Press release
Nigeria Freight and Logistics Market 2021 Analysis by Global Manufacturers - DHL, ABC Transport, UPS (United Postal Services), BHN Logistics
The Nigeria Freight and Logistics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.“The Nigeria freight and logistics market has been on a slow growth trend for the past many years but is expected to grow at a CAGR of around 4 % in the coming years.”
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Top Leading Companies of Nigeria Freight and Logistics Market are DHL, ABC Transport, UPS (United Postal Services), BHN Logistics, Maersk Line, Redstar Logistics, TSL Logistics, MSC (Mediterranean Shipping Company), Nipost (Nigerian Postal Service), Bollore Transport and Logistics, GMT Logistics, MDS logistics, GIG logistics and others.
Key Market Trends:
Growing E-commerce sector to boost the Nigerian Logistics Market
The E-Commerce market has developed quite late in the African continent as compared to the US and China. In the last decade online grocery shopping has become a thing and has changed the way Nigerians shop. All kinds of items are now available online such as books, food, toiletries, clothes, electronics, furniture etc. In 2019, the revenue of the Nigerian E-Commerce market amounted to US$ 4,885.7 million. The revenue is expected to grow at a CAGR of 20.5% in the period of 2019-2023, resulting in a market volume of around US$ 10,290.6 million by 2023. In 2019, the market's largest segment was Fashion with a market volume of US$ 1,761.9 million and User penetration was 52.2% and is expected to reach 75.2% by 2023. With the ease of payments through mobile money and debit cards, increasing internet penetration is expected to help this sector to grow further in Nigeria and also give a boost to the logistics and freight market.
With the booming ecommerce in Nigeria, the delivery providers in the country like DHL, FedEx, EMS, UPS etc. have seen a steady growth in their revenues and as the population is increasing with average revenue per user amounting to US$ 46.53 in 2019, the future of logistics market in the region looks promising.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Nigeria Freight and Logistics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Nigeria Freight and Logistics Market (%),2016 - 2026
- Nigeria Freight and Logistics Market Share, By Brand
- Nigeria Freight and Logistics Market Share, By Company
- Nigeria Freight and Logistics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Nigeria Freight and Logistics Market Value Analysis & Forecast
- Promising Nigeria Freight and Logistics Development by Major Companies
- Detailed Nigeria Freight and Logistics Portfolio of the Major Companies
- Major Deals in the Nigeria Freight and Logistics Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/07202152030/nigeria-freight-and-logistics-market-growth-trends-and-forecasts-2020-2025?Mode=namita
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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