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Value Chain Analysis for Kuwait Logistics Market

12-18-2017 11:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

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

Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. Our market research reports provides market sizing analysis, insights on promising industry segments, competition, future outlook and growth drivers in the space. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.

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