The Global “GCC Warehousing And Distribution Logistics Market” 2019-2024 report gives an overview of the relevant market including analysis, latest market trends and developments including features, technology and market chain types, applications and top manufacturers. Residential Ice-Cream Machine market research report also gives an analysis of the key players along with upcoming industry supply, market demand, price, competition and industry forecast from 2019 to 2024. The report is the opinion of industry experts and gives an overview of the past Year and current market condition.
The GCC Warehousing And Distribution Logistics market was estimated to witness a CAGR of 14% during the forecast period (2019-2024).
The GCC Warehousing And Distribution Logistics market is highly competitive and consists of a number of major players. Top Companies like Agility Logistics, GWC (Gulf Warehousing Company), DB Schenker Logistics, DHL Group, General Silos & Storage Co., GAC, Aramex, Integrated National Logistics, LSC Logistics and Warehousing Co., Kuehne + Nagel among others
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Scope of the Report
The warehousing and distribution logistics market in GCC covers the different aspects, like warehousing technology, different segments of warehousing, like general, dangerous goods, and refrigerated warehousing, along with insights on free zones and industrial parks, and effects of e-commerce.
Key Market Trends
Growing Warehousing Opportunities in Kuwait
Kuwait City has an abundance of storage space, where most commercial activities are centered and where the international airport and a big port are situated. Sulaibiya is an industrial area to the south-west of the city center, located conveniently next to the 6th Ring Road, providing easy access to the highways. There are other private storage spaces (300 m. sq. to 1000 m. sq.) in Kuwait City, and Al Salmia. Doha and Al-Jahra, located to the west of the city center, have a good location with easy access to the highways. Mina Abdullah is another industrial area, near Shuaiba Port, which is situated about 45 km to the south of Kuwait City, where private and public sector warehousing is rising. Many of them are related to the oil refineries or the Kuwait National Petroleum Company (KNPC).
Kuwait is relying heavily on the well-functioning cold chain facilities to support the import of food. Additionally, there are cold chain facilities at both Kuwait International Airport and Shuwaik Port; at the airport, the facility is operated by NAS Cargo with multi-temperature warehouses, including frozen storage and cold rooms, and at Shuwaikh Port, chilled and frozen rooms are operated by Refrigeration Industries (RIC).
The growing population of the country and increasing import and export volumes underscore the need for investment in warehousing services, in particular. Private sector logistics service providers control a considerable part of the supply of inland warehousing space in Kuwait. Government efforts to increase the supply of new warehousing facilities are expected to gradually expand capacity while leaving sizeable market space in warehousing and warehousing related value-added services for local and international investors.
The developing industrial area in Kuwait, along with the flourishing food storage market, has emerged as an opportunity for the warehousing market to grow in the country. Additionally, robust warehousing and storage infrastructure in Kuwait has led to improving the warehousing market
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E-commerce Growth Driving the Market
The GCC e-commerce market is expanding with increasing competition, driven primarily by the United Arab Emirates, and Saudi Arabia is expected to remain the largest and fastest-growing e-commerce market in the region, with consumer electronics and fashion being the strongest categories. The trend in 2019 will be increased sales numbers for e-commerce players in the GCC. The estimated e-commerce growth rate for the period from 2015 to 2020 is the highest for the United Arab Emirates, with a 44% increase.
The GCC region aids from high spending potential, as the region records a high per capita income. Additionally, internet penetration and social media penetration are also among the best in the world, meaning that the GCC is ready for strong growth in the e-commerce market. Amazon acquired Dubai-based Souq.com in 2017, which had over 50 million customers and operations in all GCC states, positioning itself as a major e-commerce player in the region. Amazons entry in the region is also an indication of the market potential. Amazon, since its entry into the market, has been expanding its warehousing space across the region. E-commerce growth is closely related to the growth of the warehousing market, as it is forcing warehouses to upgrade, for greater reliability, higher efficiency, and a better fit for customers.
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Highlights of this 2019-2025 GCC Warehousing And Distribution Logistics Market Report:
- Market dynamics, GCC Warehousing And Distribution Logistics economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;
- GCC Warehousing And Distribution Logistics industry players at the general regional industry and economy synopsis;
- Deep analysis of the most significant market players included by Worldwide GCC Warehousing And Distribution Logistics Market study report;
- Understand more about the market plans that are increasingly now being adopted by leading GCC Warehousing And Distribution Logistics businesses;
- Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;
- Strategically profile the key players and comprehensively analyze their growth strategies.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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