Kuwait Logistics and Warehousing Market is Expected to Reach Around USD 3.4 Billion in 2022: Ken Research
GURUGRAM, India, November 13, 2018 /PRNewswire/ --
- Express services are likely to become more significant in near future as Kuwait economy is increasingly becoming integrated due to rapid expansion in international trade services.
- Kuwait freight forwarding 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.
Government Investment in Logistics Sector: Kuwait logistics and warehousing market has evolved in recent years owing to rising globalization, which has increased trade activities in the country thereby, Kuwait government has planned to invest across strategic sectors under Kuwait Development Plan (KDP) 2015-2020. The investments will be majorly for the transport and logistics infrastructure which will further accomplish the goal of establishing Kuwait as commercial hub in Northern Gulf. Moreover, government plan largely aims to advance competitiveness in Kuwait through the establishment of several projects such as developing seaports, airports, roads and railways which will in-turn directly lead to the rise in logistics activity in the country.
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Increase in demand for Time Bound Deliveries: In Kuwait, people largely demand for time bound deliveries coupled with quality services which is expected to drive the express delivery market in the coming years. The express delivery companies have build a door to door linkage across domestic and international markets and have developed advanced shipment tracking facilities to cater time-sensitive needs of the Kuwait logistics sector. Moreover, it is anticipated that the need for time bound deliveries will boost with economic growth and development of trade and commerce thus creating growth opportunities for the express industry in Kuwait.
Growth in E-commerce Industry: In the forecast period, it is anticipated that E-Commerce industry in Kuwait will contribute a significant demand for Freight forwarding 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 freight forwarding industry, but with the growth in online shoppers and increasing demand express delivery for imported items in future will contribute a major share in expansion of freight forwarding market.
Analyst at Ken Research in their latest publication "Kuwait Logistics and Warehousing Market Outlook to 2022 - By Freight Forwarding/ Transportation, Warehousing and Value Added Services, E-commerce Logistics, Express Delivery, Third Party Logistics" believe that expansion of network, innovation in technology, better quality of service and modernization in custom process will create a positive impact in the Kuwait logistics and warehousing market. The Kuwait market is expected to register a positive CAGR of 9.0% during the forecast period 2018E-2022E. The market is further expected to be driven by escalating industrial activities, rising E-commerce industry and continuous investment by the government in expansion of logistics infrastructure and consistent economic growth.
Keywords
- Logistic Cost in Kuwait
- Logistics and Warehousing Market Kuwait
- Kuwait Logistics Industry
- Kuwait Logistics Market
- Transport Infrastructure Kuwait
- Seaport Operations Kuwait Logistics Market
- Airport Operations Kuwait Logistics Market
- Freight Forwarding Market Kuwait
- Kuwait Logistics Warehousing Market Size
- Kuwait Freight Forwarding Market Size
- Logistics Services in Kuwait
- Freight Forwarders Kuwait Logistics Industry
- Logistics Companies Kuwait
- Freight Forwarding Future Outlook Kuwait
- Express Logistics Market Kuwait
- Role Express Delivery Kuwait
- Kuwait Logistics Market Competition
- Shipping Fleet Major Kuwait Seaports
- Cargo Output through Kuwait Seaports
- Growth Express Delivery Services Kuwait
- Major Players Express Delivery Kuwait
- Kuwait E-commerce operations
- E-commerce Logistics Players Kuwait
- Kuwait E-Commerce Logistics Market Size
- E-Commerce Logistics Growth Drivers
- Future Growth E-Commerce Logistics Kuwait
- Trends and Development Kuwait Logistics Industry
- Issues and Challenges Kuwait Logistics Industry
- Logistics Company in Kuwait Setup
- Government Regulations Kuwait Logistics
- Warehousing Services in Kuwait
- Kuwait Warehousing Industry
- Warehousing Type Kuwait
- Warehousing Market Size Kuwait
- Kuwait Cold Storage Warehouse
- Value Added Services Kuwait
- SWOT Analysis Kuwait Logistics Industry
- Future Growth Kuwait Logistics and Warehousing
Key Segments Covered
By Logistics Service Mix
- Freight Forwarding
- Warehousing
- Value Added Services
Freight Forwarding Market:
By Freight Movement
- Sea
- Air
- Road
By Mode of Freight:
- International Freight
- Domestic Freight
By Type of Delivery
- Normal Delivery
- Express Delivery
By Flow Corridors
- Asia
- Europe
- North America
- GCC and Others
By Companies
- International Companies
- Domestic Companies
By End Users
- Oil and Gas
- FMCG
- Construction
- Others
Warehousing Market:
By Business Model:
- Industrial / Retail Freight
- Container Freight
- Cold Storage
- Agricultural Warehousing
By End Use
- Food and Beverages
- Electronics
- Chemicals
- Pharmaceuticals
- E-commerce
- Consumer Durables and others
Express and E-commerce Market:
Express Logistics Mode of Transport
- Road Express
- Air Express
Express Logistics Delivery Type
- International Express
- Domestic Express
Express Logistics Business Mode
- B2B
- B2C
- C2C
E-Commerce Logistics Channel
- E-Commerce Merchants
- 3PL Companies
E-Commerce Logistics Time Duration
- Same Day Delivery Within Five Hours
- Delivery Within Five Hours
- Others (Delivery Beyond 2 Days)
E-Commerce Logistics Payment Method
- Cash On Delivery
- Others
Key Target Audience
- Shipping Companies
- Freight Forwarders
- Logistics Association
- Warehousing Companies.
- Express and E-Commerce Logistics Companies
- Consulting service providers
- Private Equity/ VCs/ Investment Banking Companies
Companies Covered (Freight Forwarding):
- Agility Kuwait
- KGL Logistics
- CEVA Logistics
- GAC Logistics
- Hellman Kuwait
- UAGSCO Shipping and Logistics
- DHL Logistics
- ARAMEX Kuwait
- Dolphin Logistics
- Leaders International Shipping
- Enkay Express
- Others (Crown Logistics, Kuwait Logistics and Freight, Mubarrad Transport, Dosmic International, Global Logistics and Alghanim Group of Shipping and Transport)
Companies Covered (Warehousing):
- Agility Kuwait
- KGL Logistics
- Dolphin Logistics
- DHL Logistics
Companies Covered (Express and E-Commerce)
- DHL Express
- ARAMEX Kuwait
- FedEx Express
- UPS Express
- SKYCOM Express
- OCS ANA GROUP
- Jeezan Cargo
- Frontline Express
For more information on the research report, refer to below link:
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