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Oman Express Logistics Market is Expected to Register a CAGR of 11.7% during 2018-2022: Ken Research

01-10-2020 01:09 PM CET | Logistics & Transport

Press release from: Ken Research

Oman Express Logistics Market is Expected to Register a CAGR

• Express services are likely to become more significant in near future as Oman’s economy becomes increasingly integrated owing to rapid growth in international trade services.
• Growth in E-commerce industry will drive the express delivery market owing to the rising demand of this service for B2C business segment.

Express delivery services in Oman will experience significant growth owing to significant technological advancements. In this process, various logistics systems have been presented, such as spoke-hub paradigm, as well as new information technology, called GIS method. Adopting these systems, express delivery service companies can optimize their logistics process in near future by controlling costs and speeding up delivery.

The rising prominence of online shopping will also contribute towards a long term growth for EDS (Express Delivery Segment), especially by B2C segments in future. In accordance with Oman e-commerce association, the rapid development of online trading activities has opened great opportunities for express delivery firms in the domestic market.

It has also been anticipated that the express market will be majorly driven by the push from Sultanate of Oman Logistics Strategy 2040 (SOLS 2040), a roadmap to increase logistics revenue contribution to Oman’s GDP to 10% from current 4.9%. Sizeable financial commitments from the government towards development of Muscat and Salalah airports and projects to develop high quality road infrastructure will lead to increased handling and delivery of freight from Oman.

The future is digital and the express logistics industry is increasingly seeing disruptions from the entry of technology. The market is seeing innovations using Artificial Intelligence (AI), cloud-based analytics, modular software, autonomous vehicles, Radio Frequency Identification (RFID) and others. These technological innovations will have a huge impact on parameters of service efficiency like level of automation, easy access to clients, cost reduction, time expended and human resources needed
Analysts at Ken Research in their latest publication “Oman Express Logistics Market Outlook to 2022 – By International and Domestic Express” believe that infrastructural development, E-commerce tie-ups, technological advancement and robust customer feedback system will have a positive impact of market. Oman express logistics market is expected to register a positive CAGR of 11.7% during the forecast period 2018-2022.

For more information on the research report, refer to below link:

Related Reports:

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

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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