Philippine Logistics and Warehousing Market Soars with 14% YoY Growth, Fueled by eCommerce Boom and Infrastructure Investments

In 2022, the Philippines experienced a remarkable year-on-year growth rate of approximately 14% in the logistics and warehousing market. This growth was mainly driven by the country's advantageous geographic position, making it a strategic logistics hub connecting Southeast Asia. The thriving fast-moving consumer goods (FMCG), retail, food, and eCommerce industries further fueled this expansion, leading to a significant boost in the goods forwarding sector and the overall logistics market in the Philippines. Moreover, the Philippine government played a crucial role by actively investing in and upgrading the nation's transportation infrastructure, aligning with its vision of becoming a leading manufacturing hub in the Asia-Pacific region.

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► Infrastructure Spending and Collaborations with Foreign Companies
In 2022, the Philippine government unveiled new projects in the traditional transportation, energy, and water sectors, with local companies still controlling a significant portion of the market. However, collaborations with foreign companies are emerging, especially in new or developing industries where local players lack the necessary technological expertise. Notably, potential bidders from China and Japan have shown interest in public-private partnerships to renovate key infrastructure, such as the Kennon Road project.

► International Logistics Opportunities
The Philippines has seen improvements in global logistics opportunities, ranking 13th with an index of 5.25. This index evaluates both domestic and worldwide demand for trade-intensive logistics services and the emerging market's ability to support international logistics operations. While the Philippines improved its position, it remains the only member of the ASEAN-5 not in the top 10 for this category, with Vietnam, Thailand, Indonesia, and Malaysia occupying higher ranks.

► E-Commerce Boom and Last-Mile Logistics
The rising trend of online shopping has led to an increased demand for efficient delivery services in the Philippines, driving the expansion of last-mile logistics providers. Advanced technologies are being integrated for enhanced tracking and delivery management to meet the growing demand. Digital payment transactions will also surge in 2022, reflecting the growing popularity of e-commerce in the country.

► Air and Sea Freight in the Philippines
Road freight continues to dominate the logistics market with around half of the share, but there is a notable rise in the prominence of sea freight, accounting for one fourth of the total freight transport market. Air freight retains a minor share but has witnessed growth in domestic cargo traffic handled by Philippine airlines.

► Warehouses: Prominent Long Term Investment
Warehouses are predicted to be one of the upcoming major real estate investments in the Philippines. The shift to online platforms has increased the storage needs for product inventory, and distribution centers and storage facilities are also gaining potential as investments. The Cold Chain market in the Philippines has witnessed extensive growth due to increasing domestic consumption of meat and seafood, company expansion of existing warehouses, and rising government efforts and investments.

► Scope of the Study
The study conducted by Makreo Research provides a comprehensive analysis of the Philippines Logistics and Warehousing Market from 2018 to 2028. The report considers both qualitative and quantitative factors, providing a well-rounded approach to analysis. It goes beyond mere numbers and incorporates insights into consumer behavior, industry trends, and market dynamics, making it a valuable resource for individuals or organizations interested in exploring the logistics, warehousing, 3PL, cold chain, and express logistics market in the Philippines. The report discusses past and present performance, as well as potential growth opportunities in the future, enabling readers to identify key areas of interest and investments.

► Market Assessment:
The report examines opportunity for the Philippines Logistics and Freight Forwarding market on various grounds including

■ Logistics and Freight forwarding Market revenue and forecast
■ 3PL Market revenue and forecast
■ Warehousing Market revenue and forecast
■ Cold Chain Market revenue and forecast
■ Express Logistics Market revenue and forecast
■ eCommerce logistics performance

► Competition Assessment:
The report examines competition on various grounds including player's performance, market positioning and recent developments
■ Competitive Landscape
■ Mergers/Acquisition/Investment
■ Company Profiles

► Players Discussed
DHL Group, FedEx Corporation, United Parcel Services, Yusen Logistics Co. Ltd., DB Schenker, Nippon Express, Kuehne+ Nagel AG, Agility Logistics, CEVA Logistics, PHL Post, 2GO Logistics Inc, Chelsea Logistics, LBC Express Holdings, Inc, Airspeed, JRS Express, CJ Logistics

To Know More:
Philippines Logistics and Warehousing Market and Forecast (2018-2028)
https://www.makreo.com/report/philippines-logistics-and-warehousing-market-and-forecast-2018-2028

Similar Related Reports:
Philippines Warehousing and Cold Chain Market Report: Size, Share, Growth, and Forecast (2018-2028)
https://www.makreo.com/report/philippines-warehousing-cold-chain-market-report-size-share-growth-forecast-2018-2028

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Makreo Research is a market research and consulting firm working closely with business conglomerates worldwide to assist them in many aspects of driving their business growth and making wise decisions with the help of our qualitative and quantitative market insights.

This release was published on openPR.