Nigeria Freight Forwarding Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Nigeria Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail, and Pipeline Freight; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding” provides a comprehensive analysis of the Freight forwarding market in Nigeria. The report covers the overall size and future outlook of Nigeria Freight Forwarding in terms of value, segmentation on the basis of service mix, by geography, by ownership and by type of industries. The report also covers the competitive landscape and company profiles of major Freight Forwarding companies. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges. Nigeria Freight Forwarding Market Overview and Size Logistics is vital for the economic performance of any economy. Nigeria, like other African countries, has structural issues such as logistics infrastructure and cumbersome customs procedures at the seaports. In 2018, it ranked very low (131 out of 137) in terms of overall infrastructure and ranked 146 in the Ease of Doing Business Index. Nigeria Logistics Market has witnessed positive growth over the past few years and revived from a recession in 2017. The growth was mainly due to government initiatives such as the Standard Gauge Railway (SGR) by CCECC (China Civil Engineering Construction Corporation) and Development of ICD (Inland Container Depot) by the government in Nigeria. Nigeria’s huge oil and gas reserves make it a suitable destination for companies to invest. Nigeria Freight Forwarding Market Segmentation By Mode of Freight Sea Transport dominated the freight forwarding market as the country is import oriented with almost all the products from consumer goods to electronic equipment imported from other foreign countries by sea. Major exporting products such as oil and petroleum products are transported by seaways only. Lagos Port Complex and Tincan Port Complex are two major seaports in Lagos. Road transport is important due to last-mile delivery in e-commerce and transporting goods to other neighboring African countries but is suffering from the poor condition of roads in the country. Air transport is not very popular in cargo transportation and used mostly for passenger transportation. Rail Transport is expected to grow with the introduction of SGR in Nigeria. By Domestic and International Freight The market share of International Freight has increased in comparison to domestic freight in the last few years. International Freight is dominant as Nigeria is an import oriented country and export oil and petroleum products. Moreover, with the formation of the African Union and implementation of African Continental Free Trade Agreement (AfCFTA), African Growth and Opportunity Act (AGOA), ECOWAS (Economic Community of West African States), international trade of Nigeria is at an all-time rise with other African Countries. By Flow Corridors Over the past decade, Europe has replaced Asia as the major trading partner of Nigeria. Nigeria imports refined petroleum products and machinery from Europe and exports Cocoa beans, crude oil and shipping and floating structures. EU ECOWAS Economic Partnership Agreement (EPA) is increasing trade with all West African countries. Asian countries such as China and India are major trading partners with Nigeria. Majority of Nigeria’s imports and exports are transported by seaports in Lagos and less percentage by air. By End Users The major end-users of freight forwarding services in Nigeria include the Food and Beverage, Industrial and retail sectors. The F&B sector also creates a demand for cold transportation for perishable items. Increasing Nigerian local food products in the country has triggered the demand for logistics and warehousing services. Products such as shipping structures, Machinery, and home appliances are increasing the demand for logistics in the country. By Contract and Integrated Logistics Third-Party Logistics in Nigeria has been thriving in the Nigeria Freight Forwarding Market. Nigerian freight forwarding market constitutes numerous small and medium enterprises. Due to infrastructural challenges, big market players prefer to outsource services to local transporters and focus on their core competencies. Companies do not wish to employ their own logistics arm since it involves capital investment and a lot of hassle. Competitive Scenario The Nigeria Freight Forwarding market is highly scattered with over 1,200 local freight forwarding companies registered under the Council for Freight Forwarders in Nigeria. While the international players are few, they control the majority of Airfreight and Sea freight forwarding market. Domestic companies dominate in road freight forwarding market with almost all local and regional transporters/truckers. The industry is at a growth stage in terms of parameters such as technology, efficiency and service portfolio but not pricing as the logistic cost is too high leading to contraction of the manufacturing sector in the GDP. The cost of transporting 40ft container and 20 ft container to warehouses has increased 400% in the past few years. Future Outlook and Projections The market is expected to grow at a positive double-digit CAGR and the key growth drivers would include rising demand for products through online purchases which has augmented the E-commerce market. The increasing international trade volumes and domestic manufacturing are expected to increase the demand for freight forwarding services. The increasing year on year investment by the government of Nigeria on infrastructural and development projects such as