According to SPER Market Research, the Africa Logistics and Warehousing Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%. 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.
Africa Logistics and Warehousing Market Overview (2022-2032)
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
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.
Impact of COVID-19 on the Africa Logistics and Warehousing Market:
The COVID-19 epidemic has made a direct impact on logistics companies that are involved in the flow, storage, and transfer of commodities. When compared to airways and rivers, roads are significantly less impacted by the COVID-19’s effects on the logistics sector. 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. As a result, during the projection period, the demand for refrigerated warehouses is anticipated to increase significantly. The consequences of COVID on the warehouse will be significant and long-lasting. The COVID variances and surges that continue to appear in various parts of the world are making it difficult for the global supply chain and labor pool to keep up.
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Africa Logistics and Warehousing Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Service Mix:
- Courier and Parcel Activities
- Freight Forwarding
By Mode of Service:
- Air Freight
- Rail Freight
- Road Freight
By Type of Warehouses:
- Cold Storage
By End Users:
- Consumer Retail
- Food and Beverages
- South Africa
- Rest of Africa
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.
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