Showing posts with label Cold Storage Warehouses in Kuwait. Show all posts
Showing posts with label Cold Storage Warehouses in Kuwait. Show all posts

Monday, July 9, 2018

Kuwait Warehousing Market is Expected to Register CAGR of 10% in Next 5 years till 2022: Ken Research



Analysts at Ken Research in their latest publication Kuwait Warehousing Market Outlook to 2022 – b y Business Model (Industrial Freight/ Retail, Container Freight, Cold Storage, Agricultural Warehousing) by End Users (Food and Beverages, Chemicals, Electronics, Pharmaceuticals, E-Commerce, Consumer Durables and Others) believe Kuwait Warehousing market is expected to register positive CAGR of around 10.1% during the period 2017-2022 with anticipated warehousing capacity expansion, tie ups with e-commerce players and mainstream application of innovative technologies in the industry.

Rising Demand of fresh fruits and vegetables in near future will increase the demand for warehousing services (cold storage) in Kuwait. Kuwait warehousing industry is anticipated to grow due to rising e-commerce market with the increase in demand of online shoppers and imported electronic goods in the country. Rising government investment in logistics sector will positively influence the warehousing market during the forecast period.

In Kuwait, demand for warehouses will be dominated by food and beverage industry as country is largely dependent on imports for dairy products, food items, fruits and vegetables. Since, country has a total arable land of 10,600 hectare which is 0.6% of the total area and the soil in Kuwait is low in nutrient and organic content along with it has poor moisture retaining capabilities. This has led to low production capacity which significantly increases the demand for importing vegetables and fruits in the country to meet the food requirement of people in the country.

E-Commerce industry in Kuwait will contribute a significant demand for warehouse as e-commerce market in Kuwait is expected to reach USD 1.1 billion in 2020 owing to the rise in online shoppers. However, e-commerce industry contributes a minimal share in revenue generation for the warehousing industry, but with the growth in online shoppers and increasing demand for imported items in future will contribute a major share in expansion of warehousing industry. Import of various electronic goods, fashion/apparels products, other grocery items and to store these imported goods, end users will require more number of warehouses in future.

To expand the warehousing industry further, government of Kuwait has planned to develop new warehouses in the upcoming years along with a couple of infrastructure projects which are already under construction such as construction for mega port for Bubiyan Island, rail and bridges for improvement of the logistics sector. To support this investment, Kuwait government has also approved USD 104.0 billion for the national development plan in the country. Kuwait is improving electronics customs systems and processes which will further make it easier to do business in the country.

Products Covered:
Kuwait Logistics and Warehousing Market by Business Model (Industrial Freight/Retail, Container Freight, Cold storage, Agriculture and others) by End User (Food and Beverage, Chemicals, Electronics, Pharmaceutical, E-Commerce, Consumer Durables and Others)

Companies Covered:
Agility Kuwait, KGL Logistics, Dolphin Logistics and DHL Kuwait

To know more, click on the link below:

Related Reports:



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

Monday, December 18, 2017

Kuwait Logistics Market is Anticipated to Grow at a CAGR of around 5% during 2018-2022: Ken Research

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.

The oil sector plays a dominant role in the Kuwaiti economy, with the country estimated to own roughly 6.0% of the world’s 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. 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.

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
·         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:

Related Reports


Contact Us:
Ken Research
Ankur Gupta, Head Marketing
+91-124-4230204