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Southeast Asia Third Party Logistics Market – Industry Trends and Forecast to 2030

Automotive

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Southeast Asia Third Party Logistics Market – Industry Trends and Forecast to 2030

  • Automotive
  • Upcoming Report
  • Oct 2023
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Southeast Asia Third Party Logistics Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1,196.51 Million
Diagram Market Size (Forecast Year) USD 1,794.91 Million
Diagram CAGR %

Major Markets Players

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Southeast Asia Third Party Logistics Market, By Service (International Transportation Management (ITM), Domestic Transportation Management (DTM), Warehousing, Fulfilment and Distribution (WandD), Dedicated Contract Carriage (DCC)/ Freight Forwarders, Value-Added Logistics Services (VALS)), Product ((Air Freight, Ocean Freight, Land Transport, Contract Logistics), Providers (Companies Integrating and Offering Subcontracted Logistics, Courier Companies, Small Freight Forwarders, Transportation Services), Application (Shipping, Receiving, Returns, Picking), Business Type (B2C, B2B), Function (Supply Chain Management, Customer Management, In-Store Operations, Strategy and Planning, Merchandising), Vertical (Retail and E-Commerce, Healthcare, Automotive, Manufacturing, Aerospace and Defense, Consumer Electronics, Semicon/Solar and Others - Industry Trends and Forecast to 2030.

Southeast Asia Third Party Logistics Market Analysis and Size

The domestic transportation management (DTM) segment of the Southeast Asia third party logistics market due increase in trade movement from unloading docks to warehouse rising carrier rates, a rise in cross-docking services attract market player attention towards DTM services.

Data Bridge Market Research analyses that the Southeast Asia third party logistics market which was USD 1,196.51 million in 2022, would rocket up to USD 1,794.91 million by 2030, and is expected to undergo a CAGR of 5.20% during the forecast period. 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 includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Southeast Asia Third Party Logistics Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Service (International Transportation Management (ITM), Domestic Transportation Management (DTM), Warehousing, Fulfilment and Distribution (WandD), Dedicated Contract Carriage (DCC)/ Freight Forwarders, Value-Added Logistics Services (VALS)), Product ((Air Freight, Ocean Freight, Land Transport, Contract Logistics), Providers (Companies Integrating and Offering Subcontracted Logistics, Courier Companies, Small Freight Forwarders, Transportation Services), Application (Shipping, Receiving, Returns, Picking), Business Type (B2C, B2B), Function (Supply Chain Management, Customer Management, In-Store Operations, Strategy and Planning, Merchandising), Vertical (Retail and E-Commerce, Healthcare, Automotive, Manufacturing, Aerospace and Defense, Consumer Electronics, Semicon/Solar and Others)

Countries Covered

Singapore, Vietnam, Malaysia, Thailand, Indonesia, Philippines, Myanmar, Cambodia, Laos, Rest of Southeast Asia

Market Players Covered

United Parcel Service of America, Inc. (U.S.), DHL International GmbH (Germany), FedEx (U.S.), XPO Logistics, Inc (U.S.), Kuehne+Nagel (Switzerland), Schenker AG (Germany), DSV (Denmark), Expeditors International of Washington, Inc. (U.S.), 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), and Lalamove (Malaysia), among others

Market Opportunities

  • Pooled warehousing
  • Increase of transportation and warehousing services provided by third party logistics

Market Definition

Third-party logistics, often abbreviated as 3PL, involves outsourcing various operational aspects of logistics and supply chain management to external service providers. These services are designed to help businesses streamline their logistics operations, reduce costs, and improve efficiency, allowing them to focus on their core business activities.

Southeast Asia Third Party Logistics Market Dynamics

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 and 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.

Opportunities

  • Pooled Warehousing

It is an emerging opportunity in the third party logistics market. This model allows business to share wharehouseing space and reduse the costs and improving their competitiveness.

  • Increase of Transportation and Warehousing Services Provided by Third Party Logistics

The growing demand for transportation and warehousing services offered by third-party logistics providers in Southeast Asia is creating lucrative opportunities for the market, as businesses seek cost-effective and efficient solutions to streamline their supply chains.

