Showing posts with label Kenya Logistics Industry Research Report. Show all posts
Showing posts with label Kenya Logistics Industry Research Report. Show all posts

Thursday, July 28, 2022

Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research

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Market Overview

Any economy's ability to perform economically depends on logistics and warehousing. Like other African nations, Kenya has structural problems with its logistical infrastructure, but the ease of doing business and a supportive political environment have helped it advance. In 2018, Kenya was ranked 68 in the Logistics Performance Index and 61 in the East of Doing Business Index. Over the past few years, the Kenya Logistics Market has shown excellent expansion. The main causes of the development included government initiatives like the Standard Gauge Railway (SGR), Kenya's advantageous location as the gateway to East Africa, and the growing retail and import sectors.

Report Analysis

According to the research report, “Kenya Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Pipeline, Air Freight Forwarding; International and Domestic Freight, Integrated and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” states that the market is anticipated to benefit from the expansion of infrastructure and construction industries. In addition, it will grow from increased industrial activity, e-commerce, and an influx of foreign businesses into the nation during the projected period of 2023.

The ri


se of the freight forwarding market in Kenya was significantly influenced by the F&B, FMCG, and industrial sectors. Due to improvements in the road infrastructure, it was found that road freight was the most desired mode of transportation, followed by air and sea freight. There are several challenging terrains in Kenya that are inaccessible by any other form of transportation. The Kenya freight forwarding market's top revenue source was Asia.

The Kenya warehousing business had expanded slowly due to the severe shortage of high-quality, contemporary warehouses. One of the major areas of logistics that calls for increased funding and technological innovation is warehousing. It is anticipated that the development of automation technology and more sophisticated inventory management systems would aid in the expansion of the warehouse sector.

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Compared to the US and China, the African continent's E-Commerce market grew relatively late and only accounts for 0.6 percent of total transactions in 2017. According to estimates, Kenya's e-commerce market is valued KSh 4.3 billion.   As the industry expands, so do the market's logistical requirements, particularly in the express delivery sector.

Key Players

Some major key player companies in Kenya’s Logistics and Warehousing Market are DB Schenker, CEVA Logistics, Panalpina, FedEx TNT, Panalpina, Agility Logistics, DHL, Bollore, Siginon, Kuehne Nagel, Freight Forwarders Kenya, and some others.

Future Prospects

In the forthcoming years, Kenya’s market growth is anticipated to be attributed to the warehousing segment's higher growth rate than the dominant freight forwarding segment. In order to offer better customer service, logistics organizations are anticipated to invest in cutting-edge technological solutions including autonomous logistics, real-time tracking, and automation. Incorporating cutting-edge technology-based solutions can aid logistics service providers in efficiently delivering goods in light of the expanding global trade. Additionally, construction industries will be the main factor for the growth, which has sparked a wave of construction projects in the nation, increasing trade and storage activities.

For More Information on the research report, refer to below link:-

Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research

Related Report:-

South Africa Logistics Market Outlook to 2023 – By Sea, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics and E-commerce Logistics

Saudi Arabia Warehousing Market Outlook to 2023 – By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses

Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail and Pipeline Freight; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network

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