Philippines Road Freight Market is expected to cross Php 200 Bn by 2024: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 62% drop in China Import Volumes from Feb 1 to 16th 2020 in comparison to 2019 and $ 300 Mn loss in Export Revenue to China, Thailand, and other countries due to COVID-19 will push the Road freight revenues to have negative growth rate in future. DPWH and DOTr have been allocated PhP 458.6 bn and PhP 55.5 billion respectively to improve road transport not only in major urban cities (i.e. Metro Manila and Metro Cebu), but as well as in other parts of the country such as Mindanao. Government Change in Regulations such as Restrictions on the age of trucks and truck ban on major routes applicable to Heavy-duty trucks will impact the Road freight market. Covid Impact on Trucking Industry in the Philippines: The Imports will fall from major trading countries such as China and Hong Kong affecting the road freight volumes transported from the port of Manila to other parts of The Philippines. The average freight rates will be the same and not fall due to the excise taxes in the Philippines. The trucking will see a negative growth rate in the year 2020 due to the complete lockdown and transportation of only essential commodities but is expected to revive back in 2021. Better Inter-Island Connectivity by Road: The government has added many smaller projects as a part of ‘Build Build Build’ Program keeping on hold the bigger projects such as linking brides for Luzon, Cebu & Visayas. More than 20 Projects out of 100 under the new list are public-private partnership (PPP) deals for Intra Island Connectivity funded by Big Companies such as San Miguel Corporation. Main exports include electronic and electrical equipment, electrical machines and apparatus, automatic data processing machine, diodes, transistors, electrical transformers, business services computers, and travel. Adoption of New Technology: Companies have started the adoption of new technologies such as Transport management Software, GPS for real-time tracking assuring transparency to their clients. Electronic vehicles that are already supported by the government for passenger movement can become a new normal for freight transportation also. Digital Freight brokerage platforms such as Transportify, Ezyhaul, Blackarrow, and many more are used by many companies for short and long hauls solving the problem of empty returns and maintaining their margins. These will become extremely popular in the next 3-5 years. Analysts at Ken Research in their latest publication “Philippines Road Freight Market Outlook to 2024 – Driven by Government Spending on Road Infrastructure and Technological Advancements” believe that the Road Freight Market in the Philippines is expected to grow due to entrance of private companies in the infrastructure development, Trade Agreements with countries such as China, Europe and more, growing Manufacturing industries and changes in freight laws as per the Road Transport Authorities. 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) By Type of Fleets (Number of Fleets) Reefer trucks Non reefer trucks Companies Covered Royal Cargo AAI logistics F2 logistics LF logistics Rhenus logistics Orient logistics 2GO logistics Kerry logistics RLH Trucking MMG logistics 2SL services Inland logistics A3 logistics Fast cargo Logistics Chelsea Logistics 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 – 2014-2019P 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, India, 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 Ecosystem Philippines Trucking Market Segmentation Philippines Trucking Market Future Outlook Philippines Trucking Market Future Segmentation Innovations in Transportation Market Cost Component in Philippines Road Freight Market Regulatory Environment Issues and Challenges For More Information on the research report, refer to below link: – Philippines Road Freight Industry Growth Related Reports by Ken Research: – Australia Logistics And Warehousing Market By Sector (Freight Forwarding, Warehousing, VAS), By Domestic & International Services – Outlook To 2021 Philippines Logistics And Warehousing Market Outlook To 2024 – By Freight Forwarding (Air, Sea, Land), Domestic And International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture And Others), Express And E-Commerce Logistics, Balikbayan Box, Third Party Logistics Indonesia Logistics and Warehousing Market Outlook to 2023 – Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 3PL Companies in Philippines, Courier Industry in the Philippines, COVID-19 Impact on Trucking Industry Philippines, COVID-19 Impect on Road Fright Philippines, Domestic Shipping Industry in the Philippines, E-Commerce Logistics Companies in Philippines, Freight Forwarding Companies in Philippines, Future of Philippines Road Freight Market, Hinaharap ng Pilipinas Road Freight Market, Laki ng Kargamento ng Daan ng Pilipinas, Mga Pinakamalaking Mga Player ng Pilipinas sa Freight Market, Pagbabahagi ng Market ng Freight Market ng Pilipinas, Paglago ng Pangangalakal ng Daan ng Pilipinas, Pagsusuri ng Market ng Freight Market ng Pilipinas, Philippine LTL Freight Market Rates, Philippines A3 logistics Market Analysis, Philippines AAI logistics Market Revenue, Philippines Air Freight Market, Philippines F2 logistics Market Outlook, Philippines Fast cargo Logistics Market Size, Philippines Freight & Logistics Market, Philippines Freight Forwarding Market, Philippines Freight Market Size, Philippines Freight Transport & Shipping Report, Philippines Freight Transportation Market, Philippines FTL Freight Market Rates, Philippines Inland logistics Industry Share, Philippines Kerry logistics Market Growth, Philippines LF logistics Market Future, Philippines Logistic Market cost, Philippines Logistics and Warehousing Industry, Philippines Logistics and Warehousing Market, Philippines Logistics Industry, Philippines Logistics Market Report, Philippines Non-Reefer trucks Market, Philippines Rail Freight Market, Philippines Reefer trucks Market Share, philippines road freight exports sizes, Philippines Road Freight FTK, Philippines Road Freight Industry, Philippines Road Freight Industry Growth, Philippines Road Freight Industry Research Report, Philippines Road Freight Market, Philippines Road Freight Market Analysis, Philippines Road Freight Market Major Players, Philippines Road Freight Market Outlook, Philippines Road freight Market Rates, Philippines Road Freight Market Research Report, Philippines Road Freight Market Revenue, Philippines Road Freight Market Segmentation, Philippines Road Freight Market Share, Philippines Road Freight Market Size, Philippines Royal Cargo Road Freight Market Share, Philippines Sea Freight Market, Philippines Temperature controlled Trucks, Philippines trucking cost, Philippines Trucking Industry, Philippines Trucking Market Future Outlook, Philippines Trucking Market Research Report, Pilipinas sa hinaharap na Market Trucking Market, Road Freight Industry in Philippines, Road Freight Market in Philippines, Total Registered trucks in Philippines, Trade and Transport in the Philippines, Trucking Industry in the Philippines, Trucking rates in Philippines, Ulat ng Pananaliksik sa Market ng Lungsod ng Pilipinas, Ulat sa Pananaliksik ng Industriya ng Freight ng Industriya ng Daan