#DB Schenker Freight Share Kenya

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Growth in Kenya Freight Forwarding Market driven by Strategic Location, Increasing Infrastructural Investment, and Boost in Foreign Trade Volumes: Ken Research Buy Now On the back of the new Standard Gauge Railway and improving foreign trade ties, the logistics sector in Kenya experienced high growth in 2018.

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Kenya Freight Forwarding Market Outlook to 2023: Ken Research

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Market Overview

The international movement of commodities via a single or a number of carriers is the freight forwarding market, which consists of sales of freight forwarding services by businesses. Logistics planning, coordination, and shipment flow for the movement of commodities across international borders are referred to as freight forwarding. The freight forwarder handles container tracking, freight consolidation, customs documentation, and freight pricing negotiations.

The main factor for Kenya Freight Forwarding Market is the demand for freight forwarding services, which will anticipate rising due to growing worldwide trade and domestic industry. Additionally, Government programs like the Standard Gauge Railway (SGR), Kenya's advantageous location as the entrance to East Africa, and the thriving retail and import industries were also the drivers of the boost in the market.

Report Analysis

According to the research report, “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” states that the volume of international trade is increasing, which has a big impact on the Kenya freight forwarding market. Global trade is the exchange of goods and services across nations, which will allow consumers and nations the chance to experience products and services that are either unavailable or more expensive domestically. On behalf of shippers, freight forwarders plan the intermodal transportation of commodities, and greater trade volume will increase freight forwarding activities.

Due to the dominant need for 

road transportation for deliveries in rural areas, to adjacent countries that are landlocked, and for last-mile deliveries, road transportation dominates the Kenya Freight Forwarding Market. In Kenya, sea freight is the most common mode of transportation after road freight. Since the Mombasa Port is one of the biggest commercial ports in all of Africa, it is mostly used for international freight. Currently, only a small amount of freight travels by rail, but with the advent of SGR, this number is anticipated to rise.

Competitive Landscape

With over 400 domestic and foreign firms, the Kenyan freight forwarding business is extremely fragmented. Despite being limited, the overseas players own around 70% of the market. Almost all transporters and truckers are local and regional, whereas multi-service organizations are typically global. In terms of factors like technology, efficiency, service offerings, and pricing, the sector is in a growth phase.

A number of mergers and acquisitions are happening in an effort to gain market share, and there is also a shakeout of smaller businesses that cannot survive in the competitive environment. Some major key players in the Kenya Freight Forwarding Market are DHL, DB Schenker, CEVA Logistics, FedEx TNT, Agility Logistics, Panalpina, and others.

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Future Prospects

The market is anticipated to expand at a positive CAGR in the double figures, with one of the major development factors being the expansion of the E-commerce market due to increased online product purchases. The market is also seen to benefit from the government of Kenya's increased annual expenditure on infrastructure and development projects including the LAPSSET corridor, SGR, and upgrading the state of the road, sea, and air transport networks. Due to such factors, new businesses continue to enter the market regardless of tariffs or other trade restrictions.

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

Kenya Freight Forwarding Market Outlook

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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

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

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“On the back of the new Intra-regional trade and improving foreign trade ties, the logistics sector in Africa experienced a growth in 2018.”

Analysts at Ken Research in their latest publication “Africa Logistics and Warehousing Outlook to 2023- By Countries (South Africa, Kenya, Tanzania, Uganda, Nigeria, Namibia and Botswana), Freight Forwarding (Mode of Freight (Road, Rail, Air, Sea and Pipeline), By End Users and by Contract Logistics and Integrated Logistics Warehousing (Type of Warehouses, By End Users and by Contract and Integrated Logistics" believe that the Logistics and Warehousing market of the continent is at its growing stage. Growth in the intra regional trade would help boost the market.

Intra Regional Trade: With the help of the African Continental Free Trade Area there comes an establishment of a single continental market for goods and services which seeks to increase intra-African trade by cutting tariffs by 90% and harmonizing trading rules at a regional and continental level. If the trade agreement turns out to be successful the intra-African trade is expected to increase by 52.3% by 2022.

