Philippines Warehousing Market is expected to reach around PHP 177 Billion by the year ending 2023E: Ken Research

Philippines warehousing market segmentation by end users (food & beverage, pharmaceuticals & medical consumables, textile and footwear, electronics, chemicals and others), by international and domestic companies, by business model (industrial / retail freight, container freight, cold storage, agriculture and others), by owned and rented domestic companies; Company Profile of Major Players (Chelsea Logistics Holdings Corporation, Metro Alliance Holdings and Equity Corporation, Asian Terminals Inc., AAI Worldwide Logistics Inc., Kintetsu World Express, Royal Cargo and others)

October 2018 |Philippines News

• The application of autonomous logistics in warehousing is likely to eliminate human error and will enhance operational productivity.
• Rising prominence of online shopping coupled with increasing usage of smartphones in the Philippines is further expected to increase the warehousing needs for E-commerce companies in order to effectively store their products.

Logistics companies are further exploring autonomous fleets and “lights-out” warehousing, and are looking to Big Data for transport management and predictive analytics. Crowd sourcing start-ups are using a high-tech/asset-light business model and E-brokerage platforms are providing real-time information from pickup to delivery. With such changes in the logistics industry the warehousing market will witness major change in coming years. Additionally, the country is focusing on improving trade relations with other countries which will positively influence the import and export volume in and out of the country. In order to keep up with the rapid demand of logistics, the warehousing facilities will look forward for speedy upgradation to handle larger volumes of traffic with digitized and efficient management systems.
Increasing prominence of online shopping will increase the size of E-commerce industry in the country. FMCG (Fast Movable Consumer Goods) products, food processing and pharmaceuticals sector have showcased considerable growth in the Filipino economy and have raised the requirements of specialized integrated logistics services. E-commerce companies require warehousing facilities to store the products which will trigger the demand for warehousing space in coming future.
The Philippines witnessed a growing demand of cold storage products over the years. These products require cold storage warehouses which are equipped with temperature controlled equipments to maintain the freshness of these products. Advanced warehousing capabilities that generally require temperature controlled environments will look forward to increase in the coming years to support the growth of specialized industries such as pharmaceuticals and energy sectors.

Analysts at Ken Research in their latest publication “Philippines Warehousing Market Outlook to 2023 – By End User (Food and Beverage, Pharmaceuticals and Medical Consumables, Textile and Footwear, Electronics, Chemicals and Others), By Business Model (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture and Others) and By Third Party Warehousing” believe that resource expansion / diversification, automation in warehousing and appropriate location preferences for setting up a logistics hub will create a positive impact on the market.
Philippines warehousing market is expected to register a positive CAGR of 9.5% during the forecast period 2018E-2023E. The market is further expected to be driven by continuous flow of FDI from foreign multi-nationals and the government’s efforts towards the development of logistics infrastructure and consistent economic growth.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-warehousing-market/169965-100.html

Key Segments Covered
By End User
• Food and Beverage
• Pharmaceuticals and Medical Consumables
• Textile and Footwear
• Electronics
• Chemicals
By Companies
• Domestic Companies
• International Companies
By Business Model
• Industrial/Retail Freight
• Container Freight
• Cold Storage
• Agriculture
By Warehouse Ownership
• Rented
• Owned
Key Target Audience
• Warehousing Companies
• Warehouse Contractors and Constructing Companies
• Logistics Association
• Cold Storage Companies
• Food & beverage, Pharmaceuticals, Textiles & Footwear, Electronics and Chemicals Companies
• Private Equity/ VCs/ Investment Banking Companies

Companies Covered:
• Chelsea Logistics Holdings Corporation
• Metro Alliance Holdings and Equity Corp.
• Asian Terminals Inc.
• AAI Worldwide Logistics Inc.
• Kintetsu World Express
• Royal Cargo
• Panilpina
• Yusen Logistic Co. Ltd.
• All Transport Network Logistics (ATN)
• F2 Logistics
• All Systems Logistics (ASL)
• LF Logistics
• Expeditors
• Orient Freight International
• MMG Corporation Philippines

Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/thailand-warehousing-market/157171-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/kuwait-warehousing-market/150167-100.html

https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/oman-warehousing-market/149661-100.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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