Philippines Logistics and Warehousing Market is Expected to Reach Over PHP 970 Billion by the Year 2023: Ken Research

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Philippines logistics and warehousing market has evolved in recent years with increased trade activities in the country thereby, connecting different export and import markets of various countries across the world. Additionally, the industry is expected to be driven by the huge demand for logistics services by the industrial sectors such as automotive industry, electronic products, apparel and accessories, chemicals and pharmaceuticals.

The express delivery has simplified the process of transporting goods by allowing the sender to access the information from pick-up to delivery and also provides the proof of delivery. Philippines express logistics market is further anticipated to grow significantly over the forecast period owing to the rising demand of timely delivery of parcels and documents. The logistics companies are expected to invest on advanced technologies solutions such as autonomous logistics, real-time tracking, automation and robotics in order to provide an improved customer service. With the growing international trade, incorporation of advanced technology based solutions will help in an efficient delivery of products by the logistics providers.

The advent of an ASEAN Economic Community (AEC) will facilitate the entry of foreign logistics providers in the near future. In addition, it will compel domestic freight forwarders to become competitive. Furthermore, these logistics companies may enter into joint venture agreements with foreign freight forwarders or accept equity investments from them. With adequate investments and the dense river network connecting Philippines with neighboring countries, Philippines could position as a transit country for Southeast Asia, thereby creating a positive impact on the country's freight forwarding segment.

Analysts at Ken Research in their latest publication "Philippines Logistics and Warehousing Market Outlookto 2023 - By Freight Forwarding, Warehousing, Express Logistics, E-commerce Logistics, Third Party Logistics, Balikbayan Box Segment" believe that expansion of network, advancement in technology, alternate route in case of congestion, improve service quality, imposition on truck bans and continued customs modernization will create a positive in the Philippines logistics and warehousing market. The Filipino market is expected to register a positive CAGR of 8.8% during the forecast period 2018E-2023E. The market is further expected to be driven by expanding industrial activities, growing E-commerce industry, upcoming infrastructure in the country & continuous investment by the government in development of logistics infrastructure and consistent economic growth.

Keywords 

Key Segments Covered 

Logistics and Warehousing Market  

Freight Forwarding 

Warehousing 

Express Delivery 

E-Commerce Logistics  

3PL Market 

Philippines Balikbayan Box Market  

Key Target Audience 

Time Period Captured in the Report: 

2012-2017 - Historical Period

2018-2023 - Future Forecast

Companies Covered: 

For more information on the research report, refer to below link: 

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market-outlook-2023/154992-100.html

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Ankur Gupta
Head Marketing
Ken Research Private Limited
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