Nigeria Logistics And Warehousing Market Growth, Size, Trends, Share, Revenue and Future Outlook
Nigeria Logistics And Warehousing Market Size- By Mode, By Services, By End User Industry- Regional outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: AMIN24179 | Pages: 1 - 108 | Formats*: |
| Category : Automotive & Transportation | |||
Nigeria Logistics And Warehousing Market Introduction and Overview
According to SPER Market Research, the Nigeria Logistics And Warehousing Market is estimated to reach USD 18.39 billion by 2033 with a CAGR of 6.91%.
Warehousing and logistics envelop the cycles and exercises associated with the development and the executives of merchandise across different inventory network stages, from creation to utilization. It incorporates the preparation, execution, and control of the productive, successful stream and capacity of merchandise, benefits, and related data. At its centre, cargo alludes to the transportation of products by different modes like street, rail, air, or ocean. Operations, then again, includes a more extensive degree, integrating exercises past transportation to enhance the whole store network. This incorporates stock administration, warehousing, bundling, material dealing with, request satisfaction, and converse coordinated factors. Powerful cargo and strategies the executives guarantees that products are conveyed to the ideal locations, with impeccable timing, and in the right condition, while limiting expenses and expanding proficiency.
- March 2023; Maersk reported an expected divestment of Maersk Supply Administration (MSS), a supplier of worldwide seaward marine administrations and task answers for the energy area. It found a way this way to assist Maersk Supply Administration with proceeding with additional improvement of new answers for the green progress of the seaward area under new long-haul possession. It additionally denotes the fulfilment of its choice to strip all energy-related exercises and spotlight on genuinely incorporated operations.
- November 2022; GIG joined to buy two ATR 72-500 tankers as it hopes to satisfy developing online business need and extend its airship cargo administrations in Africa.
Market Opportunities and Challenges
Opportunities- Nigeria's expanding economy and population growth are increasing demand for efficient logistics services, including warehousing, transportation, and distribution. As urbanization continues, there is a rising need for modern storage facilities and efficient supply chain solutions to meet the demands of both consumer goods and industrial products across the country. Infrastructure improvements, such as ongoing road and rail projects, are enhancing connectivity between major cities and ports, facilitating smoother movement of goods and reducing logistics costs. These infrastructure investments are crucial in overcoming longstanding challenges related to transportation and distribution efficiency. The growth of online retail has spurred demand for last-mile delivery services and fulfilment centres, driving the need for strategically located warehouses equipped with advanced technologies for inventory management and order processing.
Challenges- The warehouse and logistics sector in Nigeria faces several challenges that impede its full potential. Chief among these challenges is inadequate infrastructure, including poor road networks, inefficient ports, and limited rail connectivity, which hinder smooth transportation and increase logistics costs. The lack of standardized warehousing facilities and modern storage solutions contributes to inefficiencies in inventory management and poses risks to product quality and safety. Security concerns, such as theft and vandalism, along transportation routes and within warehouse facilities, add operational risks and increase insurance costs for logistics providers. Regulatory inconsistencies and bureaucratic hurdles create delays and uncertainties in business operations, impacting the ease of doing business in the country. The volatility of the Nigerian economy, including fluctuating exchange rates and inflation rates, poses financial challenges for logistics companies and affects long-term planning and investment decisions.
Market Competitive Landscape
The Nigeria Logistics And Warehousing Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Africa Access 3PL Limited, AfriGlobal Logistics, A.P. Moller - Maersk, Bolloré Group, CMA CGM Group, Fortune Global Shipping and Logistics Limited, GIG Logistics, Gulf Agency Company (GAC), JOF Nigeria Limited, and Red Star Express PLC.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Mode, By Services, By End-Use Industry |
| Regions covered | North Holland, South Holland, Utrecht, Gelderland, North Brabant and Rest of Netherlands |
| Companies Covered | Africa Access 3PL Limited, AfriGlobal Logistics, A.P. Moller - Maersk, Bolloré Group, CMA CGM Group, Fortune Global Shipping and Logistics Limited, GIG Logistics, Gulf Agency Company (GAC), JOF Nigeria Limited, and Red Star Express PLC. |
COVID-19 Impact on Nigeria Logistics And Warehousing Market
The COVID-19 pandemic has significantly impacted the warehouse and logistics sector in Nigeria. Initially, lockdown measures and restrictions disrupted supply chains, causing delays in transportation and distribution of goods. Many warehouses faced operational challenges due to reduced workforce capacity, social distancing requirements, and health safety protocols, affecting productivity and efficiency. The shift in consumer behaviour towards online shopping and e-commerce during the pandemic increased demand for last-mile delivery services and storage facilities close to urban centres, straining existing logistics infrastructure. This accelerated the need for investment in technology and automation to streamline operations and enhance resilience against future disruptions.
