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Industrial/Retail Freight Segment will Continue to Dominate Oman Warehousing Market by the year 2022: Ken Research

01-10-2020 01:04 PM CET | Logistics & Transport

Press release from: Ken Research

Industrial/Retail Freight Segment will Continue to Dominate

• In an era of low oil prices, 2018 marks the middle of a five-year diversification strategy that build on Oman’s long term vision to shift from an oil based economy towards other sector and logistics sector of which warehousing is an important component, constitute a major part of that strategy.
• The Sultanate aims to increase the GDP contribution of the logistics industry from RO 1.1 Billion currently to RO 3.3 Billion by 2020 which in turn will increase the demand for warehousing space.
• Rising standard of living of the people of Oman coupled with a significant young population will create huge demand in the country which will create opportunity for the logistics sector in a significant manner.

Oman’s logistics sector is poised to play a major role in the economic future of the company. In an era of low oil prices, 2018 marks the middle of a five-year diversification strategy that build on Oman’s long term vision to shift from an oil based economy towards other sector and logistics sector of which warehousing is an important component, constitute a major part of that strategy. As geographical considerations of shipping directly to consumers become more complex, many IT companies in the country are expanding their management systems and solutions which will allow warehouses to become more flexible in order to meet customer requirements in the future.

The strategic geographical location of Oman overlooking Arabian Sea and Indian Ocean lends it a massive advantage in its quest to become the logistics spearhead of GCC. The Sultanate aims to increase the GDP contribution of the logistics industry from RO 1.1 Billion currently to RO 3.3 Billion by 2020 which in turn will increase the demand for warehousing space. For this the Omani government has made massive investment to develop the three major ports, Sohar, Duqm and Salalah into economic zones supported by major logiitcs infrastructure like airports, industrial zones and connectivity to GCC rail network.

Warehousing facilities plays a vital role in the overall supply chain process. In Oman, the companies operating within this segment were witnessed to adopt a warehouse management system that supports multi-location management, through effective order management, auto-refilling of inventory, auto generate purchase order to supplies and receiving automatic updates against inbound orders. Emerging warehousing technologies such as EDI Communications, drones, Radio Frequency Identification (RFID), cloud storage and usage of robotic technology are further expected to boost the demand for warehousing facilities in Oman.

Analysts at Ken Research in their latest publication - titled “Oman Warehousing Market Outlook to 2022 – By Number of Warehouses (Muscat and Others); By End User (Food and Beverage, Chemicals, Oil and Gas, Electronics, Agriculture and Others; and By Business Model (Industrial / Retail Freight, Container Freight, Cold Storage, Agriculture and Others); By Regional Landscape and By International and Domestic Companies” believe that resource expansion / diversification, automation in warehousing and appropriate location preferences for setting up a logistics hub will create a positive impact on the market.

Oman warehousing market is expected to register a positive CAGR of 9.5% during the forecast period 2018-2022. The market is further expected to be driven by continuous flow of FDI from foreign multi-nationals and the government’s efforts towards the development of logistics infrastructure and consistent economic growth.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/oman-warehousing-market/149661-100.html

Products Covered:
By End User (Food and Beverage, Chemicals, Oil and Gas, Electronics and Others; By Business Model (Industrial / Retail Freight Warehousing, Container Freight Station, Cold Storage, Agriculture Warehousing and Others Warehousing); By Regional Landscape and By domestic and Foreign Companies

Companies Covered:
GGL Logistics
Oryx Logistics
GAC Logistics
Avvashya CCI Logisitcs
Logwin Logisitcs
Enhance Oman

Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/142316-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/malaysia-logistics-market-research-report/142315-100.html

https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/singapore-logistics-warehousing-market/134595-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistics-warehousing-market-report/87939-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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