The
report titled “Vietnam
Third Party Logistics (3PL) Market Outlook to 2022 – By Freight Forwarding and
Warehousing 3PL Services and By International Companies and Domestic Companies”
provides a comprehensive analysis of 3PL services in Vietnam. The report
focuses on overall market size for third party logistics in Vietnam, market
segmentation by market (freight forwarding and warehousing) and by companies
(international companies and domestic companies). The report also covers the
overall competitive landscape in Vietnam 3PL market. The report concludes with
market projection for future of third party logistics as described above and
analyst recommendations highlighting the major opportunities and cautions for
Vietnam 3PL market.
Vietnam 3PL Market Overview and Size
Compared
to other parts of the world, logistics industry in Vietnam is still in its
developing phase, as supply chain processes for instance procurement,
transportation, warehousing and delivery are not executed in an integrated
manner. In terms of revenues, Vietnam 3PL market was evaluated at USD ~ billion
in the year 2011, which witnessed an increase to USD ~ billion in the year
2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. 3PL
providers can offer a variety of services to companies seeking to outsource
logistics functions in Vietnam majorly including domestic transportation,
international transportation and warehousing. Most of the foreign firms
operating in Vietnam such as Maersk Logistics, APL Logistics, NYK Logistics and
MOL Logistics were observed to offer 3PL or 4PL services whereas, Vietnamese
domestic firms could only handle 2PL services. In Vietnam, large scale
companies such as DHL, Kuehne + Nagel or DB Schenker were witnessed to be the
leading suppliers of 3PL services.
Vietnam 3PL Market Segmentation
By Market
The
freight forwarding segment within Vietnam 3PL market dominated with a massive
revenue share of ~% in the year 2017. The growth of E-commerce industry in
Vietnam is one of the major driving forces for the 3PL freight forwarding owing
to increase in demand for fast delivery, efficient inventory management and
individualized shipping time. On the other hand, the warehousing segment within
Vietnam 3PL market was witnessed to capture the remaining revenue share of ~%
in the year 2017. 3PL warehousing companies in Vietnam handles all aspects of
shipping a particular product from anywhere in the world to their facilities
and then straight into customers hands.
By Companies
International
companies operating in Vietnam 3PL market has clearly established themselves as
market leader by capturing a whopping revenue share worth ~% in the year 2017.
Major international players operating in third party logistics segment include
VN Post, Viettel Post, GHN, GHTK, DHL Logistics, Damco, FedEx, APL, Gemadept,
Vinafco and Transimex Saigon. On the other hand, domestic 3PL players captured
the remaining revenue share of ~% in Vietnam 3PL market in the year 2017.
Comparative Landscape in Vietnam 3PL
Market
Third-party
logistics outsourcing is rapidly gaining importance in the country as more
corporations across the world are unable to manage their complex supply chains
and hence are outsourcing logistics activities to the 3PL service providers.
Competition within the logistics industry is ramping up due to tightened
capacity along with increased consolidation within the supply chain arena,
which has resulted in fewer partners for 3PLs and increased prices. The
companies operating in Vietnam 3PL market are competing with each other by
offering multiple value added services to the customers. The leading companies
in the segment are DHL Logistics, Damco, FedEx and APL. However, many
Vietnamese names have emerged in the market recently, including Gemadept,
Vinafco and Transimex Saigon.
Vietnam 3PL Market Future Outlook and
Projections
Over
the forecasted period, Vietnam 3PL market is expected to generate revenues
worth USD ~ billion by the year ending 2018 owing to a rising trend for both
local and multinational enterprises to outsource logistics functions to 3PL
services providers. It has been expected that industrial activities in the
country will expand, which will result into growing opportunities for the
foreign players. This will positively impact the 3PL market as these companies
will require third party logistics partners for handling their supply chain
management. Vietnam 3PL market is estimated to generate revenues worth USD ~
billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast
period 2018-2022. Additionally, in the coming years, 3PL companies will be
emphasizing more on the technological upgradation to engage with the customers
such as ERP and SCM and the trend of Fourth-party logistics (4PL) will be
emerging in future to support the 3PL business in the country.
Key Topics Covered in the Report
Third
Party Logistics Market in Vietnam
Vietnam’s
3PL Market
3PL
Network in Vietnam
Logistics
Firms 3PL Share Vietnam
3PL
Companies Position Vietnam
Thị
Trường Hậu Cần Của Bên Thứ Ba
Vietnam
3PL Market
3PL
Service Providers in Vietnam
Logistic
Services E-Commerce Vietnam
Vietnam
3PL Industry
Vietnam
3PL Sector Growth
Vietnam
3PL Present Scenario
Current
Situation 3PL Services Vietnam
Emerging
Market Trends in Vietnam Third Party Logistics
Vietnam
3PL Industry Stage
Vietnam
3PL Market Growth
Vietnam
3PL Industry Trends
Vietnam
3PL Market Size
Third
Party Logistics Services in Vietnam
3PL
Services in Hanoi
3PL
Services in Ho Chi Minh City
3PL
Services in DA Nang
International
3PL Companies Vietnam
Domestic
3PL Companies Vietnam
Vietnamese
3PL Companies
Number
of 3PL Service Providers in Vietnam Logistics Industry
List
of 3PL Service Providers in Vietnam
Vietnam
3PL Market Competition Scenario
Impact
on Vietnam 3PL Market
Vietnam-EU
Trade Agreement Third Party Logistics
Players
Vietnam Third Party Logistics
Government
Regulations Vietnam Logistics
Vietnam
3PL Companies
3PL
Future Outlook Vietnam
Vietnam
3PL Market Future Projections
Future
of 3PL Services in Vietnam
Vietnamese
Third Party Logistics Service Providers
For more information on the research
report, refer to below link:
Related Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249