Key Target Audience:
- Manufacturers and Suppliers
- Retailers and Distributors
- E-commerce Platforms
- Importers and Exporters
- Logistics Service Providers
- Government and Regulatory Bodies
Our in-depth analysis of the Nigeria Logistics And Warehousing Market includes the following segments:
| By Mode: |
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| By Services: |
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| By End-Use Industry: |
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Key Topics Covered in the Report:
- Nigeria Logistics And Warehousing Market Size (FY’2024-FY’2033)
- Overview of Nigeria Logistics And Warehousing Market
- Segmentation of Nigeria Logistics And Warehousing Market by Mode (Roadways, Railways, Airways, Seaways)
- Segmentation of Nigeria Logistics And Warehousing Market by Services (Freight Forwarding, Warehousing & Storage, Courier, Express, and Parcel (CE&P))
- Segmentation of Nigeria Logistics And Warehousing Market by End-Use Industry (Manufacturing & Automotive, Oil & Gas, Healthcare, Retail & Consumer Goods, Others)
- Statistical Snap of Nigeria Logistics And Warehousing Market
- Expansion Analysis of Nigeria Logistics And Warehousing Market
- Problems and Obstacles in Nigeria Logistics And Warehousing Market
- Competitive Landscape in the Nigeria Logistics And Warehousing Market
- Impact of COVID-19 and Demonetization on Nigeria Logistics And Warehousing Market
- Details on Current Investment in Nigeria Logistics And Warehousing Market
- Competitive Analysis of Nigeria Logistics And Warehousing Market
- Prominent Players in the Nigeria Logistics And Warehousing Market
- SWOT Analysis of Nigeria Logistics And Warehousing Market
- Nigeria Logistics And Warehousing Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data Mode of Transport2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Netherlands Freight And Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Netherlands Freight An6.2. d Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.3. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Netherlands Freight And Logistics Market
7. Netherlands Freight And Logistics Market, By Mode (USD Million) 2020-2033
7.1. Nigeria Logistics And Warehousing Market, Share and Forecast, By Mode, 2020-20267.2. Nigeria Logistics And Warehousing Market, Share and Forecast, By Mode, 2027-20337.3. Roadways7.4. Railways7.5. Airways7.6. Seaways
8. Netherlands Freight And Logistics Market, By Services (USD Million) 2020-2033
8.1. Nigeria Logistics And Warehousing Market, Share and Forecast, By Services, 2020-20268.2. Nigeria Logistics And Warehousing Market, Share and Forecast, By Services, 2027-20338.3. Freight Forwarding8.4. Warehousing & Storage8.5. Courier8.6. Express8.7. Parcel (CE&P)
9. Netherlands Freight And Logistics Market, By End-Use Industry (USD Million) 2020-2033
9.1. Nigeria Logistics And Warehousing Market, Share and Forecast, By End-Use Industry, 2020-20269.2. Nigeria Logistics And Warehousing Market, Share and Forecast, By End-Use Industry, 2027-20339.3. Manufacturing & Automotive9.4. Oil & Gas9.5. Healthcare9.6. Retail & Consumer Goods9.7. Others
10. Netherlands Freight And Logistics Market Forecast, 2020-2033 (USD Million)
10.1. Nigeria Logistics And Warehousing Market and Market Share
11. Netherlands Freight And Logistics Market, By Region, 2020-2033 (USD Million)
11.1. Nigeria Logistics And Warehousing Market and Market Share By Region (2020-2026)11.2. Nigeria Logistics And Warehousing Market and Market Share By Region (2027-2033)11.3. North West11.4. South West11.5. North Central11.6. Rest of Nigeria
12. Company Profile
12.1. Africa Access 3PL Limited12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. AfriGlobal Logistics12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. A.P. Moller - Maersk12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Bolloré Group12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. CMA CGM Group12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Fortune Global Shipping and Logistics Limited12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. GIG Logistics12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Gulf Agency Company (GAC)12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. JOF Nigeria Limited12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Red Star Express PLC12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Nigeria Logistics and Warehousing Market is projected to reach USD 18.39 billion by 2033, growing at a CAGR of 6.91% during the forecast period.
Nigeria Logistics and Warehousing Market grew in Market size from 2024. The Market is expected to reach USD 18.39 billion by 2033, at a CAGR of 6.91% during the forecast period.
Nigeria Logistics and Warehousing Market CAGR of 6.91% during the forecast period.
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Nigeria Logistics and Warehousing Market size is USD 18.39 billion from 2024 to 2033.
Nigeria Logistics and Warehousing Market is covered By Mode, By Services, By End-Use Industry
The Africa is anticipated to have the highest Market share in the Nigeria Logistics and Warehousing Market.
The key players in the Market include Companies Covered Africa Access 3PL Limited, AfriGlobal Logistics, A.P. Moller - Maersk, Bolloré Group, CMA CGM Group, Fortune Global Shipping and Logistics Limited, GIG Logistics, Gulf Agency Company (GAC), JOF Nigeria Limited, and Red Star Express PLC.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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