Kuwait Warehousing Market Size and Research 2022, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: Ken Research

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The report titled “Kuwait Warehousing Market Outlook to 2026F– Driven by Rise in Demand for Technologically Advanced Warehouses by Different End Usersprovides a comprehensive analysis on the status of the warehousing market in Kuwait. The report covers various aspects including overview of transportation infrastructure, industrial landscape of Kuwait, warehousing market size and segmentations, trends and developments, issues and challenges, regulatory landscape, Value Chain Analysis, competitive scenario and emerging technologies in the industries. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.

Kuwait Warehousing Market Overview and Size:

Kuwait Warehousing Market is currently undersupplied with well-known players such as Agility, KGL Logistics and City Group establishing themselves as regional leaders. Warehousing firms initially gained a foothold by serving US military personnel in Kuwait, however it is diversifying away from public sector contracts and increasingly catering to businesses and households. Kuwait warehousing market has been continuously growing at a single digit CAGR (2016-2021) owing to surging logistics volume, rising imports, trend of logistics outsourcing and government efforts to enhance the logistics infrastructure. Kuwait government’s plans to invest across strategic sectors under Kuwait Development Plan (KDP) 2015-2020 has positively impacted the market.

Kuwait Warehousing Industry Research Report

Kuwait Warehousing Market Segmentations:

By Captive and Logistics Companies: In Kuwait, logistics companies capture majority of the space with few companies such as Alghanim and The Sultan Center having their own captive space.

By Licensed and Non Licensed Warehouse: Kuwait Warehousing market is a highly regulated industry with majority of the warehouses having proper licenses and certifications issued from the concerned authority or department.

By Grade A/B/C Warehouse: Grade A Warehouses contribute majority of the market space in the industry. As the demand for sophisticated storage and distribution facilities increases, owing to the expanding volume of e-commerce, Grade A warehouses are expected to grow at a phenomenal rate in the future.

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By Commercial Models: Real estate developers and end users opting for warehousing in Kuwait usually look for longer lease tenures and lock-ins to ensure rental yields from properties. Majority of the logistics companies prefer the leasing model or built to suit model over the rental model since discounts are offered in terms of pricing.

By Type of Warehouses: Dry and ambient warehouses dominated the Kuwait warehousing market in 2021 due to rise in the industrial, F&B and retail sectors in the country. Cold storage warehousing has inclined over the years with the rising requirement of temperature controlled products majorly (pharmaceuticals, sea food and frozen foods).

By End Users: Kuwait is one of the fastest-growing markets, which is driven by a strong purchasing power vested in Infrastructural projects, the retail industry, and a strong trading and oil industry. Strong end user demand & high growth segments such as food & beverages and consumer retail are supporting the logistics spend in the industry.

By Region: The major Industrial zones in Kuwait are located in areas such as Mina Abdullah, Sulaibiya, Shuwaikh, Ardiya Shuaiba, Subhan and Al Ahmadi. The major warehousing hubs in Kuwait are located in areas such as Mina Abdullah, Sulaibiya, Shuwaikh and Ardiya with Mina Abdullah occupying 40% of the total warehousing Space in 2021.

Comparative Landscape in Kuwait Warehousing Market:

Kuwait’s warehousing market is moderately concentrated with top 3 players accounting more than 3/4th share of the market space and companies are concentrated to Sulaibiya, Shuwaikh and Mina Abdullah regions. Companies in Kuwait have been focusing on providing data oriented solutions and other services for operational excellence, timely customer support, thus providing customer satisfaction and retention of customers.

Kuwait Warehousing Market Future Outlook and Projections:

The growth of local companies within the logistics sector points to widening industry potential in the country with total warehousing space growing at a double digit CAGR (2021-2026F). Strong leasing momentum is likely to continue throughout the year; 3PL and e-commerce players are expected to drive demand for logistics space. Key factors which are expected to drive demand across the country: consolidation and expansion by existing players and entry of new players. Increasing adoption of warehouse automation technologies such as EDI, RFID, Human Centric Designs and Drones are expected to improve operational efficiency.

Key Segments Covered

  • By Captive and Logistics Companies
  • Logistics Companies
  • Captive Companies
  • By Licensed and Non Licensed Warehouse
  • Licensed Warehouses
  • Non-Licensed Warehouses
  • By Grade
  • Grade A
  • Grade B and others
  • By Commercial Models
  • Built to Suit Model
  • Long Term Leasing Model
  • Rental Models by 3PL
  • By Warehouse Type
  • Dry & Ambient
  • Cold Storage
  • Open Yards
  • Agriculture and Other Warehouses
  • By End Users
  • Food & Beverages
  • Consumer Retail
  • Healthcare
  • Automotive and Industrial Equipments
  • Consumer E-Commerce
  • Others
  • By Consumer E-Commerce
  • E-commerce Delivery Stations
  • Dark Kitchens/Stores
  • Others
  • By Region
  • Mina Abdullah
  • Sulaibiya
  • Shuwaikh
  • Ardiya
  • Jahra
  • Others

Companies Covered

  • Agility Kuwait
  • KGL Logistics Kuwait
  • DHL Kuwait
  • City Group
  • Aramex
  • DSV
  • APL Logistics
  • TransCrate Logistics

Key Target Audience

  • International Domestic Freight Forwarders
  • Warehousing Companies
  • Logistics Companies
  • Logistics Consultants

Time Period Captured in the Report:-

  • Historical Period – 2016-2021
  • Forecast Period –2021-2026F

Key Topics Covered in the Report

  • Logistics Warehouse Companies in Kuwait
  • Executive Summary
  • Kuwait Country and Logistics Sector Overview
  • Snapshot of Industrial Market Landscape in Kuwait
  • Major Regulations for the Warehousing and Logistics Industry in Kuwait
  • Emerging Technologies in Kuwait Warehousing Market
  • Key Trends in Kuwait Warehousing Market
  • Major Challenges in Kuwait Warehousing Market
  • Competitive Landscape in Kuwait Warehousing Market
  • Strengths and Weaknesses of Major Warehousing Players in Kuwait
  • Detailed Analysis on Kuwait Warehousing Market (Market Size, 2016-2021; Market Segmentation; Market Shares; Competition; Future Market Size, 2026F)
  • Competitive Landscape in Kuwait Warehousing Market
  • Analyst Recommendations

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Deepak Kushwaha