Philippines Freight & Logistics Market Study Market Trends, Analysis & Forecasts to 2023 – ResearchAndMarkets.com

17-Apr-2018 Intellasia | BusinessWire | 4:53 AM Print This Post

DUBLIN–(BUSINESS WIRE)–The “Philippines
Freight & Logistics Market Study – Market Trends, Analysis & Forecasts
to 2023″
report has been added to ResearchAndMarkets.com’s
offering.

The Philippine freight & logistics market is expected to reach a market
value of USD 60.22 billion by 2023.

The Philippine freight forwarding industry is highly fragmented. Despite
players being classified under one Pre-Shipment Inspection Certificate
(PSIC), overseeing agencies for different activities of the industry are
varied. For instance, sea freight forwarders are under the jurisdiction
of the Department of Trade and Industry Philippines (DTI), while
airfreight forwarders are under the Department of Transportation and
Communications (DOTC). Global players dominate the Philippine air
freight forwarding market. Moreover, the domestic inter-island freight
movement is quite low.

Growing demand for e-commerce and increased household spending is
expected to boost the demand for warehouses in the country. Several
industrial parks in Southern and Northern Luzon manufacture light items,
such as food and beverages, clothes, and packaging materials, and these
require storage facilities. More standard factory buildings are also
required to support the growth of the country’s export and import. The
recent warehouse acquisition of SBS Philippines, S&R Membership
Shopping, D&L, as well as the expansion of Lazada’s existing Laguna
warehouse is indicative of the surging demand for this industrial
segment.

The Philippine Coastal Storage and Pipeline Corporation (PCSPC) has
added an extra 540,000 barrel of storage at its facility in the Subic
Bay Freeport Zone. Three new 180,000 barrel fuel storage tanks and two
tank truck loading racks were added to the company’s facility.

Companies Mentioned

  • DB Schenker
  • DHL
  • Yusen Logistics
  • Sinotrans
  • Kerry Logistics network
  • 2GO
  • ICTSI
  • Ceva

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Dynamics

4. Philippine Freight & logistics Market Insights, by Mode of Freight
Transport Forecast

5. Philippine Freight & Logistics Market Insights, by Function Forecast

6. Philippine Freight & Logistics Market Insights, by End User Forecast

7. Key Company Players

8. Investment Outlook

9. Appendix

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/d2z4lw/philippines?w=4

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Related
Topics: Logistics

 


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