Contract logistics is frequently chosen and well-known for acting as the market's driving force. The industry experienced growth during the study period, resulting in a single digit CAGR. The market has been driven by food and drink because related products account for the majority of consumer expenditure. The most common mode of transportation for freight was determined to be the road, followed by rail and marine freight, as a result of improvements in the road infrastructure. In addition, the market for warehousing throughout the continent is growing. The food and beverage sector consumes the most storage space in Africa. Open storage is advised when compared to facilities for closed and cold storage.
The COVID-19 epidemic has made a direct impact on logistics companies that are involved in the flow, storage, and transfer of commodities. The need for pharmaceuticals and vaccinations has dramatically increased as a result of the COVID-19 pandemic. The vast majority of these vaccines must be kept in a refrigerator. Because of this, it is anticipated that during the projection period, demand for chilled warehouses will increase dramatically.
Africa Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bollore Africa Logistics, CEVA Logistics, DB Schenker, DHL, DSV Panalpine, Kuehne Nagel, Maersk.
Africa Logistics and Warehousing Market Segmentation:
By Service Mix: Based on the Service Mix, Africa Logistics and Warehousing Market is segmented as; Courier and Parcel Activities, Freight Forwarding, Warehousing.
By Mode of Service: Based on the Mode of Service, Africa Logistics and Warehousing Market is segmented as; Air Freight, Rail freight, Road Freight.
By Type of Warehouse: Based on the Type of Warehouse, Africa Logistics and Warehousing Market is segmented as; Open, Closed, Cold Storage.
By End Users: Based on the End Users, Africa Logistics and Warehousing Market is segmented as; Automotive, Consumer Retail, Food and Beverages, Healthcare, Others.
By Region: This report provides data for key regional segments of Botswana, Namibia, Tanzania, Uganda, Kenya, Nigeria, South Africa, Rest of Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.