Muscat Logistics Market, Freight Forwarding Market Oman - Ken Research - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Muscat Logistics Market, Freight Forwarding Market Oman - Ken Research

Description:

The report concludes with market projection for future of logistics and warehousing services for Oman logistics and warehousing market... For more information on the research report, refer to below link: – PowerPoint PPT presentation

Number of Views:19
Slides: 17
Provided by: Ashish2117
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Muscat Logistics Market, Freight Forwarding Market Oman - Ken Research


1
Oman Logistics and Warehousing Market Ken
Research
2
How the Oman Logistics and Warehousing Market Is
Positioned? Logistics service in Oman comprises a
range of activities that look over at the
procurement as well as final delivery of raw
material and finished products. These services
include freight forwarding, warehousing and other
value added services such as customs brokerage,
inventory management, order fulfillment and
product repair. With the influx of various
foreign companies, the number of players involved
in the sector is estimated to be roughly around
. The government of Oman is in the process to
bring down the economys dependence on oil and
gas sector by diversifying into other industry
verticals. Logistics sector has gained special
focus of the government due to its potential and
the geo-strategic location of Oman. With
political uncertainty in gulf area, Oman offers a
safe by-pass to some of the major trade lines of
the world. The growth in Oman Logistics and
Warehousing Market was , thus evaluated at USD
million in the year 2013. The market witnessed
an increase from USD million in 2012. The
overall growth had declined in 2015 and 2016 due
to slowdown in the overall exports and imports
from the country due to closing down of several
SMEs in the country.
3
The growth rate of the sector has continuously
gone down in the past three years with a
growth registered in 2017. The change in the
policies is attributed as the prime reason for
the loss of momentum observed in the sector. In
2016, the Central Bank of Oman launched a
national debit card payment gateway
infrastructure for e-commerce transactions,
OmanNet Debit Card E-Payment Gateway
infrastructure, which will provide safe and
secure e-commerce transactions. A new law for the
protection of e-payment is under
deliberation. Which Service Dominates in Oman
Logistics and Warehousing Market? The freight
forwarding segment has dominated Oman logistics
and warehousing market with revenue share worth
, thus evaluated at USD million in the year
2017. Seaways were observed as the most preferred
mode of transportation in terms of volume share.
It was followed by roadways in Oman freight
forwarding market in 2017.
4
The remaining volume share was captured by air
transport. Due to its important geographical
position in the trading routes of the world and
less than two weeks of sea-distance from major
European and Asian economies, Omans ports handle
a large volume of international freight. Major
goods transported through road freight include
motor vehicle spare parts machinery, apparatus
and parts for textile, garment electronic goods,
computers and their parts and food and beverage
raw materials. The warehousing segment followed
freight forwarding in Oman logistics and
warehousing market with revenue share of , thus
evaluated at USD million in the year 2017,
majorly due to rise in usage for modern
warehousing facilities in the country. Modern
warehousing was convenient for workers as it
helped in saving time and efforts wasted on
loading and offloading goods. The traditional
method was being replaced by high tech machinery
such as cranes, thus creating a positive impact
on the warehousing services in the country. In
Oman, the rise in the retail and FMCG industry in
the country has driven the demand of warehousing
services. Additionally, the expanding e-tail
industry has triggered the demand for warehousing
services for the storage of international and
domestic packets.
5
Oman Freight Forwarding Market The freight
forwarding industry in Oman was evaluated at USD
million in terms of revenue contribution during
2012. The market witnessed an increase to USD
million in 2013, thus growing at in comparison
with previous year. With the rising industrial
activities in the country due to the entry of
number of leading foreign players, the demand for
freight forwarding has surged in the
country. Which Freight Movement Dominates? The
sea freight segment dominated Oman freight
forwarding market with a revenue share of
despite a sharp decline compared to previous year
majorly due to increase in roadways trade among
GCC neighbors. In Oman, there major methods of
ocean freight shipping are Exclusive Containers
and Shared Containers. The Port of Salalah, the
largest port in Oman, is centrally located at the
crossroads of trade between Asia and Europe.
6
Major companies offering ocean freight services
in Oman include Agility Logistics Oman, GAC Oman,
Oman Global Logistics, ILS Logistics, Shipco
Oman, CEVA Logistics Sohar Shipping and others.
