The Philippines Logistics Market is Expected to grow at a CAGR of 8.2%, 2022P- 2027F owing to the Rapid Improvement in the Logistics Infrastructure by the government: Ken Research

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Feb 06, 2023, 02:57 ET

GURUGRAM, India, Feb. 6, 2023 /PRNewswire/ -- The Philippines Logistics Market is in the growing stage, being driven by increasing demand for food, beverages, and manufacturing products. There are several players in the Philippines Logistics market some of which are Royal Cargo, W Express (DHL), 2Go Logistics, Yusen Logistics, and AAI Logistics.

Chinese, Dutch, Japanese and Taiwanese investors have committed to either put up or expand existing logistics facilities in southern Luzon, Philippines.
Rise in e-commerce with internet penetration (73.9 Mn Users, 2021) has increased the demand for industrial freight warehouses in the country.
Being an archipelago and Import Oriented country extremely dependent on Sea, ICDs are used extensively at ports and airports.

Improving Road Transportation and Warehousing Infrastructure: The Philippines government has undertaken major infrastructure development projects like "Build Build Build" to expand the logistics services of the country in near future. Additionally, to meet the increasing demand for refrigerated storage, several cold chain operators are anticipated to expand their businesses and build numerous new cold storage facilities which will provide a boost to Philippines cold storage industry. The logistics sector in the country is going through a new wave of technological advancements that are crucial for both the organic growth of logistics businesses and for end customers of those services.

High Demand for Road and Sea Transportation: The development of currently existing technology and technological tools is anticipated to spur expansion in the warehousing industry. Platooning and the use of electric cars are also helping to tackle cargo theft and lower the cost of freight transportation as the country's logistics sector shifts towards digital growth. A growing middle class, rising consumer spending, and young, tech-savvy population in the Philippines are driving the expansion of e-commerce and will further increase the need for logistics services over the next ten years. Additionally, in the upcoming years, the populace will have economic prospects in logistics owing to initiatives like the RESPOND Project and PCCP Project.

Increasing Inflow of Investments: The logistics market in the Philippines is highly fragmented, with both domestic and international companies present. Royal Cargo, 2Go Logistics, Fastcargo Logistics, Nippon Express, W Express (DHL), and others are among them. A significant trend that is expected to drive market growth is that warehousing players are constructing warehouses closer to the people to whom they deliver. This strategy is used to meet the demand for express deliveries. Furthermore, most companies will use modern technologies such as automated robots, cloud computing, and drones, which will increase the country's logistics competition scenario.

Analysts at Ken Research in their latest publication "Philippines Logistics Market Outlook to 2027F- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure" observed that Philippines Logistics Market is in a growing phase. Increased budget allocation for infrastructural development in the region by the government and technological development are some of the factors that will contribute to the Philippines Logistics market growth over the period of 2022P-2027F. It is expected that Philippines Logistics Market will grow at a CAGR of 8.2% for the above-forecasted period.

Key Segments Covered in the report:-

Philippines Logistic Market

Market Segmentation by Services

Freight Forwarding
Warehousing
CEP
Value Added Services

Philippines Freight Forwarding Market

By Mode of Freight

Sea freight
Road Freight
Air Freight

By Type of Freight

International Freight
Domestic Freight

Philippines Warehousing Market

By Type of Warehouses

Industrial Freight/Retail
Container Freight/ICD
Cold storage
Agriculture and Others

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Philippines Cold Chain Market

By Type

Cold Storage
Cold Transport

Cold Storage Market

By Temperature Range

Frozen
Chillers
Ambient

By Automation

Automated Pallets
Non-Automated Pallets

By Major Cities

Metro Manila
Cebu
Mindanao
Other

Cold Transport Market

By Truck Type

Reefer Vans/Trucks (1 to 10 Tons)
20-foot reefers (10 - 20 Tons)
40-foot reefers and others (more than 20 tons)

By Mode of Transportation

Land
Sea
Air

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By Location

Domestic
International

By Vicinity

Inter-city
Intra-city

Philippines Express Logistics Market

By Location

Domestic
International

By Vicinity

Inter-city
Intra-city

By End Users

Food and Beverage
Textile and Footwear
Pharmaceuticals
Electronics
Chemicals
Others

Key Target Audience

Total Logistics Companies
Contract Logistics Providers
E-commerce Companies
Third-Party Logistic Providers
Potential Market Entrants
Freight Forwarding Companies
Warehousing Companies
Cold Storage Companies
Industry Associations
Consulting Agencies
Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022
Base Period: 2022
Forecast Period: 2022-2027F

Companies Covered:-

Philippines Logistics Market Companies:-

Royal Cargo
W Express (DHL)
2Go Logistics
Yusen Logistics
AAI Logistics
FSTA Trucking
Inland Logistics
Chelsea Logistics
RLH Trucking
Airspeed
Agility
LF Logistics
Rhenus Logistics
Fastcargo Logistics

