Monday, December 18, 2017

Kuwait Logistics Market is Anticipated to Grow at a CAGR of around 5% during 2018-2022: Ken Research

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:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kuwait-logistics-market-research-report/142296-100.html

Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-market-research-report/670-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/uae-logistics-market-report/4634-100.html

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Ken Research
Ankur Gupta, Head Marketing
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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 End Use Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022: Ken Research

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 End Use Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) - Outlook to 2022” provides a comprehensive analysis of the logistics market in Kuwait.

The report covers various aspects such as overall market size of Kuwait logistics, freight forwarding, warehousing, cold chain, third party logistics, express market in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of end use industries (oil & gas, engineering equipment, food & beverages, metals, automotive and others). The report also covers value chain analysis for logistics market, comparative analysis of Kuwait logistics market with other GCC logistics market, trends and developments, issues and challenges, industry norms and regulations and recent developments in the 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 the Kuwait logistics market, freight forwarding market, cold chain market, warehousing market, 3 PL market and express logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a competitive scenario for each market which exists in logistics industry to get an in-depth understanding of logistics sector in Kuwait.
Kuwait Logistics Market
The logistics market encompasses of freight forwarding, warehousing and value added services provided by domestic and international players. Market has witnessed a modest growth rate in past few years owing to the increase in the export and imports of the country and expanding e-commerce industry. The logistics market has increased at a CAGR of ~ % during 2012-2017. The market has increased from USD ~ million in 2012 to USD ~ million during 2017. Fall in oil prices since 2015 has affected the overall economic growth and export revenue of Kuwait in the past three years. This has affected the growth of logistics sector in recent years but as oil prices relatively recovered during 2017, logistics sector in Kuwait has witnessed improved growth rate. Rising industrial activities, increasing retail and manufacturing output have also driven the demand of logistics services in the country. Freight forwarding is the major contributor in the revenues of the industry contributing the percentage share of ~% in 2017, followed by warehousing (~ %) and value added services (~ %) during 2017.
Kuwait Freight Forwarding Market
The market has increased from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017. Expanding industrial activities, rising demand of online shopping and improving trade policies have driven the demand of freight forwarding industry in the country. Normal delivery has contributed a share of ~% (USD ~ Billion) in terms of revenues of the overall industry during 2017. Majority of the freight movement during this period has been undertaken through the Asia, North America and European Union flow corridor which accounted for a share of ~%, ~% and ~% respectively. Major players in Kuwait Freight Forwarding market are Global Logistics Group, Ability Trading & Logistics, Absolute Logistics and others.
Kuwait Warehousing Market
Kuwait warehousing market has increased from USD ~ million in 2012 to USD ~ million in 2017, growing at a CAGR of ~% during the period. The country is experiencing a major rise in the demand for warehousing services. Industrial retail has been the leading segment in the warehousing industry contributing ~% (USD ~ million) of the market share in terms of revenues in 2017. The expanding e-tail companies in the country have also triggered the growth of the warehousing industry in the country. The growth in the market is also driven by increased demand for outsourcing of warehouse services. Vendors in the market provide multiple value-added services to customers, including packaging and kitting, inventory management and others which is difficult to maintain during in-house warehouse operations. This has accelerated the demand of warehousing on lease and rent basis. Major players in Kuwait warehousing market include Mubarrad Transport Company, AGTUS, Move One Relocation and Compass Ocean Logistics.
