South East Asia Third Party Logistics market is expected to grow from US$ 36.4 Bn in 2017 to US$ 55.7 Bn by 2025 at a CAGR of 5.5% between 2018 and 2025.
Third-party logistics market is experiencing a high growth throughout the globe, driven by growth in manufacturing, automotive, e-commerce, and other industries. As these industries require proper transportation, warehouse, packaging & labeling, inventory management, freight forwarding, and many more services to ensure on-time delivery of goods and services. Therefore, the scope for third-party logistics service providers is gaining a high momentum among diversified industries to help the companies in achieving their predetermined goal. The rise in demand for reducing overall operational cost & focus on managing timely delivery, increase in focus of manufacturing companies on reducing assets & emphasize on core business, and benefits in managing seasonal variations of products are boosting the third-party logistics market over the years. These are some of the factors which help to drive the third-party logistics market during the forecast period.
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The report aims to provide an overview of South East Asia third-party logistics market with detailed market segmentation. Also, it analyzes the current market scenario of third-party logistics market and forecasts the market till 2025. The report covers market dynamics affecting the third-party logistics market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the third party logistics market with respect to South East Asia countries. The report also includes the detailed company profiles of the key players in the third party logistics market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
South East Asia experiences a high demand in the third-party logistics market which is contributing highest revenue due to the presence of a large number of players and industry verticals. Indonesia and Thailand are contributing towards a high share in third-party logistics market. Moreover, Vietnam is projected to be the fastest growing region in the third party logistics market. The South East Asian countries continue to be more competitive and consumer-focused which would result into increase in the expectations for better third-party logistics. The logistics services hold a crucial position in the entire supply chain, beginning from procurement of raw materials to last mile delivery to returns & replacement service, the companies rely completely upon third party logistics service providers for attainment of its financial goals, customer delivery commitments and securing its profit margins. Also, other factors such as continual urbanization, strong economic growth, the rise in industrialization, and growth in middle-class population supported the growth in domestic consumption of fast-moving consumer goods for everyday consumption, personal automobiles, household items, and luxury items. This, in turn, increases the retail sales and makes South East Asia a growing market for third-party logistics service consumer.
Some of the key players operating in the third party logistics market includes Deutsche Post AG, Nippon Express Co., Ltd., C.H. Robinson Worldwide, Inc., Kuehne + Nagel International AG, XPO Logistics, Inc., DB Schenker, DSV A/S, Geodis, Sinotrans Co., Ltd., and UPS Supply Chain Solutions among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mode of Transport, Services, End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
TABLE OF CONTENTS
1. INTRODUCTION 11
1.1 SCOPE OF THE STUDY 11
1.2 THE INSIGHT PARTNERS RESEARCH REPORTS GUIDANCE 11
2. KEY TAKEAWAYS 13
2.1 INDONESIA HOLDS THE LARGEST MARKET SHARE IN THIRD PARTY LOGISTICS MARKET IN 2017 13
2.2 OTHER IS THE LEADING END USER SEGMENT IN 2017 14
3. THIRD PARTY LOGISTICS MARKET LANDSCAPE 15
3.1 MARKET OVERVIEW 15
3.2 MARKET SEGMENTATION 16
3.2.1 South East Asia Third Party Logistics Market - By Mode of Transport 17
3.2.2 South East Asia Third Party Logistics Market - By Services 17
3.2.3 South East Asia Third Party Logistics Market - By End User 18
3.2.4 South East Asia Third Party Logistics Market - By Country 18
3.3 PEST ANALYSIS 19
3.3.1 South East Asia PEST Analysis 19
4. THIRD PARTY LOGISTICS MARKET - KEY INDUSTRY DYNAMICS 21
4.1 KEY MARKET DRIVERS 21
4.1.1 Rise in demand for reducing overall operational cost and focus on managing timely delivery 21
4.1.2 Inclination of manufacturing companies on reducing assets and emphasize on core business 21
4.1.3 Benefits in managing seasonal variations of products 21
4.2 KEY MARKET RESTRAINTS 22
4.2.1 Lesser control of manufacturer on logistics service and delivery processes 22
4.3 KEY MARKET OPPORTUNITIES 22
4.3.1 Increase in adoption of e-commerce in retail sector 22
4.4 FUTURE TRENDS 22
4.4.1 Implementation of several software solutions 22
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 23
5. THIRD PARTY LOGISTICS MARKET - SOUTH EAST ASIA MARKET ANALYSIS 24
5.1 THIRD PARTY LOGISTICS MARKET - SOUTH EAST ASIA MARKET OVERVIEW 24
