August 2019

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
TABLE
TABLE OF CONTENTS
OF CONTENTS
1. Executive Summary
Kenya Warehousing Market Overview and Size
Kenya Warehousing Segmentation by End User
Kenya Warehousing Segmentation by Type of Warehouse
Kenya Warehousing Segmentation by Contract and Integrated Logistics
Kenya Warehousing Segmentation by Operational Model
Kenya Warehousing Segmentation by Region
Competitive Scenario in Kenya Warehousing Market
Kenya Warehousing Market Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Limitations
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. Value Chain of Kenya Warehousing Market, 2018
4. Kenya Warehousing Market Overview, 2013-2018
4.1. Market Evolution, Growth Drivers, Issues and Challenges and Emerging Trends,
2013-2018
5. Kenya Warehousing Market Size by Revenues, 2013-2018
6. Kenya Warehousing Market Segmentation, 2018
6.1. Revenue By End User (FMCG, Horticulture, Retail and Others), 2018
6.2. Revenue By Type of Warehouse (Closed Normal, Open Yard, Closed AC and Cold
Storage), 2013 and 2018
6.3. Revenue By Contract and Owned Logistics, 2013 and 2018
6.4. 
Revenue By Operation Model (Industrial/Retail, ICD/CFS, Cold Storage and
Others), 2013 and 2018
6.5. Warehousing Space By Regions (Nairobi, Mombasa and others), 2018
7. Industry Norms and Regulations in Kenya Warehousing Market, 2018
7.1. Key Industry Norms for Kenya Warehousing Market, 2018
8. 
Competitive Scenario in Kenya Warehousing Market (Market Structure,
Evolution, Competition Parameters, Strategies, Major Players), 2018
8.1. Warehousing Space of Major Warehousing Players in Kenya, 2018
TABLE
TABLE OF CONTENTS
OF CONTENTS
9. 
Company Profiles of Major Warehousing Companies in Kenya (Service Mix,
Industries Catered, Warehousing Facilities, Business Strategy, USP, Innovations,
Future Plans, Employee Base, Fleet Size), 2018
9.1. Bollore Transport and Logistics
9.2. D.B. Schenker
9.3. Agility
9.4. Freight Forwarders Kenya
9.5. Siginon Group
9.6. Kuehne Nagel
10. Kenya Warehousing Market Future Outlook and Projections, 2018-2023E (Market
Size, Growth Drivers, Challenges, Trends and Developments)
11. Future Technological Development in Kenya Warehousing Market
12. Kenya Warehousing Future Market Segmentation, 2023E
12.1. Revenue By End User (FMCG, Horticulture, Retail and Others), 2023E
12.2. Revenue By Type of Warehouse (Closed Normal, Open Yard, Closed AC and Cold
Storage), 2023E
12.3. Revenue By Contract and Integrated Logistics, 2023E
12.4. 
Revenue By Operational Model (Industrial/Retail, ICD/CFS, Cold Storage and
Others), 2023E
12.4.1. Special Economic Zones in Kenya
12.4.2. Snapshot on Africa Logistics Properties
13. Analyst Recommendations for Kenya Warehousing Market
Market Entry
Area of Operations
Tie ups with E-commerce Players
Outsourcing Cold Storage Services
Automation of Processes
Customer Relations
Disclaimer
Contact Us
LIST
LIST OFOF FIGURES
FIGURES
Figure 1-1: Flow Chart for Kenya Warehousing Market, 2018
Figure 3-1: Flow Chart for Value Chain Analysis in Kenya Warehousing Market, 2018
Figure 5-1: Kenya Warehousing Market Size on the Basis of Revenue in USD Million and
Growth Rate in Percentage (%), 2013-2018
Figure 6-1: Kenya Warehousing Market Segmentation by End User (FMCG, Horticulture,
Retail and Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6-2: Kenya Warehousing Market Segmentation by Warehouse Type on the Basis of
Revenue in Percentage (%), 2013 and 2018
Figure 6-3: Kenya Warehousing Market Segmentation by Contract and Owned Logistics
on the Basis of Revenue in Percentage (%), 2013 and 2018
Figure 6-4: Kenya Warehousing Market Segmentation by Operational Model on the Basis
of Revenue in Percentage (%), 2013 and 2018
Figure 6-5: Kenya Warehousing Market Segmentation by Regions on the Basis of Space
in Percentage (%), 2018
Figure 8-1: 
Market Share of Major Players in Kenya Warehousing Market in terms of
Warehousing Space, 2018
Figure 10-1: Kenya Warehousing Market Future Projections on the Basis of Revenues in
USD Million, 2018-2023E
Figure 12-1: 
Kenya Freight Forwarding Market Segmentation by End Users (FMCG,
Horticulture, Retail and Others) on the Basis of Revenue in Percentage (%),
2023E
Figure 12-2: Kenya Warehousing Market Segmentation by Warehouse Type on the Basis
of Revenue in Percentage (%), 2023E
Figure 12-3: Kenya Warehousing Segmentation by Contract and Integrated Logistics on
the Basis of Revenues in Percentage (%), 2023E
Figure 12-4: 
Kenya Warehousing Market Segmentation by Operational Model on the
