Press release
Nigeria Logistics Market is Expected to Cross USD 1.5 Billion by 2023: Ken Research
• Nigeria SEZ Investment Company is currently raising capital of USD 250 million from various lenders to develop Free trade zones in Katsina, Abia and Lagos State. This will fill the supply-demand gap in the economy.
• E-commerce sector is expected to increase three times in the future that will boost the Courier and Parcel market in Nigeria.
International Trade Agreements to Boost Foreign Trade: The bilateral and free trade agreements with various countries, along with involvement in initiatives such as ECOWAS and AGOA are expected to improve trade substantially. With the African Continental Free Trade Agreement, Nigeria now has free access to the entire African market thereby improving the trade between the neighboring countries and impacting the logistics sector in the future.
The expected boost in the Manufacturing and Export Sector: The government has prohibited the importation of 41 products due to recession in 2016-17 and will focus on building manufacturing and industrial units. The project MINE is an initiative by the newly elected president to develop special economic zones and promote the goods that are made in Nigeria. The first round of funding will concentrate on developing Funtua Cotton Cluster, Enyimba Economic City and Lekki-Epe Model Industrial Park in Katsina, Abia and Lagos State respectively. This will increase the domestic demand as well as exports in the market giving a boost to the warehousing sector. Some of the companies that have been entered recently are Dangote, Vicampro Farm, BlackPace and Kiremko.
Advancement in Technology: Technologies such as GPS tracking and control towers are still not very popular in Nigeria. Other upcoming technologies include real-time fuel management systems, warehousing management systems, cargo management systems, and communication and information systems such as EDI which can be used to reduce paperwork and minimize the time taken for compliance procedures.
Analysts at Ken Research in their the latest publication “Nigeria 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), By End Users, 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” believe that the Logistics market has grown due to Nigeria’s strategic location in the country, infrastructural developments, increasing manufacturing units and e-commerce in the country.
For More Information, Refer To Below Link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/nigeria-logistics-and-warehousing-market-outlook/283923-100.html
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 Infrastructure in Nigeria
Nigeria Logistics Market Size
Nigeria Logistics Market Segmentation
Nigeria Logistics Market Future Outlook
Nigeria Logistics Market Future Segmentation
Nigeria Freight Forwarding Market Size
Nigeria Freight Forwarding Market Segmentation
Nigeria Freight Forwarding Market Future Outlook
Nigeria Freight Forwarding Market Future Segmentation
Nigeria Warehousing Market Size
Nigeria Warehousing Market Segmentation
Nigeria Warehousing Market Future Outlook
Nigeria Warehousing Market Future Segmentation
Nigeria CEP Logistics Market Size
Nigeria CEP Logistics Market Segmentation
Nigeria CEP Logistics Market Future Outlook
Nigeria CEP Logistics Market Future Segmentation
Snapshot on Nigeria E-Commerce Logistics Market
Nigeria Outsourced/3PL Logistics Market Size
Nigeria Outsourced/3PL Logistics Market Segmentation
Nigeria Outsourced/3PL Logistics Market Future Outlook
Nigeria Outsourced/3PL Logistics Market Future Segmentation
Regulatory Environment
Trends and Developments
New Technological Advancements
Analyst Recommendation
Related Reports by Ken Research:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/south-africa-logistics-market/222337-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kenya-freight-forwarding-market-outlook/240763-100.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
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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