Gurugram, India, July 18, 2022 (GLOBE NEWSWIRE) --
- There are 900K+ import/export containers in three ports of Kuwait with 10M+ import/export per ton.
- Kuwait's Public Authority for Roads and Transportation (PART) is currently implementing 19 major road projects across the country worth a total of $4.9 Bn.
- Digital transformation will be one of the most prominent pillars of the government's work program in order to develop services and simplify procedures, as government agencies aim towards greater automation of their services.
Kuwait Warehousing Market Overview
Infrastructure Development: The Kuwaiti Government has set up an investment plan for expanding and modernizing the airport. It will include building a new passenger terminal, a third runway and expansion and refurbishment of the two existing runways, a second control tower, taxiways, various platforms and a new administrative building for the aeronautical authority, in addition to a program of projects for air navigation and communications facilities.
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Emergence of New Technologies: Advanced sortation systems, Drones, IoT and Automated guided vehicles are some of the emerging technologies in the Kuwait warehousing ecosystem. Advanced analytics, such as predictive analytics, are leveraged to improve forecasting and drive smarter decision-making in the warehouse.
Focus on Last Mile Deliveries: There is a growing need of last-mile deliveries occupying a critical position. eCommerce sales and demand for quick delivery continue to increase every year. Porter Express serves some of the renowned companies in Kuwait and the surrounding region. Porter Express is looking forward to become a dominant last mile and fulfillment provider in Kuwait after becoming a profitable player in 2020.
Shift to Sustainable Warehousing: Kuwait Warehousing Industry is expected to witness a major shift in warehousing management techniques. Companies plan to use energy efficient equipments, reduce the packaging and utilize biodegradable materials. For example, Kuwait-based logistics provider, Agility has spent $18m in green supply chain technologies through its corporate venture arm Agility Ventures. The two companies that have benefitted from this step are Hyliion and TVP Solar.
The report titled “Kuwait Warehousing Market Outlook to 2026F– “Driven by Rise in Demand for Technologically Advanced Warehouses by Different End Users” provides a comprehensive analysis on the status of the warehousing market in Kuwait. The report covers various aspects including overview of transportation infrastructure, industrial landscape of Kuwait, warehousing market size and segmentations, trends and developments, issues and challenges, regulatory landscape, value chain analysis, competitive scenario and emerging technologies in the industries. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.
Key Segments Covered:-
By Captive and Logistics Companies
- Logistics Companies
- Captive Companies
By Licensed and Non Licensed Warehouse
- Licensed Warehouses
- Non-Licensed Warehouses
By Grade
- Grade A
- Grade B and others
By Commercial Models
- Built to Suit Model
- Long Term Leasing Model
- Rental Models by 3PL
By Warehouse Type
- Dry & Ambient
- Cold Storage
- Open Yards
- Agriculture and Other Warehouses
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By End Users
- Food & Beverages
- Consumer Retail
- Healthcare
- Automotive and Industrial Equipments
- Consumer E-Commerce
- Others
By Consumer E-Commerce
- E-commerce Delivery Stations
- Dark Kitchens/Stores
- Others
By Region
- Mina Abdullah
- Sulaibiya
- Shuwaikh
- Ardiya
- Jahra
- Others
Companies Covered:-
- Agility Kuwait
- KGL Logistics Kuwait
- DHL Kuwait
- City Group
- Aramex
- TransCrate Logistics
Key Target Audience:-
- International Domestic Freight Forwarders
- Warehousing Companies
- Logistics Companies
- Logistics Consultants
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Time Period Captured in the Report:-
- Historical Period – 2016-2021
- Forecast Period –2021-2026F
Key Topics Covered in the Report
- Executive Summary
- Logistics Warehouse Companies in Kuwait
- Kuwait Country and Logistics Sector Overview
- Snapshot of Industrial Market Landscape in Kuwait
- Major Regulations for the Warehousing and Logistics Industry in Kuwait
- Emerging Technologies in Kuwait Warehousing Market
- Key Trends in Kuwait Warehousing Market
- Major Challenges in Kuwait Warehousing Market
- Competitive Landscape in Kuwait Warehousing Market
- Strengths and Weaknesses of Major Warehousing Players in Kuwait
- Detailed Analysis on Kuwait Warehousing Market (Market Size, 2016-2021; Market Segmentation; Market Shares; Competition; Future Market Size, 2026F)
- Competitive Landscape in Kuwait Warehousing Market
- Analyst Recommendations
- Agility Warehouse Space Kuwait
- DHL Warehouse Space Kuwait
- Transcrate Warehouse Space Kuwait
- Aramex Warehouse Space Kuwait
- KGL Logistics Kuwait
- Sulaibya Warehousing Space
- Mina Abdullah Warehousing Space
- Shuwaikh Warehousing Space
- Licensed Warehouses Kuwait
- Non Licensed Warehouses Kuwait
- Logistics and Distribution Centers Kuwait
- Dry Warehousing Revenue Kuwait
- Ambient Warehousing Revenue Kuwait
For more information on the research report, refer to below link:-
Related Reports:-
The industry is home to an extremely strong Freight Forwarding segment, driven by the UAE’s position as a key facilitator for global re-exports. Moreover, given its high dependence on Imports for Consumer Products and Technology, the UAE has strong trade relations with far-Eastern countries, European countries and the US. Given its oil-producing capabilities, the country relies heavily on Sea Freight as a mode of cargo transport, with the service being almost a common feature amongst freight forwarding companies in the country. The UAE also has a strong warehousing market segment, driven by players that lease warehousing space for long durations of time. Warehousing operations near to the Jebel Ali Port and Dubai Airport are considered most favourable to reduce the transportation cost from port to mother-hub. The Courier, Express and Parcel market is driven by growth in Last-Mile deliveries and the E-Commerce segment in the country.
Turkey logistics and warehousing market displayed a consistent growth during the period 2013 to 2018. The growth in the automotive exports coupled with rising e-commerce sector was witnessed to drive the Turkey logistics market. The country also has a robust manufacturing sector that contributes to almost 25% of the country’s GDP and provides the boost to the logistics industry in Turkey. In addition to this, the implementation of Vision 2023 and Logistics Master Plan 2023 by the government also indicates a positive outlook for the industry. The market has increased owing to high domestic consumption and the efforts of government to boost infrastructure. The investments in infrastructure and technology have impacted Turkey logistics market positively.
The cold chain market in Qatar is at the growth stage. It has established its position as an important import hub for the GCC countries (after UAE). Most of the goods are transported to the GCC countries after reaching Qatar. The high dependence of the country on imports to meet its food requirements has decreased over the past years and has necessitated the development of cold chain facilities to store domestically produced perishable products. In the review period 2016-2021P, the Qatar cold chain market has increased at a positive CAGR of 5.8% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, dairy market, and the growing pharmaceuticals industry.
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