Philippines Logistics Market Outlook to 2024

The report titled “Philippines Logistics Market Outlook to 2024 – By Sea, Land, and Air Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), By End Users; By Cold chain market (Cold transportation and Cold storages)“ provides a comprehensive analysis on the status of the logistics sector in Philippines. The report covers various aspects including the current logistics scenario in Philippines, its components viz, freight transportation, warehousing, CEP, VAS, and cold chain industries, the issues and challenges, major growth drivers, investment in infrastructure, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

Philippines Logistics Market Overview and Size

Philippines Logistics Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, continued investment on building bridges, road congestion in metropolitan cities, and development of ports both by the government and with Public Private Partnerships. The influx of foreign players in the market in recent years, increasing consolidation, and investing in innovative technologies has stimulated the growth in the market.

Philippines Logistics Market Segmentation

Freight Transportation

Philippines’s freight forwarding market forms the largest part of logistics sector. The sector is dominated by sea freight both in terms of revenue & Volume as it is an import dependent country dependent on countries such as China, the United States, Japan, and Taiwan. It is followed by Road which only is only responsible for domestic transportation within the country due to its Archipelago location and is suffering from various challenges such as bad infrastructure and congestion on road.

Warehousing

Philippines’s warehousing market has shown steady growth over the last few years with many real estate developers entering in logistics market through Mergers & Acquisitions. The developers to earn an adequate IRR is moving out of metro manila due to less growth in warehousing rent in comparison to Land prices. Industrial Warehouses forms the largest share of the warehousing space in the country, with Grade A warehouse becoming the new benchmark for quality. The warehouses are mostly filled with Food & Beverage giving highest amount of revenue.

Cold Chain

The cold chain market in Philippines has shown a very big hike in 2019 primarily due to the investments in the pallet positions by almost every company in Philippines. Cold storage contributes the larger share of revenues with more captive warehouses in the country. Also, the cold stores are dominated by freezer/ chiller convertible pallets in comparison to ambient ones. Major end users of cold chain services in the country include frozen foods, meat and seafood industries. Majority of the cold storages are found in NCR Manila.

Competitive Landscape of Major Players Operating in the Philippines Logistics Market

The transportation and warehousing markets in Philippines are extremely fragmented in nature. Companies are focusing on investing in warehousing and cold chain services. The trucking and warehousing market is dominated by local domestic players who has large number of fleets and warehousing space providing competitive prices. The cold chain players are not charging premium for the addition in technological facilities to have a sustain clients.  Online demanding warehousing platforms such as Stowga are disrupting the space. The major players in the Philippines logistics market include Royal cargo, 2GO logistics, Fast cargo logistics, LF logistics, Chelsea logistics, Jentec Cold storages, Glacier Megafridge, PRC Food Logistics and many more.

Philippines Logistics Market Future Outlook & Projections

The logistics market in Philippines will be impacted by Covid in the country and is expected to revive back in 2021 with faster growth rate. The logistic space will experience increase in government projects for road infrastructure, increasing industrial output, and booming of e-commerce. New real estate players are expected to move in logistics space with new mergers and acquisition between the players. The growing demand of perishable products such as meat and seafood industries & agricultural output will increase the amount of cold chain facilities in Philippines. The companies will shift focus from price wars to better quality of services with technical innovations disrupting the competition space.

Key Segments Covered: -

Freight Forwarding Market

By Mode of Transportation

Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)

Sea Freight (Fleets, Volume, Average Distance, Price/ton/km and Revenue)

Air Freight (Volume, Average Distance, Price/ton/km and Revenue)

By Road transportation

Less than Truck load (Revenue and Volume)

Full truck load (Revenue and Volume)

Warehousing Market

By Business Model (Revenue, Price/sqm, warehousing space, Occupancy rate)

Industrial/Retail

CFS/ICD

Cold Storage

Agriculture

By Industrial warehouses (Revenues)

Grade A

Grade B

Grade C and others

By End Users (Revenues)

