the region.
Oman Freight Forwarding Market Segmentation
By Normal and Express Delivery
The normal / standard delivery segment
dominated Oman freight forwarding market with the majority of the revenue share
whereas the express delivery segment although significantly larger, is still in
the growth phase in the year 2017. Normal delivery services are generally
preferred where there is no urgent requirement for ordered goods. In Oman,
majority of the customers prefer the cheapest form of shipping and are
witnessed to wait for longer durations. Major companies operating into normal
delivery includes DHL, Aramex, GAC Oman, Allied Logistics, Majan Shipping.
By Freight Movement
The
Sea freight segment dominated Oman freight forwarding market by capturing the
major revenue share in the year 2017. The Port of Salalah, the largest port in
Oman, is centrally located at the crossroads of trade between Asia and Europe.
It has over 2.5 billion consumers and it serves the markets of East Africa, Red
Sea, Indian Subcontinent and Arabian/Persian Gulf on its doorstep. The air
freight segment followed road freight services in Oman freight forwarding
market. The major air freight in the country is managed by the Muscat
International Airport followed by the Salalah Airport. The remaining revenue
share was captured by road freight in 2017. Road transport is gaining attraction
in Oman as the bulk of trade is with neighboring GCC countries. Major road
connections with Saudi Arabia and UAE have significantly boosted the road
freight volumes in the country over the past few years
By International and Domestic Freight Forwarding
International freight forwarding accounted
for majority of the revenues for overall Oman freight forwarding market. The
country exports significant amount of Mineral fuels and derivatives, Vehicles
Parts and Accessories, Organic chemicals, Aluminum and articles , Fertilizers,
Iron and steel to other countries and imports machinery and mechanical
appliances, vehicles- parts and accessories, mineral fuels and derivatives,
electrical machinery and equipment and parts, articles of iron or steel,
natural or cultured stones and metals etc. from other countries, thus creating
a positive impact on Oman freight forwarding market. On the other hand, the
domestic freight forwarding segment was observed to capture the remaining
revenue share in 2017.
By Flow Corridors
Asia
flow corridor was observed to be the largest contributor in terms of revenue in
Oman freight forwarding market in the year 2017. The Oman-Europe flow corridor
followed Oman-Asia in the revenue share percentage in the year 2017. Other
major flow corridor includes the NAFTA countries and GCC countries.
By International and Domestic Companies
International
companies operating in Oman freight forwarding market dominated by capturing
more than half of the revenue share in the year 2017. Targeted
entities for international freight forwarding companies are the international
MNCs as such they always seek to make alliances with international freight
companies backed by extensive service network and brand image in the market. The
domestic companies although possessing their own fleet, have a minor market
share in the Oman freight forwarding market.
Comparative Landscape in Oman Freight Forwarding Market
The
freight forwarding industry in Oman was observed as highly fragmented with the
presence of both domestic as well international freight forwarders in the
country. However it is dominated by the international players due to their
capacities.
Major companies in the Oman freight forwarding market include Ceva Logistics LLC, Oman Shipping
Company LLC, Airborne Shipping & Logistics LLC, Millennium Shipping
Services LLC, Seagull Logistic Services LLC, Bin Hariz Trad & Cont Co (Bht),
Ahmed Sahol Liwa National Trading Company and others
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research report, refer to below link:
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Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