Restraints/Challenges

  • Less interaction Within the Transit Lot of Products

As per requirement 3PL operaters pick up the packages and initiates shipping and inventory management operations. Although manufactuurers tends to lose control the supply chain management of their products. The interation on unknown third party supplier with the products of the company may restrict certain manufacturing from using third party logistics services.

  • Lack of Infrastructure

One of the major obstacles confronting the logistics sector in Southeast Asia is the deficient infrastructure, characterized by subpar road networks, insufficient ports, and constrained air transport capabilities. This infrastructure deficit hinders logistics firms in effectively and punctually delivering goods, resulting in elevated expenses and shipment delays.

This Southeast Asia third party logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In January 2021, Nippon Express Co., Ltd. announced that they signed a Memorandum of Understanding (MoU) with Jointown Pharmaceutical Group Logistics Co., Ltd. which is a major Chinese pharmaceutical distributor/wholesaler. This has enabled them to further expand their business as well as gain a greater market share

Southeast Asia Third Party Logistics Market Scope

The Southeast Asia third party logistics market is segmented on the basis of service, product, providers, application, business type, function, and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service

  • International Transportation Management (ITM)
  • Domestic Transportation Management (DTM)
  • Warehousing
  • Fulfilment and Distribution (WandD)
  • Dedicated Contract Carriage (DCC)/ Freight Forwarders
  • Value-Added Logistics Services (VALS)

Product

  • Air Freight
  • Ocean Freight
  • Land Transport
  • Contract Logistics

Providers

  • Companies Integrating and Offering Subcontracted Logistics
  • Courier Companies
  • Small Freight Forwarders
  • Transportation Services

Application

  • Shipping
  • Receiving
  • Returns
  • Picking

Business Type

  • B2C
  • B2B

Function

  • Supply Chain Management
  • Customer Management
  • In-Store Operations
  • Strategy and Planning
  • Merchandising

Vertical

  • Retail and E-Commerce
  • Healthcare
  • Automotive
  • Manufacturing
  • Aerospace and Defense
  • Consumer Electronics
  • Semicon/Solar
  • Others

Southeast Asia Third Party Logistics Market Region Analysis/Insights

The Southeast Asia third party logistics market is analyzed and market size insights and trends are provided by service, product, providers, application, business type, function, and vertical as referenced above.

The regions covered in the Southeast Asia third party logistics market are Southeast Asia. The countries covered in the Southeast Asia are Singapore, Vietnam, Malaysia, Thailand, Indonesia, Philippines, Myanmar, Cambodia, Laos, and Rest of Southeast Asia.

Singapore dominates the third party logistics market due large number of ports and companies offering services in retail as well as online shopping for air freight segment which is driving the demand for third party logistics. Vietnam is expected to hold second position in the Southeast Asia third party logistics market due to rising industrialization and demand of reverse logistics for air freight segment.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Southeast Asia Third Party Logistics Market Share Analysis

The Southeast Asia third party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Southeast Asia third party logistics market.

Some of the major players operating in the Southeast Asia third party logistics market are:

  • United Parcel Service of America, Inc. (U.S.)
  • DHL International GmbH (Germany)
  • FedEx (U.S.)
  • XPO Logistics, Inc (U.S.)
  • Kuehne+Nagel (Switzerland)
  • Schenker AG (Germany)
  • DSV (Denmark)
  • Expeditors International of Washington, Inc. (U.S.)
  • C.H. Robinson Worldwide, Inc. (U.S.)
  • 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)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Southeast Asia third party logistics market size will be worth USD 1,794.91 million by 2030.
The growth rate of the Southeast Asia third party logistics market is 5.20% in the forecast period by 2030.
Emergence of e-commerce websites, sales of foreign goods & expansion of e-commerce sector are the growth drivers of the Southeast Asia third party logistics market.
Service, product, providers, application, business type, function, and vertical are the factors on which the Southeast Asia third party logistics market research is based.
Major companies in the Southeast Asia third party logistics market are United Parcel Service of America, Inc. (U.S.), DHL International GmbH (Germany), FedEx (U.S.), XPO Logistics, Inc (U.S.), Kuehne+Nagel (Switzerland), Schenker AG (Germany), DSV (Denmark), Expeditors International of Washington, Inc. (U.S.), 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), and Lalamove (Malaysia), among others
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