Kuwait Third Party Logistics Market
Third party logistics has witnessed a robust growth in the past few years in Kuwait. The market is growing at a CAGR of ~% during 2012-2017, increasing from USD ~ million during 2012 to USD ~ million during 2017. Third-party logistics (3PL) outsourcing is rapidly gaining prominence as more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. By outsourcing logistics activities to the 3PL service providers, corporations are able to solely concentrate on their core business operations resulting in cost-efficiency and improved delivery performance and customer satisfaction. The dominating companies in the segment are Mubarrad Transport Company, Trade Links, White Stores Company and others.
Kuwait Express Logistics Market
Kuwait express logistics market has grown from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~% during 2012-2017. The rising prominence of online shopping has majorly attributed to the increasing demand for express delivery, especially by B2C segments in past few years in the country. Air express has dominated the market of Kuwait express logistics during 2017. The dominating companies in the segment are Fed Ex, Aramex, DHL, UPS and others.
Kuwait Cold Chain Logistics Market
Kuwait cold chain market has augmented from USD ~ million during 2012 to USD ~ million in 2017 at a CAGR of ~% during 2012-2017. This growth was due to the increasing demand of cold chain logistics for preservation of fruits and vegetables coupled with the active participation by the pharmaceutical industry which has also registered substantial growth in the kingdom. The cold chain logistics has been largely dominated by cold storage which has contributed the largest share of ~% in the overall cold chain market during 2017. Cold transport has contributed a share of ~% in terms of revenues during 2017. Meat & sea food has contributed ~% in terms of revenues in overall market of cold chain. Vaccines and pharmaceuticals have contributed ~% in terms of revenues in overall market of cold chain during 2017.
Kuwait Logistics Market Future Outlook
Kuwait logistics market is expected to increase at a CAGR of ~% during 2018 to 2022 to reach at USD ~ million by 2022. Freight forwarding services will majorly contribute in the overall market of logistics with the share of ~% during 2022. This incline in share of the freight forwarding market will be on the account of various expansion projects. Rising retail and FMCG industry of the country will accelerate the demand for warehouse storage, transportation & logistics facility in upcoming years. Most of the FMCG & retail companies in the country require warehousing and cold storage to accommodate all the products safely. Warehousing industry will contribute a market share of ~% in terms of revenue during 2022.
Key Topics Covered in the Report:
  • Logistics Infrastructure in Kuwait
  • Value Chain Analysis for Kuwait Logistics Market
  • Kuwait logistics market size
  • Major Players in Kuwait Logistics Market
  • Competition in Kuwait Logistics Market
  • Kuwait Logistics Market Future Growth
  • Mubarrad Transport Market Share Logistics Industry Kuwait
  • Agility Fleet Size Kuwait
  • Future of Kuwait Logistics Market
  • Government Spending on Logistics and Infrastructure Kuwait
  • Globe Express Services market logistic sector
  • DHL revenue Kuwait Logistics
  • Aramex competition Kuwait logistics
  • Kuwait Freight Forwarding Revenue
  • Freight Forwarding Companies in Kuwait
  • Sea Freight, Land Freight, Air Freight Demand
  • Growth Freight Forwarding Market Kuwait
  • Kuwait Cold Chain Revenue
  • Cold Storage Warehouses in Kuwait
  • Cold Transport Services in Kuwait
  • 3PL Companies in Kuwait
  • Third Party logistics industry Kuwait
  • Market share leading companies Kuwait 3PL
  • Globe Express Services Revenue from Logistics
  • Kuwait Express logistics revenue 2017
  • International domestic revenue Kuwait logistics
  • Growth Kuwait Express Logistics Industry
Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kuwait-logistics-market-research-report/142296-100.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com
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Evolution in cards and payment industry infrastructure in Indonesia along with regulations encourages cashless payment options: Ken Research

