What years does this Oman Third-Party Logistics (3PL) Market cover?

The report covers the Oman Third-Party Logistics (3PL) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oman Third-Party Logistics (3PL) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oman Third-Party Logistics (3PL) Market Size

Market Size of Oman Third-Party Logistics (3PL) Industry

Oman Third-Party Logistics (3PL) Market Summary

Study Period	2019 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2019 - 2022
CAGR	9.34 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Oman Third-Party Logistics (3PL) Market Analysis

The Oman Third-Party Logistics (3PL) Market size is estimated at USD 0.66 billion in 2023, and is expected to reach USD 1.03 billion by 2028, growing at a CAGR of 9.34% during the forecast period (2023-2028).

Over the years, the logistics industry in Oman has played an important role in expanding inbound investment, non-oil exports, and the country's competitiveness.

Oman benefits from being placed on the strategic axis of the Indian Ocean and the Arabian Gulf, which gives easy trade connections and quick transit time to the world's most appealing and growing markets. In terms of transportation, Oman is on key international shipping routes and within two weeks of most major ports, attracting numerous players to the country. With multiple active foreign and domestic firms in the market, the freight forwarding business dominates the logistics industry in Oman.
Because it has an FTA with the US and is part of the Ishqabad trade corridor, Oman's logistics industry has become more important in the GCC. Furthermore, the nation is a member of the European Free Trade Association (GCC) and Singapore's GCC and is now negotiating FTAs with the EU, China, New Zealand, and Australia.

Oman Third-Party Logistics (3PL) Industry Segmentation

Oman's economy has historically relied heavily on logistics. The globalization trend has caused many organizations to outsource their logistical activities to third-party logistics providers, allowing them to focus more on their core strengths and thus produce larger revenues. A comprehensive background analysis of the Oman 3PL market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study. The report offers market size and forecasts for the Oman Third Party Logistics Market in terms of dollar value (USD) for all the above segments.

By Services
		Domestic Transportation Management
		International Transportation Management
		Value-added Warehousing and Distribution

By End-User
		Manufacturing & Automotive
		Oil & Gas and Chemicals
		Distributive Trade (Wholesale and Retail trade including e-commerce)
		Pharma & Healthcare
		Construction
		Other End-Users

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Oman Third-Party Logistics (3PL) Market Size Summary

The Third-Party Logistics (3PL) market in Oman is poised for significant growth, driven by the country's strategic location and robust infrastructure developments. Positioned on key international shipping routes, Oman benefits from its proximity to major global markets, enhancing its appeal as a logistics hub. The logistics sector, particularly freight forwarding, is a dominant force in the Omani economy, supported by the country's Free Trade Agreements and membership in various trade associations. The government's focus on developing deep-water ports, such as those in Sohar, Duqm, and Salalah, along with initiatives like the proposed GCC railway, underscores Oman's commitment to expanding its logistical capabilities. These developments are expected to facilitate increased trade and investment, positioning Oman as a critical player in the Gulf Cooperation Council (GCC) region.

The Omani 3PL market is characterized by a mix of local and international players, with key companies like Sultan Bin Soud Ahmed Al, DHL, and Kunooz Logistics Global leading the charge. The market's growth is further bolstered by government initiatives aimed at enhancing infrastructure and attracting foreign direct investment. Projects in the Duqm Special Economic Zone, including collaborations with the Asian Infrastructure Investment Bank, are set to improve transport efficiency and reduce supply chain costs. Additionally, advancements in warehousing and the adoption of automated systems are contributing to increased efficiency and sustainability in logistics operations. As Oman continues to develop its logistical infrastructure, the 3PL sector is expected to remain a vital component of the country's economic growth trajectory.

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Oman Third-Party Logistics (3PL) Market Size - Table of Contents

1. MARKET DYNAMICS AND INSIGHTS
1. 1.1 Current Market Scenario
2. 1.2 Market Dynamics
  1. 1.2.1 Drivers
  2. 1.2.2 Restraints
  3. 1.2.3 Opportunities
3. 1.3 Value Chain / Supply Chain Analysis
4. 1.4 Industry Policies and Regulations
5. 1.5 General Trends in Warehousing Market
6. 1.6 Demand From Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics Etc.
7. 1.7 Insights on Ecommerce Business
8. 1.8 Technological Developments in the Logistics Sector
9. 1.9 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.9.1 Bargaining Power of Suppliers
  2. 1.9.2 Bargaining Power of Consumers/Buyers
  3. 1.9.3 Threat of New Entrants
  4. 1.9.4 Threat of Substitute Products
  5. 1.9.5 Intensity of Competitive Rivalry
10. 1.10 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Services
  1. 2.1.1 Domestic Transportation Management
  2. 2.1.2 International Transportation Management
  3. 2.1.3 Value-added Warehousing and Distribution
2. 2.2 By End-User
  1. 2.2.1 Manufacturing & Automotive
  2. 2.2.2 Oil & Gas and Chemicals
  3. 2.2.3 Distributive Trade (Wholesale and Retail trade including e-commerce)
  4. 2.2.4 Pharma & Healthcare
  5. 2.2.5 Construction
  6. 2.2.6 Other End-Users

Oman Third-Party Logistics (3PL) Market Size FAQs

What is the current Oman Third-Party Logistics (3PL) Market size?

The Oman Third-Party Logistics (3PL) Market is projected to register a CAGR of 9.34% during the forecast period (2024-2029)

Who are the key players in Oman Third-Party Logistics (3PL) Market?

Sultan Bin Soud Bin Ahmed Al, Kunooz Oman Holding, Almadina Logistics, Asyad and khimji ramdas cpg central logistics are the major companies operating in the Oman Third-Party Logistics (3PL) Market.