Press release
Philippines Freight Forwarding Market is Expected to Reach USD 41.3 Billion by 2020: Ken Research
Philippines logistics Market Size
The Philippines freight forwarding market has witnessed a marginal increase over the years. Due to the rapid economic development of the Philippines, international and domestic trade volumes have significantly improved over the years from 2010 to 2015 which had increased the freight forwarding market in Philippines. The improvement in trade has resulted in an astounding demand of freight forwarding services in the country. Also, the growth in demand of freight forwarding services in the country has propelled the ingress of multinational companies in Philippines. The revenue registered from the freight forwarding market had increased from USD 20.2 billion in 2010 at a CAGR of 7.9% during 2010-2015.
According to the research report, the Philippines freight forwarding market will grow at a CAGR of 6.8% during 2016-20, thus reaching USD 41.3 billion by 2020. The government support and rapid economic development in the country will increase the market in future. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.
“The domestic freight forwarding business in the Philippines has been plagued by poor infrastructural growth and development. The present infrastructural systems have not been able to keep up with the rapid expansion of freight forwarding industry which has led to congestion at ports which has further increased delays in delivery time. The players in the industry should look forward to utilize alternative routes such as BCT and Laguna gateway instead of using the major ports like Manila, Bantangas and others. Filipino government will look forward to promote investments to develop sufficient infrastructural facilities such as road networks, sea ports and airports” according to the Research Analyst, Ken Research.
Key Findings in the Report:
The lower export revenues from agro based products and petroleum pulled down the exports. The Cargo throughput in 2015 was reduced by 32.8%. The market has however grown at a CAGR of 4.7% during 2010-2015.
In order to support the growth and sustained economic development, the government of Philippines will look forward to provide adequate support systems through streamlining administration processes, simplification of tax structure and integration of more advanced technology to enhance productivity levels.
Key Topics Covered in the Report:
Philippines logistics Market Size
Market Segmentation by
Philippines Logistics and Forwarding Market Segmentation
By Type of Service
By B2B and B2C Clients
Philippines Warehousing and Value Added Services Market
Market size of Warehousing market
Value Added Services Market
Philippines Cargo Handling Size
Philippines E-commerce Logistics Market
Philippines Third Party Logistics Market
Logistics and Forwarding Market Entry Barriers
Filipino Freight Forwarding Market
Market Segmentation by
by Seasonal Demand
Balikbayan Market Future Outlook and Projections
Market Share of Major Players in Domestic Air Freight Forwarding Market
Market Share of Major Players in International Air Freight Forwarding
Market Share of Major Players in Sea Freight Forwarding Market
Philippines Balikbayan Box Market Introduction
Market Segmentation by
Road Freight, Sea Freight and Air freight
Balikbayan Market Future Outlook and Projections
Philippines Express Delivery Market
Value Chain Analysis of Philippines Express Delivery Market
Market segmentation
By Road and Air Express
By International and Domestic Express
Express Delivery Market Barriers to Entry
IT Systems Architecture in Express Delivery market
Domestic Express Delivery Market
International Express Delivery Market
Philippines Express Delivery Market Future Outlook and Projections
Market Drivers and Trends
Philippines Logistics Market Future Outlook and Projections
Analyst Recommendation
Macro Economic Analysis
Infrastructure
Companies Covered in the Report
Domestic Express Delivery players
LBC Express
Philippines Postal Corporation
JRS Express
Airfreight 2100 Inc
2 GO Express
International Express Delivery Players
DHL
FedEx
UPS
TNT
Domestic Airfreight Players
2Go Express Inc.
Cargo Padala Express Forwarding Service Corp
Wide Wide World Express, Inc.
JRS Business Corporation
AA! Worldwide Logistics
Vintel Logistics Inc
International Airfreight Players
Nippon Express Philippines, Inc
Yusen Logistics Philippines, Inc.
Trans-global Consolidators, Inc.
Kintetsu World Express Philippines, Inc.
Panalpina World Transport (Philippines), Inc
Schenker Philippines, Inc.
Kuenhe & Nagel, Inc.
UPS-Delbros Transport, Inc.
Expeditors Philippines, Inc.
source : https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html
Related Reports:
India Logistics and Warehousing Industry Outlook To 2019 - Driven By E-Commerce Logistics And Make In India Initiative
UAE Logistics Market Outlook To 2019 - Driven By Infrastructural Investment And Expanding Foreign Trade
Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 - Rising Intermodal Logistics Service To Drive The Future
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
• Future Growth of Philippines freight forwarding market is expected to increase due to the government support and rapid economic development in Philippines.
• The dominating players in air freight market are LBC Express, Inc., AP Cargo Logistics Network Corporation, Airfreight 2100 Inc, Cargo Padala Express Forwarding Service Corp and others.
• The dominating players in Sea freight market are 2go logistics, Phil Span Asia, MCC transport, Solid shipping lines and others.
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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