Kenya Warehousing Market Outlook, Size, Growth Rate, Analysis, Major Players, Share & Forecast to 2023: Ken Research

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Market Overview

A warehouse is a sizable structure used to store produced goods and raw materials. It performs routine warehouse tasks that humans formerly carried out using machines and computers. These tasks include recognizing and accepting orders, counting things, storing them, later remembering their locations, and sending orders to the appropriate location.

The main drivers driving the growth of Kenya’s warehousing segment include an increase in the volume of international trade, the entry of foreign rivals into the business, and the rising perishables market in Kenya.

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Report Analysis

According to the research report, “Kenya Warehousing Market Outlook to 2023 – By Closed Normal, Open Yard, Closed Ac and Cold Storage; Contract and Owned Warehousing; Industrial Warehouses, ICD, and Cold Storage” emphasizes the expansion of e-commerce, which has increased consumer demand for products through online sales, which would lead to a rise in the warehousing market. The sector’s consistent, rapid growth is another aspect that contributes to Kenya’s strategic position as the entry point to East Africa and the accessibility of a huge supply of skilled labor.

The FMCG industry has dominated the warehousing market on the basis of increasing trade volume and middle-class customer demand for Asian finished products. In addition, the horticultural sector in Kenya is flourishing and calls for temperature-controlled storage for cut flowers, fresh fruits, and vegetables. Another well-liked sector that has progressively expanded as a result of rising purchasing power and the emergence of supermarkets is retail.

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Open yards usually referred to as god owns, are the most common type of warehouse in Kenya. Temperature-controlled bonded warehouses and specialized cold storage facilities are among the growing number of Grade B and Grade A warehouses. Normal a closed warehouse is more typical than an AC Closed warehouses offer just the most basic comforts, like security against burglary and inclement weather.

Key Players

DB Schenker, Siginon Group, Agility Logistics, Kuehne Nagel, Bollore Transport and Logistics, Freight Forwarders Kenya, etc. are some major key players in the Kenya Warehousing Market.

Regional Analysis

Kenya’s two most important cities in terms of trade and logistics are Nairobi and Mombasa. As a result, these two areas in Kenya have become the center of the country’s warehousing activity. The majority of these warehouses fall under the Grade C classification and are typically open yard warehouses. In Kenya, Eldoret, Thika, Nakuru, Kiambu, Machakos, and Kakamega are also hubs for warehousing. Investors and logistics businesses are currently looking to relocate to more accessible, less congested, and less expensive alternatives due to overcrowding in the key districts.

Future Outlook

Over the forecast period of 2018-2023, the market for warehousing is anticipated to grow at a double-digit CAGR due to Kenya’s plans to become the continent of Africa’s manufacturing and commerce industry. The need for freight forwarding and warehousing services is anticipated to rise as a result of rising local industrial and international trade volumes. The demand for modern warehouses and cold storage is also predicted to rise as a result of the influx of foreign investments into Kenyan markets, particularly in the horticulture export sector.

Key Segments Covered:-

Warehousing Market

Revenue By End User

  • FMCG
  • Horticulture
  • Retail

Revenue By Type of Warehouse

  • Closed Normal
  • Open Yard
  • Closed Ac
  • Cold Storage

Revenue By Contract and Integrated Logistics

  • Contract
  • Integrated

Revenue By Operation Model

  • Industrial/Retail
  • ICD/CFS
  • Cold Storage/Freezer/Chiller

Warehousing Space By Region

  • Nairobi
  • Mombasa
  • Others (Eldoret, Thika, Nakuru, Kiambu, Machakos, and Kakamega)

Key Target Audience

  • Logistics/Warehousing Companies
  • E-Commerce Logistics Companies
  • 3PL Companies
  • Consultancy Companies
  • Real Estate Companies/ Industrial Developers

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered:-

  • Bollore Transport and Logistics
  • DB Schenker
  • Siginon Group
  • Kuehne Nagel
  • Agility Logistics
  • Freight Forwarders Kenya

Key Topics Covered in the Report:-

  • Kenya Warehousing Market Overview
  • Value Chain of Kenya Warehousing Market
  • Kenya Warehousing Market Size
  • Kenya Warehousing Market Segmentation
  • Industry Norms and Regulations in Kenya Warehousing Market
  • Competitive Scenario in Kenya Warehousing Market
  • Company Profiles of Major Players in Kenya Warehousing Market
  • Kenya Warehousing Market Future Outlook and Projections
  • Future Technological Development in Kenya Warehousing Market
  • Kenya Warehousing Future Market Size
  • Kenya Warehousing Market Future Segmentation
  • Analyst Recommendations

For More Information on the research report, refer to below link:-

Kenya Warehousing Market Outlook to 2023: Ken Research

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