Showing posts with label Nigeria warehousing Industry. Show all posts
Showing posts with label Nigeria warehousing Industry. Show all posts

Thursday, January 23, 2020

Nigeria warehousing Market Future Outlook: Ken Research

How Nigeria Warehousing Market Evolved?
Logistics and warehousing are important for the economy. Nigeria has five international airports and six seaports for cargo transportation. Murtala Muhammed International Airport is the major commercial airport in Lagos and Lagos Port Complex and Tin Can Port are the two major seaports, both located in the commercial hub of Lagos. Therefore, Lagos is the warehousing hub of Nigeria. Infrastructural developments in the seaports, airports, and SGR have contributed to the facilitation of the International trade increases the demand for more warehouses in the country.
Most warehouses are centered in and around Lagos due to the presence of industrial parks and proximity to seaports and airports. The price charged in Lagos is higher compared to the rest of the places and ranges between USD ~ per square per month depending upon the brand name, space, facilities, and tenure of the contract. Nigeria warehousing market was evaluated to grow from USD ~ million in 2013 to USD ~ million in the year 2018 at a compounded annual growth rate (CAGR) of ~% during the period. In 2018, Nigeria has achieved rank 145 in the Ease of Doing Business Index and rank 112 in Logistic Performance Index.
Nigeria warehousing Market
 The increasing middle class and urban-educated population have pushed the demand for shopping centers and e-commerce in Lagos in Nigeria. The increasing retail store and supermarkets have increased the warehousing demand in Nigeria. Growing investments in Industrial parks, growing manufacturing units of the banned products for importing are the factors that are even contributing to increased demand for warehouses in the market.
Nigeria Warehousing Market Segmentation
Revenue by End User
The Food and beverage industry has been contributing ~% due to the increasing trade of food products. Increasing automotive industries, the emergence of retail stores, Cold storages for agricultural and pharmaceutical drugs and medicines are increasing warehousing sector.
By Operational Model
The Industrial/Retail segment has contributed ~% with massive revenue in the year 2018. CFS/ICD warehousing contributes ~% in the market. Cold Storage warehousing has increased due to temperature-controlled products for agricultural goods, seafood.
By Contract and Integrated
Contract warehouses contributed ~% in the warehousing market. Small and medium players lease out their warehousing requirements due to the shortage of good quality warehouses and huge capital requirements.
 By Type of warehouses:
Open yards and warehouses are less in number in Nigeria and contribute ~% share in the market due to less ICD’s. Closed warehouses include `% of the warehousing market.
By Region:
All the warehouses are situated in and around Lagos only due to the presence of industrial parks and proximity to seaports and airports. It has around ~ warehouses in the country.
Competitive Scenario In Nigeria Warehousing Market
The market is very fragmented and full of small local players in the warehousing market but now the market is being regulated due to the strict regulations by the concerned authorities. Godowns by individual owners and local smaller firms offer third-party services to international players when needed space at a particular location.
Various competition parameters of warehousing effectiveness are the cost of warehousing, area, and capacity, modern technological equipment, CCTV, Security and proximity to the airport, seaport and railways.
MDS Logistics is a local Nigerian player that has recently sprung up in spite of big International players and is involved in providing huge warehousing space and needed facilities to the government.
The warehouses that are near to Lagos are generally charged higher than other places due to its strategic location, trade centralization and the presence of Industrial parks.
Companies Cited in the Report
DHL Global Forwarding
Bollore Transport and logistics
UPS Logistics
MDS Logistics
GMT Logistics
Nigeria Warehousing Future Outlook and Projections, 2018-2023
Nigeria Warehousing market is projected to grow at a CAGR of ~% during the forecast period 2018-2023 owing to the country’s plans to turn itself into the trading and manufacturing hub of Africa.
The revenue from the warehousing market in the country is anticipated to grow from USD ~ million in 2018 to USD ~ million by the year ending 2023. The key growth drivers of the warehousing sector will be the increasing investment in the industrial parks in export promoting zones with the PPP framework. The growing middle-class population and increasing retail stores and supermarkets will increase the demand for warehousing in the future.
The growing pharmaceutical industry and government support to increase agricultural production will increase the demand for cold storage industries in the future. E-commerce players such as Jumia and Konga, in order to reduce their inefficiencies, are expected to increase the demand for outsourced warehouses in the future.
Key Segments Covered:-
Nigeria Warehousing Market
Revenue by Business Model
Industrial/Retail
CFS/ICD
Cold storage and Agriculture
Revenue by Region
Lagos
Kano
Kaduna
Ogun
Nassaraw
Others
Revenue by Type of Warehouses
Open warehouse
Closed warehouse
Revenue by Contract and Integrated warehouses
Contract warehouses
Integrated warehouses
Revenue by End User
Food and Beverages
Automotive
Consumer retail
Health care
Others (Agricultural products and other perishable commodities)
Revenue by Market Structure
Regulated
Unregulated
Companies Covered:-
DHL
Bollore Transport and Logistics
UPS (United Postal Services)
GMT Logistics
MDS logistics
Key Target Audience
Warehousing Companies
3PL Companies
Consultancy Companies
Real estate companies
E-commerce players
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023E
Key Topics Covered in the Report:-
Nigeria Warehousing Market Overview
Nigeria Warehousing Market Size
Nigeria Warehousing Market Segmentation
Competitive Scenario in Nigeria Warehousing Market
Company Profiles of Major Players in Nigeria Warehousing Market
Nigeria Warehousing Market Future Outlook and Projections
Nigeria Warehousing Future Market Size
Nigeria Warehousing Market Future Segmentation
Analyst Recommendations on Nigeria Warehousing Market
For More Information, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Monday, December 9, 2019

