Market Research Reports - Ken Research Warehousing Type Kuwait, Sea Transport Kuwait

Kuwait Logistics and Warehousing Market Future Outlook to 2022: Ken Research
The report titled “Kuwait Logistics and Warehousing Market Outlook to 2022 – By Freight
Forwarding/ Transportation, Warehousing and Value Added Services, E-commerce Logistics,
Express Delivery, Third Party Logistics” provides a comprehensive analysis of logistics and
warehousing services in the Kuwait.
Kuwait Logistics and Warehousing Market Size
Kuwait logistics and warehousing market has witnessed increasing demand of maritime,
aviation and land transport systems to ensure efficient flow of resources and commodities
within the country as well as to other countries globally. Kuwait is majorly focusing on
improving its trade relations which led to the growth in import and export in terms of value and
volume. As trade has a direct correlation with logistics industry, the market has grown
positively during the review period. Kuwait logistics and warehousing market augmented
positively at a positive single digit CAGR during the review period 2012-2017.
Kuwait Freight Forwarding Market Overview
The growth of freight forwarding in Kuwait was supported by development in major industries
such as oil and gas, manufacturing, retail, wholesale, construction, agriculture and mining. The
Kuwait market witnessed the entry of many foreign players as flexible policies were introduced
by the government to boost the economic growth of the country.
Sea (Inland Waterway and maritime) dominated in freight movement in freight forwarding
market in 2017 due to major cargo transportation taking place through ocean such as oil and
gas. Air contributed second highest revenue share to the freight forwarding market majorly
driven by the express shipments in the country. On the other hand, road contributed the least
share and is generally used for the domestic shipments.
International freight forwarding dominated the freight forwarding industry in Kuwait owing to
the free trade agreements of GCC with European Free Trade Association and Trade and
Agreement Framework Agreement with the US.
There are approximately 55 courier companies in Kuwait which provides normal delivery
service. The freight forwarding industry in the country is moderately fragmented with the
presence of both domestic and international players in the industry. Companies in the Kuwait
have been focusing towards providing data oriented solutions and other services for
operational excellence, timely customer support and the effective adherence of the consumers’
expectations, thus providing customer satisfaction and retain customers.