Aramex Competition Kuwait Logistics, Cold Storage Warehouses in Kuwait

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Kuwait Logistics Market is Anticipated to Grow at
a CAGR of around 5 during 2018-2022 Ken Research
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Increasing Government initiatives in Various
Sectors, Increasing Prominence of 3PL Services
backed up with Trade Scenario of the Country are
the key factors driving growth in Kuwait
Logistics Market. Rising e-commerce industry in
the country has triggered the demand for
logistics and warehousing services in past few
years. This has also accelerated the market size
of express delivery. Majority of the companies in
the country have tie ups with logistic companies
to ship their products from warehouses to the end
customers. The rise in demand for freight
forwarding services from the factory units to the
retail stores has also aided the overall market
growth of the logistics industry. The warehousing
companies have increasingly gained prominence in
the market owing to high demand for storage of
retail goods.
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The oil sector plays a dominant role in the
Kuwaiti economy, with the country estimated to
own roughly 6.0 of the worlds oil reserves. Oil
exports account for over 90 of Kuwaiti
government revenues and 50 of nominal GDP. After
the decline in oil prices since 2015, the
logistics industry in Kuwait has witnessed
decline in growth rate majorly owing to fall in
trade of the country. Owing to dip in oil prices,
the government of Kuwait has been largely
focusing on economic diversification which has
opened gates for several key projects in the
power, transportation and health sectors which
sustain spending and imports of materials such as
ores and metals. Additionally, increase in the
retail stores, super hyper marts in the country
has triggered the demand for logistics
warehousing space. In Kuwait, the freight
forwarding market is highly prevailing on account
of expanding e-commerce, retail manufacturing
and express delivery industries. Rising
e-commerce industry in the country has triggered
the demand for logistics and warehousing services
in the past few years.
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This has also accelerated the market size of
express delivery, as all the companies in
e-commerce industry in the country are offering
the express delivery services. The demand for
fresh and processed fruits vegetables, meat,
dairy and others are on rise with the increase in
the urban and affluent population supported by
change in their consumption habits which has
aided the cold chain logistics industry
revenue. The report titled 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 by Ken Research
suggested that increasing demand for cold storage
goods and express delivery services will result
in market growth at a positive CAGR in revenues
in Kuwait logistics market in next 5 years till
2022.
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Key Topics Covered in the Report 3PL Companies
In Kuwait Agility Fleet Size Kuwait Future of
Kuwait Logistics Market Air Freight Demand Aramex
Competition Kuwait Logistics Cold Storage
Warehouses in Kuwait Cold Transport Services in
Kuwait Competition In Kuwait Logistics Market DHL
Revenue Kuwait Logistics Freight Forwarding
Companies in Kuwait Globe Express Services Market
Logistic Sector Globe Express Services Revenue
From Logistics Government Spending on Logistics
and Infrastructure Kuwait Growth Freight
Forwarding Market Kuwait Growth Kuwait Express
Logistics Industry
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International Domestic Revenue Kuwait
Logistics Kuwait Cold Chain Revenue Kuwait
Express Delivery Logistics Revenue 2017 Kuwait
Freight Forwarding Revenue Kuwait Logistics
Market Future Growth Kuwait Logistics Market
Size To know more click on the link
below https//www.kenresearch.com/automotive-tran
sportation-and-warehousing/logistics-and-shipping/
kuwait-logistics-market-research-report/142296-100
.html
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ml Contact Us Ken Research Ankur Gupta, Head
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