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Strong government initiatives as well as high consumer demand are some of the key factors in the Philippines' logistics sector. Ken Research

01-09-2023 01:52 PM CET | Logistics & Transport

Press release from: Ken Research

Strong government initiatives as well as high consumer demand

The growth of e-commerce in the country along with infrastructural improvements in the logistics sector are some of the major factors contributing to the development of the logistics market in the Philippines.

Expansion of logistics in the country: The Philippines' logistics industry is expanding and it contributes 4-6% to the country's overall GDP. Food and Beverage, manufacturing, electronics, automotive, pharma, and other sectors contribute significantly to the Philippines' logistics market's revenue. The demand for cold storage facilities from the pharmaceutical and healthcare sectors, QSRs, meat and poultry business, dairy products, and other perishable goods have led to the growth of the cold chain market.

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Technological advancement at a faster pace: The e-commerce boom, and increased use of cutting-edge technologies in supply chain automation and digital platforms to promote efficiency, are all contributing to the Philippines' logistics sector's rapid growth (CAGR - 6.3%). The increase in logistics activities at the start of COVID-19 was a major factor in the growth of the Philippines warehousing business.

The development plans by the Philippines government: After years of neglect, the Philippines railway network is again seeing a revival. The national budget for 2021 contained plans for the region's infrastructure upgrade. The Department of Transportation was allotted $1.3 billion to focus on the construction of rail, land, public, and maritime infrastructure, which has resulted in the growth of the logistics and shipping industry in the Philippines. A 163-route kilometer suburban railway network called the NSCR is planned to link the regional growth hubs of Clark and New Clark City.

Low connectivity and high logistical costs: Due to its terrain, the Philippines has different logistical needs. Low connectivity and high logistical costs are problems on the islands that are far from the economic hubs. In the Philippines, many firms still use manually operated procedures and dependence on human resources increases the potential for mistakes that leave customers dissatisfied.

Analysts at Ken Research in their latest publication "Philippines Logistics Industry Outlook to FY'27F- Driven by Infrastructural Developments, Technological Advancements, and Government Support" observed that the Philippines Logistics Market is in a growing phase. Increased budget allocation for infrastructural development in the region by the government and technological development are some of the factors that will contribute to the Philippines' Logistics market growth over the period of 2022P-2027F. It is expected that the Philippines Logistics Market will grow at a CAGR of 8.2% for the above-forecasted period.

For More Information On The Research Report, Refer To Below Link: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-industry-outlook-to-2027/596251-100.html

Key Segments Covered in the report: -
Philippines Logistic Market
Market Segmentation by Services
• Freight Forwarding
• Warehousing
• CEP
• Value Added Services

Philippines Freight Forwarding Market
By Mode of Freight
• Sea freight
• Road Freight
• Air Freight

By Type of Freight
• International Freight
• Domestic Freight

Philippines Warehousing Market
By Type of Warehouses
• Industrial Freight/Retail
• Container Freight/ICD
• Cold storage
• Agriculture and Others

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Philippines Cold Chain Market
By Type
• Cold Storage
• Cold Transport

Cold Storage Market
By Temperature Range
• Frozen
• Chillers
• Ambient
By Automation
• Automated Pallets
• Non-Automated Pallets

By Major Cities
• Metro Manila
• Cebu
• Mindanao
• Other

Cold Transport Market
By Truck Type
• Reefer Vans/Trucks (1 to 10 Tons)
• 20-foot reefers (10 - 20 Tons)
• 40-foot reefers and others (more than 20 tons)

By Mode of Transportation
• Land
• Sea
• Air

By Location
• Domestic
• International

By Vicinity
• Inter-city
• Intra-city

Visit this Link Request for a custom report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjUx

Philippines Express Logistics Market
By Location
• Domestic
• International

By Vicinity
• Inter-city
• Intra-city

By End Users
• Food and Beverage
• Textile and Footwear
• Pharmaceuticals
• Electronics
• Chemicals
• Others

Key Target Audience
• Total Logistics Companies
• Contract Logistics Providers
• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:
• Historical Period: 2017-2022P
• Base Period: 2022P
• Forecast Period: 2022P-2027F

Companies Covered:
Philippines Logistics Market Companies:
• Royal Cargo
• W Express (DHL)
• 2Go Logistics
• Yusen Logistics
• AAI Logistics
• FSTA Trucking
• Inland Logistics
• Chelsea Logistics
• RLH Trucking
• Airspeed
• Agility
• LF Logistics
• Rhenus Logistics
• Fastcargo Logistics

Philippines Warehousing Market Companies:
• Fastcargo Logistics
• LF Logistics
• Royal Cargo
• 2Go Logistics
• Nippon Express
• Mets Logistics
• Expeditors
• Kintetsu World Express
• Agility
• AAI Logistics
• Orient Freight International Inc
• AGX Logistics
• KB1 Logistics

Key Topics Covered in the Report
• Infrastructure Overview of the Philippines
• Philippines Logistics Market, 2017 - 2027F
• Ecosystem- Philippines Logistics Market
• Philippines Logistics Market Size, 2017-2022P
• Philippines Logistics Market Size, 2017-2022P
• Regulatory Landscape for Philippines Logistics Market
• SWOT Analysis of Philippines Logistics Market
• Growth Drivers for Philippines Logistics Market
• Challenges in Philippines Logistics Industry
• Impact of Covid-19 on Philippines Logistics Market
• Philippines Logistics Future Market Size, 2022P-2027F
• Philippines Freight Market Executive Summary
• Industry Ecosystem and Value Chain Analysis of Philippines Freight Market
• Philippines Freight Market Size, 2017-2022P
• Philippines Warehousing Market Executive Summary
• Business cycle and Genesis of Philippines Warehousing Market
• Philippines Warehousing Market Overview, 2017-2022P
• Philippines Cold Chain Market Executive Summary
• Business Cycle of Philippines Cold Chain Market
• Philippines Cold Chain Market Size, 2017-2022P
• Philippines Cold Chain Market by Cold Storage and Cold Transport, 2017-2022P
• Market Sizing Analysis of Philippines CEP Market, 2017-2022P
• Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
• Philippines E-commerce Market Overview, 2017-2022P
• Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
• Philippines Logistics Industry Segmentation by End Users
• Competitive Scenario of Logistics Players in Philippines
• Analyst Recommendation

Related Reports by Ken Research: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/usa-logistics-industry-outlook-to-2026/596047-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/australia-logistics-market-outlook-to-2025/427141-100.html

Ken Research Pvt. Ltd.

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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