Tuesday, October 1, 2019

Kenya Logistics Market Forecast and Analysis: Ken Research

How Kenya Logistics And Warehousing Market Evolved?
Logistics is vital for the economic performance of any economy. Kenya, like other African countries, has structural issues such as logistics infrastructure but the ease of doing business and favorable political climate has steered it ahead in the race.
Kenya Logistics and Warehousing Market consist of various activities such as freight forwarding, warehousing, e-commerce logistics, 3PL services, express delivery and more. The market also consist of value-added logistics services such as assembly, consolidation, co-packing, cross-docking, direct store delivery, fulfillment, import/export, inspection, inventory management, packaging, pick and pack, pool distribution, record retention, reverse logistics, sorting, translating, transportation management, and more.
Kenya Logistics Market
Kenya Logistics and 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. The growth was mainly due to a rise in infrastructural investment by the government, mainly in the transport sector and Kenya’s strategic location as the gateway to East Africa. In 2018, Kenya achieved rank 61 in the Ease of Doing Business Index and rank 68 in the Logistics Performance Index.
Contrasting to the global trend, the retail business in Kenya is thriving, making it a lucrative region for international retailers. The increasing middle class and urban-educated the population have pushed the demand for shopping centers and e-commerce in Nairobi and other urban Counties of Kenya.
Kenya Freight Forwarding Market Segmentation
By Mode of Freight
Road Transport dominates the freight forwarding market with a share in overall market revenue of ~%. Sea Transport is popular in Kenya for international freight since the Mombasa Port is one of the sizeable commercial ports in entire Africa. Rail Transport is expected to grow by ~% with introduction of SGR.
By Type of Freight
International freight forwarding accounted for larger revenues share in overall Kenya Freight Forwarding Market, accounting for a share of ~% in the year 2018.
By Flow Corridors
Over the past decade, Asia has replaced Europe as the major trading partner of Kenya with a share in overall share of ~% in international freight. Europe is the biggest export destination of Kenya’s cut-flower market with a share of ~%.
By End Users
The major end-users of freight forwarding services in Kenya include the Food and Beverage, FMCG and Industrial sectors with a share of ~%, ~%, and ~% respectively. The F&B sector also creates a demand for cold transportation for perishable items. The Kenya government in its Big Four Development Plan for lays emphasis on food security and manufacturing. This is expected to boost demand for logistics in FMCG and Industrial sector furthermore.
By Contract and Integrated:
Third-Party Logistics in Kenya has been thriving in the Kenya Freight Forwarding Market with a share of ~% in overall market revenue.
Kenya Warehousing Market Segmentation
By End Users
The major end-users of warehousing services in Kenya include the FMCG, Horticulture and Retail sectors with a share of ~%, ~%, and ~% respectively. The Horticulture sector also creates a demand for cold storage for perishable items. The consistent rise in the number of modern retail outlets has during the period 2013 to 2018 led to an increment in the demand of warehouses as well.
By Type of Warehouse
Open yards are the low specification grade C warehouses that are most prevalent in Kenya, constituting a share of ~%. Closed normal warehouses are also C grade warehouses but with walls and contribute revenue share of ~%. Closed AC and Cold Storage are relatively few and contribute a share of ~% and ~% respectively.
By 3PL and Owned Logistics
Third-Party Logistics in Kenya has been thriving in the Kenya Warehousing Market with a share of ~% in overall market revenue.
By Operation Model
The industrial/retail freight segment has dominated the overall Kenya warehousing market with a massive revenue share of ~% in the year 2018. There are a few industrial areas such as Tilisi, Tatu Industrial & Logistics Park, Northlands Commercial Park, Infinity Industrial Park and Nairobi Gateway Logistics Park that is driving the growth of industrial warehouses.
By Regions:
Nairobi and Mombasa are the two most prime locations in Kenya in terms of trade and logistics. Therefore, the warehousing space in Kenya has been clustered around these two regions with a share of ~% each.
Key Segments Covered:-
Freight Forwarding Market
By Mode of Freight
Road Freight (Revenue, Transport Costs)
Rail Freight (Revenue, Volume, Stock of Transport Equipments, Railway Lines, Tariff and Volume Discounts
Air Freight (Revenue, Volume, Flow Corridors, Clearing & Forwarding Charges, Export/Import Rates)
Sea Freight (Revenue, Number of Ships & Containers, Volume, Principal Commodities, Clearing & Forwarding Charges)
Pipeline (Revenue, Throughput Volume)
By Type of Freight
International Freight Revenue
Domestic Freight Revenue
By Flow Corridors (Revenue, Volume of Trade, Principal Commodities)
Asian Countries
European Countries
Middle East
North America
African Countries
By Contract and Integrated
Contract Logistics Revenue
Integrated Logistics Revenue
By End User Revenue
Food and Beverages
FMCG
Industrial
Others (Construction, Chemical, Automotive and others)
Warehousing Market
Revenue by End User
FMCG
Horticulture
Retail
Revenue by Type of Warehouse
Closed Normal
Open Yard
Closed Ac
Cold Storage
Revenue by Contract and Integrated Logistics
Contract
Integrated
Revenue by Operation Model
Industrial/Retail
ICD/CFS
Cold Storage/Freezer/Chiller
Warehousing Space by Region
Nairobi
Mombasa
Others (Eldoret, Thika, Nakuru, Kiambu, Machakos and Kakamega)
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
3PL Logistics Market
By Market Type (Freight Forwarding and Warehousing)
Snapshot on E-Commerce Logistics Market in Kenya
Companies Covered
DHL
DB Schenker
CEVA Logistics
Kuehne Nagel
Panalpina
Maersk Line
Agility Logistics
FedEx TNT
Bollore Transport and Logistics
Siginon Group
Freight Forwarders Kenya
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 – 2019-2023
Key Topics Covered in the Report:-
Open Yard Warehouse Market Revenue Kenya
Closed AC Warehouse Market Share Kenya
Cold Storage Warehouse Market Kenya
Industrial Warehouse services Kenya
Retail Warehouse Market Report Kenya
Number of Freezer and Chiller Warehouse Kenya
Kenya Logistics Market Revenue
Industrial Warehouses Market Kenya
Open Yard Warehouse Market Revenue Kenya
Closed AC Warehouse Market Share Kenya
Cold Storage Warehouse Market Kenya
Industrial Warehouse services Kenya
Retail Warehouse Market Report Kenya
Kenya Logistics Market Analysis
Kenya Logistics Industry Growth
For More Information, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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Location: Kenya

