About Kenya Parcel Services
Kenya Parcel Services provides the transportation of goods or services in sealed packages. These packages are known as a parcel that is intended to deliver on the receiver's address via. any mode of transportation such as air, road, or sea. The increasing expansion of online shopping is the major factor boosting the Kenya parcel service market. Also, the demand for parcel delivery in less time span is expected to boost market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The parcel services firms in Kenya have engaged more in the improved innovation process, reduction of costs, and new product introduction as their process innovation strategies and they have also engaged more on product improvement, new product introduction, and product replacement as their product innovation strategies. Analyst at AMA Research estimates that Kenya Vendors will contribute the maximum growth to Kenya Kenya Parcel Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FedEx Corporation (United States), Postal Corporation of Kenya (Kenya), G4S (United Kingdom), Timeless Courier (Kenya), DK Express Inc. (United States), Fargo Courier Limited (Kenya), United Parcel Service of America, Inc. (United States), DTDC Express Limited (India), CourierPlus Services (Kenya), DHL International GmbH (Germany), DB Schenker (Germany) and Freight Forwarders Kenya Limited (Kenya) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CEVA Logistics (United Kingdom), Kuehne + Nagel International AG (Switzerland), Panalpina (Switzerland), Maersk Line (Denmark), Agility Logistics (Kuwait) and Bollore Transport and Logistics (France).
Segmentation Overview
AMA Research has segmented the market of Kenya Kenya Parcel Services market by , Application (Business-To-Business (B2B), Business-To-Consumer (B2C) and Consumer-To-Consumer (C2C)) and Region.
On the basis of geography, the market of Kenya Parcel Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Light Commercial Vehicle will boost the Kenya Parcel Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Indoor will boost the Kenya Parcel Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transport, the sub-segment i.e. Air Express will boost the Kenya Parcel Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shipments, the sub-segment i.e. International will boost the Kenya Parcel Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trends Of Omni Channel Retailing
Market Growth Drivers:
Increasing E-commerce Shopping and Increasing Transportation of Goods and Services
Challenges:
Limited adoption of technology and automation hinders efficiency and tracking abilities.
Restraints:
High Cross Border Service Charges and Government Regulation on Limit of Parcel Weightage
Opportunities:
Growing Demand for Last-Mile Delivery, Rising Disposable Incomes and Improving Service Quality of Parcel Service Providers
Market Leaders and their expansionary development strategies
In February 2022, The international technology group Körber has has acquired Siemens Logistics' global mail and parcel business. Siemens Logistics provides cutting-edge mail and parcel technology and advanced software for leading global logistics providers. With the acquisition, Körber significantly complements its supply chain offering.
November 2022, – The Postal Corporation of Kenya has launched a cross-border business partnership with the Tanzania Postal Corporation to facilitate ease of doing business and reduce delivery times between the two countries. The new launch also offer a platform that will ensure fast and efficient delivery of postal and courier services, with the ability to track and trace from origin to destination between the two countries.
Key Target Audience
Parcel Services Providers, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-User Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.