ASEAN e-commerce logistics Market projected to grow at a CAGR of 20.6% by 2025 | Ixpress Logistics LLP, United Parcel Service, EMS Indonesian Post

The ASEAN e-commerce logistics market is projected to grow at a CAGR of 20.6% during the forecast period (2018-2023). The ASEAN e-commerce logistics market has been rapid growth owing to the development in technological infrastructure, increasing e-commerce sale and growing e-commerce market. The free trade agreement between the ASEAN countries such as the ASEAN free trade area (AFTA) enables the smooth flow of goods from one country to another. It allows the logistics companies to expand swiftly. The growing population in some major economies such as Indonesia and large internet users in the region has increased online transactions which will boost the ASEAN e-commerce logistics market.

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The major players that contribute to the growth of the ASEAN e-commerce logistics market include - FedEx Express, Avanti Worldwide Express (AWE), DTDC Express, Ixpress Logistics LLP, United Parcel Service, EMS Indonesian Post, SF Express, C.H Robinson, and DPEX

A number of e-commerce logistics companies exist in the ASEAN region. Although, the e-commerce industry of the region is greatly affected by logistics systems. ASEAN region has unique delivery challenges. Despite the highly ranked cost and capability of logistics providers in countries like Malaysia and Thailand, there are certain issues like last-mile delivery that needs to be addressed. The large networks of small logistics players are present in metro regions in countries such as the Philippines and Vietnam, however, shipping to the rural areas is challenging. To combat this logistic problem, companies have a good opportunity to collaborate with existing or new players.

Collaboration with the players not only solves logistic problems; however, it also enhances the market presence of the players by enabling them to penetrate more into the market. Moreover, the ASEAN e-commerce logistics industry is growing at a significant rate and is expected to grow significantly in the coming future owing to increased internet penetration rate, consumer spending and the entrance of many market players in the region. According to OMR analysis, Malaysia, Thailand, Indonesia and Singapore contribute significantly to the e-commerce logistics market and are expected to grow at a CAGR of 22.4%, 21.8%, 21% and 16.4% respectively. The growth of the e-commerce market in the region has opened up the scope of the collaboration of players.

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Many players in the region are striving to glue their presence along with the strengthening of their revenue in the ASEAN e-commerce logistics market. Companies such as DPEX Worldwide Express Pte Ltd, a major last-mile distribution company based in Singapore, has signed an agreement with Weyland Pte Ltd. The aim of this partnership was to develop a mobile-based commerce solution and to provide the customer with a user-friendly interface. Moreover, DTDC Express Ltd., a leading delivery service provider, has collaborated with the Galaxy Express and started operation in Bangladesh in December 2016. GD Express SDN. BHD, a domestic and international express courier service provider, has recently moved into an agreement with POS Indonesia to support its logistics services.

ASEAN E-commerce Logistics Market – Segment

By Services

• Transportation Services
• Warehousing Services
• Others

By Products

• Baby Products
• Personal Care Products
• Books
• Home Furnishing Products
• Apparel Products
• Electronics Products
• Automotive Products
• Others

By Location

• Urban
• Semi-urban
• Rural

ASEAN E-commerce Logistics Market – Regional

• Indonesia
• Thailand
• Malaysia
• Singapore
• Others

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Source: Global ASEAN e-commerce logistics Market

This release was published on openPR.