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)
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)
By Mode of Transport (Air Express and Road Express)
By Delivery Type (International Express and Domestic Express)
By Business Model (B2B, B2C and C2C)
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)
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
By Seasonal Demand (On-Season and Off-Season)
Key Target Audience
Cold Chain Companies
Courier and Parcel Companies
Express Logistics Companies
E-Commerce Logistics Companies
Investors and Private Equity Companies
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2024
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
Yusen Logistics Co. Ltd.
All Transport Network Logistics (ATN)
F2 Logistics All Systems Logistics (ASL)
Orient Freight International
Metro Combined Logistics Solutions Inc.
Infinity Logistics Philippines Co.
MMG Corporation Philippines
Express Delivery Market:
Philippines Postal Corporation
2Go Group Inc.
AirFreight 2100 (Air21)
Xend Business Solutions
E-Commerce Logistics Market:
Balikbayan Box Market:
Jolly B Box
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications