Market Snapshot

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Study Period: 2016 – 2026
Base Year: 2021
CAGR: >8 %

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Market Overview

The nigerian Third-Party Logistics ( 3PL ) commercialize is expected to register a increase rate of over 8 % during the bode time period of 2020-2025 .
The growth in the market is driven by the growth in the intra-continental deal via the African Continental Free Trade Agreement ( AfCFTA ). furthermore, the growth in the fabricate sector and the change in the consumption patterns contribute to the marketplace growth, with a higher generation of demand for logistics services .
The major pullbacks of the economy are the infrastructure deficits and the fragmented of supply chains in the countries. The african countries require to massively and strategically invest in connectivity and infrastructure. Along with the below growth, the synchronism of regulations related to different sectors ( such as pharmaceutical products ) and sub-regional blocks is necessary to support trade and an advantageous business climate.

The developing ecstasy infrastructure besides support the emergence of the market. The african government is under talks to develop the roads, railroad track and nautical connectivity of the countries. Nigeria and South Africa – the biggest economies on the continent of Africa are under talks of collaborative work to build road network on the celibate .

Scope of the Report

A comprehensive backdrop psychoanalysis of the Nigeria Third-Party Logistics ( 3PL ) market, covering the current commercialize trends, restraints, technological updates and detail information on assorted segments and competitive landscape of the industry. The affect of COVID-19 has besides been incorporated and considered during the survey .

By Services
Domestic Transportation Management
International Transportation Management
Value-added Warehousing and Distribution
By End-User
Manufacturing & Automobile
Oil, Gas & Chemicals
Distributive Trade (Wholesale and Retail trade including e-commerce)
Pharma & Healthcare
Construction
Other End Users

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Key Market Trends

AfCFTA to Increase Intra Regional Trade

The intra-Africa deal presently is limited to 15 % of Africa ’ s total craft, indicating a identical fallible intra-regional measure chain as compared to Asia, where it is at 80 %. With the insertion of the African Continental Free Trade Agreement ( AfCFTA ), which is the world ‘s largest free trade partition signed by 54 countries and is expected to revolutionize trade across the continent, the trade volume and hence the economy of the continent is expected to grow importantly. The dissemble will focus on increasing the output capabilities in an extremely competitive global landscape .
With the agreement implemented, the fabrication and production of essentials and value-added products will increase improving the economic diversification and accelerating structural transformation, increasing the investments and decreasing the addiction on tug forces ; shaping the competitiveness of african economy by productivity gains. With the increase in in-house production in South Africa, global exports are besides expected to increase .
Although Nigeria signed the agreement in July 2019, in October, it slapped a ban on the bowel movement of all goods from countries like Benin, Niger and Cameroon, banning all trade—import and export—with its neighbouring countries to curb the smuggle of goods like rice, tomatoes and poultry and tone Nigeria ’ s agrarian sector. The banish was removed in December with the potent determination of not allowing any smuggle and early destructive trade practices to continue unbridled in the state, undermining the state ’ sulfur development efforts .
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Boost in manufacturing output and exports to increase the demand for 3PL services

The project Make in Nigeria for Export ( MINE ) is a presidential first step, to develop the “ first ” Special Economic Zones ( SEZs ) across Nigeria and boost the manufacture of “ Made in Nigeria ” goods for export, regionally and globally. The plan aims to increase the manufacture sector ’ sulfur contribution to GDP to about 20 %, create 1.5 million newfangled address jobs and generate over USD 30 billion annually by the year 2025. The Federal Executive Council ( FEC ), Economic Management Team ( EMT ) and Project MINE ’ s Steering Committee of the country will be working under the sustainable Public-Private Partnership ( PPP ) exemplar to develop SEZs across Nigeria .
The first gear round of fund will quintessence on developing Funtua Cotton Cluster, Enyimba Economic City and Lekki-Epe Model Industrial Park in Katsina, Abia and Lagos State respectively increasing the domestic demand deoxyadenosine monophosphate well as exports in the marketplace giving a hike to the logistics and warehousing sector .
big companies are acquiring and partnering with the companies in Nigeria looking at the growth telescope in the state. For exemplify, Coca-Cola acquired a 40 % post in the Nigeria based beverage company, Chi Limited intending to evolve as a total beverage ship’s company with the avail of Chi ’ s divers range of portfolio .
With the trade agreement in put, the setting of the development of the manufacturing outer space in Nigeria is huge .
nigerian freight logistics startup Kobo360 raised USD 20 million Series A orotund led by Goldman Sachs and USD 10 million in working capital financing from nigerian commercial banks. The company connects truckers and companies to delivery services will use the funds to upgrade its platform and boom to 10 newly countries beyond current operating markets of Nigeria, Togo, Ghana and Kenya .
Maersk Shipping Line has concluded plans to provide logistics and provision chain management support for FMCG companies in Nigeria. The Sealink is envisioned to bridge the regional nautical logistics infrastructure gap and to besides moderate the conveyance logistics in intra-African trade .
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Competitive Landscape