The debit card transaction at ATM for cash withdraw is higher compared to the transactions at the merchant POS terminals.
The leading players in Indonesia’s debit cards market are Bank Rakyat Indonesia, Bank Central Asia, Bank Negara Indonesia and Bank Mandiri. the leading players in Indonesia’s credit cards market are Bank Rakyat Indonesia, Bank Central Asia, Bank Negara Indonesia, Bank Mandiri, HSBC and Citibank.
The frequency of credit card use has slowly increased in the recent years.
Majority of the rural population in Indonesia prefer cash over cards due to negligible awareness in electronic payments. Many of them do not hold a bank account and very few have limited access to banking infrastructure. Indonesian government and banks have taken initiatives to bring the unbanked population into the formal banking system and introducing payment cards which were readily accepted. Pay-later card or credit card market in Indonesia is still in the budding phase with very less penetration rate.  Consumers’ annual income plays a major role for credit card eligibility and it is one of the major reasons for the low penetration.
The cards and payment market in Indonesia include all debit cards, credit cards and charge cards. The payment instruments are cash, cheques, and payment cards. The banks adopted various strategies to market debit, credit and charge cards within the country. Credit transfers and cards are the traditional payment methods in Indonesia and consumers prefer such mode of e-commerce payments along with alternative payments such as digital and mobile wallets. The leading banks in Indonesia’s cards and payment sector are Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Central Asia, Bank Mandiri, Bank Danamon, CIMB Niaga, Bank Mega, Visa, Mastercard, American Express, and JCB.
According to the study “The Cards and Payments Industry in Indonesia: Emerging trends and opportunities to 2021”, the ever increasing Indonesia’s population has encouraged the use of payment cards for their spending over the recent years. The increase in Indonesia’s GDP per capita is expected to increase the scope of payment cards use over the coming years. Indonesia’s e-commerce growth is affected by the growing young population, the increasing online retailers, various payment methods, and rising customer confidence in e-commerce transactions.
Indonesian consumers are adopting contactless payments and Visa has launched its contactless service Visa payWave. This payment service enables Visa card holders to make contactless transactions without a PIN for transactions. Bank CIMB Niaga, Bank Tabungan Pensiunan Negara, UOB Indonesia, and Bank Mandiri adopted Visa payWave technology for their consumers card payments. Indonesia’s central bank is Bank Indonesia that provides security of payment systems to build customer confidence in payment cards. It has also made it a mandated to adopt six-digit PINs for debit and ATM cards, instead of four-digit PINs.
Indonesia’s demographic and economic development over the recent years has exhibited a potential rapid shift from cash based payments to alternative payments and also through mobile payments. Indonesians are price conscious and are easily attracted by any promotions and discounted products. Promotions and discounts are used as marketing tools to promote credit cards. The increasing consumers spending limit is a major factor affecting the payment options. The overall card payment adoption rate is promising in Indonesia and mobile payment systems has become the most widely available option with the launch of Go-Pay, T-Cash, and the e-wallet services. The future of cards and payments industry in Indonesia is very healthy and will continue growing because many consumers are utilizing financial cards as their payment options. Also the cards and payment industry infrastructures are developed throughout Indonesia and new regulations are encouraging the cashless payment options.
Key Topics Covered in the Report:
Indonesia Bill Payment Market Research
Indonesia Money Remittance Industry
Alternative Payment Methods in Indonesia
Indonesia Cards and Payments Industry Trends
Consumer Payment Industry Indonesia
Indonesia Credit Card Industry Analysis
Indonesia Plastic Money Market
Indonesia Credit Cards Market Research
Indonesia Cards and Payments Market Research Report
M-Commerce Market Indonesia
Ecommerce Payment Industry Indonesia
Indonesia Payment Industry
Wallet Payment Market Indonesia
Plastic Card Money Indonesia
P2P Payments Indonesia
Online Payment Channels Indonesia
Debit Cards Market Indonesia
Credit Card Demand in Indonesia
Credit Card Demand Future Outlook Indonesia
To know more, click on the link below:
Related Reports:
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Friday, December 15, 2017

