The Oman freight forwarding market is important to the country's economy because it connects Oman to various parts of the world via its well-established transportation network. Oman's strategic location on the Arabian Peninsula's south-eastern coast, combined with its efforts to diversify its economy, has resulted in the development of a variety of industries, including oil and gas, manufacturing, mining, and logistics. These industries, in turn, have aided the expansion of the Oman freight forwarding market.
The market is highly competitive, with both domestic and international players present. DHL, UPS, and FedEx are among the major international players, while GAC Oman and Al-Faris National Shipping are among the local players. The government of Oman has been investing heavily in the country's transportation infrastructure, including the construction of ports, airports, and highways. This has aided the expansion of the freight forwarding market by improving connectivity and lowering transportation costs.
The pandemic of COVID-19 has had a significant impact on the Oman freight forwarding market, disrupting global supply chains and lowering demand for transportation services. The pandemic has affected industry operations, revenue, and employment. The disruption of global supply chains, which has reduced demand for transportation services, has been one of the most serious consequences of the pandemic. Border closures and flight cancellations have made it difficult for freight forwarders to transport goods across borders, causing delays and extra costs. This has also had an effect on freight forwarding companies' revenues, as they have had to incur additional costs in order to meet the pandemic's challenges.
The pandemic has also had an impact on how the industry operates, with freight forwarders implementing new technologies and processes to keep social distance and reduce the risk of transmission. For example, many businesses have shifted to digital platforms to manage their operations, reducing the need for face-to-face interaction.
The pandemic has also resulted in fewer jobs in the industry, as businesses have had to cut costs in order to stay in business. Many businesses have implemented layoffs and reduced working hours in order to save money. Overall, the COVID-19 pandemic has had a significant impact on the Oman freight forwarding market. However, as restrictions are gradually lifted and economic activity resumes, the market is expected to recover in the coming years.
Oman Freight Forwarding Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Allied Logistics, BHT Logistics, Badar Shipping Agencies, CEVA Logistics, Majan Shipping and Transport Company, Muscat International Shipping & Logistics(MIS), Oman Shipping Company SAOC, Pentagon Freight Services, Sohar Shipping Transport and Trading Agencies.
Oman Freight Forwarding Market Segmentation:
By Freight Movement: Based on the Freight Movement, Oman Freight Forwarding Market is segmented as; Sea, Road, Air, Rail Transport.
By Type of Delivery: Based on the Type of Delivery, Oman Freight Forwarding Market is segmented as; Normal, Express.
By Type of Freight Forwarding: Based on the Type of Freight Forwarding, Oman Freight Forwarding Market is segmented as; International, Domestic.
By Region: This report also provide the data for key regional segments of Oman: Muscat, Al Buraimi, Al Batinah South, Al Batinah North, Musandam, A’Dhairah,
A’Dakhiliya, A’Sharqiyah North, A’Sharqiya South, Dhofar
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.