Supplementary transport infrastructure will augment the logistics and warehousing market in future.
Logistics has always been a significant part of Oman’s economy. The worldwide trend of globalization has led many companies to outsource their logistics functions to third party logistics companies, thus helping them to concentrate more on their core competencies and hence generate higher revenues. Over the past few decades, a significant change has been witnessed towards the third party logistics scenario owing to collaboration between shippers and 3PL companies which will heavily depend on technology to collaborate, connect, and engage with customers.
The domestic freight is majorly moved through the roads using the trucks due to dearth of railways and waterways. The air freight is the only other option but is expensive means. The trucking industry in Oman is classified by a mix of large companies and a number of small companies that have the capability of expanding their business operations in the country and were witnessed to use quality of fleet in the operations. In order to satisfy the requirements of their consumer, the logistics companies need to invest in their own trucking fleet. In addition, imposition of trucking regulations in Oman based on international standards has enabled big sized logistics service providers to be more price-competitive, while improving the overall quality of trucking in Oman. Additionally, stricter training of truck drivers in terms of road safety will help the industry to upgrade.
Oman’s ranking is improving in terms of doing business as reported by the World Bank thus positioning itself as an investor friendly destination. The improved rankings and scores on various parameters are attracting more foreign business houses towards the country and if the trend continues, there could be a greater growth in the logistics sector than estimated.
According to Ken Research report titled “Oman Logistics and Warehousing Market Outlook to 2022 – By Freight Forwarding, Express Delivery, Warehousing Services, Cold Storage, Third Party Logistics and Value-Added Services” improving customs process and supplementary transport infrastructure will be the key growth catalyst in future. 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.
Oman Freight Forwarding Market (CEVA Logistics Gett, Oman Shipping Company SAOC, Badar Shipping Agencies, Pentagon Freight Services, Sohar Shipping Transport and Trading Agencies, Majan Shipping, Ships Agency and International Logistics (SHIPCO), Allied Logistics, BHT Logistics, Muscat International Shipping & Logistics Bla Bla Car and Bahwan Logistics), Oman Warehousing Market (Oryx Logistics, Avvashya CCI Logistics, GAC logistics, Enhance Oman Logistics, Logwin Logistics and Golden Global Logistics), Oman Express Logistics Market (DHL Express, Aramex Oman, TNT Express , Oman Post and FedEx Oman) and Oman Cold Chain Market (ILS Logistics, Agility Logistics (Oman) and Al Madina Logistics)
Oman logistics and warehousing market by Service Mix (Freight Forwarding, Warehousing Services and Value-Added Services); Oman freight forwarding market by Freight Movement (Sea, Road and Air), by Normal and Express Delivery, by International and Domestic Freight Forwarding, by Flow Corridors (Asian Countries, European Countries, North American Countries, GCC and Others), by International and Domestic Companies, Oman Warehousing Market by Region (Muscat and Others), by End User (Food and Beverage, Chemicals, Oil and Gas, Electronics and Others), by International and Domestic Companies, by Business Model (Industrial Freight, Container Freight, Cold Storage, Agriculture and Others), Oman Express Logistics market by Domestic Express and International Express, Oman Cold chain Logistics market by Cold Storage and Cold Transport, by Industries (Meat and Seafood, Poultry and Eggs, Confectionaries and Others), by Contractor and Logistics Owned.
For more information on the research report, refer to below link:
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Ankur Gupta, Head Marketing & Communications