Nigeria Logistics Industry | Nigeria warehousing Market: Ken Research

Nigeria Courier, Express and Parcel Logistics Market
The overall revenue generated by the CEP Logistics market has increased from USD ~ Million in 2013 to USD ~ Million in 2018 at a positive CAGR of ~%during the period.
By B2B, B2C, and C2C: The growth of e-commerce business has led to a convergence of B2B and B2C traffic, with parcel logistics providers increasingly embracing both to serve clients’ Omnichannel supply chains. B2C is the segment that is contributing the most revenue in Nigeria. The B2B and C2C are contributing ~% and ~% revenue in the Nigeria CEP Market.
By International/Air and Domestic/Ground Express: The Revenue of International shipments increased from USD ~ Million to USD ~ Million in the period 2013-2018. The international shipments are done majorly by air which is expensive than the nominal charges of road express delivery. Hence, the revenue of international shipments dominates the market.
By Delivery Period:
It is contributing ~% in the courier, express and parcel market. It has a smaller share in the market but is expanding by the International companies and local players even to the International locations from Nigeria. Next day delivery, Two days and Three days delivery and more hold a greater share in the market.
By Intercity and Intracity:
Almost ~% of the revenue is coming from intercity shipments from cities such as Lagos as it is the commercial hub of the country and ~% of the revenue is coming from Intracity shipments. Intercity shipments are more than Intracity Shipments.
By Region:
Lagos State is holding a dominating share in the market due to the presence of major companies and Nipost followed by Abuja and Kano due to populated areas. Others include Nassaraw, Port Harcourt, Enugu, Calabar and more.
Snapshot on Nigeria Road Trucking Aggregators
There are few trucking aggregators that have emerged due to the problem of empty trucks traveling on the road leading to high logistics costs in the country. Various platforms such as Kobo360 and Lori systems have recently moved into the country where the company connects truckers and companies for delivery services through an application.
This is solving problems by providing reverse logistics in the country and also providing additional facilities such as financial aid, HMO facilities, and insurance. Big companies are partnering with aggregator platforms to reduce their logistics cost and also help self-employed truckers to earn better income by more number of trips.
Nigeria Third Party Logistics Market
The overall Nigeria 3PL market has grown from USD ~ Million in 2013 to USD ~ Million in 2018 at a positive CAGR of ~%. The companies do not generally invest in fleets and outsource the services to local players for their technology updated vehicles and assets.
By Market Type: The freight forwarding segment within Nigeria 3PL market dominated with a massive revenue share of ~% in the year 2018. The logistics companies especially the international companies instead of purchasing their own fleet for transportation of goods, outsource the contract to 3PL logistics companies.
Nigeria 3PL Market Competitive Scenario and Market Share of Major Players:
The Nigeria Logistics market is dominated by 3PL firms since the infrastructural challenges and low level of technological advancements discouraged core logistics firms to invest heavily in their own assets. The 3PL services are provided by international players such as DHL, UPS and domestic players such as MDS, GMC, GMT, Flux Logistics, Tranex and many more.
Snapshot on Nigeria E-Commerce Logistics Market
The overall e-commerce logistics revenue has increased from USD ~ million in 2013 to USD ~ million in 2018 with a CAGR of ~% which has further provided an impetus to the growth of logistics the market in the country.
The e-commerce sector is facing problems due to the pay on delivery option as the customers cancel the orders at the time of delivery causing loss to the e-commerce players. Poor customer service and questionable return policies have seen the trust deficit largely worsen among Nigerian customers. Major E-Commerce players in Nigeria are Jumia Nigeria, Konga, Payporte, OLX (used cars), Jiji Nigeria, and Mall for Africa, WaWooh and many more.
Competitive Landscape of the Market
