Philippines Logistics Market Outlook to 2024 (Sixth Edition)– By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)

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The report titled “Philippines Logistics Market Outlook to 2024 – By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)“ provides a comprehensive analysis on the status of the logistics sector in the Philippines. The report covers various aspects including the current logistics scenario in the Philippines, its components viz, freight transportation, warehousing, CEP, VAS, and cold chain industries, the issues and challenges, major growth drivers, investment in infrastructure, tech disruptions and innovations, and competitive benchmarking. The report concludes with market projections for the future of the industry including forecasted industry size by revenue.

Philippines Logistics Market Overview and Size

Philippines Logistics Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, Investments in Bridges to promote Inter-island transportation through RORO, and development of ports both by the government and with Public-Private Partnerships. The Current logistics cost comprise 27.16 % of sales in the Philippines which is very high in comparison to other SEA countries. The influx of foreign players, increasing consolidation, Green freight policies by the Government, and investing in innovative technologies has stimulated the growth in the market.

Philippines Logistics Market Segmentation:

Freight Transportation

Philippines’ freight forwarding market forms the largest part of the logistics sector. The sector is dominated by sea freight both in terms of revenue & Volume as it is an import-dependent country dependent on countries such as China, the United States, Japan, and Taiwan. It is followed by Road which only is only responsible for domestic transportation within the country due to its Archipelago location and is suffering from various challenges such as bad infrastructure and congestion on road.

Warehousing

Philippines’s warehousing market has shown steady growth over the last few years with many real estate developers entering in logistics market through Mergers & Acquisitions. The developers to earn an adequate IRR is moving out of metro manila due to less growth in warehousing rent in comparison to Land prices. Industrial Warehouses form the largest share of the warehousing space in the country, with Grade A warehouse becoming the new benchmark for quality. The warehouses are mostly filled with Food & Beverage giving the highest amount of revenue.

Cold Chain 

The cold chain market in the Philippines has shown a very big hike in 2019 primarily due to the investments in the pallet positions by almost every company in the Philippines. Cold storage contributes to the larger share of revenues with more captive warehouses in the country. Also, the cold stores are dominated by freezer/ chiller convertible pallets in comparison to ambient ones. Major end-users of cold chain services in the country include frozen foods, meat, and seafood industries. The majority of the cold storages are found in NCR Manila.

Competitive Landscape of Major Players Operating in the Philippines Logistics Market

The transportation and warehousing markets in the Philippines are extremely fragmented in nature. Companies are focusing on investing in warehousing and cold chain services. The trucking and warehousing market is dominated by local domestic players who have a large number of fleets and warehousing space providing competitive prices. The cold chain players are not charging a premium for the addition in technological facilities to have sustained clients.  Online demanding warehousing platforms such as Stowga are disrupting the space. The major players in the Philippines logistics market include Royal cargo, 2GO Logistics, Fast cargo logistics, LF Logistics, Chelsea logistics, Jentec Cold storages, Glacier Megafridge, PRC Food Logistics, and many more.

Philippines Logistics Market Future Outlook & Projections:

The logistics market in the Philippines will be impacted by COVID in the country and is expected to revive back in 2021 with a faster growth rate. The logistic space will experience increase in government projects for road infrastructure, increasing industrial output, and booming of e-commerce. New real estate players are expected to move in logistics space with new mergers and acquisitions between the players. The growing demand for perishable products such as meat and seafood industries & agricultural output will increase the amount of cold chain facilities in the Philippines. The companies will shift focus from price wars to a better quality of services with technical innovations disrupting the competition space.

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 Truckload ( 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

Transportation and warehousing Companies

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

Cold chain Companies

Royal Cargo

2GO logistics

FSTA Trucking

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

Vifel cold facility

Royale Cold Storage

RLH trucking

Inland logistics

Sky freight forwarders

Yusen logistics

GAC

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 and Segmentation

Philippines Logistics and Warehousing Market Future size and Segmentation

Philippines Freight Transportation Market Size and Segmentation

Philippines Freight Transportation Market Future size and Segmentation

Philippines Trucking  market Size and Segmentation

Philippines Trucking Market Future and Segmentation

Cost Component Analysis of Transportation

Philippines Warehousing Market Size and Segmentation

Philippines Warehousing Market Future Outlook and Segmentation

Philippines Cold Chain Market Size and Segmentation

Philippines Cold Chain Market Future and Segmentation

Cost Component Analysis of Ambient warehousing

End-User Analysis and pain points of the End-user Industry

Innovations in the logistics market

Regulatory Environment

Issues and Challenges