Basis of Revenue in Percentage (%), 2023E
LIST
LIST OFOF TABLES
TABLES
Table 2‑1: Correlation Matrix of Kenya Warehousing Market
Table 2‑2: R
 egression Coefficients Output for Kenya Warehousing Market
Table 3‑1: Value Chain Analysis for Warehousing Market in Kenya, 2018
Table 4‑1: Introduction to the Kenya Warehousing Market Including Market Evolution,
Growth Drivers, Issues and Challenges and Emerging Trends, 2013-2018
Table 5‑1: Rationale and Description for Kenya Warehousing Market Size on the Basis of
Revenue in USD Million, 2013-2018
Table 6‑1: Kenya Warehousing Market Segmentation by End User (FMCG, Horticulture,
Retail and Others) on the Basis of Revenue in USD Million, 2018
Table 6‑2: Kenya Warehousing Market Segmentation by End User (FMCG, Horticulture,
Retail and Others) on the Basis of Revenue in USD Million, 2018
Table 6‑3: Kenya Exports of Fresh Horticulture Products in Terms of Volume and Value,
2013-2017
Table 6‑4: Kenya Warehousing Market Segmentation by Warehouse Type (Closed Normal,
Open Yard, Closed AC and Cold Storage)
Table 6‑5: Kenya Warehousing Market Segmentation by Warehouse Type on the Basis of
Revenue in USD Million, 2013 and 2018
Table 6‑6: Kenya Warehousing Market Segmentation by Contract and Owned Logistics
on the Basis of Revenue in USD Million, 2013 and 2018
Table 6‑7: 
Kenya Warehousing Market Segmentation by Method of Operation Model
(Industrial/Retail, ICD/CFS and Cold Storage/Freezer/Chiller)
Table 6‑8: Kenya Warehousing Market Segmentation by Contract and Owned Logistics
on the Basis of Revenue in USD Million, 2013 and 2018
Table 6‑9: Kenya Warehousing Market Segmentation by Regions on the Basis of Space in
SQM, 2018
Table 6‑10: Average Rental Rates and Occupancy Rates for Standard Warehouses in Major
Warehousing Hubs including Nairobi, Mombasa, Eldoret, Kisumu, Thika, 2019
Table 7‑1: Industry Norms and Regulations in Kenya Warehousing Market, 2018
Table 8‑1: Competitive Scenario in Kenya Warehousing Market including Market Structure,
Market Evolution, Competition Parameters, Modernization and Major Players,
2018
Table 8‑2: W
 arehousing Space of Major Warehousing Players in Kenya, 2018
Table 9‑1: Company Profile of Bollore Transport and Logistics including Company Overview,
Bollore Africa Logistics, Operations in Kenya, Industries Catered, Service Mix,
Warehousing Space, Additional Warehousing Services, Business Strategy, USP,
Innovations and Future Plans, 2018
Table 9‑2: Company Profile of D.B. Schenker including Company Overview, Bollore Africa
Logistics, Operations in Kenya, Industries Catered, Crew and Fleet, Warehousing
Facilities, Business Strategy, USP and Innovations, 2018
LIST
LIST OFOF TABLES
TABLES
Table 9‑3: 
Company Profile of Agility Logistics including Company Overview, Key
Executives, Licenses, Business Strategies, USP, Service Portfolio, Warehousing
Space, Offices in Kenya, Catered Industry and Services and Employee Base,
2018
Table 9‑4: Company Profile of Freight Forwarders Kenya including Company Overview,
Key Executives, Operations in Kenya, Partners, Service Mix, Warehousing
Facilities, Additional Warehousing Services, Fleet Size, Business Strategy, USP,
Innovations and Recent Developments, 2018
Table 9‑5: 
Company Profile of Bollore Transport and Logistics including Company
Overview, Bollore Africa Logistics, Operations in Kenya, Industries Catered,
Service Mix, Warehousing Space, Additional Warehousing Services, Business
Strategy, USP, Innovations and Future Plans, 2018
Table 9‑6: Company Profile of Kuehne Nagel including Company Overview, Business
Strategies, USP, Service Portfolio in Kenya, Industries Catered, Warehousing
Facility and Networks, Fleet and Recent Developments, 2018
Table 10‑1: Kenya Warehousing Market Future Outlook and Projections, 2018-2023E
Table 11‑1: Future Technological Developments in Kenya Warehousing Market
Table 12‑1: Kenya Warehousing Market Segmentation by End User (FMCG, Horticulture,
Retail and Others) on the Basis of Revenue in USD Million, 2023E
Table 12‑2: 
Kenya Warehousing Market Segmentation by Warehouse Type (Closed
Normal, Open Yard, Closed AC and Cold Storage) on the Basis of Revenue in
USD Million, 2023E
Table 12‑3: 
Kenya Warehousing Market Segmentation by Contract and Integrated
Logistics on the Basis of Revenues in USD Million, 2023E
Table 12‑4: Kenya Warehousing Market Segmentation by Method of Operation Model on
the Basis of Revenue in USD Million, 2023E
Table 12‑5: D
 evelopment Plan of Dongo Kundu SEZ
7