Economic reforms by the Saudi government and Greater Focus on Increasing Financial Inclusion has led to the Growth of Debit Cards, Credit Cards and Other Digital Payment Methods in the Country: Ken Research

Analysts at Ken Research in their latest publication “Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth”, believe that increasing penetration of debit cards and credit cards will create a positive impact on Saudi Arabia cards and payments market. The market is expected to register a positive CAGR of 12.7% in terms of transaction volume during the forecast period 2018-2023. The market is further expected to be driven by the growing E-commerce industry, rising mobile phone penetration and government push towards financial inclusion.

Government launched Mada national payment system to support Mada debit cards. As a result of which, banks are now able to offer online payment services to card holders. Mada debit cards are issued by local banks and are part of the digital payment strategy to reduce cash transactions in the country thus; enabling the use of debit cards to make online payments without restrictions over secure payment platforms.

In 2018, Visa established a partnership with the Saudi Payments Network to launch the Mada Pay feature on Mada debit cards, being the first multi-issuer mobile payment platform to offer contactless NFC (near field communications).

Banks have increased their focus on establishing customer relationships through offering advanced services and competitive loyalty programmes. For instance, Al Rajhi Bank ensures it offers its customers a wide variety of credit card options which are Sharia-compliant and have wide acceptance and flexibility worldwide.

Customer Engagement by Banks: Since digital channels have become a better way to reach out to customers, banks in Saudi Arabia have started to shift from customer experience to customer engagement. The ability to personalize communications, proactively respond to events and queries, and preventing fraudulent activities are some of the key factors in order to improve customer loyalty and retention. Saudi Arabia is making huge investments in digital technology in order to transform the financial industry.

