Myanmar Courier, Express and Parcel Market Share 2023, Growth Drivers, Grow at a CAGR of XX%, Competitive Analysis and Future Trends 2022-2032: SPER Market Research

According to SPER Market Research, Following the democratic elections, Myanmar's economy was opened up, and since then, there has been a steady flow of international investment. The abundance of natural resources and some of the most affordable labor prices in Asia are two of the profitable reasons to invest in Myanmar. Nonetheless, there has been underinvestment in Myanmar's transportation industry, with a lower amount of government spending going towards the sector of transportation and communications despite the fact that transportation services make up a small portion of the GDP. Increasing commercial activity, better connectivity, and the introduction of significant foreign firms are all driving changes in the nation's logistics industry. The development of the country's logistics industry has long been constrained by a lack of adequate transportation infrastructure. Yet, the country's continual improvements offer a wealth of chances for the logistics industry.

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Myanmar Courier, Express and Parcel Market Overview:
Forecast CAGR (2022-2032): XX%
Forecast Market Size (2032): XX billion

The government has announced specific planned transportation projects for facilities that support road, rail, sea, and air transportation. They are developing new telecommunications, e-commerce, and cyber security rules that should be in line with the recently passed ASEAN E-Commerce Agreement. Aiming to streamline international e-commerce transactions, the agreement. The country's booming food and beverage sector will be the main driver of cold chain expansion. Large firms, particularly those in the consumer products sector, from the US, Europe, and Asia have stated their plans to invest in Myanmar again or for the first time. The future market size of Express Logistics is expected to grow at a double digit CAGR as a result of all these developments, which are supported by foreign investment and a burgeoning e-commerce sector.

Together with shipping and inland water transport, road freight transportation has become one of the main modes of freight transit in recent years. The primary domestic transportation method, which also helps to connect rural areas and support both regional and global trade, is road travel. In comparison to other ASEAN countries, Myanmar's road system is underdeveloped and inadequate, with more than half of its roads being unpaved. Long travel times and high transportation expenses are the result of poor infrastructure combined with Southeast Asia's lowest motor vehicle adoption. Due to this, the cost of trucking in the nation is comparatively greater than in other ASEAN nations.

Several economic sectors, especially logistics, have been disrupted by the COVID-19 epidemic. Demand and supply shocks caused by the disruption of supply chains internationally have had a significant influence on the manufacturing, logistics, and retail sectors. In addition, the military takeover in the nation has increased freight costs and affected the country's logistics industry by halting flights. The development of the country's logistics industry has long been constrained by a lack of adequate transportation infrastructure. Yet, there are several prospects for logistics players due to the nation's ongoing improvements. A key component in luring investments is the nation's advantageous geographic location.

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Myanmar Courier, Express and Parcel Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; DHL Express, EMS, Marathon Express, MGL Express, Myanmar Zarla Distribution, RG Express, Royal Express, SBS Express, UCL Express.

Myanmar Courier, Express and Parcel Market Segmentation:

By Type of Service: Based on the Type of Service, Myanmar Courier, Express and Parcel Market is segmented as; E-Commerce Parcels, Express Cargo, Express Cold Chain, Mails and Documents.

By Type of Shipments: Based on the Type of Shipments, Myanmar Courier, Express and Parcel Market is segmented as; Domestic Shipments, International Shipments.

By Mode of Delivery: Based on the Mode of Delivery, Myanmar Courier, Express and Parcel Market is segmented as; Air Express, Road Express.

By Region: The report provides in-depth analyses of important regions, including those in Myanmar (Central, East, North, South, Southwest, Tanintharyi, West).

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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