HOW KENYA WAREHOUSING MARKET EVOLVED?

The Kenya warehousing market was valued at Warehouses in prime places such as Mombasa
USD ~ million in the year 2013, while at present and Nairobi are operating at approximately full
the warehousing market of Kenya is valued at capacity but there is a stark contrast in other
USD ~ million with a double digit CAGR of ~% regions such as Eldoret, Kisumu, Nakuru, where
during the review period. A key driver behind the occupancy rates are sometimes as low as ~%. The
steady growth in Kenya’s warehousing market average rental rates are also approximately lower
is the natural geography of Kenya, positioning than half in these regions.
it as a gateway to entire East Africa, along with The warehousing crisis is expected to improve
availability of cheap skilled labour. a few years down the line as a result of a
The Mombasa Port in Kenya is one of the construction boom since 2016 including 86 acres
largest commercial ports in Africa. JKIA is the of warehousing in Tilisi Industrial Park where
major commercial airport in Kenya, situated in ALP holds 49 acres. However, occupancy rates
the capital city Nairobi. Therefore, Nairobi and for these warehouses are merely ~% as yet and
Mombasa are the commercial and trading hubs the market needs time to shift towards modern
of Kenya. warehousing.
In almost all of Kenya, there is a severe shortage Cold storage facilities in the country were almost
of modern warehousing facilities, which makes it non-existent a decade back but with growth of
a hurdle for foreign companies seeking to enter perishables’ export market and other factors, the
the market. market has started developing gradually.

