Press release
Autonomous Cargo Vehicles, B2C Orders, and Gen Z: Fueling the Growth of Philippines' On-Demand Logistics Market and What's more?: Ken Research
E-Platform Players in Philippines Logistics Market
1. Growth Drivers for the Philippines On-Demand Logistics Market: Consumer Behavior Shifts Towards Convenience, Unplanned Ordering, and Gen-Z Indulgence.
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Increasing usage of advanced mobile applications and banking solutions for the customers has made it easier for them to shop online with faster deliveries and live tracking as trends.
Increased affinity of online and Gen-Z customers towards top-up and indulgence purchases driving the segment. Also, the rising unplanned online ordering behavior from metro and tier I cities is also a contributing factor in the rise of the segment.
On-Demand logistics which is the natural evolution of e-commerce is the result of changing lifestyles and consumer behavior. COVID-led change in consumer behavior towards using online as a replacement for local grocery stores.
Willingness to pay for premium products, growing market for easy-to-cook products at-home delivery, demand for healthy and nutritional products, rising consumption of newer products through global experiences. Shift in consumer behavior from value-seeking to convenience-seeking, resulting in weekly, small-sized purchases rather than larger, monthly purchases driving the demand for on-demand logistics market.
2. Rise of Instant Delivery Platforms: Filipinos Drive B2C Orders in 2021, Fueled by Growing Millennial Population.
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With smartphone apps and traffic growing year-over-year, B2C orders are on rise in Philippines.
With rising millennial population companies are offering services to cater to the demands of the next gen consumer.
B2B orders are also on rise, the major category is consumer durables and electronics and last mile delivery - high penetration and acceptance of online channel in E-B2C are expected to have a domino effect on E-B2B.
3. Driving Tech Trends in the Philippines On-Demand Logistics Market: Early Adoption of Autonomous Delivery and Cost-Driven Innovations.
Several players are already piloting last mile, urban deliveries with car-size vehicles (or a little smaller) operating on streets and intended to become autonomous.
Philippines is preparing to use drones to deliver food and groceries soon and the drone delivery of medical supplies. Usage deployment is likely to be the highest in low density urban or rural areas.
Allow customers to select any locker location as their parcel delivery address. They can then retrieve their orders by entering a unique pick-up code, removing the need for human involvement. Amazon, Home Depot and Walmart are major retailers to follow the suit.
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:
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: 2018-2021
Base Year: 2021
Forecast Period: 2021-2026
For More Insights On Market Intelligence, Refer To The Link Below: -
https://www.kenresearch.com/industry-reports/philippines-on-demand-logistics-market
Related Reports By Ken Research:-
https://www.kenresearch.com/industry-reports/uae-logistics-market
https://www.kenresearch.com/industry-reports/indonesia-logistics-market
India
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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