How is
Philippines Logistics & Warehousing Market Positioned?
Logistics
services provided in the Philippines involve the movement and transport of the
documents, parcels, goods, materials, products which include management of
freight, storage, packaging and inventory. The goods are transported by the
basic modes of transportation which includes land, water, air and rail.
Transportation and logistics is a main catalyst of economic growth which
impacts other sectors such as agriculture and manufacturing, among others. The
technological advancements and trade together have contributed to the growth of
logistics industry in the Philippines. The logistics industry plays a key role
in the exports and import of commodities in the Philippines. The logistics
market in the Philippines has witnessed a growing need of maritime, aviation
and land transport systems to ensure efficient flow of resources and
commodities within the country as well as to other countries globally. The
logistics market of has evolved in recent years with the rising globalization
which is one of the key driving factors responsible for the growth of logistics
market in the Philippines. Globalization has increased trade activities in the
country and logistics has played a key role in connecting different export and
import markets of various countries across the world. The logistics market has
augmented positively from PHP ~ billion during 2013 to PHP ~ billion during
2018, thus displaying a CAGR of ~% during 2013-2018. During this period,
logistics market grew with the expansion of industrial activities in the country.
Philippines
Logistics & Warehousing Market Segmentation
By Service Mix: Freight forwarding segment
dominated the logistics industry of Philippines and has grown at a five year
CAGR of ~% during the period 2013-2018. The market was witnessed to grow from
PHP ~ billion in 2013 to PHP ~ billion in 2018. This is primarily due to rising
demand for transportation of goods from one place to another and increasing
export and import value has positively impacted the freight forwarding
industry. Warehousing is the second largest contributor in the logistics
industry of Philippines and reached PHP ~ billion in 2018. Over the years the
warehouses in the country have witnessed modernization with the introduction of
robotics and mechanization in this industry which has increased the efficiency
of work. Value added services acquired the remaining market share of ~% in the
overall logistics market of Philippines.
Philippines
Logistics & Warehousing Market Future Outlook
The logistics and warehousing market of Philippines
was observed to grow at a CAGR of ~% during the period 2018 to 2024. The market
revenue generated from this industry in Philippines is expected to grow and
reach from PHP ~ billion in the year 2018 to PHP ~ billion by the end of the
year 2024. Strong economic growth is likely to boost the logistics market in
the country during the forecasted period 2018-2024. The sectors which are
expected to be particularly dependent upon logistics services include
healthcare, telecommunication, electronics and retail sectors. An increase in
the consumer spending will provide a strong impetus for the growth of these
sectors and thus will affect the logistics market positively.
How is
Philippines Freight Forwarding Market Positioned?
Freight forwarding industry witnessed
significant growth in the past few years. Expanding FMCG sector, retail sector,
food and e-commerce industry in the country have attributed to the phenomenal
growth in the sector during the period 2013-2018. The industry dominated the
logistics market. The market is yet to achieve maturity as the industry is
highly fragmented with the presence of both domestic and international
companies. Freight forwarding accounts for ~% of the total value of the goods.
The market witnessed a tremendous growth during 2013-2018. It increased from
PHP ~ billion in 2013 to PHP ~ billion in 2018.
Key Segments
Covered
Logistics
and Warehousing:
By Service Mix (Freight Forwarding,
Warehousing and Value Added Services)
Freight
Forwarding:
By Mode of Transport (Water Transport, Road
Transport and Air Transport)
By Major Flow Corridors (Asia, North America,
Europe, Middle East and Others)
By Owned and Rented / 3PL
By Delivery Type (Normal Delivery and Express
Delivery)
By Mode of Freight (International Freight and
Domestic Freight)
Express
Delivery:
By Mode of Transport (Air Express and Road
Express)
By Delivery Type (International Express and
Domestic Express)
By Business Model (B2B, B2C and C2C)
E-Commerce:
By Channel (E-Commerce Merchants and 3PL
Companies)
By Time Duration (One Day Delivery, Two Day
Delivery, Same Day Delivery and Others)
By Area of Delivery (Intracity and Intercity)
By Payment Method (Cash on Delivery and
Others)
Third Party
Logistics:
By Market Type (Freight Forwarding and
Warehousing Services)
Warehousing:
By End User (Food and Beverage,
Pharmaceuticals and Medical Consumables, Textile and Footwear, Electronics,
Chemicals and Others)
By Domestic and International Companies
By Business Model (Industrial / Retail
Freight, Container Freight, Cold Storage, Agriculture and Others)
By Owned and Rented Warehouses
Balikbayan
Box:
By Seasonal Demand (On-Season and Off-Season)
Key Target
Audience
Logistics Companies
Warehousing Companies
Cold Chain Companies
Courier and Parcel Companies
Express Logistics Companies
E-Commerce Logistics Companies
E-Commerce Companies
Logistics Association
Government Association
Investors and Private Equity Companies
Time Period
Captured in the Report:
Historical
Period:
2013-2018
Forecast
Period:
2019-2024
Companies
Covered:
Freight
Forwarding and Warehousing Market:
Chelsea Logistics Holdings Corporation
International Container Terminal Services Inc.
Lorenzo Shipping Corporation
Metro Alliance Holdings & Equity
Corporation
Asian Terminals Inc.
AAI Worldwide Logistics Inc.
Kintetsu World Express
Royal Cargo
Yusen Logistics Co. Ltd.
All Transport Network Logistics (ATN)
F2 Logistics All Systems Logistics (ASL)
LF Logistics
Nippon Express
Panalpina
Expeditors
Orient Freight International
Metro Combined Logistics Solutions Inc.
Infinity Logistics Philippines Co.
MMG Corporation Philippines
Express
Delivery Market:
LBC Express
Philippines Postal Corporation
2Go Group Inc.
JRS Express
AirFreight 2100 (Air21)
Xend Business Solutions
Abest Express
E-Commerce
Logistics Market:
Lazada Express
Shopee
DHL Philippines
Zalora
Balikbayan
Box Market:
Jolly B Box
Forex Cargo
Afreight
Zalora
Manila Forwarders
LBC Express
For more
information on the research report, refer to below link:
Related
Reports
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Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249