Growing Third Party Logistics: Growth of Third Party Logistics in Africa has increased by sharing assets, warehousing capacities, and even truckloads. This can enable you to bridge efficiency gaps, avoid under- and over-capacities, reduce the cost of specialized freight services, and eventually foster horizontal collaboration in the sector. This has helped both the prominent and the local players as the former is able to have a larger reach to the clients whereas the latter is able to have an access to their fleet.

Higher Cost of Logistics: The cost of logistics and warehousing in the continent is extremely high as compared to other regions.  In some areas of the continent the transport cost even accounts for a higher trade barrier than the import tariffs or any other trade restrictions. For the East African Community the logistics cost range between 1.7% and 2.8% of the GDP of those economies. Even a single day’s reduction in the inland travel times could lead to a 6-8% increase in the exports which is almost equivalent to the increase in exports which would have taken place with a 1.5% cut in import tariffs of a country.  It has also been estimated that a 10% drop of the logistics costs could help increase trade by 25% across the continent.

Retailers and Wholesalers are Major End Users: The largest revenue providers for the logistics market are the retailers and the wholesalers. Slower retail growth in South Africa has made the logistics companies explore other countries such as Algeria, Kenya and Angola. With respect to Algeria, the retail industry logistics is expected to grow by double digits by 2020. The government of Algeria has plans for the construction of a deep water port at El Hamdania which would also act as a catalyst for the growth of logistics in Africa.

Key Segments Covered

Africa Logistics and Warehousing:

By Service Mix (Freight Forwarding, Warehousing and Courier and Parcel Activities)

Africa Freight Forwarding:

By Mode of Service (Road Freight, Rail Freight, and Air Freight)

By Contract and Integrated Logistics

By End Users (Food, Beverages and Consumer Retail, Automotive and Healthcare and Others)

Africa Warehousing

By Type of Warehouses (Open, Closed, Cold Storage)

By End Users (Food and Beverages, Automotive, Consumer Retail, Healthcare and Others)

By Contract and Integrated Warehousing

Africa Companies Covered

Bollore Africa Logistics

Kuehne Nagel

DHL

Maersk

DSV Panalpine

CEVA Logistics

DB Schenker

Country Profiles

Botswana

Namibia

Tanzania

Uganda

Kenya

Nigeria

South Africa

Key Target Audience

Freight Forwarding Companies

Freight Forwarding Consultancy Companies

Contact Logistics  Companies

Warehousing Companies

Warehousing Consultancies

Venture Capitalists, PE

Freight Tech Companies

Investment Banks

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019(E) -2023 (E)

Key Topics Covered in the Report:-

Logistics Infrastructure in Africa

Africa Freight Forwarding Market Overview

Africa Freight Forwarding Market Size Country Profiles (Botswana, Namibia, Tanzania, Uganda, Kenya, Nigeria and South Africa)

Competitive Scenario in Africa Freight Forwarding Market

Company Profiles of Major Players in Africa Freight Forwarding Market

Africa Freight Forwarding Market Future Outlook and Projections

Africa Freight Forwarding Future Market Size

Africa Freight Forwarding Market Future Segmentation

Analyst Recommendations

Africa Warehousing Market Sixe

Competitive Scenarios in Africa Warehousing Market

Africa Warehousing Future Outlook and Projections

Warehousing Future Market Size and Segmentation

Analyst recommendation

Snapshot on Africa courier , Express and Parcels Market

For more information on the research report, refer to below link:

Africa Logistics and Warehousing Market

Related reports

Uganda Logistics and Warehousing Market Outlook to 2022/23 – By Rail, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding, By warehousing (Industrial / Retail, Container Freight / Inland Container Depot and Cold Storage), By Courier and Parcel

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

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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Kenya Freight Forwarding Market Outlook to 2023: Ken Research Buy Now The report titled "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…

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Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research Buy Now The report titled “Kenya 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), 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics…

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Kenya Logistics and Warehousing Market Future Outlook: Ken Research

Kenya Logistics and Warehousing Market Future Outlook: Ken Research

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Kenya Courier, Express and Parcel Logistics Market

The overall revenue generated by the CEP Logistics market has increased from USD ~ Million in 2013 to USD ~ Million in 2018 at a positive CAGR of ~%during the period. The express delivery has grown at a fast pace due to the fast delivery and hi-tech technologies and attracted many international players in the market such as TNT, UPS, DHL,…