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(Transportation-News.com, July 29, 2016 ) 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.
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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
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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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