Contract Logistics Market in Philippines 2015-2019
Market outlook of contract logistics in the Philippines
This market is expected to grow at a steady rate during the forecast period. Its growth is attributed to the high demand for electronic and hardware products in the Philippines market. The contract logistics market in the Philippines by transportation was valued at close to USD 269 million in 2014.
The key international player in the contract Logistics market in the Philippines are DHL, FedEx, UPS, and Forex Cargo. Upcoming trends such as growth in international trade and an increase in e-commerce activity in the country is likely to increase shipments for logistics service providers in the Philippines market.
Market segmentation by services outsourced
Transportation Warehousing and distribution Other services The transportation segment is growing rapidly, and it is expected to dominate the market through 2019. This segment includes different modes of transportation services such as ground, ocean, air, and rail. By 2019, the transportation segment is expected to account for a share of close to 37% of this market.
Leading vendor analysis for the contract logistics market in the Philippines
2GO Group Kuehne + Nagel International Lorenzo Shipping UPS Other prominent vendors in the contract logistics market in the Philippines
Agility ASL Logistics C.H. Robinson CEVA DB Schenker Kintetsu LBC Express LF Logistics Logwin Nippon Express NYK Panalpina Sinotrans Toll Holdings These vendors compete in terms of price, delivery speed, reliability, and supply chain capacity. The element that provides a competitive edge in the market is the value added service (VAS) provided by vendors. Advances in logistics processes through the incorporation of IT will help vendors increase the efficiency and effectiveness of the services in the future.
Key questions answered in the report
What are the key factors driving the contract logistics market in the Philippines What are the key market trends impacting the growth of the contract logistics market in the Philippines What are the various opportunities and threats faced by the vendors in the contract logistics market in the Philippines
Key outcome of the five forces analysis on the contract logistics market in the Philippines Growth forecast of the contract logistics market in the Philippines Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report – Contract Logistics Market in Philippines 2015-2019
Technavio recognizes the following companies as the key players in the Contract Logistics Market in Philippines: Agility, ASL Logistics, C.H. Robinson, CEVA, DB Schenker, Kintetsu, LBC Express, LF Logistics, Logwin, Nippon Express, NYK, Panalpina, Sinotrans and Toll Holdings
Commenting on the report, an analyst from Technavio’s team said: “The rise in international trade volume is one such trend that will enable companies to expand their global customer base and their portfolio of products, solutions, and services. In addition, the increased demand for specialized logistics services provided by 3PL providers is another major trend that will propel the demand for 3PL services in the Philippines market during the forecast period.”
According to the report, one of the main drivers in this market is the increased demand for electronic products such as smartphones, tablets, and handsets. Manufacturing of electronics products in the Philippines market provides low labor and procurement costs, which helps companies to increase their profit margins.
Further, the report states that the dearth of innovation is one of the major challenges in the contact logistics market in the Philippines.
Agility, ASL Logistics, C.H. Robinson, CEVA, DB Schenker, Kintetsu, LBC Express, LF Logistics, Logwin, Nippon Express, NYK, Panalpina, Sinotrans and Toll Holdings