Implementation of VAT: With the implementation of the Value Added Tax in the beginning of 2018 and other increases in the cost of living in the country for most expatriates, consumers found it hard to adapt to changing economic policies and cover their expenditure. The new dependent visa fees for expatriates require expatriates to pay monthly, leading to an increase in the use of credit cards for most household expenses. Loyalty programmes, discounts and cash back points are thus lucrative for consumers in the KSA, and issuers are gearing up to offer attractive loyalty programmes.

Digitization: Huge investments are being made in digital technology to transform the financial industry in Saudi Arabia. Both consumers as well as retailers are more digitalized and technology-oriented. The shift is towards mobile and online payments (especially debit and credit cards), which has been the priority of financial entities looking for customer satisfaction. The penetration rate is low but is steadily increasing over the last decade from cash based economy to electronic payments.   Banks are gearing up to increase this pace of digitization exponentially. Bank transfers to government, payments for custom duties, B2B payments are gradually happening through credit cards.

Saudi Arabia Cards and Payments Market
Payment Cards in Saudi Arabia
Payment Services in Saudi Arabia
Payment System History Saudi Arabia
Payment System Genesis Saudi Arabia
Saudi Arabia Cards and Payments Market Outlook
Saudi Arabia Payments System Market Outlook
Saudi Arabia’s National Payment System
Saudi Arabia’s Cards and Payments Market Segmentation
Paper Clearing Market Saudi Arabia
Cheques Clearing System Saudi Arabia
Paper Clearing Market Size Saudi Arabia
Paper Clearing Market Segmentation Saudi Arabia
Credit Cards in Saudi Arabia
Debit Cards in Saudi Arabia
MADA Cards in Saudi Arabia
SARIE System in Saudi Arabia
SARIE Market Size Saudi Arabia
SARIE Market Segmentation Saudi Arabia
Interbank Payments in Saudi Arabia
Saudi Arabia Payments Market Size
Saudi Arabia Economic Overview
Cheque Clearing System Saudi Arabia
Banks in Saudi Arabia
Islamic Banking in Saudi Arabia
ATMs in Saudi Arabia
Technology Trends in Saudi Arabia
Credit Cards Revenue Streams Saudi Arabia
Debit Cards Revenue Streams Saudi Arabia
Payment Card Operators in Saudi Arabia
Payment Card Issuers in Saudi Arabia
Credit Cards Trends Saudi Arabia
SAMA Regulations Saudi Arabia
Payment Market Trends Saudi Arabia
National Commercial Bank Saudi Arabia
Saudi British Bank
Riyadh Bank
Al Rajhi Bank
Arab National Bank
Samba Financial Group

Key Segments Covered:
Saudi Arabia Payment Landscape
SARIE Market
By Payment Type(Interbank Payments, Customer Payments, Others)

Paper Clearing Market
By Type of Cheques (Commercial and Personal Cheques and Interbank Cheques)
By Region

Credit Cards Market
Number of Cards in Circulation,
Number of Transaction
Transaction Volume
Segmentation By Type(Personal and Commercial)
Revenue Stream in Credit Card
Credit Card Details by Major Issuers
Regulations and Requirements for Credit Cards
Competition Scenario by Issuers and Operators
By Number of Cards in Circulation
By Payment Transaction Volume
Future Projections

Debit Cards Market
Number of Cards in Circulation,
Number of Transaction
Transaction Volume
Revenue Stream in Debit Card
Competition Scenario by Issuers and Operators
By Number of Cards in Circulation
By Payment Transaction Volume
Future Projections

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023

Banks Covered:
National Commercial Bank
Saudi Arabia British Bank
SAMBA Financial Service
Riyad Bank
Al Rajhi Bank
Arab National Bank

Key Topics Covered in the Report
Saudi Arabia Payments Landscape
SARIE Market
Paper Clearing Market
Payment Cards Stakeholders
Digital Phase in Saudi Arabia
Credit Cards Market Size
Credit Cards Market Segmentation
Revenue Stream in Credit Card System
Islamic Banking
Regulations and Requirements for Credit Cards
Competition Scenario in Credit Cards Market
Debit Cards Market Size
Debit Cards Market Segmentation
Revenue Stream in Debit Card System
Competition Scenario in Debit Cards Market
Snapshot on Prepaid Card Market
Snapshot on Charge Card Market
Trends and Developments
Issues and Challenges
Analyst Recommendations

For more information, refer to below link:

Related Reports



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Russia Remittance & Bill Payments Market Driven by Growth in Fintech Companies Coupled with Increased Use of Digital Payment System: Ken Research


The regain of oil and gas prices after a dip and increased number of migration from CIS and Non-CIS countries in Russia has been a major growth driver in Russia Remittance and Bill Payments market of 2018.

