Wednesday, July 1, 2020

Future of Philippines Logistics Market Growth: Ken Research

How Is the Philippines Logistics Market Positioned?
Overview: Philippine is an Import oriented country that comprises 7000 Islands and is dominated by sea freight due to archipelago geography. The operations of the whole country are highly cantered in Luzon Island with major congestion at Manila Ports, working with almost 90% capacity in comparison to the ideal capacity of 75%.
Due to high growth in the manufacturing and industrial sector, players have begun turning to 3PL (Third Party Logistics) for warehousing and distribution to focus on their core business activities. The government is improving its Cold chain facilities and heavily investing in road infrastructure and new ports using Public-private partnerships to reduce congestion.
Market: The logistics market has seen significant growth in the last few years, recording a CAGR of ~% during 2014-2019 primarily due to increasing infrastructure investment, e-commerce, and cold chain facilities in the Philippines. The Logistics sector performance is still not very good in comparison to other South Asian countries such as Indonesia and Thailand but has improved in the past 5 years, currently holding 60th rank in 2018 according to the World Bank.
The freight forwarding sector is the leading segment towards the revenues of the logistics industry, followed by warehousing and courier & parcel activities. The other sectors include value-added services, e-commerce deliveries, and the 3PL market.
Philippines Logistics and Warehousing Market
By Service Mix: Freight forwarding segment has dominated the logistics industry of the Philippines and has grown at a five-year CAGR of ~% during the period 2014-2019P. The market was witnessed to grow from PHP ~ Million in 2014 to PHP ~ Million in 2019P. This is primarily due to infrastructural investments, increasing foreign trade, increasing export, and imports by the sea which has positively impacted the freight forwarding industry of the country. The demand for cold storages is increasing in Manila and Other islands due to the rising demand for meat, seafood, and other perishable products.  The warehousing sector is even expected to boost by e-commerce companies opening their fulfilment centres across the Philippines. Courier Express and Parcel market acquired a revenue share of ~% in 2019E which was an increment from 2014. VAS is being popular with all companies providing VAS as part of their service portfolio to give all possible services to their clients under one roof.
Philippines Freight Forwarding Market Segmentation
By Mode of Service: Philippines freight forwarding market was dominated by sea freight in terms of revenue and volume due to its archipelago geography and it is an import driven economy. It is followed by road freight which is facing a lot of challenges due to Congestion and bad road infrastructure.
By Road Freight:
The road freight is only done domestically due to its geography. The movement is done by RORO between Inter Island and Intra Island by road. The number of trucks is increasing at ~ rate between 2014-2019P. The average freight rate is one of the highest among Southeast Asian Countries.
By FTL/LTL: Majority of the Volume transported by the road is done on LTL basis by Revenue and Volume with Average prices charged in case of LTL is ~% higher than FTL basis.
Cost Component analysis:
Out of the total operating cost, ~ % is held by Fuel, ~% is held by salary and ~% by Toll earning ~% margin by trucking companies.
Philippines Warehousing Market Segmentation
By Business Model: The industrial and retail warehouses dominated the overall Philippines warehousing market with area share of ~%, with average price ~ and occupancy rate of ~ in 2019. This is primarily due to increasing Industrial parks and real estate developers’ investments in logistics space. This is followed by ICD’s /CFS near the ports.
By End Users: The major end-users of warehousing services in the Philippines include Food and Beverages which provides maximum revenue. The pharmaceutical companies generally prefer their own warehouses due to the extra precaution’s measures needed.
Industrial Warehouses by Grade A, Grade B, and Grade C Warehouses: Grade A warehouses accounted for ~% of the total industrial warehouses and Grade B accounts for the ~% with remaining ~% Grade C warehouses. Philippines is seeing an increasing demand for Grade A warehouses in the country.
Philippines Cold Chain Market
The overall revenue generated by the Cold Chain Market has increased from PHP ~ Billion in 2014 to PHP ~ Billion in 2019 at a positive CAGR of ~%during the period.
By Service: The majority of revenue is done by Cold storages and contributes ~% revenue with the number of reefer trucks increasing every year.
Cold Storage by Temperature: Freezers- chillers convertible pallets dominated the revenue in the cold storage market, both in terms of number of pallets as well as Revenue
Cold Storage by Ownership: Almost ~% of the warehouses are captive owned by food and beverage companies and ~% warehouses are held by Non-Captive warehouses.