Food & Beverages

Textiles and Footwear

Chemicals

Pharmaceuticals and Medical consumables

Electronics

Others include agricultural products, frozen meat and more

Cold Chain Market

By Service

Cold Transportation (Revenues)

Cold Storage (Revenues, Number of Cold storages, Number of pallets, Price/ pallet/day, Occupancy rate)

By Mode of cold transportation

Road (Revenue, reefer trucks)

Air (Revenue)

Sea (Revenue)

Revenue by Temperature Range (Revenue, Price/pallet/day)

Freezers

Chillers

Ambient

By Regions (Number of Cold storages)

Ilocos

Cagayan Valley

Central Luzon

Calabarzon and Mimaropa

Bicol

Western Visayas

Central Visayas

Eastern Visayas

Zamboanga

Northern Mindanao

Davao

Soccsksargen

Caraga

NCR

By type of ownership (Number of cold stores)

Captive

Non captive

Companies Covered

Royal Cargo

W Express (DHL)

2GO logistics

Yusen logistics

AAI logistics

FSTA Trucking

Inland Logistics

Chelsea logistics

RLH Trucking

Cartrex trucking

2SL Services

Air speed

Orient Freight International

Ernest corporation

Cadano Cargo

Pambato

Truckmoto

Mercury Freight

All Transport Network

Legalas International

Mendonza

Agility

ISA Trucking

Asia world

Fast cargo logistics

Panalpina DSV

Rhenus logistics

Nippon Express

Kerry freight

Kintetsu

MMG Freight

Antrak logistics

PRC Food Logistics

Pacific Road link logistics

EVFTC transport

Igloo supply chain

Dinotrans Transport

Refrigerated Truck Door To Door Delivery

Jentec Cold Storage

Glacier Megafridge

Mets Logistics

ORCA Cold Chain Solutions

Big Blue Logistics

Royal Cargo

Vifel cold facility

Royale Cold Storage

Key Target Audience

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Logistics/Warehousing Companies

Real Estate Companies/ Industrial Developers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2020-2024F

Key Topics Covered in the Report: -

Philippines Logistics and Warehousing Market Introduction

Logistics Infrastructure

Cross Comparison of Logistics Performance in Different Countries (Philippines, Philippines, Vietnam, Indonesia and Australia)

Philippines Logistics and Warehousing Market Size

Philippines Logistics and Warehousing Market Segmentation

Philippines Logistics and Warehousing Market Future Outlook

Philippines Logistics and Warehousing Market Future Segmentation

Philippines Freight Transportation Market Size

Philippines Freight Transportation Market Segmentation

Philippines Freight Transportation Market Future Outlook

Philippines Freight Transportation Market Future Segmentation

Philippines Trucking market size

Philippines Trucking Market Segmentation

Philippines Trucking Market Future Outlook

Philippines Trucking Market Future Segmentation

Innovations in Transportation Market

Cost Component Analysis of Transportation

Philippines Warehousing Market Size

Philippines Warehousing Market Segmentation

Philippines Warehousing Market Future Outlook

Philippines Warehousing Market Future Segmentation

Innovations in Warehousing Market

Philippines Cold Chain Market Size

Philippines Cold Chain Market Segmentation

Philippines Cold Chain Market Future Outlook

Philippines Cold Chain Market Future Segmentation

Cost Component Analysis of Ambient warehousing

Innovations in Cold chain Market

Regulatory Environment

Issues and Challenges

For More Information ontheresearch report, refer to below link: -

Philippines Logistics Market Growth

Related Reports by Ken Research: -

India Logistics Market Outlook to FY24–Driven By Government Infrastructure Push, New Age Logistics Startups, And Technology Innovation

Philippines Cold Chain Market Outlook To 2025: Driven By Rising Processed Food Consumption Owing To Growing Millennial Population Albeit Infrastructure Challenges

Turkey Logistics And Warehousing Market Outlook To 2025 – By Domestic And International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight And Pipelines, Sea, Air And Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic And Cross Border E-Commerce Logistics