Oman Freight Forwarding Market Outlook To 2022 : Ken Research

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The report titledOman Freight Forwarding Market Outlook to 2022 – By Freight Movement (Sea, Road, Air and Rail Freight); By Normal and Express Delivery; By International and Domestic Freight; By International Flow Corridors (Asian Countries, NAFTA Countries, European Countries and Others)provides a comprehensive analysis of market size for freight forwarding in Oman, market segmentation by normal and express delivery, by freight movement (sea freight, road freight, air freight and rail freight), by international and domestic freight forwarding and by flow corridors (Asia Countries, NAFTA countries,  European Countries and Others). The report also covers the overall competitive landscape and government role and regulations. The report concludes with market projections for future for every single market described above and analyst recommendations highlighting the major opportunities and cautions for overall Oman freight forwarding market.

Oman Freight Forwarding Market Overview and Size

Oman’s strategic centralized location in the Arabian Gulf makes it ideal for conversion into a major transshipment hub for the East-West trade route. The freight forwarding industry in Oman has witnessed a consistently positive single digit growth rate in the last five years driven by development in major industries such as Oil and Gas, and manufacturing primarily with sectors such as Food and Beverage, Chemicals and electronics. Expanding FMCG sector, retail sector, food and E-commerce industry in the country has also attributed to the growth of the freight forwarding industry in the country. Creation of GCC Customs regulations harmonized regional trade regulations in the region.

Oman Freight Forwarding Market Segmentation

By Normal and Express Delivery

The normal / standard delivery segment dominated Oman freight forwarding market with the majority of the revenue share whereas the express delivery segment although significantly larger, is still in the growth phase 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

The Sea freight segment dominated Oman freight forwarding market by capturing the major revenue share in the year 2017. 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 air freight segment followed road freight services in Oman freight forwarding market. 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 in 2017. Road transport is gaining attraction in Oman as the bulk of trade is with neighboring GCC countries. Major road connections with Saudi Arabia and UAE have significantly boosted the road freight volumes in the country over the past few years

By International and Domestic Freight Forwarding

International freight forwarding accounted for majority of the revenues for overall Oman freight forwarding market. The country exports significant amount of Mineral fuels and derivatives, Vehicles Parts and Accessories, Organic chemicals, Aluminum and articles , Fertilizers, Iron and steel to other countries and imports machinery and mechanical appliances, vehicles- parts and accessories, mineral fuels and derivatives, electrical machinery and equipment and parts, articles of iron or steel, natural or cultured stones and metals etc. from other countries, thus creating a positive impact on Oman freight forwarding market. On the other hand, the domestic freight forwarding segment was observed to capture the remaining revenue share in 2017.

By Flow Corridors

Asia flow corridor was observed to be the largest contributor in terms of revenue in Oman freight forwarding market in the year 2017. The Oman-Europe flow corridor followed Oman-Asia in the revenue share percentage 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. The domestic companies although possessing their own fleet, have a minor market share in the Oman freight forwarding market.

Comparative Landscape in Oman Freight Forwarding 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. However it is dominated by the international players due to their capacities. Major companies in the Oman freight forwarding market include Ceva Logistics LLC, Oman Shipping Company LLC, Airborne Shipping & Logistics LLC, Millennium Shipping Services LLC, Seagull Logistic Services LLC, Bin Hariz Trad & Cont Co (Bht), Ahmed Sahol Liwa National Trading Company and others

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/oman-freight-forwarding-market/149658-100.html

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