South Africa Freight And Logistics Market To Witness The Highest Growth Globally In Coming Years 2022-2025

Market Insights Reports has added new statistical data to its repository titled as, South Africa Freight And Logistics Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The South Africa Freight And Logistics market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The South Africa Freight and Logistics Market are estimated to grow at a CAGR of approximately 4% during the forecast period.

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Top Key Players in the South Africa Freight And Logistics Market are DACHSER SOUTH AFRICA (PTY) LTD, ORANGE PALLET (PTY) LTD, IMPERIAL MANAGED LOGISTICS (PTY) LTD, KUEHNE AND NAGEL (PTY) LTD, FEDEX EXPRESS SOUTH AFRICA (PTY) LTD, MEGAFREIGHT SERVICES (PTY) LTD, CHEP, F H BERTLING LOGISTICS (PTY) LTD, CFR FREIGHT SOUTH AFRICA (PTY) LTD, TOLL GLOBAL FORWARDING (SA) (PTY) LTD, BOPANG DISTRIBUTION AND LOGISTICS (PTY) LTD, FPT GROUP (PTY) LTD, GREEN JACKET FREIGHT (PTY) LTD, LOCAL FREIGHT SERVICES (PTY) LTD*, and others. 

Market Overview:

South Africa’s total logistics volumes rose 3.1% in July 2019 compared to 2018. This recovery is attributed to a more stable electricity supply from Eskom (Electricity supply commission) and largely driven by the country’s land transport sector, which is up 4.6% in 2018. the volume of freight transported by road in South Africa increased by 9.5% in 2018 but decreased by 4.3% in the Q1 2019.
In order to achieve a spark in economic growth during 2017-2018, the government of South Africa has made significant investments in upgrading its aging road infrastructure. This, in turn, is likely to boost the logistics market by 2020. South Africa’s efforts in increasing exports of goods and services in the region and positioning the country as a hub for African regional and global engagement through trade agreements will necessitate complementary measures such as improved transportation and regulation for increased trade.

Key Market Trends:

Increase in Exports:

South Africa had a small trade surplus of USD 998 million for 2018, with total merchandise exports of USD94.4 billion and imports of USD93.4 billion. South Africa’s top trading partners for 2018 are China, Germany, the United States, India, and the United Kingdom. The main products exported are platinum, coal, motor cars, gold, and iron ore. The main import products are crude oil, petroleum oils (not crude), motor cars, and telephone sets (including cell phones). South African vehicle exports reached a record high in 2019, partially offsetting a decline in domestic vehicle sales.

As technology advances, the importance of the internet and the digital age will see continued dominance of the tertiary sectors, which provides products and services to all other industries in the economy. This is the context in which industrial and logistics accommodation is developing in the economy. This has contributed to a growing demand for logistics and warehousing which continues to expand.

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This South Africa Freight And Logistics Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2025

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about South Africa Freight And Logistics market:

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– Where are the greatest dangers?              

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