UK PVC Pipes and Fittings Market will be led by Increasing Focus on Recycling and Reuse of Ageing Pipes Coupled with Growing Interest in Rainwater Harvesting Systems: Ken Research

UK PVC pipes and fittings market size, market segmentations by type of PVC pipes (chlorinated PVC pipe, regular PVC pipe, plasticized PVC pipe and fittings), by application (plumbing, sewerage, water infrastructure, industrial sector, gas supply, cable protection and others), by market structure (organized and unorganized market) and by sales (domestic sales and exports). The report also covers market in different aspects such as decision making parameters to choose a manufacturer, trends and developments, issues and challenges, Porter’s Five Force analysis, regulatory scenario, market share of major PVC pipe and fittings manufacturers, recent industry activities and opportunities, company profiles of major PVC pipe manufacturers (Wavin N.V., Rehau Ltd, Baltimore Aircoil Company, Premier Tech Aqua, Aerzener Maschinenfabrik GmbH, WILO SE, Endress Hauser) in PVC pipe and fittings market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
A steady shift towards PVC pipes and fittings due to costs, ease of installation and a growing product range have aided overall market growth.
PVC pipe and fittings market in UK has been driven by unpredictable rainfall patterns and climate change which has resulted in growth in demand for high capacity gutter systems.
PVC pipes in UK has achieved good growth rate in last five years and the market is expected to grow at a better pace in coming years during 2018-2022. UK PVC pipe and fittings market is set to show promising growth over the next five years on account of improving levels of construction in the commercial and housing sectors and falling raw material prices. PVC pipes continue to dominate the above ground rainwater guttering, soil and waste pipe work sectors in the country. The country has witnessed high volume of imports majorly from European nations and other developed countries which will further aid the overall market growth in upcoming years.
Increasing pressure to preserve resources and growing public concerns about the cost of water usage have also led to a growing interest in rainwater harvesting systems. These systems are increasingly gaining prominence in the country owing to an increased interest in general water management, supported by the heavy rainfall and more volatile weather patterns over the last four years, across the UK. The future outlook of PVC pipes and fittings is expected to be positive owing to growth of new construction levels and increasing RMI expenditures. Private housing projects are expected to experience steady growth in the medium to longer term, while the private commercial sector is likely to drive new build demand in the non-domestic market.
PVC Production in UK, PVC Resin Consumption in UK, Polymer Production in UK and Number of Residential Units are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.
Ken Research in its latest study, UK PVC Pipe and Fittings Market by type of pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by application (Plumbing, Sewerage, Water Infrastructure, Industrial Sector, Gas Supply, Cable Protection and Others) - Outlook to 2022, suggests that demand for PVC pipes in the market will grow at a positive growth rate majorly owing to increasing imports coupled with improved water supply infrastructure.
Key Topics Covered in the Report:
UK PVC Pipe Market Research Report
UK PVC Pipes and Fittings Market Size
UK PVC Pipe demand in 2017
Competition UK PVC Pipe Industry
Market Share of Major Players in UK PVC Pipe
Future Outlook for UK PVC Pipe and Fittings
Production Capacity UK PVC pipe industry
Import and Export Scenario of PVC in UK
Wavin N.V. market share UK PVC pipe Industry
Aerzener Maschinenfabrik GmbH Production Capacity
UK PVC Pipe future growth expected
CPVC pipe and fitting industry UK
RPVC pipes and fittings market research report
Major Plastic Pipe Associations in UK
Performance Pipe demand UK PVC pipe
For more information on the market research report please refer to the below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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UK PVC Pipe and Fittings Market Witnessed Growth Owing to Improving Level of Construction Activities in the Country Coupled With Falling Raw Material Prices: Ken Research

Technology development, improved reliability supported by availability of a wider range of products and price were the key factors driving growth in UK PVC Pipe and Fittings Market.
The report titled “UK PVC Pipe and Fittings Market by type of pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by application (Plumbing, Sewerage, Water Infrastructure, Industrial Sector, Gas Supply, Cable Protection and Others) - Outlook to 2022” by Ken Research suggested that extensive use of PVC pipes in plumbing and water applications will result in market growth at a positive CAGR in revenues in UK PVC pipes and fittings market in next 5 years till 2022.
PVC pipes in UK are mainly used in residential and commercial sectors for major applications including plumbing and pipes for rainwater, soil and waste, drinking/potable water, gas supply and others. It has been observed that UK has steadily shifted towards PVC pipes and fittings due to less installation and maintenance costs, ease of installation, high durability and reliability. The companies have been exerting greater focus on sustainability throughout the production and distribution chain, particularly focusing on recycling and the use of recycled materials. Additionally, unpredictable rainfall patterns and changing climatic conditions in UK have increased demand for high capacity gutter systems in the country.
PVC pipes and fittings market has additional opportunities in varied sectors including budget and luxury hotels, care homes and student accommodation. The education sector has vast opportunities in PVC pipe and fittings market where around 70% of washroom installations in the country are over 20 years old and many heating systems are aged. PVC pipes have been witnessing major innovations with the introduction of PVC-O, PVC-M pipes which has aided the overall market growth of UK PVC pipes and fittings market.
Key Topics Covered in the Report:
UK PVC Pipe Market Research Report
UK PVC Pipes and Fittings Market Size
UK PVC Pipe demand in 2017
Competition UK PVC Pipe Industry
Market Share of Major Players in UK PVC Pipe
Future Outlook for UK PVC Pipe and Fittings
Production Capacity UK PVC pipe industry
Import and Export Scenario of PVC in UK
Wavin N.V. market share UK PVC pipe Industry
Aerzener Maschinenfabrik GmbH Production Capacity
UK PVC Pipe future growth expected
CPVC pipe and fitting industry UK
RPVC pipes and fittings market research report
Major Plastic Pipe Associations in UK
Performance Pipe demand UK PVC pipe
For more information on the market research report please refer to the below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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