The road freight segment despite being second by
volume has the smallest contribution by value
with a share on account of cheap rates as
compared to air freight. Road transport is
gaining attraction in Oman as the bulk of trade
is with neighboring GCC countries. Major
companies offering road freight services in Oman
includes Aramex, DHL, Ex-freighters, Badar
Shipping, Majan Shipping, Bahwan Logistics, CEVA
logistics and others. Air freight is the
quickest method among all other freight services
and is usually reserved for essential items such
as food products, medicines and small shipments
in Oman which have an urgent requirement. The air
freight segment captured a revenue share of in
Oman freight forwarding market during 2017. Major
companies offering air freight services in Oman
are DHL, Oman Air, Qatar Navigation and others.
7
Oman Warehousing Market The Oman warehousing
market was valued at USD million in the year
2012. The market grew to the value of USD
million by 2014. A key driver behind Omans
significant warehousing market and its regularly
increasing growth is the location, considering
that it is an intermediary trade corridor leading
to it being an ideal pit stop for goods being
transported between the western and Asian
regions. The market was still in the nascent
stage signified by strong yet marginal growth
rates in their YoY revenue. Which Business Model
Dominates? The industrial/retail freight segment
dominated overall Oman warehousing market with a
massive revenue share of in the year 2017. The
rising industrial / retail sector in Oman has
elevated the requirement of warehouses in the
country majorly due to increasing demand for
storage of processed packaged foods and beverages.
8
Recent retailing trends have led to the
development of warehouse style retail stores in
Oman which constitutes high ceiling buildings,
thus displaying retail goods on tall, heavy duty
industrial racks rather than conventional retail
shelving. The e-tail companies require warehouses
for storing goods and hence are one of the
leading growth factors for the warehousing market
in Oman. Container freight followed industrial /
retail freight segment in Oman warehousing market
with a revenue share of in the year 2017. The
use of containers in export shipments makes the
transport and goods handling easier and faster.
The cold storage segment in Oman warehousing
market captured revenue share worth in the
year 2017 owing to the rise in products requiring
cold storage. The growing tech savvy population
has triggered the online ordering of food which
has enhanced the demand for cold storage systems
as various foods and drinks require cold storage.
9
The agriculture and other segments collectively
captured the remaining revenue share worth in
Oman warehousing market in the year 2017.
Agricultural products are highly probable to
adverse treatment which would lead to damage or
destruction of the inventory. Oman Express
Logistics Market The express logistics market in
Oman was evaluated at USD million in 2012 which
witnessed an increase to USD million in 2017.
Omans express delivery firms such as Oman Post
have been operating well in the market alongside
foreign giants such as DHL Express, Aramex, TNT,
FedEx and UPS. These foreign giants firms mostly
deliver documents, mails, cargos in small
quantities. Air express was the most popular
means of express delivery as compared to ground
express delivery. The use of E-commerce in Oman
has become very common following the spread of IT
systems such as laptops, tablets and smart
phones, thus aiding people to shop online. The
trend of shopping online for perishable items
such as food products including fruits and
vegetables, meat, fish and others has been rising
Changing consumer shopping habits coupled with
rising usage of E-commerce has given a rise to
express delivery services in the country.
10
The international express segment dominated Oman
express logistics market with a massive revenue
share of in the year 2017. To aid the increase
in air freight traffic in Oman, the new Muscat
International Airport was inaugurated in late
2017. In accordance with Oman e-commerce
association, the rapid development of online
trading activities has opened great opportunities
for express delivery firms in the domestic
market. In the domestic market, express services
in Oman express logistics market captured the
remaining revenue share in the year 2017
majorly owing to development in transport
infrastructure for sending goods to domestic
locations. The Ministry of Transport and
Communication is currently constructing several
road projects as well as repairing, raising the
capacity and dualizing the existing roads. DHL,
FedEx, TNT, Aramex and others provides
international as well as domestic express across
Oman. Oman Cold Chain Market Cold storage
capacity, which is generally measured in the
number of pallets, stands at as on December
2017 and looking at the focus of the government
to make Oman a gateway to all the goods that
arrive at GCC by developing the infrastructure
and employing the latest technology. The rise in
industries such as, retail, frozen food, meat and
seafood, pharmaceuticals and others have
increased the demand for both cold transport and
cold storage in the country. E-commerce industry
has grown at a significantly high rate which has
given a boost to the cold chain industry.
