Freight Forwarding Businesses in Oman, Transport Infrastructure in Oman, Free Trade Agreements of Oman, Freight Forwarding Services in Oman : Ken Research - PowerPoint PPT Presentation

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Freight Forwarding Businesses in Oman, Transport Infrastructure in Oman, Free Trade Agreements of Oman, Freight Forwarding Services in Oman : Ken Research

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Freight forwarders specializing in arranging storage and shipping of merchandise on behalf of its shippers are called freight forwarders. They usually provide 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. – PowerPoint PPT presentation

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Title: Freight Forwarding Businesses in Oman, Transport Infrastructure in Oman, Free Trade Agreements of Oman, Freight Forwarding Services in Oman : Ken Research


1
  • Oman Freight Forwarding Market Research Report
    Ken Research

2
How oman freight forwarding market evolved?
  • Freight forwarders specializing in arranging
    storage and shipping of merchandise on behalf of
    its shippers are called freight forwarders. They
    usually provide 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. The freight forwarding in Oman
    has existed for centuries with a history of spice
    trade with Indian traders. The ports of Oman have
    long history and have been the centers of trading
    activities. As majority of edible and
    manufactured products arrived from countries like
    India which served as the major partner of trade,
    the freight forwarding has grown organically in
    the country. With the discovery of oil and gas in
    the region, a lot of international companies came
    over to the Sultanate. The number of
    international flights (arrivals and departures)
    at the airports in the Sultanate rose by 11.9 in
    2016 totaling 98.3 thousand, compared to 87.9
    thousand in the previous year. The Port of
    Salalah, the largest port in Oman, is centrally
    located at the crossroads of trade between Asia
    and Europe. It has over 2.5 billion consumers and
    it serves the markets of East Africa, Red Sea,
    Indian Subcontinent and Arabian/Persian Gulf on
    its doorstep. The port operates both as a
    container terminal and general cargo terminal.
    The Oman freight forwarding market has grown from
    USD Million in 2012 to USD Million in 2017 at
    a CAGR of . Trade with GCC countries will
    continue to drive the growth of freight
    forwarding in the region.

3
Oman Freight Forwarding Market Segmentation
  • By Normal and Express Delivery
  • The normal / standard delivery segment dominated
    Oman freight forwarding market with the revenue
    share of whereas the express delivery segment
    has only in the year 2017. Normal delivery
    services are generally preferred where there is
    no urgent requirement for ordered goods. In Oman,
    majority of the customers prefer the cheapest
    form of shipping and are witnessed to wait for
    longer durations. Major companies operating into
    normal delivery includes DHL, Aramex, GAC Oman,
    Allied Logistics, Majan Shipping.
  • By Freight Movement Mode
  • The Sea freight segment dominated Oman freight
    forwarding market by capturing the major revenue
    share of in the year 2017. The country has
    three major ports Sohar, Salalah and Duqm. The
    air freight segment followed road freight
    services in Oman freight forwarding market with
    of market share. The major air freight in the
    country is managed by the Muscat International
    Airport followed by the Salalah Airport. The
    remaining revenue share was captured by road
    freight with a market share of in 2017

4
  • By Flow Corridors
  • Asia flow corridor was observed to be the largest
    contributor in terms of revenue in Oman freight
    forwarding market by capturing almost half of the
    revenue share in the year 2017. The Oman-Europe
    flow corridor followed Oman-Asia in the revenue
    share percentage with in the year 2017. Other
    major flow corridor includes the NAFTA countries
    and GCC countries.
  • By International and Domestic Companies
  • International companies operating in Oman freight
    forwarding market dominated by capturing more
    than half of the revenue share in the year 2017.
    Targeted entities for international freight
    forwarding companies are the international MNCs
    as such they always seek to make alliances with
    international freight companies backed by
    extensive service network and brand image in the
    market. Most of the international companies
    follow the asset light model as they dont keep
    their own fleet to control the costs.
  • The Domestic companies although having their own
    fleet, do not have much foothold in the market.
    They only capture of the freight forwarding
    market in 2017.

5
Oman Freight Forwarding Market Future Outlook And
Projections
  • Oman freight forwarding market is expected to
    generate revenues worth USD 516 million by the
    year 2018, driven by growing E-commerce industry,
    continuous investment by the government in
    development of logistics infrastructure in Oman
    and the prevailing optimistic business sentiments
    in the sultanate
  • The Oman freight forwarding market is expected to
    be driven by the rising industrial activities,
    growing e-commerce industry, rising purchasing
    power, elevated demand for food, upcoming
    infrastructural projects and focused investment
    by the government in development of the industry.
    The Oman government aims to position the
    Sultanate as a vital logistics center by 2040
    under SOLS 2040 for its strategic logistics
    positions such as Duqm, Sohar, Salalah, and
    Muscat, high quality infrastructure,
    competitiveness and qualified human resources in
    this sector.

6
  • Under the ninth five year plan of the country,
    the Oman government has planned to reduce the oil
    dependency of the economy by almost half of what
    it was at the beginning of the plan in 2016. This
    move is supported by the Oman Logistics Strategy
    (OLS 2020) and thus will be a major growth driver
    for the logistics sector in the country.
  • Oman's logistics strategy drafted by the experts
    of Oman Logistics center focuses on four main
    axes markets, technology, trade facilitation and
    human capital. It aims to analyze, identify and
    monitor opportunities by sector or by where the
    logistics sector can attract them and undertake
    projects or activities that enable it to achieve
    its target share of the shipping market. It also
    aims for adoption of a clear and intensive
    marketing policy locally, regionally and
    internationally.

7
  • For more information on the research report,
    refer to below link
  • https//www.kenresearch.com/automotive-transportat
    ion-and-warehousing/logistics-and-shipping/oman-fr
    eight-forwarding-market/149658-100.html
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  • Contact Us Ken ResearchAnkur Gupta, Head
    Marketing Communicationssales_at_kenresearch.com
  • 91-9015378249
  •  

8
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