Analysts at Ken Research in their latest publication “Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition) – By Domestic Remittance Banking and Non Banking (MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment” believe that pawnshops in Russia can play a major part in expansion plans for money transfer operators. Fast changing technology and mode of payments will require quick adoptions by the major players and small players. A failure to do so will lead to their eventual disappearance as new service models continue to emerge in the Russia.  This will help the sector to register positive CAGR of 5.0% during the period 2018-2023 in terms of transaction volume in International Remittance market.

Internal & External Migration Growth: Russia has been one of the major migration destinations for overseas worker from CIS and Non-CIS countries and ranked amongst top remittance generating countries. With improving economic conditions after recession in 2014-2015, there has been increasing trend of migration in the country in search for jobs. Major migration corridors are Switzerland, USA, Uzbekistan, Tajikistan and other countries. Additionally, increase in internal migrations to Central Federal Districts, Northwestern Federal District and Volga Federal District was observed in 2018 due to increased investments in infrastructure developments projects in the country and Russian from other districts looking for better job opportunities.

Stiff Competition in Russian Remittance Market: Remittance market of Russia is dominated by banking channels in both international and domestic market with low commission fees such as Sberbank, VTB Bank and others. In non-banking channels, local money transfer operators dominate the remittance market with low fees charged compared to international money transfer operators. Growing penetrations of mobile phones and new payment technologies has provided entrance to new players of m-wallets and others in remittance market.

Demand for Utility Services: In the recent years, with development in economic conditions of the country and increased inter-regional and intra-regional migrations in the country, trend of nuclear families and growing expat population has increased the demand of utility services. Bill payment market has registered transaction volume growth at the CAGR of 13.0% in 2013-2018.

Key Segments Covered:-
International Remittance Market
By Flow Type
Inbound
Outbound

By Individuals
Residents
Non-Residents

By Major Flow Corridors
CIS (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Ukraine and Others)
Non-CIS (Switzerland, Latvia, USA, UK, Germany and Others)

By Remittance Channels
Banks
Non Banks

By Payout Mode
Cash
Non-Cash/Electronic Transfer

By Channels
Bank
Non-Banks

Domestic Remittance Market
By Remittance Channels
Banks
Non Banks

By Major Flow Corridors
Central Russian Federal District
Volga Federal District
North-western Federal District

Bill Payments Market
By Mode of Payment
Offline
Online

Method of Payment
Cash
Credit / Debit Cards / E-Wallets
Direct Bank Debits and Transfers

Key Target Audience:-
Money Transfer Operators
Banks
Pawnshops
Bill Payment Companies
M-Wallets
Mobile Money Companies
Central Bank
Investors and PE Firms
Convenience Stores

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2024

Companies Covered:-
Major Bank Channel in Russia:-
Sberbank
VTB Bank
Gazprombank
Alfa Bank

Major Non-Banking Channel in Russia:-
Russian Post
Koronapay
Unistream
CONTACT (QIWI)
Money Gram
Western Union

Key Topics Covered in the Report:-
Russia Remittance and Bill Payments Market
Russia Remittance and Bill Payments Market Revenue
Russia International Remittance Market Growth
Inbound Remittance Market Russia
Cash Transfer Russia Remittance Market
Electronic Transfers Russia Remittance Market
Russia Remittance Offline Payment Market
Russia Remittance Online Payment Market
Russia Remittance Credit Cards Payment Market
Pawnshops Russia Remittance Market
Money Gram Remittance Market Shares Russia
Third Party Bill Payment Market Russia

For more information, refer to below link:-
Russia Remittance and Bill Payments Market

Related Reports:-
Singapore International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors

Philippines Remittance and Payments Market Outlook to 2024 - Growth Backed by Sustained Internal Migration, Rise in Overseas Filipino Workers and Surge in BPO Sector

Europe International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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