Trans-African Highway (TAH), SGR, and improving the state of road, sea, and air transport network is also witnessed to positively impact the market. Due to such reasons, new firms continue to enter the market despite any tariff or trade barriers. Key Segments Covered:- Nigeria Freight Forwarding Market By Mode of Freight Road Freight Rail Freight (Volume and Revenue) Air Freight (Airfreight in Nigeria (Volume- Imports and Exports of Cargo and Mail By Airports) Sea Freight (Volume By Import –Export And Cargo Type, Logistic cost, Container Freight Rates, CARGO duty, General Cargo Delivery Charges, And Ship Dues) By Type of Freight International Freight Revenue Domestic Freight Revenue By Flow Corridors Asian Countries European Countries Middle East America African Countries By Contract and Integrated Contract Logistics Revenue Integrated Logistics Revenue By End-User Food and Beverages Industrial and Retail Automotive Others (Chemical products, fertilizers, pharmaceutical products, perfumes etc) Companies Covered:- DHL BHN Logistics Bollore Logistics ABC Transport UPS (United Postal Services) Redstar Logistics Maersk Line MSC (Mediterranean Shipping Company) TSL Logistics Key Target Audience Freight Forwarding Companies E-Commerce Logistics Companies 3PL Companies Consultancy Companies Express Delivery Logistics Companies Time Period Captured in the Report:- Historical Period – 2013-2018 Forecast Period – 2019-2023 Key Topics Covered in the Report:- Logistics Infrastructure in Nigeria Nigeria Freight Forwarding Market Overview Nigeria Freight Forwarding Market Size Nigeria Freight Forwarding Market Segmentation Competitive Scenario in Nigeria Freight Forwarding Market Company Profiles of Major Players in Nigeria Freight Forwarding Market Nigeria Freight Forwarding Market Future Outlook and Projections Nigeria Freight Forwarding Future Market Size Nigeria Freight Forwarding Market Future Segmentation Analyst Recommendations For More Information, Refer To Below Link:- Nigeria Freight Forwarding Market Outlook Related Reports by Ken Research:- 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 Uganda Freight Forwarding Market Outlook To 2023 – By Road, Rail And Air Freight; International And Domestic Freight, Integrated And Contract Freight And By End Users (Food And Beverages And Consumer Retail, Automotive, Healthcare And Others) 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: 3PL and Integrated Logistics Market Nigeria, ABC Logistics Nigeria Market Share, Africa Logistics Market Revenue, Air Freight Flow Corridor Nigeria, BHN Logistics Revenue Share Nigeria, Bollore Logistics Market Analysis Nigeria, Cargo Shipping Cost to Nigeria, container freight stations Niagara, container type Logistics cost Nigeria, Contract Logistics Freight Forwarding Nigeria, Contract Logistics Freight Nigeria, Contract Logistics Revenue Nigeria, Cost air express and ground express services Nigeria, DHL Nigeria Fright Forwarding Revenue, E-Commerce Logistics Companies in Nigeria, End User Demand for Freight Forwarding services in Nigeria, Freight Forwarding Competition Nigeria, Freight Forwarding Developments Nigeria, Freight Forwarding Industry in Nigeria, Freight Forwarding Industry Nigeria, Freight Forwarding Market in Nigeria, Freight Forwarding Market Nigeria, Freight Forwarding Trucking Companies Nigeria, General Cargo Delivery Charges Nigeria, Import and Export Cargo Cost Nigeria, Import and Export Shipment Cost Nigeria, Inland Container Depot Niagara, Integrated Logistics Revenue Market Nigeria, International Freight Companies in Nigeria, International trade of Nigeria, Maersk Line Nigeria Market Analysis, Major freight forwarding companies in Nigeria, msc nigeria freight forwarding revenue, Nigeria Cold Transportation Revenue, Nigeria Container Freight Rates, Nigeria Domestic Freight Companies Share, Nigeria Domestic Freight Market Revenue, Nigeria E-Commerce logistics Market Demand, Nigeria ECOWAS Agreement, Nigeria exports Revenue, Nigeria Express Delivery Logistics Companies, Nigeria Freight Forwarders, Nigeria Freight Forwarding Growth in USD Billion, Nigeria Freight Forwarding Industry, Nigeria Freight Forwarding Industry Research Report, Nigeria Freight Forwarding Market, Nigeria Freight Forwarding Market Analysis, Nigeria Freight Forwarding Market Future Outlook, Nigeria Freight Forwarding Market Growth Forecast, Nigeria Freight Forwarding Market Major Players, Nigeria Freight Forwarding Market Research Report, Nigeria Freight Forwarding Market Revenue, Nigeria Freight Forwarding Market Share, Nigeria Freight Forwarding Market Size, Nigeria Freight services End user demand, Nigeria GDP from Freight Forwarding, Nigeria Integrated Logistics Market Revenue, Nigeria International Freight Market Share, Nigeria Land and Sea Freight Market Revenue, Nigeria land sea air freight Cost Comparison, Nigeria Logistic and Warehousing Industry, Nigeria Logistic and Warehousing Market, Nigeria logistics and warehousing services, Nigeria Logistics Market Research Report, Nigeria Oil Transportation Revenue Market, Nigeria Rail Freight Revenue, Nigeria Rail Freight Revenue Share, Nigeria Road and Rail Freight Market Revenue, Nigeria Sea Freight Forwarding Market, Nigeria Transportation Major Companies, Number of Seaports in Nigeria, Pipeline Freight Forwarding charges Nigeria, Pipeline Transport Revenue Market Nigeria, Redstar logistics Market Share Nigeria, Revenue earned by Nigeria freight companies, Road Freight Industry Nigeria, Third Party Logistics in Nigeria, TSL Logistics Fright Revenue Nigeria, UPS Nigeria Logistic Market Share