“On the back of new manufacturing industries and improving foreign trade
ties, the warehousing sector in Nigeria experienced high growth in 2018.”
Analysts at Ken Research in their
the latest publication “Nigeria Warehousing Market Outlook to
2023 – By Operational Model, Open and Closed, End Users, Regulated and
Unregulated, Regions, Integrated and Contract Warehouses” believe
that the warehousing market in Nigeria is expected to grow due to
government spending, Industrial parks, International trade, strict regulations
by NAFDAC and adaptation to new technology.
Strategic Location: Nigeria
is the world’s gateway to West Africa and Lagos is one of the most vibrant
international trading hubs in Nigeria. Most of the sea transportation is
done by two seaports in Lagos namely Lagos Port Complex and Tin can Port.
A new Deep Sea Port in Lekki and Trans-African
Highway is being constructed, which is expected to
further open up Nigeria to international trade. Also, Airport
connectivity is great with major foreign countries with MMI Airport in Lagos as
the busiest one involved in cargo transportation.
Focus on Manufacturing
Sector: Nigeria is focusing on making the country self-dependent. Nigeria
Automotive Industry Development Plan has been initiated to ignite the
automobile manufacturing units in the country. Food and Beverages and
agro-processing industries are opening due to the products
that have been banned from importing (41 Products). Manufacturing
and Agriculture related industries are given the benefits by the issuance of
single-digit interest rate loans to firms, thereby increasing the
number of manufacturing and agri related industries.
Infrastructure Development: An
investment of NGN 200 Billion has been made in constructing
new seaports and airport infrastructure in the past 10 years. Abuja-Kaduna SGR has
been completed to facilitate cargo and passenger movement. This
is facilitating trade and the need for more warehousing space in the country.
E-commerce Sector and Retail
Outlets:
Big E-commerce giants such
as Konga and Jumia have contributed to the retail demand
for products and increase the revenue of the warehousing
sector. Konga has recently launched two mega warehouses in
Abuja and Port Harcourt. The growing middle-class population in Nigeria has
increased the demand for packed food items, clothing items, electronics,
gadgets, and many more products. This has increased the number of retail stores
and supermarkets that require warehousing space to manage their seasonal
goods and additional stock. Traditional store retailers such
as Next Cash and Mr. Price have opened e-stores to boost sales.
Key
Segments Covered:-
Nigeria
Warehousing Market
Revenue by Business Model
Industrial/Retail
CFS/ICD
Cold storage and Agriculture
Revenue by Region
Lagos
Kano
Kaduna
Ogun
Nassaraw
Others
Revenue by Type of Warehouses
Open warehouse
Closed warehouse
Revenue by Contract and Integrated warehouses
Contract warehouses
Integrated warehouses
Revenue by End User
Food and
Beverages
Automotive
Consumer retail
Health care
Others
(Agricultural products and other perishable commodities)
Revenue by Market Structure
Regulated
Unregulated
Companies
Covered:-
DHL
Bollore Transport and Logistics
UPS (United Postal Services)
GMT Logistics
MDS logistics
Key Target Audience
Warehousing Companies
3PL
Companies
Consultancy
Companies
Real
estate companies
E
commerce players
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023E
Key Topics Covered in the Report:-
Nigeria Warehousing Market Overview
Nigeria Warehousing Market Size
Nigeria Warehousing Market
Segmentation
Competitive Scenario in Nigeria
Warehousing Market
Company Profiles of Major Players in
Nigeria Warehousing Market
Nigeria Warehousing Market Future
Outlook and Projections
Nigeria Warehousing Future Market Size
Nigeria Warehousing Market Future
Segmentation
Analyst Recommendations on Nigeria
Warehousing Market
For More
Information, Refer To Below Link:-
Related
Reports by Ken Research:-
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