Kuwait Warehousing Market is Expected to reach USD million by 2022: Ken Research.

Presentasi berjudul: "Kuwait Warehousing Market is Expected to reach USD million by 2022: Ken Research."— Transcript presentasi:

1 Kuwait Warehousing Market is Expected to reach USD 373.8 million by 2022: Ken Research

2 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). Company Profiles of major players in Kuwait Warehousing market including Agility Kuwait, KGL Logistics, Dolphin Logistics and DHL Kuwait. Analysts at Ken Research in their latest publication “Kuwait Warehousing Market by 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)-Outlook to 2022” believe that capacity expansion, tie ups with e-commerce players and using innovative technologies in the industry will aid Kuwait warehousing market.Kuwait Warehousing Market by 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)-Outlook to 2022 Kuwait warehousing industry is set to soar due to growing e-commerce market with the rise in demand of online shopping and imported electronic goods in the country. Government investment in logistics sector in Kuwait will positively influence the market in a positive manner in the forecast period.

3 Rising Demand of fresh fruits and vegetables in near future will boost up the demand for warehousing services in Kuwait. The e-commerce market in Kuwait is expected to reach USD 1.1 billion in 2020 owing to the rise in online shopping. The consumers are shopping online for various products such as electronics, Fashion, apparels, accessories and others. The country is also experiencing rise in the m-commerce sales due to high smart phone penetration rate in the country and the ease of purchase through the mobile applications. Souq.com is a leader in innovative marketing. The government approved USD 104.0 billion for the National Development Plan. Government in Kuwait has plans to in the logistics sector in coming years such as new airport, a mega port for Bubiyan Island and rail and bridges for improvement of the logistics sector. The domestic production capacity of the country is not enough to cater for growing demand for fruits and vegetables in the country as the country has a total arable land of 10,600 hectare which is 0.6% of the total area. The soil in Kuwait is low in nutrient and organic content and has poor moisture retaining capabilities. Hence, the production is low. The rising demand for fresh fruits and vegetables in the country has led to high requirement of warehousing market.

4 Kuwait is improving electronics customs systems and processes which will further make it easier to do business in the country. Kuwait Warehousing market is expected to register positive CAGR of around 10.1% during the period 2017-2022. Rising e-commerce and use of updated technology in warehousing services will further drive the demand for industrial and cold storage warehouses in Kuwait. To know more, click on the link below: https://www.kenresearch.com/automotive-transportation-and- warehousing/logistics-and-shipping/kuwait-warehousing- market/150167-100.html Related Reports: https://www.kenresearch.com/automotive-transportation-and- warehousing/logistics-and-shipping/vietnam-logistics-market/144734- 100.html https://www.kenresearch.com/automotive-transportation-and- warehousing/logistics-and-shipping/poland-logistics-market/149100- 100.html

5 https://www.kenresearch.com/automotive-transportation-and- warehousing/logistics-and-shipping/australia-logistics-warehousing- market/142255-100.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Sales@kenresearch.com

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