Growth in Kenya Freight Forwarding Market driven by Strategic Location, Increasing Infrastructural Investment, and Boost in Foreign Trade Volumes: Ken Research

0


On the back of the new Standard Gauge Railway and improving foreign trade ties, the logistics sector in Kenya experienced high growth in 2018.

Analysts at Ken Research in their the 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 has grown due to rising government spending, increasing volumes of imports and exports and the convenient geographical placement of Kenya. The market is expected to grow at a CAGR of 10.5% during 2019-2023.

Strategic Location: Kenya is the world’s gateway to East Africa and its capital Nairobi is one of the most vibrant international trading hubs in Africa. Mombasa Port is crucial for international trade for not just Kenya but other neighboring landlocked countries such as Uganda. A new Lamu Port is under development along with a LAPSSET Corridor, which is expected to further open up Kenya to international trade.

Infrastructure Development: Improving infrastructure in the country happens to be a key growth driver for the logistics industry of the county. The government of Kenya has allocated approximately USD 2.5 billion for the transport developmental projects. The willingness of international players to enter the market has made Kenya step up their logistics infrastructure and spending.

Focus on International Trade: For an import oriented country like Kenya, it is all the more crucial to participate in international initiatives towards trade relations. Kenya is a member of COMESA and the EAC along with having signed various trade agreements like ACP, AGOA, and AfCFTA. Therefore Kenya has free access to the entire African market as well as the Asian, European and North American markets for a number of goods.

Ease of Doing Business: Kenya has a stable political climate and cheap labor availability. Factors such as these and a number of reforms related to credit access, taxes, construction permits, make Kenya a lucrative destination for new entrants.

Technological Advancement: While GPS and Control Towers are standard practices in logistics in developed countries, it is employed by only big domestic players and international companies in Kenya. Supply chain visibility has become an increasing demand of clients and freight forwarders in Kenya are also stepping up to new technologies.

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)

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

For More Information, Refer To Below Link:-

Kenya Freight Forwarding Market Outlook

Related Reports by Ken Research:-

South Africa Logistics Market Outlook to 2023 – By Sea, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics and E-commerce Logistics

Philippines Logistics and Warehousing Market Outlook To 2023 – By Freight Forwarding, Warehousing, Express Logistics, E-commerce Logistics, Third Party Logistics, Balikbayan Box Segment

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network

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

Share.

Comments are closed.