Market Size of Africa Cross Border Road Freight Transport Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Cross Border Road Freight Transport Market Analysis
The African cross-border freight transport market is expected to exhibit a CAGR of about 4.5% during the forecast period. The growth in the sector is facilitated by the multiple trade agreements of the African countries and the increasing penetration of e-commerce in the region. Various sectors like automotive and distributive trade are increasingly demanding the development of road freight services in order to facilitate seamless, fast, cheap, and sustainable transportation of goods within the countries and in the region.
The preventive measures taken during the COVID-19 pandemic had a severe effect on the cross-border value chains and trade and transport services. In the case of fruit exporters, many trucked their goods cross-country to Port Elizabeth and, in some cases, as far as Durban - 1,635 km away. The pandemic created opportunities for some and challenges for other sectors in the region. On the one hand, e-retail logistics, on-demand, and last-mile delivery sectors were among the highest growth sectors as a result of the coronavirus crisis. On the other hand, the automotive, oil and petroleum distribution, construction, and steel production sectors have seen a drastic fall in demand in the region.
