Philippines Logistics Market Outlook to 2020
17, 2016 /PRNewswire/ —
The report titled “Philippines Logistics Market Outlook to 2020 -Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwarding” provides a comprehensive analysis of logistics market in Philippines. The report covers various aspects such as market size (transaction volume, revenue generated, cargo handled) of logistic market, domestic and international express delivery, third party logistics, e-commerce logistics, Filipino Freight Forwarding and Balikbayan Box Market. The report also provides competitive landscape and profiles of major players operating in Logistic market of Philippines.
The future analysis of overall Philippines Logistic market and by segments has also been discussed in each of the sub segment. The report is useful for domestic and International logistic players, e-commerce logistics companies, freight forwarding companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the Logistic industry.
Philippines Logistics Market
Philippines logistics market has evolved in recent years with the rising globalization which is one of the key driving factors responsible for the growth of logistics market. The total logistics market recorded transaction volume worth USD ~ million in 2015 which grew from USD ~ million in 2010.
The third party logistics market in the Philippines has observed an increase in revenues from USD ~ million in 2010 to USD ~ million in the year 2015 at a CAGR of ~ during 2010-15. The strong economic growth in the country has driven the logistics sector thereby leading to an increased demand of efficient distribution channels in the country. The growth of export and import activities in the Philippines has significantly contributed to the growth of logistics market.
The key service offered by the logistics service providers in the Philippines included the movement of documents, parcels, freight within a definite transit time. Philippines logistics market is segmented by industry type and includes freight transport by road, sea and air, storage and warehousing, and value added services. The logistics market in the country was largely dominated by road freight forwarding industry in 2015. Freight transport by road has been mainly utilized for domestic transport of goods and commodities by various industry sectors in the Philippines.
The total revenue generated by the Philippines sea freight forwarding market in 2015 was USD ~million.
The market has grown at a CAGR of ~% during 2010-2015.
The sea freight market held a share of ~% in the logistics market in the Philippines during 2015.