Oman Freight Forwarding Market Segmentation
By freight movement : The freight forwarding industry grew during the review period 2012- 2017 . The sea freight segment dominated Oman freight forwarding despite a sharp decline compared to previous year majorly due to increase in roadways trade among GCC neighbors . The road freight segment despite being second by volume has the smallest contribution by value on account of cheap rates as compared to air freight . The air freight segment followed road freight segment in Oman freight forwarding market during 2017 .
By International and Domestic Freight : International freight forwarding has accounted for majority of the revenues for overall Oman freight forwarding market in the year 2017 . The country exports significant amount of Mineral fuels and derivatives , Vehicles -Parts and Accessories , Organic chemicals , Aluminum and articles , Fertilizers , Iron and steel to other countries and imports machinery and mechanical appliances , vehicles- parts and accessories , mineral fuels and derivatives , electrical machinery and equipment and parts , articles of iron or steel , natural or cultured stones and metals etc .
Competitive Landscape of Oman Freight Forwarding Market
The freight forwarding industry in Oman was observed as highly fragmented with the presence of both domestic as well international freight forwarders in the country . On the basis of revenue , major freight forwarding companies amongst the air freight segment includes – DHL Express , FedEx , TNT , UPS and others .
Oman Warehousing Market
A key driver behind Oman ’ s significant warehousing market growth is the location , considering that it is an intermediary trade corridor leading to it being an ideal pit stop for goods being transported between the western and Asian regions . Warehousing is gaining prominence due to economic diversification , air port and sea port upgrades , expansion of industrial parks and free zones
By end users : The food and beverage industry is the predominant user of warehousing facilities for the preservation and storage of processed food and beverage products and registered the highest contribution to the Oman warehousing market revenue in 2017 . The chemical industry followed food and beverage considering the high level of delicacy involved when handling industrial chemicals .
By business model : The industrial / retail freight segment dominated overall Oman warehousing market with a massive revenue share in the year 2017 . The rise in the industrial sector over the years gave an opportunity to the warehousing market to increase in numbers making a positive