Figure: Kenya Warehousing Market Size on the Basis of Revenue in USD Million, 2013-
2018(P)
USD Million

2013 2014 2015 2016 2017 2018

© Licensed product of Ken Research; should not be copied

8 Kenya Warehousing Market

Licenses:
Excel Only: USD 2,000
Single User: USD 2,500
Hard Copy: USD 3,100
Single and Excel: USD 3,500
Corporate User: USD 5,000

Pages: 60

Related Reports:
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
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

© Licensed product of Ken Research; should not be copied

9 Kenya Warehousing Market

KENYA WAREHOUSING MARKET SEGMENTATION

By End Users Table: Kenya Warehousing Market Segmentation

by contract and Integrated Warehouses on the
The major end users of warehousing services in
Basis of Revenues in Percentage (%), 2018
Kenya include the FMCG, Horticulture and Retail
sectors with a share of ~%, ~% and ~% respectively.
Segments Percentage (%)
The Horticulture sector also creates a demand for
cold storage for perishable items. The consistent Contract Logistics ~%
rise in the number of modern retail outlets has Integrated Logistics ~%
during the period 2013 to 2018 led to an increment
Total ~%
in the demand of warehouses as well.
Table: Kenya Warehousing Market By Operation Model
Segmentation by End Users on the Basis of The industrial/retail freight segment has
Revenues in Percentage (%), 2018 dominated the overall Kenya warehousing
market with a massive revenue share of ~% in the
Segments Percentage (%) year 2018. There are a few industrial areas such as
FMCG ~% Tilisi, Tatu Industrial & Logistics Park, Northlands
Commercial Park, Infinity Industrial Park and
Horticulture ~%
Nairobi Gateway Logistics Park that are driving
Retail ~% the growth of industrial warehouses.
Total ~%
Table: Kenya Warehousing Market
Segmentation by Operation Model on the Basis
By Type of Warehouse
of Revenues in Percentage (%), 2018
Open yards are the low specification grade
C warehouses that are most prevalent in Segments Percentage (%)
Kenya, constituting share of ~%. Closed normal
Industrial/Retail ~%
warehouses are also C grade warehouses but
with walls and contribute revenue share of ~%. CFS/ICD ~%
Closed AC and Cold Storage are relatively few Cold Storage/Freezer/Chiller ~%
and contribute a share of ~% and ~% respectively. Total ~%
Table: Kenya Warehousing Market
Segmentation by Type of Warehouse on the By Regions:
Basis of Revenues in Percentage (%), 2018 Nairobi and Mombasa are the two most prime
locations in Kenya in terms of trade and logistics.
Segments Percentage (%) Therefore, the warehousing space in Kenya has
Closed Normal ~% been clustered around these two regions with
a share of ~% each.
Open Yard ~%
Closed AC ~% Table: Kenya Warehousing Market
Segmentation by Region on the Basis of
Cold Storage ~% Warehousing Space in Percentage (%), 2018
Total ~%
Segments Percentage (%)
By 3PL and Owned Logistics
Nairobi ~%
Third Party Logistics in Kenya has been
Mombasa ~%
thriving in the Kenya Warehousing Market
with a share of ~% in overall market revenue. Others ~%
Total ~%

© Licensed product of Ken Research; should not be copied

10 Kenya Warehousing Market

COMPETIVE SCENARIO IN KENYA WAREHOUSING MARKET

The logistics industry has witnessed surfacing of a number of players in the Kenya market. The
market is scattered in terms of ownership of warehouses. Grade C warehouses or godowns
are usually individual owned that offer third party services to logistics firms. The overall
logistics market constitutes of a number of multi service logistics firms, which provide freight
forwarding and warehousing services. There are but a few logistics firms in Kenya specifically
for warehousing needs. However, real estate developers like Tilisi and Africa Logistics Properties
have built warehousing parks to lease out to other freight forwarding and e-commerce players.
The industry is at a growth stage in terms of various competition parameters. The basis on
which clients judge warehousing effectiveness is cost of warehousing, shelf height, area and
capacity, temperature controlled rooms, modern technological equipments, loading platforms,
CCTV, Security and proximity to airport, sea port and railways.

KENYA WAREHOUSING FUTURE OUTLOOK AND PROJECTIONS

Kenya warehousing market is projected to grow at a CAGR of ~% during the forecast period
2018-2023 owing to the country’s plans to turn itself into the trading and manufacturing hub of
Africa. The revenue from warehousing market in the country is anticipated to grow from USD ~
million in 2018 to USD ~ million by the year ending 2023E. The key growth drivers for the market
include the 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 of freight forwarding and warehousing services. A surge
of international investments in Kenyan markets, especially the horticulture export industry, is
expected to augment the demand for modern warehousing and cold storage.