Cold storages by region:
Majority of cold storages are in Metro Manila due to the very high population and presence of more companies.
Competitive Scenario in Philippines Logistics and Warehousing Market
The logistics and warehousing market in Philippines are highly fragmented in nature. Companies are focusing on providing value-added services along with trucking and warehousing. Trucking, warehousing and cold chain market are dominated by Domestic companies. The major players in the Philippines logistics and warehousing market are Royal Cargo, W Express (DHL), 2GO Logistics, Yusen Logistics, AAI logistics, FSTA Trucking, LF Logistics, Fast cargo logistics, and many more.
 The parameters at which the companies are competing are Pricing, Location, fleet size, and Warehousing space, Additional services such as kitting, assembling, labelling etc and technological advancements.
Philippines Logistics and Warehousing Future Outlook and Projections
Philippines Logistics and Warehousing Market is expected to rise at a CAGR of ~% during 2019-2024F. The logistics and warehousing are expected to rise from ~ PHP Million in 2019 to ~ PHP Million in 2024. The Logistics is expected to increase in the future with the rising e-commerce market due to online payment options. The government is even investing in building bridges using PPP projects aimed at reducing congestion in metropolitan cities. The cold storages are expected to increase due to the high consumption of meat and seafood products in the Philippines. COVID-19 will have a significant impact on the logistics sector but is expected to revive back by 2021. Trucking Aggregators, innovations such as AI, Electric cars, ASRS and more will soon revolutionize the logistics space in the future.
Key Segments Covered: -
Freight Forwarding Market
By Mode of Transportation
Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)
Sea Freight (Fleets, Volume, Average Distance, Price/ton/km and Revenue)
Air Freight (Volume, Average Distance, Price/ton/km and Revenue)
By Road transportation
Less than Truck load (Revenue and Volume)
Full truck load (Revenue and Volume)
Warehousing Market
By Business Model (Revenue, Price/sqm, warehousing space, Occupancy rate)
Industrial/Retail
CFS/ICD
Cold Storage
Agriculture
By Industrial warehouses (Revenues)
Grade A
Grade B
Grade C and others
By End Users (Revenues)
Food & Beverages
Textiles and Footwear
Chemicals
Pharmaceuticals and Medical consumables
Electronics
Others include agricultural products, frozen meat and more
Cold Chain Market
By Service
Cold Transportation (Revenues)
Cold Storage (Revenues, Number of Cold storages, Number of pallets, Price/ pallet/day, Occupancy rate)
By Mode of cold transportation
Road (Revenue, reefer trucks)
Air (Revenue)
Sea (Revenue)
Revenue by Temperature Range (Revenue, Price/pallet/day)
Freezers
Chillers
Ambient
By Regions (Number of Cold storages)
Ilocos
Cagayan Valley
Central Luzon
Calabarzon and Mimaropa
Bicol
Western Visayas
Central Visayas
Eastern Visayas
Zamboanga
Northern Mindanao
Davao
Soccsksargen
Caraga
NCR
By type of ownership (Number of cold stores)
Captive
Non captive
Companies Covered
Royal Cargo
W Express (DHL)
2GO logistics
Yusen logistics
AAI logistics
FSTA Trucking
Inland Logistics
Chelsea logistics
RLH Trucking
Cartrex trucking
2SL Services
Air speed
Orient Freight International
Ernest corporation
Cadano Cargo
Pambato
Truckmoto
Mercury Freight
All Transport Network
Legalas International
Mendonza
Agility
ISA Trucking
Asia world
Fast cargo logistics
Panalpina DSV
Rhenus logistics
Nippon Express
Kerry freight
Kintetsu
MMG Freight
Antrak logistics
PRC Food Logistics
Pacific Road link logistics
EVFTC transport
Igloo supply chain
Dinotrans Transport
Refrigerated Truck Door To Door Delivery
Jentec Cold Storage
Glacier Megafridge
Mets Logistics
ORCA Cold Chain Solutions
Big Blue Logistics
Royal Cargo
Vifel cold facility
Royale Cold Storage
Key Target Audience
Freight Forwarding Companies
E Commerce Logistics Companies
3PL Companies
Consultancy Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time Period Captured in the Report: -
Historical Period – 2014-2019
Forecast Period – 2020-2024F
Key Topics Covered in the Report: -
Philippines Logistics and Warehousing Market Introduction
Logistics Infrastructure
Cross Comparison of Logistics Performance in Different Countries (Philippines, Philippines, Vietnam, Indonesia and Australia)
Philippines Logistics and Warehousing Market Size
Philippines Logistics and Warehousing Market Segmentation
Philippines Logistics and Warehousing Market Future Outlook
Philippines Logistics and Warehousing Market Future Segmentation
Philippines Freight Transportation Market Size
Philippines Freight Transportation Market Segmentation
Philippines Freight Transportation Market Future Outlook
Philippines Freight Transportation Market Future Segmentation
Philippines Trucking market size
Philippines Trucking Market Segmentation
Philippines Trucking Market Future Outlook
Philippines Trucking Market Future Segmentation
Innovations in Transportation Market
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Philippines

