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 m arket 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 f ew 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.