Philippines Courier, Express, and Parcel (CEP) Market 2022 Business Scenario - Deutsche Post DHL Group, FedEx Corporation, United Parcel Service Inc., LBC Express Inc

Market Insights Reports has added new statistical data to its repository titled as, Global Philippines Courier, Express, and Parcel (CEP) Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Philippines Courier, Express, and Parcel (CEP) market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The market for Courier, Express, and Parcel (CEP) in the Philippines is estimated to grow at a CAGR of 4% during the forecast period.

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Top Key Players in the Global Philippines Courier, Express, and Parcel (CEP) Market is Deutsche Post DHL Group, FedEx Corporation, United Parcel Service Inc., LBC Express Inc., Philippine Postal Corporation, Quantium Solutions (Philippines) Inc., Citixpress Inc., JRS Express, Zoom Courier, 2GO Express, Xend Business Solutions, Transportify, ABest Express, Fastrack*, and others. 

Key Market Trends:

Growing E-commerce in the country:

In the Philippines, consumer spending, as well as e-commerce, is rising. Last-mile growth has largely been driven by the rise of e-commerce. With general trade and supply chains, the rise in consumer spending has been driving logistics growth, as well as the warehousing and freight requirements of more successful SMEs.

The Philippine e-commerce industry is expected to witness exponential growth, with its share of the Southeast Asian market expected to be worth USD 10 billion by 2025, E-commerce only amounts to 1.5% of the Philippines retail market, which indicates a significant potential for growth.

Recognizing the importance of e-commerce for the Philippine economy, the country's Department of Trade and Industry (DTI) developed the Philippine e-commerce Roadmap 2016-2020. Its primary goal is to get online business activities to account for 25% of the country's GDP by 2020, up from 10% in 2015.

Growing transportation and storage sector:

The gross income of the Philippine Transportation, Storage, and Communication (TSC) sector grew by 5.5 percent in the second quarter of 2019, and the Gross Domestic Product (GDP) from Transport increased to PHP 84,765.58 million in the second quarter of 2019 from PHP 76,553.45 million in the first quarter. Transportation and storage sectors contributed 7.3% to the country in 2018.

To increase efficiency and profitability, warehouse operators are adopting new technology, such as the Automated Storage and Retrieval Systems (ASRS) and adding new services. Additionally, developers are exploring the fringes of Manila and the regions for the next site of their industrial investments, capitalizing on rising demand in various hubs across the country.

With the country's ever-growing population and the rise of domestic consumption, the Philippine economy continues to expand. Moreover, with the rise of the economy, also comes the rise of the logistics and transport industry. As the production and distribution of goods increase, so does the need to move these items. However, the geographic layout of the Philippines is a complex one, with thousands of islands connected through hundreds of links to form one big archipelago. The trucking sector plays a crucial role in bridging this gap.

Logistics and warehousing are two of the most important industries in the Philippines. Warehousing experienced huge growth, due to a high increase in trade activities in and around the country.

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This Global Philippines Courier, Express, and Parcel (CEP) Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Philippines Courier, Express, and Parcel (CEP) market:

- What are the recent developments and government policies?
- Why might we forecast a downturn in a particular economy next year?
- Why do we say the currency is set to appreciate?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?              

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- Free Country Level analysis for any 5 countries of your choice.

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-  Free 40 analyst hours to cover any other data point

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