Figure: Kenya Warehousing Market Future Projections on the Basis of Revenues in USD
Million, 2018-2023E
USD Million

2018 2019E 2020E 2021E 2022E 2023E

© Licensed product of Ken Research; should not be copied

11 Kenya Warehousing Market

Table: Company Profile of Major Company including Company Overview, Strengths/USP, Services Offered,
Business Strategies, Warehousing Space, Recent Developments and Future Strategies, 2018

Parameters Description
Company Overview • ~
Key Executives • ~
Strengths/USP • ~
Services Offered • ~
Business Strategies • ~
Industries Catered • ~
Employee Base • ~
Warehousing Space • ~
Fleet Size • ~
Key Partners • ~
Recent Developments • ~

Companies Cited in the Report

• Bollore Transport and Logistics

• DB Schenker
• Siginon Group
• Kuehne Nagel
• Agility Logistics
• Freight Forwarders Kenya

KEY FACTORS CONSIDERED IN THE REPORT

• Comprehensive analysis of Kenya Warehousing Market and its segments.

• Value Chain of Kenya Warehousing Market
• Listed major players and their positioning in the market.
• Identified major industry developments in last few years and assessed the future growth
of the industry

© Licensed product of Ken Research; should not be copied

12

DISCLAIMER

The research reports provided by Ken Research are for the personal information of the
authorized recipient and is not for public distribution and should not be reproduced
or redistributed without prior permission. None of this material may be used for any
commercial or public use until unless authorized by Ken Research. The report will only
be used as per the license rights authorized by Ken Research.
The information provided in the research documents is from publicly available data and
other sources, which are reliable. Efforts are made to try and ensure accuracy of data.
With respect to documents available, neither the company nor any of its employees
makes any warranty, express or implied, including the warranties of merchantability
and fitness for a particular purpose, or assumes any legal liability or responsibility for
the accuracy, completeness, or usefulness of any information, apparatus, product, or
process disclosed, or represents that its use will not infringe privately owned rights.
The report also includes analysis and views expressed by our research team. The research
reports are purely for information purposes. The opinions expressed are our current
opinions as of the date appearing in the material and may be subject to change from
time to time without notice. Investors should not solely rely on the information contained
in the research documents and must make investment decisions based on their own
investment objectives, risk profile and financial position. The recipients of this material
should take their own professional advice before acting on this information.
Ken Research will not accept return of reports once dispatched due to the confidentiality
of information provided in our reports. In case, a report qualify for return, we will issue
a credit, minus shipping charges, of equal value to the original purchase price, toward
a future purchase—no refunds. The decision about whether the product return can be
accepted or not is solely at our discretion. Any dispute will be subject to laws of India and
exclusive jurisdiction of Indian Courts

No part of this manual or any material appearing may be reproduced, stored in or

transmitted on any other Web site without written permission of Ken Research and any
payments of a specified fee. Requests to republish any material may be sent to us.

© Licensed product of Ken Research; should not be copied

13

CONTACT US

© Ken Research Private Limited, 2019. All rights reserved.

For information or permission to reprint, please contact Ken Research at:
Email: support@kenresearch.com
Mail: Ken Research Private Limited
Unit 14, Ground Floor, Spaze I Techpark,
Sector 49, Sohna Road Gurgaon – 122001,India
To find latest content or related reports on the sector, please register at www.
kenresearch.com
Follow Ken Research on Linkedin, Facebook and Twitter

Digitally signed by ANKUR GUPTA

ANKUR
DN: c=IN, o=Personal,
postalCode=110034, st=Delhi,
2.5.4.20=191984baefb9d98c2367e
5bff7688acb5e0b6981df643e65af
0378d8c6e11b89,

GUPTA
serialNumber=fe0db027ee34a46a
3cd244afe73c200a213672f1c90a5
5b6b24452c43367f690,
cn=ANKUR GUPTA
Date: 2020.02.10 19:17:24 +05'30'

© Licensed product of Ken Research; should not be copied