Express delivery systems have been measured as a critical segment of the Kuwait logistics market, used for sooner delivery of shipments in comparison to the general services. Express delivery companies have generated a door-to-door linkage in the domestic and international markets and have developed advanced shipment tracking amenities to cater time-sensitive requirements of the logistics sector. The measured shift of the population from the retail shopping to online shopping of electronic items, high internet penetration, daily grocery requirements, apparels and several others in the country has triggered the requirement for express logistics in the country. The geographical location of Kuwait has aided the complete market growth majorly owing to good connectivity with Asia Pacific countries and GCC regions.
According to the report analysis, ‘Kuwait Express Delivery and E-Commerce Logistics Market Outlook to 2022 – By Air Express and Road Express, By International Express and Domestic Express, By Business Mode (B2B, B2C and C2C), By E-Commerce Merchants and 3PL Companies, By Same Day delivery Beyond Five Hours, Delivery Within Five Hours and Others’ states that the E-commerce logistics industry of the Kuwait was witnessed to be concentrated with the existence of key players such as Aramex, DHL and FedEx covering around majority of the market share during 2017. These companies were observed to compete on parameters such as shipping points, coverage area, delivery assistance (last mile) and several others. In addition, these companies in the Kuwait Express Delivery and E-Commerce Logistics Market are effectively working more proficiently for keep maintaining the governing position, leading the highest market growth, generating the highest percentage of revenue, registering the great value of market share, and obtaining the competitive edge by increasing the features and benefits of express delivery and e-commerce logistics, delivering the better customer satisfaction, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of express delivery and e-commerce logistics, improving the qualitative and quantitative measures of such, establishing the several research and development programs and decreasing the associated prices of such.
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The domestic express and logistics firms have a strong existence in countless cities nationwide. In Kuwait express delivery market is greatly dominated by key global players such as DHL, FedEx, Aramex, UPS and others which cooperatively contribute to the majority of revenues in the international express delivery market. The usage of information technology is projected to augment in the express delivery services in Kuwait with growing the competition among the express delivery players across the country. The “last mile” delivery step to the customer will gain more importance during future owing to the increasing share of B2C parcel logistics in the market.
The Kuwait E-commerce industry has observed a positive growth over the past three years. Increment in the smart phones shipments in the country has increased the growth of E-commerce sector in the country. Several logistics service providers propose the additional services and offer discounts for online orders as they aid in deduction of additional management processes. Therefore, it is predicted that during the near period the market of express delivery and E-commerce logistics will augment more proficiently over the review period.
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Kuwait Express Delivery and E-Commerce Logistics Market Growth
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