Future of Philippines Logistics Market Growth: 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 How Is the Philippines Logistics Market Positioned? Overview: Philippine is an Import oriented country that comprises 7000 Islands and is dominated by sea freight due to archipelago geography. The operations of the whole country are highly cantered in Luzon Island with major congestion at Manila Ports, working with almost 90% capacity in comparison to the ideal capacity of 75%. Due to high growth in the manufacturing and industrial sector, players have begun turning to 3PL (Third Party Logistics) for warehousing and distribution to focus on their core business activities. The government is improving its Cold chain facilities and heavily investing in road infrastructure and new ports using Public-private partnerships to reduce congestion. Market: The logistics market has seen significant growth in the last few years, recording a CAGR of ~% during 2014-2019 primarily due to increasing infrastructure investment, e-commerce, and cold chain facilities in the Philippines. The Logistics sector performance is still not very good in comparison to other South Asian countries such as Indonesia and Thailand but has improved in the past 5 years, currently holding 60th rank in 2018 according to the World Bank. The freight forwarding sector is the leading segment towards the revenues of the logistics industry, followed by warehousing and courier & parcel activities. The other sectors include value-added services, e-commerce deliveries, and the 3PL market. Philippines Logistics and Warehousing Market By Service Mix: Freight forwarding segment has dominated the logistics industry of the Philippines and has grown at a five-year CAGR of ~% during the period 2014-2019P. The market was witnessed to grow from PHP ~ Million in 2014 to PHP ~ Million in 2019P. This is primarily due to infrastructural investments, increasing foreign trade, increasing export, and imports by the sea which has positively impacted the freight forwarding industry of the country. The demand for cold storages is increasing in Manila and Other islands due to the rising demand for meat, seafood, and other perishable products. The warehousing sector is even expected to boost by e-commerce companies opening their fulfilment centres across the Philippines. Courier Express and Parcel market acquired a revenue share of ~% in 2019E which was an increment from 2014. VAS is being popular with all companies providing VAS as part of their service portfolio to give all possible services to their clients under one roof. Philippines Freight Forwarding Market Segmentation By Mode of Service: Philippines freight forwarding market was dominated by sea freight in terms of revenue and volume due to its archipelago geography and it is an import driven economy. It is followed by road freight which is facing a lot of challenges due to Congestion and bad road infrastructure. By Road Freight: The road freight is only done domestically due to its geography. The movement is done by RORO between Inter Island and Intra Island by road. The number of trucks is increasing at ~ rate between 2014-2019P. The average freight rate is one of the highest among Southeast Asian Countries. By FTL/LTL: Majority of the Volume transported by the road is done on LTL basis by Revenue and Volume with Average prices charged in case of LTL is ~% higher than FTL basis. Cost Component analysis: Out of the total operating cost, ~ % is held by Fuel, ~% is held by salary and ~% by Toll earning ~% margin by trucking companies. Philippines Warehousing Market Segmentation By Business Model: The industrial and retail warehouses dominated the overall Philippines warehousing market with area share of ~%, with average price ~ and occupancy rate of ~ in 2019. This is primarily due to increasing Industrial parks and real estate developers’ investments in logistics space. This is followed by ICD’s /CFS near the ports. By End Users: The major end-users of warehousing services in the Philippines include Food and Beverages which provides maximum revenue. The pharmaceutical companies generally prefer their own warehouses due to the extra precaution’s measures needed. Industrial Warehouses by Grade A, Grade B, and Grade C Warehouses: Grade A warehouses accounted for ~% of the total industrial warehouses and Grade B accounts for the ~% with remaining ~% Grade C warehouses. Philippines is seeing an increasing demand for Grade A warehouses in the country. Philippines Cold Chain Market The overall revenue generated by the Cold Chain Market has increased from PHP ~ Billion in 2014 to PHP ~ Billion in 2019 at a positive CAGR of ~%during the period. By Service: The majority of revenue is done by Cold storages and contributes ~% revenue with the number of reefer trucks increasing every year. Cold Storage by Temperature: Freezers- chillers convertible pallets dominated the revenue in the cold storage market, both in terms of number of pallets as well as Revenue Cold Storage by Ownership: Almost ~% of the warehouses are captive owned by food and beverage companies and ~% warehouses are held by Non-Captive warehouses. Cold storages by region: Majority of cold storages are in Metro Manila due to the very high population and presence of more companies. Competitive Scenario in Philippines Logistics and Warehousing Market The logistics and warehousing market in Philippines are highly fragmented in nature. Companies are focusing on providing value-added services along with trucking and warehousing. Trucking, warehousing and cold chain market are dominated by Domestic companies. The major players in the Philippines logistics and warehousing market are Royal Cargo, W Express (DHL), 2GO Logistics, Yusen Logistics, AAI logistics, FSTA Trucking, LF Logistics, Fast cargo logistics, and many more. The parameters at which the companies are competing are Pricing, Location, fleet size, and Warehousing space, Additional services such as kitting, assembling, labelling etc and technological advancements. Philippines Logistics and Warehousing Future Outlook and Projections Philippines Logistics and Warehousing Market is expected to rise at a CAGR of ~% during 2019-2024F. The logistics and warehousing are expected to rise from ~ PHP Million in 2019 to ~ PHP Million in 2024. The Logistics is expected to increase in the future with the rising e-commerce market due to online payment options. The government is even investing in building bridges using PPP projects aimed at reducing congestion in metropolitan cities. The cold storages are expected to increase due to the high consumption of meat and seafood products in the Philippines. COVID-19 will have a significant impact on the logistics sector but is expected to revive back by 2021. Trucking Aggregators, innovations such as AI, Electric cars, ASRS and more will soon revolutionize the logistics space in the future. 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) 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 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 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 Royal Cargo Vifel cold facility Royale Cold Storage 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 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 Market Segmentation Philippines Trucking Market Future Outlook Philippines Trucking Market Future Segmentation Innovations in Transportation Market For More Information on the research report, refer to below link: – Philippines Logistics Market Growth Related Reports by Ken Research: – India Logistics Market Outlook to FY24–Driven By Government Infrastructure Push, New Age Logistics Startups, And Technology Innovation Philippines Cold Chain Market Outlook To 2025: Driven By Rising Processed Food Consumption Owing To Growing Millennial Population Albeit Infrastructure Challenges Turkey Logistics And Warehousing Market Outlook To 2025 – By Domestic And International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight And Pipelines, Sea, Air And Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic And Cross Border E-Commerce Logistics Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 2GO logistics Market in Philippines, 2SL Services Transportation Market Analysis, 3PL Companies in Philippines, Central Luzon Cold storages Market, COVID-19 Impact on Philippines Logistics Market, COVID-19 slump in Philippines Trucking Industry, E-Commerce Logistics Companies in Philippines, End Users of Trucking in Philippines, Future of Philippines Logistics Market, Logistics Industry Philippines, Logistics Market Philippines, Number of Cold Storages in Philippines, Philippines Air Freight Forwarding Market, Philippines Captive Cold Stores Market, Philippines Cold Chain Market Future, Philippines cold stores Market Size, Philippines E-Commerce Market, Philippines Freight Transportation Market, 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