Philippines Road Freight Market Outlook to 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 The report titled “Philippines Road Freight Market Outlook to 2024 – Driven by Government Spending on Road Infrastructure and Technological Advancements” provides a comprehensive analysis of 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, and VAS. The report especially focuses on Road freight market highlighting its 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 Road freight market including forecasted industry size by revenue and Volume. Philippines Logistics Market Overview and Size: Philippines Logistics Sector has witnessed a robust CAGR with highest share to freight forwarding Market followed by Warehousing, Courier parcel and Express market and VAS Market. Sea and Road are dominant modes of transportation with road transportation only possible domestically due to its Archipelago location. Many real estate developers such as Metro pacific, Ayalaland, Filinvest, and SM Corporation are entering in the warehousing market through Mergers & Acquisitions. With the help of infrastructural developments, the LPI index of the Philippines reached 60 in 2018. Competence and quality of logistics services also saw an increase from the 77th position (2016) to the 69th position (2018). Philippines Road Freight Market Overview and Size: Philippines Road Freight Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, continued investment on building bridges, road congestion in metropolitan cities, and development of ports both by the government and with Public Private Partnerships. The influx of foreign players in the market in recent years, increasing consolidation, and investing in innovative technologies has stimulated growth in the market. Philippines road freight market has been dominated by Medium Fleet Owners with around 45-50% of Fleets. Freight rates usually remain high during the festive season in September, October, November, and December with WAFC being PHP 7.5 /tonnes/km, 2019. The business flow and corridors are shifting in road freight market of Philippines. Shift towards the Ro-Ro facilities from containerized transportation of goods; helps in reducing freight time with cost reduction by 30%. Philippines Road Freight Market Segmentation Road Freight Market Segmentation by LTL and FTL The Road freight market is dominated by LTL by revenues and by Volume. The average freight cost charged for LTL is higher than FTL due to additional risk in carrying multiple loads, higher insurance costs, and more. Transportation rates are high which enables small companies to charge less and win projects even via substandard services. Generally, the LTL freight prices are 15-20% higher than FTL rates due to less volume and more risk involved. Emerging technologies such as GPS tracking on LTL freight is transforming the segment to ensure more reliability and efficiency. Road Freight Market Segmentation by type of trucks The Country is dominated by Non-reefer trucks in comparison to reefer trucks. The ratio of reefer and non-reefer trucks is around 2:5. The reefer trucks are expected to increase in future due to more companies providing these facilities. Competitive Landscape of Major Players Operating in the Philippines Road Market The Trucking industry in Philippines is extremely fragmented in nature. The trucking industry is dominated by local domestic players who has large number of fleets and warehousing space providing competitive prices. The Road freight players are providing Value added services such as Kitting, Assembling, packing and other which are very important in road freight market. Online platforms such as Lalamove, Ezyhaul, Transpotify and many more are disrupting the logistics space. The major players in the Philippines Road freight market include Royal Cargo, AAI logistics, F2 logistics, LF logistics, 2GO Logistics, Kerry Logistics and many more. Philippines Road Freight Market Future Outlook & Projections: The Trucking Industry in Philippines will be impacted by COVID in the country and is expected to revive back in 2021 with faster growth rate. The Road freight market will experience increase in government projects for road infrastructure, increasing industrial output, and booming of e-commerce. The growing demand of perishable products such as meat and seafood industries & agricultural output will increase the cold transportation facilities in Philippines. The companies will shift focus from price wars to better quality of services with technical innovations such as E vehicles, Fleet Management Software and more 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 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 Impect on Road Fright Philippines, COVID-19 Impect on Trucking Industry 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, Industriya ng Daan sa Daan sa Pilipinas, Laki ng Kargamento ng Daan ng Pilipinas, Market Freight Market sa 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 Makret 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 Orient logistics Market Competitors, Philippines Rail Freight Market, Philippines Reefer trucks Market Share, 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 Forecast, 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 Road Fright Exports Size, Philippines Royal Cargo Road Fright 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