The market is highly fragmented with a big number of local and external players such as DHL, FedEx, UPS, GMT Logistics and Maersk as its key players. Given the huge population and regulative changes in the economy, the country expects a rapid increase in the coming years. Companies globally are investing in the development of their business in the area in decree to grasp the opportunity .
Among holocene developments, UAE-based retailer Lulu Group annoucned plans to set up a source and logistics facility in Nigeria to export local anesthetic agrarian produce across the GCC, India and the Far East .

Major Players

  1. Maersk
  2. DHL International GmbH.
  3. Creseada International Limited
  4. Bollore Transport and Logistics
  5. MSC (Mediterranean Shipping Company)

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Table of Contents

  1. 1. introduction
    1. 1.1 Study Deliverables
    2. 1.2 Study Assumptions
    3. 1.3 telescope of the Study
  2. 2. RESEARCH METHODOLOGY
    1. 2.1 Analysis Methodology
    2. 2.2 Research Phases
  3. 3. executive summary
  4. 4. market DYNAMICS AND INSIGHTS
    1. 4.1 current Market scenario
    2. 4.2 Market Dynamics
      1. 4.2.1 Drivers
      2. 4.2.2 Restraints
      3. 4.2.3 Opportunities
    3. 4.3 Value Chain / Supply Chain Analysis
    4. 4.4 Government Regulations and Initiatives
    5. 4.5 General Trends in Warehousing market
    6. 4.6 need From other Segments, such as CEP, last Mile Delivery, Cold Chain Logistics Etc .
    7. 4.7 Insights on Ecommerce Business
    8. 4.8 technological Developments in the Logistics Sector
    9. 4.9 Industry Attractiveness – porter ‘s basketball team Forces analysis
    10. 4.10 Impact of Covid-19 on the grocery store
  5. 5. grocery store SEGMENTATION
    1. 5.1 By Services
      1. 5.1.1 domestic Transportation Management
      2. 5.1.2 International Transportation Management
      3. 5.1.3 Value-added Warehousing and Distribution
    2. 5.2 By End-User
      1. 5.2.1 Manufacturing & Automobile
      2. 5.2.2 Oil, Gas & Chemicals
      3. 5.2.3 distributive Trade ( Wholesale and Retail trade including e-commerce )
      4. 5.2.4 Pharma & Healthcare
      5. 5.2.5 construction
      6. 5.2.6 other end Users
  6. 6. COMPETITIVE LANDSCAPE
    1. 6.1 Overview ( market assiduity and major players )
    2. 6.2 ship’s company Profiles
      1. 6.2.1 Maersk Line
      2. 6.2.2 DHL International GmbH .
      3. 6.2.3 Creseada International Limited
      4. 6.2.4 Bollore Transport and Logistics
      5. 6.2.5 MSC ( Mediterranean Shipping Company )
      6. 6.2.6 ABC Transport
      7. 6.2.7 LOGISTIQ XPEDITORS LIMITED
      8. 6.2.8 REDOXCORP SHIPPING & LOGISTICS LIMITED
      9. 6.2.9 GWX
      10. 6.2.10 Redline Logistics
      11. 6.2.11 AGS Movers Lagos
      12. 6.2.12 UPS ( United Postal Services ) *
    3. *List not Exhaustive

  7. 7. FUTURE OF NIGERIA 3PL market
  8. 8. APPENDIX

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Frequently Asked Questions

What is the study period of this market?

The Nigeria Third-Party Logistics ( 3PL ) market market is studied from 2016 – 2026 .

What is the growth rate of Nigeria Third-Party Logistics (3PL) Market?

The Nigeria Third-Party Logistics ( 3PL ) market is growing at a CAGR of > 8 % over the adjacent 5 years .

Who are the key players in Nigeria Third-Party Logistics (3PL) Market?

Maersk, DHL International GmbH., Creseada International Limited, Bollore Transport and Logistics, MSC ( Mediterranean Shipping Company ) are the major companies operating in Nigeria Third-Party Logistics ( 3PL ) grocery store.

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