The competition within Nigeria Logistics and Warehousing Market is highly fragmented in nature with the presence of national and international players such as DHL, FedEx-Redstar, UPS, GMT Logistics, MDS logistics, GIG, ABC transport, Bollore, Maersk Line, TSL and many more. The competition in the freight forwarding companies is more than warehousing due to the presence of multiple players with diversified solutions at competitive prices.
The logistic cost in the market is high leading to contraction of the manufacturing sector in the GDP. The warehouses that are near to Lagos are generally charged higher than other places due to its strategic location, trade centralization, and the presence of Industrial parks.
Nigeria Logistics and Warehousing Market Future Outlook and Projections
The overall Logistics Market in Nigeria is expected to increase from USD ~ Million in 2018 to USD ~ Million in 2023 at a positive CAGR of ~% during the period.
The key growth drivers for the market include the rising demand for products through online purchases which has augmented the E-commerce market. The increasing international trade volumes and domestic manufacturing are expected to increase the demand for freight forwarding services.
The key growth drivers of the warehousing sector will be the increasing investment in the industrial parks in export promoting zones with the PPP framework. The growing middle-class population and increasing retail stores and supermarkets will increase the demand for warehousing in the future. The logistics companies are expected to invest in advanced technologies solutions such as autonomous logistics, real-time tracking, and automation in order to provide improved customer service.
Key Segments Covered:-
Freight Forwarding Market
By Mode of Freight
Road Freight
Rail Freight (Volume and Revenue)
Air Freight (Airfreight in Nigeria (Volume- Imports and Exports of Cargo and Mail by Airports)
Sea Freight (Volume By Import –Export And Cargo Type, Logistic cost, Container Freight Rates, Cargo duty, General Cargo Delivery Charges, And Ship Dues)
By Type of Freight
International Freight Revenue
Domestic Freight Revenue
By Flow Corridors
Asian Countries
European Countries
Middle East
America
African Countries
By Contract and Integrated
Contract Logistics Revenue
Integrated Logistics Revenue
By End-User
Food and Beverages
Industrial and Retail
Automotive
Others (Chemical products, fertilizers, pharmaceutical products, perfumes, etc)
Warehousing Market
Revenue by Business Model
Industrial/Retail
CFS/ICD
Cold storage and agriculture
Revenue by Region
Lagos
Kano
Kaduna
Ogun
Nassaraw
Others
Revenue by Type of Warehouses
Open warehouses
Closed warehouse
Revenue by Contract and Integrated warehouses
Contract warehouses
Integrated warehouses
Revenue by End User
Food and Beverages
Automotive
Consumer retail
Health care
Others (Agricultural products and other perishable commodities)
Revenue by Market Structure
Regulated
Unregulated
Courier, Express and Parcel Logistics Market
Revenue by International and Domestic Shipments
International Shipments
Domestic Shipments
Revenue by Type of Express
Air Express
Ground Express
Revenue by Market Structure
B2B
B2C
C2C
Volume by Delivery Period
Same Day Delivery
Next Day Delivery
Two or More Days Delivery
Revenue by Intra City and InterCity
Intra City
InterCity
Revenue by Region
Lagos
Abuja
Kano
Others (Enugu, Port Harcourt, Calabar and many more)
3PL Logistics Market
By Market Type (Freight Forwarding and Warehousing)
Snapshot on E-Commerce Logistics Market in Nigeria
Snapshot on Trucking Aggregators
Kobo360
Lori system
Companies Covered
DHL
BHN Logistics
ABC Transport
UPS (United Postal Services)
Redstar Logistics
Maersk Line
MSC (Mediterranean Shipping Company)
TSL Logistics
Bollore Transport and Logistics
UPS (United Postal Services)
GMT Logistics
GIG logistics
Nipost (Nigerian Postal Service)
MDS logistics
Key Target Audience
Freight Forwarding Companies
E-Commerce Logistics Companies
3PL Companies
Consultancy Companies
Express Delivery Logistics Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023F
Key Topics Covered in the Report:-
Logistics Industry Nigeria
Open warehouse Market Share
Import and Export Shipment Cost Nigeria
Industrial parks in Nigeria
Special Economic zones in Nigeria
Nigeria food and beverages industry
Nigeria Packaged food industry
International trade of Nigeria
Nigeria logistics and warehousing services
Nigeria export Revenue Market
Bollore Transport and logistics market share
UPS Nigeria Logistics Market Analysis
For More Information, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249