The report titled “Philippines
Express and E-Commerce Logistics Market Outlook to 2023 – By Air Express and Road Express, By
International Express and Domestic Express, By B2B, C2C and B2C Model, By
E-Commerce Merchants and 3PL Companies” by
Ken Research suggested a growth at a noteworthy six year CAGR of 9.0% in
Philippines express delivery market and a massive CAGR of 24.6% in the
Philippines E-commerce logistics market in terms of revenue in next 5 years
till the year ending 2023E.
The market has been dominated by the international delivery which
comprised of 76.2% of the market revenue during the year 2017. With
the development of well-planned cargo ports in the country and good
connectivity with Asian, Middle East and European countries through air routes
has resulted in an increase in demand for express delivery from international
shipment in the country.
Increasing usage of advanced mobile applications and
banking solutions for the customers has made it easier for them to shop online,
which further intensified the E-commerce logistics market in the Philippines.Last
mile logistics has gained popularity in Philippines, especially amongst
domestic shipping companies in the country with the introduction of new web
technologies and surging e-commerce operations. It has led several e-commerce
companies to think, strategize and invest on their logistics operations in
order to surpass their competition. Major E-commerce logistics firms in
Philippines have shifted their focus on timely, reliable and a safe delivery of
products, thereby making it an integral part of their system for creating
customers. It has been witnessed that E-commerce companies as well as the
domestic parcel delivery companies have been majorly providing these services
as Filipino customers are increasingly demanding for faster deliveries of goods
and are willing to pay extra price for sooner deliveries.
Opening up of
logistics hubs along with the introduction of new web technologies in last mile
logistics drew much attention from not online sellers but shipping companies as
well. An updated system will help shipping companies to plan the route, catalogue
the transactions and keep track of all the deliveries. Some of the major
players operating in E-commerce logistics space include Lazada Express, LBC
Express, DHL Philippines, Shopee and others.
The major challenge
in front of the express delivery services has been the deficit of rapid
infrastructural development. The growth of infrastructural facilities has not
been able to keep up with the swift expansion in the logistics and freight
forwarding sector. This lack of infrastructural support has marred the
expansion of the logistics industry in the Philippines. Even though the
Filipino express delivery market comprises of a large number of local and
international companies, it has certain road blocks that have restricted the
entry of new players.
Keywords
Express Delivery Market Philippines
E-Commerce Logistics Market Philippines
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Domestic Express Delivery Firms in Philippines
Philippines Express Delivery Competition
Philippines E-Commerce Logistics Future
Philippines E-Commerce Logistics Growth
Philippines Express Delivery Technology
Express Delivery Services in Metro Manila
Normal and Express Delivery in Philippines
List of Express Delivery Firms in Philippines
List of E-Commerce Logistics Players in Philippines
Major Players Philippines Express Delivery
Philippines E-Commerce Logistics Competition
Philippines Express Delivery News
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Government Regulations Philippines Logistics
Philippines Express Delivery Trends
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Express Delivery Forecast Philippines
Future Express Delivery Services Philippines
For more
information on the research report, refer to below link:
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