Nigeria Logistics Market Research Report: Ken Research

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The report titled 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” provides a comprehensive analysis of the Logistics market in Nigeria. The report covers the overall size and future outlook of Nigeria Freight Forwarding, Warehousing, Courier Express, and Parcel, 3PL, and E-Commerce market in terms of value, segmentation on the basis of service mix, by geography, by ownership and by type of industries. The report also covers the competitive landscape and company profiles of major Freight Forwarding, Warehousing, and Express Logistics Companies in Nigeria. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges.

Nigeria Logistics Market Overview and Size

Logistics is vital for the economic performance of any economy.  Nigeria has poor infrastructure and logistical issues along with delayed custom procedures and congestion on the roads. It is an import-based country and the economy is dependent on the export of crude oil.  Nigeria was ranked 145 out of 190 economies in 2018 in ease of doing business Index and ranks 112 in the Logistics Performance Index (2018). The growth in Nigeria logistics Market has been due to the Infrastructural developments in Railways and Airways, improvement in foreign ties with other countries and the rising e-commerce sector.

Nigeria Logistics Market Segmentation

By Freight Forwarding

The Food and Beverage, Industrial and retail sectors in the country played a significant role in the growth of the freight forwarding market in Nigeria. Increasing demand for Nigerian local food and agricultural products in the country has triggered the demand for cold logistics and warehousing services. Sea freight is the most dominant mode of transportation followed by road and air freight. Over the past decade, Europe has replaced Asia as the major trading partner of Nigeria due to ECOWAS Economic Partnership Agreement with the EU.

By Warehousing

The Nigerian government and private companies are contributors to the increase in demand for cold storage for agricultural and pharmaceutical drugs and medicines. Lagos has been the commercial hub of the country and the most prime location in terms of trade and logistics due to the proximity to the major seaports, airports and industrial parks in the country. The market is strictly regulated by NAFDAC due to poor warehousing standards and rising smuggled goods in the market. The increasing automation technology along with more advanced inventory management systems is expected to help in the growth of the warehousing segment.

By Courier, Express and Parcel Logistics Market

The boom of e-commerce and easing of e-payment systems such as Paystack, PIN-based debit cards in Nigeria have increased the demand for couriers and parcel markets in the country. The rising prominence of online shopping will also contribute towards long term growth for EDS (Express Delivery Segment) in the future. The growth of e-commerce business has led to a convergence of B2B and B2C traffic, with parcel logistics providers increasingly embracing both to serve clients’ Omnichannel supply chains.

 By Third Party Logistics Market

The country is known for its oil and gas exploration and exports to other countries. The oil and gas companies, whose core business is not logistics, prefer outsourcing the work to other logistics partners who have the bigger fleet size and access to all the resources and technology that will ease out their operations and short term needs for them. Companies dealing with perishable items and dangerous goods have complex transportation and warehousing needs. Aggregator platforms such as kobo logistics are becoming extremely popular that has connected the truckers with the companies to reduce the logistics cost and increase their freight.

 By E-Commerce Logistics Market

The E-Commerce market developed quite late in the African continent as compared to the US and China. The E-Commerce market in Nigeria is estimated to be worth USD 13 Billion. In spite of the advancements in online payment options, around 70% of the population still preferred cash on deliveries due to poor customer service and questionable return policies. With the ease of payments through mobile money and debit cards, increasing internet penetration is expected to help this sector to grow in Nigeria.

Competitive Landscape

The competition within Nigeria Logistics and Warehousing Market is highly fragmented in nature with the presence of national and international players such as DHL, FedEx, Redstar, UPS, GMT Logistics, MDS logistics, GIG, ABC transport, Bollore, Maersk Line, TSL and many more. The competition in the freight forwarding companies is more than warehousing due to the presence of multiple players with diversified solutions at competitive prices. The logistic cost in the market is extremely high leading to contraction of the manufacturing sector in the GDP.

Future Outlook and Projections

The overall Logistics Market in Nigeria is expected to increase during the forecasted period due to the growing demand for E-Commerce Products, Increasing International trade and Rise in Domestic Manufacturing. It is expected that there will be an increase in investment towards industrial parks in export promoting zones with PPP framework. The growing middle-class population and increasing retail stores and supermarkets will increase the demand for warehousing in the future.

The logistics companies are expected to invest in advanced technologies solutions such as autonomous logistics, real-time tracking, and automation in order to provide improved customer service.

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/Air and Domestic/Ground Shipments

International/Air Shipments

Domestic/Domestic Shipments

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

Issues and Challenges

Analyst Recommendation

For More Information, Refer To Below Link:-

Nigeria Logistics and Warehousing Market

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

Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail, and Pipeline Freight; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding

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
Ankur@kenresearch.com

+91-9015378249

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