Being a proficient and all-inclusive Southeast Asia Third Party Logistics Market report puts a light on primary and secondary drivers, market share, leading segments, possible sales volume, and geographical analysis. This market research report is a significant source of information about the industry, important facts and figures, expert opinions, and the newest developments across the globe. This report has reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies.
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Southeast Asia Third Party Logistics Market was valued at USD 1137.37 million in 2021 and is expected to reach USD 1706.19 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. B2C accounts for the largest business type segment owing to the high purchase of personal use products among consumers. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Overview:
Third party logistics are services that allow outsourcing operational logistics for warehousing to deliver and ultimately enable to focus on the main core part of the business. Third-party logistics companies provide a varied number of services in regards to logistics of the supply chain which includes transportation, warehousing, picking and packing, inventory forecasting, order fulfilment and freight forwarding.
Some of the major players operating in third party logistics market are
United Parcel Service of America, Inc. (US)
DHL International GmbH (Germany)
FedEx (US)
XPO Logistics, Inc (US)
Kuehne+Nagel (Switzerland)
Schenker AG (Germany)
DSV (Denmark)
Expeditors International of Washington, Inc. (US)
C.H. Robinson Worldwide, Inc. (US)
Nippon Express Co., Ltd. (Japan)
Toll Holdings Limited (Japan)
CJ Logistics Corporation (South Korea)
Kintetsu World Express, Inc. (Japan)
Samudera Shipping Line Ltd (Singapore)
KERRY LOGISTICS NETWORK LIMITED (Hong Kong)
SINOTRANS Limited (China)
Hitachi Transport System, Ltd. (Japan)
Whitebox Singapore (Sinagapore)
International Press Softcom Limited (Singapore)
Lalamove (Malaysia)
Southeast Asia Third Party Logistics Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Emergence of E-Commerce Websites
The rise in the emergence of numerous e-commerce websites along with the availability of low-cost cargo acts as one of the major factors driving the third party logistics market. The increase in the prominence of C2C and B2C e-commerce websites rising the demand for domestic as well as international logistics has a positive impact on the market.
Sales of Foreign Goods
The surge in sales of foreign goods encouraging cross-border e-commerce activities accelerate the market growth. Also, the rise in the penetration of Internet of Things across the region making it feasible for consumers to purchase products online drives the market growth.
Expansion of E-Commerce Sector
The rise in e-commerce industry due to the increase in online purchase among consumers further influence the market. The increase in the popularity of e-commerce websites because of their fast delivery, door to door deliveries and high discounts assists in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the third party logistics market.
Opportunities
Furthermore, increase of transportation and warehousing services provided by third party logistics extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in logistics companies will further expand the market.
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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