Rise in Prevalence of Orthopedic Injuries Expected to Drive Global Orthopedic Devices Market: Ken Research

Orthopedic devices aids in preventing or managing the musculoskeletal disorders (MSDs). These devices are used for treating the deformities & injuries of the musculoskeletal system. These devices provides support to injured bones and tissues, building the healing process much smoother. Orthopedic devices are manufactured with alloys of titanium or the stainless steel for achieving the rigidity and strength. They are inserted surgically by an internal fixation procedure to repair the damaged bones and tissues. The most common orthopedic devices includes rods, spacers, pins, cages, plates, and screws which act as an anchor for improving and aligning the fractured bones. The growing surgical procedures by using numerous orthopedic implants and instruments are further expected to fuel the market demand.

According to study, “Orthopedic Devices Global Market Report 2019” the key companies operating in the global orthopedic devices market are DePuy Synthes Companies, Medtronic, NuVasive, Inc., Globus Medical, Inc., Stryker Corporation, Smith & Nephew plc., and Zimmer Inc. The key players are focusing on a continuous product development and offering new orthopedic devices at much competitive prices especially in the developing geographies. The invasive orthopedic devices does not need a repeat procedures and are expected to boost up the number of procedures over a developed as well as developing regions.

Based on type, orthopedic devices market is segmented into trauma fixation, joint replacement, spinal devices, consumables & disposables, bone repair, and others. Based on product type, market is segmented into surgical devices and accessories. Surgical devices include drill guide, implant holder, custom clamps, guide tubes, distracters, and screw drivers. Additionally, accessories include consumables, braces and others. Based on application, market is segmented into hip orthopedic devices, dental orthopedic devices, spine orthopedic devices, knee orthopedic devices, craniomaxillofacial orthopedic devices, sports injuries, extremities and trauma (SET) orthopedic devices. In addition, based on end-user, market is segmented into hospitals, medical research centers, ambulatory surgery centers, and others.

The orthopedic devices market is driven by rise in prevalence of orthopedic diseases, followed by increase in base of geriatric population, rise in development of bioabsorbable and titanium implants, increase in rate of orthopedic surgeries in developed nations, rise in burden of musculoskeletal disorders and growth in technological advancements. However, stringent Food and Drug Administration (FDA) regulations and biocompatibility issues and excessive cost of orthopedic devices may impact the market. Moreover, high market potential in emerging economies is a key opportunity for market.

Based on geography, the North-American is a leading region in global orthopedic devices market owing to sophisticated healthcare infrastructure, increase in adoption of advanced orthopedic solutions and presence of industry giants & reimbursement coverage for orthopedic procedures in the region. Whereas, the Asian-Pacific and European regions are estimated to exhibit higher growth rate due to rise in medical tourism industry, existence of a vast geriatric population, and rapid adoption of new technology over the forecast period. In near future, it is projected that future of the market will be optimistic because of increase in number of sports and road traffic accidents coupled with rise in awareness about orthopedic procedures during the forecast period.

For More Information, Click on the Link Below:-
Global Orthopedic Devices Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Rise in Demand from Automotive and Construction Industries Expected to Drive Global Paints and Coatings Market: Ken Research


Paints & coatings include glossy and decorative polish that enhances the aesthetic appeal of surface of metal component, equipment, walls, or any other. The coating also servesas layer in providing corrosion & abrasion resistant finishing and enhancing the overall durability of product surfaces. The key raw materials used for manufacturing of paints & coatings includes pigments, solvent, resin, additive, curing agent, and dispersant and many others.

According to study, “Paints And Coatings Global Market Report 2019” the key companies operating in the global paints and coatings market are PPG Industries, Jotun, The Sherwin-Williams Company, Akzonobel N.V., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Asian Paints, RPM International Inc., Solvay SA, BASE SE, Axalta Coating Systems Ltd., Shalimar Paints, Berger Paints India Limited, Tiger Coatings GmbH & Co. Kg, Beckers Group (Maryland), Kelly-Moore Paints, Hempel A/S (Denmark) and Indigo Paints Pvt. Ltd.

