South Africa Contract Logistics Market is expected to grow at a CAGR of 4.6% over the forecast period 2019?2027, to account for US$ 782.2 Mn by 2027

The South Africa contract logistics market accounted for US$ 528.6 Mn in 2018 and is expected to grow at a CAGR of 4.6% over the forecast period 2019?2027, to account for US$ 782.2 Mn by 2027. Growth in the recent five years is primarily driven by increasing businesses in South Africa and their needs to optimize the supply chain costs. The retail sector is estimated to garner the highest market share in the South Africa contract logistics market by end-user whereas the automotive sector is anticipated to grow at a very high pace.

The report investigates the key drivers leading to the growth of the Contract Logistics market during the forecast period and analyzes the factors that may hinder the market growth in the future. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.

Get sample copy of report at:

https://www.premiummarketinsights.com/sample/TIP00015348

Some of the players present in the South Africa contract logistics market are Cargo Carriers (Pty) Limited, Ceva Logistics AG, DB Schenker, Deutsche Post AG, DSV A/S, Imperial Logistics, Laser Group, Namlog, Onelogix Group, and UPS Supply Chain Solutions among others.

The economy of South Africa is an open trade economy where imports and exports account for close to 30% each in the national GDP. The South African region is a prime exporter of minerals and other manufactured goods. Owing to the abundant natural resources present in the country, South Africa leads the mineral exports in the region and also globally. Gold, chromium, and platinum are the most prominent minerals that are present in abundance in South Africa. Mining and agriculture form the primary source of income for the countrys population. These two end-sectors are significant end-users in the South Africa contract logistics market.

The country is identified to be a key economy in the context of international affairs that has maintained noteworthy regional influence over the last few years. Few factors have had a positive influence on the development of the logistics sector in the country. The key factors that impact the industry include well-developed legal, financial, and transportation sectors. The transportation infrastructure in the country is highly advanced and is therefore considered to be the best in the African continent. However, factors such as rigid labor policies, poverty, and income inequality have posed stern challenges to the smooth growth of the logistics sector in the country and thereby challenged the growth of South Africa contract logistics market.

Purchase this report at:

https://www.premiummarketinsights.com/buy/TIP00015348

Table of Contents

Part 1. Introduction
Part 2. Key Takeaways
Part 3. Research Methodology
Part 4. Contract Logistics Market Landscape
Part 5. Key Market Dynamics
Part 6. Contract Logistics South Africa Market Analysis
Part 7. Contract Logistics Market Revenue and Forecasts to 2027 - Type
Part 8. Contract Logistics Market Revenue and Forecasts to 2027 - By Service
Part 9. Contract Logistics Market Revenue and Forecasts to 2027 - By End-User
Part 10. Contract Logistics Market - Industry Landscape
Part 11. Company Profile
Part 12. Appendix

Contact us:
Premium Market Insights,
Contact Person: Sameer Joshi
Email: [email protected]

Posted by on Friday September 20 2019, 8:15 AM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Business Services, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

Comments are closed

News Categories

Featured Press Releases

Latest News

Log in