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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
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.
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 in their latest publication 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.
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.
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.
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 .
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.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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