The domestic companies were observed to handle their operations via in-house whereas the international MNCs always make alliances with international freight companies operating in the market backed by extensive service network and brand image
Freight forwarding market revenue has increased positively with the rise in demand for transportation of goods from one place to another in Kuwait. Moreover, the high export and import revenues have positively impacted the freight forwarding industry in Kuwait. The industry has witnessed approximately more than 30 players in this segment which has aided the market revenues of freight forwarding in Kuwait including both domestic as well as international companies. These freight forwarding companies specialize in providing a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims.
Expanding FMCG sector, retail sector, food and E-commerce industry has attributed towards the growth of freight forwarding industry in Kuwait. Freight forwarders are specialized firms in the logistics chain and can be classified into ocean freight forwarders and air forwarders. However, in the initial stages of forwarding, freight forwarders provide clearing and forwarding services as an agent of the shipper. At the intermediate level, they make available services such as cargo consolidation, road haulage, and customs clearance. At the final stage, they provide door-to-door services as multi modal transport operators. Freight forwarders offer all or a limited range of services depending on their size, number of personnel, number of branches, technological advancement and their capacity.
The report titled “Kuwait Freight Forwarding Market Outlook to 2022 – By Sea, Air and Road Freight Movement; By International and Domestic Freight; By Express and Normal Delivery; By Flow Corridors and By End Users (Oil and Gas, FMCG, Construction and Others)” by Ken Research suggested a positive CAGR of 8.6% in terms of total revenue of the freight forwarding market in the next 5 years till the year ending 2022.
Key Segments Covered
Freight Movement
Sea, Air, Road
Mode of Freight
International Freight, Domestic Freight
Type of Delivery
Normal Delivery, Express Delivery
Flow Corridors
Asia, Europe, North America, GCC and Others
Companies
International Companies, Domestic Companies
End Users
Oil and Gas, FMCG, Construction, Others
Key Target Audience
3PL Companies, Express Companies, Sea Freight Companies, Road Freight Companies, Air Freight Companies, Freight Management Companies, Cargo Insurance and Handling Companies, Retail Companies, Manufacturing Companies
Time Period Captured in the Report:
Historical Period – 2012-2017
Forecast Period – 2017-2022
Companies Covered:
Agility Kuwait, KGL Logistics, CEVA Logistics, GAC Logistics, Hellman Kuwait, UAGSCO Shipping and Logistics, DHL Logistics, ARAMEX Kuwait, Dolphin Logistics, Leaders International Shipping, Enkay Express, Others (Crown Logistics, Kuwait Logistics and Freight, Mubarrad Transport, Dosmic International, Global Logistics and Alghanim Group of Shipping and Transport)
Key Topics Covered in the Report
Kuwait Freight Forwarding Market Time line and Overview, Ecosystem for Kuwait Freight Forwarding Market, Kuwait Freight Forwarding Market Size, Kuwait Freight Forwarding Volume Handled by Sea and Air, Kuwait Freight Forwarding Market Segmentation by Freight Movement, Kuwait Freight Forwarding Market Segmentation by Mode of Freight, Kuwait Freight Forwarding Market Segmentation by Type of Delivery, Kuwait Freight Forwarding Market Segmentation by Flow Corridors, Kuwait Freight Forwarding Market Segmentation by Companies, Kuwait Freight Forwarding Market Segmentation by End User, SWOT Analysis on Kuwait Freight Forwarding Market, Competitive Scenario of Kuwait Freight Forwarding Market, Directory of Major Freight forwarding Players, Company Profiles of Major Freight Forwarding Players, Challenges in Kuwait Freight Forwarding Market, Kuwait Freight Forwarding Market Trends and Developments, Government Role and Regulations in Freight Forwarding Market in Kuwait, Future Outlook and Projections of Kuwait Freight Forwarding Market, Analyst Recommendation for Kuwait Freight Forwarding Market
For more information on the research report, refer to below link:
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