Philippines Warehousing Market Companies:-

Fastcargo Logistics
LF Logistics
Royal Cargo
2Go Logistics
Nippon Express
Mets Logistics
Expeditors
Kintetsu World Express
Agility
AAI Logistics
Orient Freight International Inc
AGX Logistics
KB1 Logistics

Key Topics Covered in the Report:-

Infrastructure Overview of the Philippines
Philippines Logistics Market, 2017 – 2027F
Ecosystem- Philippines Logistics Market
Philippines Logistics Market Size, 2017-2022P
Philippines Logistics Market Size, 2017-2022P
Regulatory Landscape for Philippines Logistics Market
SWOT Analysis of Philippines Logistics Market
Growth Drivers for Philippines Logistics Market
Challenges in Philippines Logistics Industry
Impact of Covid-19 on Philippines Logistics Market
Philippines Logistics Future Market Size, 2022P-2027F
Philippines Freight Market Executive Summary
Industry Ecosystem and Value Chain Analysis of Philippines Freight Market
Philippines Freight Market Size, 2017-2022P
Philippines Warehousing Market Executive Summary
Business cycle and Genesis of Philippines Warehousing Market
Philippines Warehousing Market Overview, 2017-2022P
Philippines Cold Chain Market Executive Summary
Business Cycle of Philippines Cold Chain Market
Philippines Cold Chain Market Size, 2017-2022P
Philippines Cold Chain Market by Cold Storage and Cold Transport, 2017-2022P
Market Sizing Analysis of Philippines CEP Market, 2017-2022P
Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
Philippines E-commerce Market Overview, 2017-2022P
Future Market Sizing Analysis of Philippines CEP Market, 2022P-2027F
Philippines Logistics Industry Segmentation by End Users
Competitive Scenario of Logistics Players in Philippines
Analyst Recommendation

For more insights on the market intelligence, refer to below link:-

Philippines Logistics Industry

Related Reports by Ken Research:-

USA Logistics Industry Outlook to 2026: "Driven by Government support, E-commerce demand and infrastructure investment in the country

The market size on the basis of revenue is expected to grow tremendously from 2021 to 2026. The escalating demand for retail logistics across the U.S. due to the pandemic is expected to propel market growth in the forthcoming years. A retail logistics company provides services, including inventory management, packaging, cross-docking, and door-to-door delivery. The rapid growth of the global e-commerce sector and the development of new technologies drive the demand for logistics services. The end-use industries and manufacturers generally lack the internal control needed for addressing logistics issues. Such factors have provided a boost to the growth of the logistics industry.

Malaysia Logistics Market Outlook to 2027F- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure

According to Ken Research estimates, the Malaysia logistics Market – which grew from approximately RM 165 Bn in 2017 to approximately RM 230 Bn in 2022 – is forecasted to grow further into RM 370 Bn opportunity by 2027F, owing to the Increasing demand for food, beverages and manufacturing products in Malaysia. Malaysia has over 100 airfields in the country; however, six international and 16 major domestic airports excel in providing logistic and passenger capacity. In Malaysia, inland ports play an important role in the freight transport system by acting as gateways of trade in Malaysia to manufacturers and producers.

Netherlands Logistics Market Outlook to 2027F- Segmented by Type of End Users by revenue (Food and Beverage, Industrial & Construction, Retail, Automotive and Engineering, and Others), Type of Warehousing Space (Tech/ Non-Tech, Organized/ Unorganized, and Racked/ Unracked), Type of Domestic/ Inte

According to Ken Research estimates, the Netherlands Logistics Market grew from approximately EUR ~ Bn in 2017 to approximately EUR ~ Bn in 2022 and is forecasted to grow further into EUR ~ Bn opportunity by 2027F, owing to its strategic location, good transport infrastructure and the initiatives taken by the government. The Dutch supply chain industry plays an important role in the country's trade and is one of Europe's most established industries, with the greatest supply chain providers (LSPs) that offer the greatest logistic supply chain.

The country acts as a hub for foreign-owned distribution and logistics businesses. It acts as an entry point to Europe and is home to numerous European and geographic distribution centers in a variety of industries such as agriculture, style, and medical technology. The presence of two main ports (Schiphol Airport, and Rotterdam port) and the relationship between them, provide a unique opportunity for the logistics sectors of The Netherlands.

Thailand E-Commerce Logistics Market Outlook 2026F- Driven by Change in Consumption Pattern of Consumers, Government Initiatives and Innovation of Advanced Technologies

According to Ken Research estimates, the Thailand E-Commerce Logistics Market– E-Commerce Orders and Deliveries are growing at a CAGR of 9.5% (2021-2026F) with Increasing Number of online shoppers and entrance of major retailers in Thailand. Technology will have a huge role to play in the sector as applications. AI and a horde of other devices like drones, electric vehicles, automated systems, high-tech security and efficient management systems have made the processes much easier for logistics companies as well as their clients.

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SOURCE Ken Research