The report presents an in-depth assessment of the Nigeria Third-Party Logistics (3PL) Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Nigeria Third-Party Logistics (3PL) investments from 2021 till 2025.
Nigeria Third-Party Logistics (3PL) market is growing at a CAGR of 8% during the forecast period (2021-2025).
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The Nigeria Third-Party Logistics (3PL) market is highly competitive and consists of a number of major players. Top Companies like Maersk Line, DHL International GmbH., Creseada International Limited, Bollore Transport and Logistics, MSC (Mediterranean Shipping Company), ABC Transport, LOGISTIQ XPEDITORS LIMITED, REDOXCORP SHIPPING & LOGISTICS LIMITED, GWX, Redline Logistics, AGS Movers Lagos, UPS (United Postal Services)
Scope of the Report
The major pullbacks of the economy are the infrastructure deficits and the fragmented of supply chains in the countries. The African countries require to massively and strategically invest in connectivity and infrastructure. Along with the infra development, the synchronization of regulations related to different sectors (such as pharmaceutical products) and sub-regional blocks is necessary to support trade and an advantageous business climate.
Key Market Trends
AfCFTA to Increase Intra Regional Trade
The intra-Africa trade currently is limited to 15% of Africa’s total trade, indicating a very weak intra-regional value chain as compared to Asia, where it is at 80%. With the introduction of the African Continental Free Trade Agreement (AfCFTA), which is the world’s largest free trade zone signed by 54 countries and is expected to revolutionize trade across the continent, the trade volume and hence the economy of the continent is expected to grow significantly. The act will focus on increasing the production capabilities in an exceedingly competitive global landscape.
Boost in manufacturing output and exports to increase the demand for 3PL services
The project Make in Nigeria for Export (MINE) is a presidential initiative, to develop the world-class Special Economic Zones (SEZs) across Nigeria and boost the manufacturing of Made in Nigeria goods for export, regionally and globally. The project aims to increase the manufacturing sector’s contribution to GDP to about 20%, create 1.5 million new direct jobs and generate over USD 30 billion yearly by the year 2025. The Federal Executive Council (FEC), Economic Management Team (EMT) and Project MINE’s Steering Committee of the country will be working under the sustainable Public-Private Partnership (PPP) model to develop SEZs across Nigeria.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Nigeria Third-Party Logistics (3PL) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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