February 12, 2021
According to a recent study titled ‘Southeast Asia Third-Party Logistics Market Analysis, 2020’, available with Market Study Report LLC, Southeast Asia third-party logistics industry is slated to register 5% CAGR over 2020-2025.
As per the findings of the report, rising internet penetration, spike in the number of new start-ups with advanced technology in logistics sector, and escalating demand for warehouses are driving Southeast Asia third-party logistics market growth. Moreover, untapped e-commerce markets in the region is presenting new opportunities for businesses in this field. Besides, inflating middle-class population, growing trade activities, and surging demand for faster response to customer needs are supporting the industry growth.
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Elaborating on the end user spectrum, Southeast Asia third-party logistics market is categorized into healthcare, manufacturing, automotive, retail, consumer goods, and others. Of these, consumer goods segment held significant industry share in 2019, owing to rising disposable income in line with rapid economic progress in several nations. Moreover, robust growth of e-commerce sector, increasing adoption rate of debit/credit cards, followed by upsurge in foreign direct investments are contributing to the segmental expansion.
Apart from this, the research literature segments Southeast Asia third-party logistics industry into solution, mode, and country.
Based on the solution, the market is divided into warehousing & distribution, domestic transportation management, dedicated contract carriage, logistics software, and international transportation management. In terms of mode, the industry is classified into rail, air, road, and sea. Moving on, under the geographical bifurcation, Thailand, Indonesia, Vietnam, Philippines, Singapore, and Malaysia are the key nations covered in the document.
Key players influencing Southeast Asia third-party logistics market trends are Sinotrans Ltd., UPS, Geodis SA, DSV Panalpina A/S, DB Schenker, XPO Logistics, Inc., Kuehne + Nagel International AG, C.H. Robinson, Nippon Express Co., Ltd., and Deutsche Post AG.