Kenya Freight Forwarding Market is Expected to Cross USD 4 Billion by 2023: Ken Research

Key Findings
• Kenya has started direct flights to the US. This, along with the AGOA will give Kenya greater access to the US markets.
• KSh 180.9 billion have been allocated for on-going roads construction projects as well as the rehabilitation and maintenance of roads. Ksh 55.8 billion have been provided for the completion of Phase 2A of the SGR, Ksh 11.0 billion for the LAPSSET Project; and Ksh 7.2 billion for the Mombasa Port Development Project.
• Kenya has not yet entered a free trade with China as it fears it would cause a surge of imports. However, Kenya has signed a protocol with China that opens frozen Avocado exports to China.

International Trade Agreements to Boost Foreign Trade: The bilateral and free trade agreements with various countries, along with involvement in initiatives such as COMESA, ACP and AGOA, trade is expected to improve substantially. With the African Continental Free Trade Agreement Kenya now has free access to the entire African market.

Growth in the Perishables Export Market: The Department of Livestock aims to increase the volume share of Kenya’s dairy exports in the African region, starting with West Africa and eventually South Africa, with the onset of AfCFTA. With the evergreen demand of Kenyan cut flowers in European market and other horticulture exports to China and other regions, the temperature controlled/ ambient transportation segment is expected to increase in the future.

Expected Boost in Manufacturing and Export Sector: The traditional exports of Kenya are goods such as tea, coffee, fresh fruits and vegetables and flowers. Under Vision 2030 Kenya places an emphasis on large-scale transport projects in rail, road and shipping segments which is also set to boost demand for logistics services.

Advancement in Technology: While GPS tracking and control towers are standard in Western companies, they still have an untapped potential in Kenya. Other upcoming technologies include real time fuel management system, cargo management systems and communication and information systems such as EDI which can be used to reduce paperwork and minimize time taken for compliance procedures.

Analysts at Ken Research in their latest publication “Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail and Pipeline Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding” believe that the Freight Forwarding market in Kenya is expected to grow due to surging government spending, increasing volumes of imports and exports and adaptation to new technology. The Kenya Freight Forwarding Market is expected to grow at a CAGR of 10.5% during the period 2018-2023.

For more information, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kenya-freight-forwarding-market-outlook/240763-100.html

Key Segments Covered

Kenya 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)

Key Target Audience
• Freight Forwarding Companies
• E Commerce Logistics Companies
• 3PL Companies
• Consultancy Companies
• Express Delivery Logistics Companies

Time Period Captured in the Report:
• Historical Period: 2013-2018
• Forecast Period: 2019-2023

Companies Covered:
• DHL
• DB Schenker
• CEVA Logistics
• Kuehne Nagel
• Panalpina
• Maersk Line
• Agility Logistics
• FedEx TNT

Key Topics Covered in the Report
• Logistics Infrastructure in Kenya
• Kenya Freight Forwarding Market Overview
• Kenya Freight Forwarding Market Size
• Kenya Freight Forwarding Market Segmentation
• Competitive Scenario in Kenya Freight Forwarding Market
• Company Profiles of Major Players in Kenya Freight Forwarding Market
• Kenya Freight Forwarding Market Future Outlook and Projections
• Kenya Freight Forwarding Future Market Size
• Kenya Freight Forwarding Market Future Segmentation
• Analyst Recommendations

Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/south-africa-logistics-market/222337-100.html

https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market/204159-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/187996-100.html

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

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This release was published on openPR.