11
Seafood and meat industry dominated the cold
chain market with revenue share in 2017 in
Oman owing to the domestic and international
demand for these products. The increase in
supermarkets and hypermarkets providing meat and
seafood products have led to an increase in the
demand for cold chain units both in terms of cold
storage and cold transport. Poultry and Egg
industry attributed revenue share in the cold
chain industry owing to the increased food
consumption due to rising population, increase in
the disposable income and increase in super
markets and hyper markets. Omani people have a
preference for Chocolate, Cocoa and Sugar
confectionary which requires the cold chain
systems for these products. Confectionary
accounted for revenue share in cold chain
market of Oman in 2016. The other products
include chemicals, fruits and vegetables,
pharmaceuticals etc. The increase in population
has increased the intake of fruits and vegetables
over the years. In addition to this, the online
grocery and food delivery trend evolving in the
country has made an impact in this segment.
12
Cold Storage Segment Dominated or Cold
Transport? Cold transport has contributed major
share of in terms of revenues in cold chain
industry in Oman during 2017 as most of the
companies maintain their own fleet for the
temperature controlled transportation. The
processed food has been attributed to the cold
transport segment due to the requirement of
temperature controlled atmosphere and short
expiration duration. Cold storage had a
significant contribution towards the cold chain
market in 2017 by attributing market share
owing to the fact that the companies which demand
cold storage services do not have their
warehouses. The operational cost for storage is
high so the companies outsource these
services. Competitive Landscape of Major Players
Operating In Oman Logistics and Warehousing
Market The freight forwarding industry in Oman
was observed as highly fragmented with the
presence of both domestic as well international
freight forwarders in the country. Major
companies offering ocean freight services in Oman
include Agility Logistics Oman, GAC Oman, Oman
Global Logistics, ILS Logistics, Shipco Oman, and
others. Major companies offering road freight
services in Oman includes Aramex, DHL,
Ex-freighters and others.
13
The express logistics industry in Oman was
witnessed to be moderately concentrated with the
presence of major players in primarily
international express segment. International
express is dominated by DHL Express, followed by
global players including FedEx, TNT and UPS
Express, while domestic express is dominated by
Oman Post. The rising popularity of the next day
and specific day deliveries is impacting
retailers ability to meet customer expectations.
Warehousing industry encompasses a mix of
unorganized and organized players. The
companies in the country are competing with each
other on the basis of the size and location of
the warehouse. Major Players in warehousing
includes GGL Oman, GAC, Avvashya CCI, Logwin
Logistics and others. The major players in the
country in the cold chain services include
Agility Logistics, Al Madina Logistics and ILS
Logistics.
14
Oman Logistics and Warehousing Market Future
Outlook Oman logistics and warehousing market is
estimated to generate revenues worth USD
million, thus growing at a CAGR of over the
forecast period 2018-2022. The country will focus
on upgrading its logistics infrastructure
especially in the seaports, constructing regional
and international logistics service centers,
improving the efficiency of connection between
Oman and other countries, thereby becoming a
modern logistics hub in near future. The
culmination of vision 2020 with a high
implementation rate is set to turn with
development of better infrastructure coming in
place to support the operations and make use of
the strategic location of Oman. Various Free
Trade Agreements (FTAs) signed between Oman which
includes agreements with India, USA, Singapore
and GCC countries will lead to boost the
countrys trade relations in long term.
15
For more information on the research report,
refer to below link https//www.kenresearch.com/a
utomotive-transportation-and-warehousing/logistics
-and-shipping/oman-logistics-market-research-repor
t/142300-100.html Related Reports https//www.ke
nresearch.com/automotive-transportation-and-wareho
using/logistics-and-shipping/vietnam-logistics-mar
ket/144734-100.html The Vietnamese E-commerce
industry was evaluated at USD 1.9 billion in the
year 2011 which was observed to increase to USD
6.3 billion in 2017, thus growing at a six year
CAGR of 22.5 in the period 2011-2017 https//www
.kenresearch.com/automotive-transportation-and-war
ehousing/logistics-and-shipping/poland-logistics-m
arket/149100-100.html The Poland logistics
market consists of a number of organized and
unorganized players consisting of freight
forwarders specializing in land, sea or air
transportation, warehouse service providers,
companies specializing in cold chain services,
courier
16
https//www.kenresearch.com/automotive-transportat
ion-and-warehousing/logistics-and-shipping/austral
ia-logistics-warehousing-market/142255-100.html T
he Australian logistics markets consist of
numerous unorganized fleet operators,
well-established local units and global
companies. Contact Us Ken Research Ankur
Gupta, Head Marketing Communications sales_at_kenre
search.com 91-9015378249
About PowerShow.com