Press release
Philippines Logistics and Warehousing Market is expected to reach over PHP 970 Billion by the year 2023E: Ken Research
• Many distribution as well as warehousing centers in the Philippines are turning to technology and robotics to help them increase efficiency, accuracy and overall productivity in the near future.
• Department of Trade and Industry Philippines has introduced a National logistics master plan which aims at advancing Philippine competitiveness through the establishment of an efficient transport and logistics sector that will contribute towards a robust and resilient Philippine economy.
Philippines logistics and warehousing market has evolved in recent years with increased trade activities in the country thereby, connecting different export and import markets of various countries across the world. Additionally, the industry is expected to be driven by the huge demand for logistics services by the industrial sectors such as automotive industry, electronic products, apparel and accessories, chemicals and pharmaceuticals.
The express delivery has simplified the process of transporting goods by allowing the sender to access the information from pick-up to delivery and also provides the proof of delivery. Philippines express logistics market is further anticipated to grow significantly over the forecast period owing to the rising demand of timely delivery of parcels and documents. The logistics companies are expected to invest on advanced technologies solutions such as autonomous logistics, real-time tracking, automation and robotics in order to provide an improved customer service. With the growing international trade, incorporation of advanced technology based solutions will help in an efficient delivery of products by the logistics providers.
The advent of an ASEAN Economic Community (AEC) will facilitate the entry of foreign logistics providers in the near future. In addition, it will compel domestic freight forwarders to become competitive. Furthermore, these logistics companies may enter into joint venture agreements with foreign freight forwarders or accept equity investments from them. With adequate investments and the dense river network connecting Philippines with neighboring countries, Philippines could position as a transit country for Southeast Asia, thereby creating a positive impact on the country’s freight forwarding segment.
Analysts at Ken Research in their latest publication “Philippines Logistics and Warehousing Market Outlook to 2023 – By Freight Forwarding, Warehousing, Express Logistics, E-commerce Logistics, Third Party Logistics, Balikbayan Box Segment” believe that expansion of network, advancement in technology, alternate route in case of congestion, improve service quality, imposition on truck bans and continued customs modernization will create a positive in the Philippines logistics and warehousing market. The Filipino market is expected to register a positive CAGR of 8.8% during the forecast period 2018E-2023E. The market is further expected to be driven by expanding industrial activities, growing E-commerce industry, upcoming infrastructure in the country & continuous investment by the government in 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-logistics-warehousing-market-outlook-2023/154992-100.html
Key Segments Covered
Logistics and Warehousing Market
• By Service Mix (Freight Forwarding, Warehousing and Value Added Services)
Freight Forwarding
• By Mode of Transport (Road Transport, Air Transport and Water Transport)
• By Major Flow Corridors (Asia, North America, Europe, Middle East and Others)
• By Rented / 3PL and Owned Fleet
• By Delivery Type (Normal Delivery and Express Delivery)
Warehousing
• By End User (Food and Beverage, Pharmaceuticals and 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
Express Delivery
• By Mode of Transport (Air Express and Road Express)
• By Delivery Type (International Express and Domestic Express)
E-Commerce Logistics
• By Channel (E-Commerce Merchants and 3PL Companies)
• By Time Duration (One Day Delivery, Two Day Delivery, Same Day Delivery and Others)
• By Area of Delivery (Intracity and Intercity)
• By Payment Method (Cash on Delivery and Others)
3PL Market
• By Market Type (Freight Forwarding and Warehousing Services)
Philippines Balikbayan Box Market
• By Seasonal Demand (On-Season and Off-Season)
Key Target Audience
• Warehousing Companies
• Warehousing Contractors
• Warehousing Technology Companies
• Logistics Association
• Consulting service providers
• Private Equity/ VCs/ Investment Banking Companies
• Shipping companies
• Balikbayan Box Companies
• Truck and Light Commercial Vehicle Companies
• E commerce Companies
• Startups in Logistics Market
• Corporations with Extensive Distribution Network
Time Period Captured in the Report:
2012-2017 – Historical Period
2018-2023 – Future Forecast
Companies Covered:
• Freight Forwarding and Warehousing Companies (Chelsea Logistics Holdings Corporation, International Container Terminal Services Inc., Lorenzo Shipping Corporation, Metro Alliance Holdings and Equity Corp., Asian Terminals Inc., AAI Worldwide Logistics Inc., Kintetsu World Express, Royal Cargo, ABest Express, Agility, Panalpina, Yusen Logistic Co. Ltd., All Transport Network Logistics (ATN), F2 Logistics, All Systems Logistics (ASL), LF Logistics, Nippon Express, Expeditors)
• Express and E-Commerce Logistics Companies (LBC Express, 2GO, PHL Post, JRS Express, Air 21, DHL, FedEx, UPS, TNT, Lazada Express, Shopee)
• Balikbayan Box (Jolly B Box, Forex Cargo, Afreight)
Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/singapore-logistics-warehousing-market/134595-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/south-korea-logistics-warehousing-market/136100-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/142316-100.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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