Based on resin type, paints and coatings market is segmented into Acrylic, Fluoropolymer, Alkyd, Polyurethane, Epoxy, Polyaryletherketone (PAEK), Polyester, Polyether ether ketone (PEEK), Polyetherketone (PEK) and others. Based on technology, market is segmented into powder coating, waterborne technology, solventborne technology and others (Electron Beam (EB) coating and UV cured coating. Based on formulation, market is segmented into powder-based, solvent-based, water-based, and UV coatings. Among these, water-based formulation segment is anticipated to witness higher CAGR owing to increase in application in home furnishing and automobile manufacturing due to their excellent adhesion and cost-effectiveness during the forecast period. In addition, based on end-use, market is segmented into Industrial and Architectural. Industrial segment includes automotive refinish, marine, protective, general industrial, wood, aerospace, packaging, coil and rail. Additionally, architecture segment includes residential and non-residential.

The paints and coatings market is driven by rise in demand from the construction and automotive industries, followed by growth in technological advancements in powder coating technology, increase in popularity of elastomeric coatings in tilt-up concrete in building & construction and growth in Green environmental regulations. However, difficulty in obtaining thin films in powder coating and requirement of more drying time for waterborne coatings may impact the market. Moreover, increase in use of powder coatings in the automotive industry, attractive prospects for powder coatings in ship building and pipeline industries and increase in applications of fluoropolymers in the building & construction industry are key opportunities for market. Furthermore, growth in adoption of smart coating is a major trend for market.

The use smart coatings and newly designed high performance coating technologies are now being adopted by various companies that enhance efficiencies over coating of various compounds. The use of advanced Nano coatings consists of extremely tiny particles with unique characteristics such as flexibility, resistance to corrosion and micro bacterial growth.

Based on geography, the Asian-Pacific region holds major share in paints and coatings market owing to rapid architectural and industrial growth in the region. Whereas, the European and North-American regions are expected to witness higher growth rate due to presence of stringent regulatory agenda over the forecast period. In upcoming years, it is estimated that future of the market will be bright as a result of increase in repair & renovation activities in the commercial buildings, houses, schools, and malls coupled with rise in consumption of paints and coatings by the oil and gas industry during the forecast period.

For More Information, refer to below link:-
Global Paints And Coatings Market

Related Report:-
Global Paints and Coatings Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249


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COVID-19 Impact on Malaysia Automotive Lubricant Market Slow Auto Sales Curb Industry Growth: Ken Research

Malaysia automotive sales a slowdown will lead to a decrease in demand for auto lubricants. Companies need to evolve their product offerings and develop a reliable lubricant distribution network to maintain a competitive edge in the industry and to recover its sales.
Effect on Business
Auto sales already faced a downfall in 2019, but in 2020 the industry is projected to experience a drastic fall due to economic slowdown around the globe because of coronavirus pandemic. According to Malaysia Automotive Association, in 2020, vehicle sales dropped from 44,403 units in February to 22,478 units in March. Companies such as Petronas experienced 80% in lubricant sales during the period of March 2020-May 2020. Overall, in 2020, vehicle sales are expected to fall by 20-30%.
Due to the implementation of a nationwide lockdown, the existing vehicles on road have also traveled less distance and will, therefore, require fewer engine oil change. On average, during normalcy a passenger car, a motorcycle, and a truck change engine oil 3-4 times, 2-3 times, and 3-4 times per annum respectively. However, in 2020 vehicle owners are expected to change engine oil only once or twice. Companies are planning to continue work from home for a longer time to ensure employee safety as well as to safe on OPEX. The majority of tourists visit Malaysia Between December to March but in 2020 there was a drastic fall especially in March and April as International travel to and fro was restricted from Mid-March.
Way Forward
Strategic efforts by lubricant manufacturers and distributors can ensure recovery in auto lubricant by 2024. The lubricant producers should focus on the development and expansion of the distribution channels to boost sales. Partnership with workshop owners, building better communication with distributors and training distributors will boost offline sales. However, with growing traction to the e-commerce industry, the companies should focus on promoting online sales. Vehicle owners currently do not prefer buying lubricants online.
Key Segments Covered: -
By End User Industry
Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine
By Grade
Synthetic
Semi-Synthetic
Mineral
By Type
Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Grease
Gear oil and Transmission Oil
Hydraulic Oil
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
Companies Covered:
Shell
Castrol
Petronas
Total
Caltex Chevron
Exxon Mobil
Key Target Audience
Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations
Time Period Captured in the Report: -
Historical Period: 2014–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practices in Business
Pricing Analysis
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Posted by at No comments:
Location: Malaysia
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