Demand Gap in Kenya Warehousing Market Expected to be Filled by Increase in Foreign Trade Volumes, Market Entry of International Players and Booming Horticulture Industry: Ken Research

Despite a major supply gap of modern warehouses, the Kenya warehousing market holds immense opportunity for growth.”

Strategic Location: Kenya is the world’s gateway to East Africa and its capital Nairobi is one of the most vibrant international trading hubs in Africa. Mombasa Port is crucial for international trade. Labor availability in neighboring countries such as Uganda is lesser; hence the companies prefer to hold goods in Kenya. A new Lamu Port is under development along with a LAPSSET Corridor, which is expected to further open up Kenya to international trade.

Booming Retail Business: Contrasting to the global trend, the retail business in Kenya is thriving, making it a lucrative region for international retailers. The increasing middle class and urban-educated population have pushed the demand for shopping centers and e-commerce in Nairobi and other urban counties of Kenya. These centers require modern warehousing services.

Demand for Modern Warehousing: Even though the stock of grade C warehouses or godowns has been declining, both demand and supply for grade A and B warehouses have been rising. Notably, Africa Logistics Park has built a modern warehousing facility of Grade warehouses in Tatu City, North Nairobi, and other such facilities are under construction.

Ease of Doing Business: Kenya has a stable political climate and improving infrastructural development. Factors such as these and a number of reforms related to credit access, taxes, construction permits, make Kenya a lucrative destination for new entrants.

Upcoming Warehousing Hubs: Due to over congestion in Nairobi, investors are now moving to lesser expensive regions for buying/renting warehouses. These regions include Eldoret, Thika, Nakuru, Kiambu, Machakos, and Kakamega. With a dry port coming up in Naivasha and Kisumu, the counties are expected to see a hike in warehousing prices.

Analysts at Ken Research in their latest publication Kenya Warehousing Market Outlook to 2023 – By Closed Normal, Open Yard, Closed Ac and Cold Storage; Contract and Owned Warehousing; Industrial Warehouses, ICD, and Cold Storage” believe that the Warehousing market in Kenya is expected to grow due to increasing foreign trade, market entry of international players and the booming horticulture industry.

Key Segments Covered:-

Warehousing Market

Revenue by End User

FMCG

Horticulture

Retail

Revenue by Type of Warehouse

Closed Normal

Open Yard

Closed Ac

Cold Storage

Revenue by Contract and Integrated Logistics

Contract

Integrated

Revenue by Operation Model

Industrial/Retail

ICD/CFS

Cold Storage/Freezer/Chiller

Warehousing Space by Region

Nairobi

Mombasa

Others (Eldoret, Thika, Nakuru, Kiambu, Machakos and Kakamega)

Key Target Audience

Logistics/Warehousing Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Real Estate Companies/ Industrial Developers

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered:-

Bollore Transport and Logistics

DB Schenker

Siginon Group

Kuehne Nagel

Agility Logistics

Freight Forwarders Kenya

Key Topics Covered in the Report:-

Kenya Logistics and Warehousing Market

Road Freight Industry Kenya

Contract Logistics Warehousing Market Kenya

Owned Logistics Revenue Kenya

Freight Forwarding Competition Kenya

Kenya Outsourced Logistics Market

Kenya Integrated Logistics Market

Kenya International Warehousing Market

Kenya Logistics Market Players

Future Growth Kenya Logistics Market

Kenya Warehousing Market Revenue USD Billion

Revenue earned by Kenya warehousing companies

Comparison land sea air freight charges Kenya

For More Information, Refer To Below Link:-

Kenya Warehousing Market Outlook

Related Reports by Ken Research:-

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

Saudi Arabia Warehousing Market Outlook to 2023 – By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses

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

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

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