Increasing Prominence of Express Delivery Logistics Backed Up with Rising E-commerce in the country will foster Growth in Kuwait Logistics Market: Ken Research
Posted on 18 December 2017 by KenResearch Automotive, Transportation and Warehousing,
The research report on Kuwait logistic includes freight forwarding, warehousing, cold chain, third party logistics, express delivery market size in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of 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 major players (Agility, KGL, Mubarrad Transport, Globe Express Services, DHL, Al-Rashed International Shipping Co, Aramex) operating in the market. The report includes future outlook and projections of the Kuwait logistics market, freight forwarding market, cold chain market, warehousing market, 3PL market and express delivery logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report.
2017 | Kuwait News
- Growth of logistics market is expected to be driven by expanding industrial activities, rising FMCG sector, manufacturing & retail sector, increasing number of logistics companies and rising prominence of frozen food in the country.
- Government initiatives such as new airport, a mega-port for Bubiyan Island, as well as bridges and rail network for land freight will aid the overall market growth.
Kuwait is considered as one of the most lucrative markets for logistics industry. The government of Kuwait has outlined a number of infrastructure projects and upgrades to be implemented as part of Kuwait Development Plan, with enhancements of sea and air links, a major priority for the country. The government has approved a USD 104 billion National Development Plan that includes construction of major roadways, a new airport, new hospitals, new residential developments and other initiatives that will support the logistics market of the country. Additionally, rising retail and FMCG industry of the country will accelerate the demand for warehouses, transportation & logistics facility.
It is expected that GDP rates will steadily improve throughout the course of the forecast period in line with correction in oil prices, benefiting trade volumes. Increasing oil prices will stabilize the economy and increase exports which will aid the overall logistics sector of the country. Kuwait has gained prominence in the e-commerce industry which has resulted in rising demand for express delivery and third party logistics. Moreover, positive growth in domestic demand and private consumption has driven the increase in freight forwarding in domestic market, with relatively higher demand for pharmaceuticals and premium goods also working in favor of logistics market in Kuwait.
Rising Import and Export of Goods in Kuwait, growing air transport freight and increasing number of enterprises in transportation industry 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, 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, suggests that demand for logistics in the country will grow at a stable growth rate owing to rising oil prices and increasing exports to foreign countries.
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 delivery logistics revenue 2017
International domestic revenue Kuwait logistics
Growth Kuwait Express Logistics Industry
For more information on the research report, refer to below link:
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Ankur Gupta, Head Marketing