5.2 THIRD PARTY LOGISTICS MARKET - SOUTH EAST ASIA MARKET AND FORECAST TO 2025 25
6. THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - MODE OF TRANSPORT 26
6.1 OVERVIEW 26
6.2 MODE OF TRANSPORT MARKET FORECASTS AND ANALYSIS 26
6.3 ROADWAYS 27
6.3.1 Overview 27
6.3.2 Roadways third party logistics market forecasts and analysis 27
6.4 RAILWAYS 28
6.4.1 Overview 28
6.4.2 Railways third party logistic market forecasts and analysis 28
6.5 WATERWAYS 29
6.5.1 Overview 29
6.5.2 Waterways third party logistics market forecasts and analysis 29
6.6 AIRWAYS 30
6.6.1 Overview 30
6.6.2 Airways third party logistics market forecasts and analysis 30
7. THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - BY SERVICE 31
7.1 OVERVIEW 31
7.2 SERVICE MARKET FORECASTS AND ANALYSIS 31
7.3 INTERNATIONAL TRANSPORTATION 32
7.3.1 Overview 32
7.3.2 International transportation market forecasts and analysis 32
7.4 WAREHOUSING 33
7.4.1 Overview 33
7.4.2 Warehousing market forecasts and analysis 33
7.5 DOMESTIC TRANSPORTATION 34
7.5.1 Overview 34
7.5.2 Domestic transportation market forecasts and analysis 34
7.6 INVENTORY MANAGEMENT 35
7.6.1 Overview 35
7.6.2 Inventory management market forecasts and analysis 35
7.7 OTHERS 36
7.7.1 Overview 36
7.7.2 Others market forecasts and analysis 36
8. THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - BY END-USER 37
8.1 OVERVIEW 37
8.2 END-USER MARKET FORECASTS AND ANALYSIS 37
8.3 AUTOMOTIVE 38
8.3.1 Overview 38
8.3.2 Automotive market forecasts and analysis 38
8.4 HEALTHCARE 39
8.4.1 Overview 39
8.4.2 Healthcare market forecasts and analysis 39
8.5 RETAIL 40
8.5.1 Overview 40
8.5.2 Retail market forecasts and analysis 40
8.6 CONSUMER GOODS 41
8.6.1 Overview 41
8.6.2 Consumer goods market forecasts and analysis 41
8.7 OTHERS 42
8.7.1 Overview 42
8.7.2 Others market forecasts and analysis 42
9. THIRD PARTY LOGISTICS - COUNTRY ANALYSIS 43
9.1 SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 43
9.1.1 Overview 43
9.1.2 South East Asia Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 43
9.1.3 South East Asia Third Party Logistics Market Breakdown by Key Countries 44
9.1.3.1 Thailand Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 45
9.1.3.2 Indonesia Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 46
9.1.3.3 Philippines Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 47
9.1.3.4 Vietnam Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 48
9.1.3.5 Malaysia Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 49
9.1.3.6 Singapore Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 50
9.1.3.7 Others Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn) 50
10. INDUSTRY LANDSCAPE 52
10.1 MERGER & ACQUISITION 52
10.2 MARKET INITIATIVE 53
10.3 NEW DEVELOPMENT 56
11. COMPETITIVE LANDSCAPE 57
11.1 COMPETITIVE PRODUCT MAPPING 57
11.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS 58
12. THIRD PARTY LOGISTICS MARKET- KEY COMPANY PROFILES 59
12.1 DEUTSCHE POST AG 59
12.1.1 Key Facts 59
12.1.2 Business Description 59
12.1.3 Financial Overview 60
12.1.4 SWOT Analysis 60
12.1.5 Key Developments 62
12.2 KUEHNE + NAGEL INTERNATIONAL AG 63
12.2.1 Key Facts 63
12.2.2 Business Description 63
12.2.3 Financial Overview 64
12.2.4 SWOT Analysis 64
12.2.5 Key Developments 66
12.3 NIPPON EXPRESS CO., LTD. 68
12.3.1 Key Facts 68
12.3.2 Business Description 68
12.3.3 Financial Overview 68
12.3.4 SWOT Analysis 69
12.3.5 Key Developments 70
12.4 DB SCHENKER (DEUTSCHE BAHN AG) 71
12.4.1 Key Facts 71
12.4.2 Business Description 71
12.4.3 Financial Overview 72
12.4.4 SWOT Analysis 72
12.4.5 Key Developments 74
12.5 C.H. ROBINSON WORLDWIDE, INC. 75
12.5.1 Key Facts 75
12.5.2 Business Description 75
12.5.3 Financial Overview 76
12.5.4 SWOT Analysis 77
12.5.5 Key Developments 78
12.6 DSV A/S 80
12.6.1 Key Facts 80
12.6.2 Business Description 80
12.6.3 Financial Overview 81
12.6.4 SWOT Analysis 81
12.6.5 Key Developments 83
12.7 XPO LOGISTICS, INC. 84
12.7.1 Key Facts 84
12.7.2 Business Description 84
12.7.3 Financial Overview 85
12.7.4 SWOT Analysis 85
12.7.5 Key Developments 87
12.8 SINOTRANS CO., LTD. 88
12.8.1 Key Facts 88
12.8.2 Business Description 88
12.8.3 Financial Overview 89
12.8.4 SWOT Analysis 89
12.8.5 Key Developments 90
12.9 GEODIS 91
12.9.1 Key Facts 91
12.9.2 Business Description 91
12.9.3 Financial Overview 91
12.9.4 SWOT Analysis 92
12.9.5 Key Developments 93
12.10 UPS SUPPLY CHAIN SOLUTIONS (UNITED PARCEL SERVICE, INC.) 94
12.10.1 Key Facts 94
12.10.2 Business Description 94
12.10.3 Financial Overview 95
12.10.4 SWOT Analysis 95
12.10.5 Key Developments 97
13. APPENDIX 98
13.1 ABOUT THE INSIGHT PARTNERS 98
13.2 GLOSSARY 99
13.3 METHODOLOGY 100
13.3.1 Coverage 100
13.3.2 Secondary Research 100
13.3.3 Primary Research 101
LIST OF TABLES
TABLE 1. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 25
TABLE 2. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (US$ BN) 25
TABLE 3. GLOSSARY OF TERMS,THIRD PARTY LOGISTICS MARKET 99
LIST OF FIGURES
FIGURE 1. INDONESIA THIRD PARTY LOGISTICS MARKET, REVENUE (US$ BN), 2017 & 2025 13
FIGURE 2. THIRD PARTY LOGISTICS MARKET, BY END USER, REVENUE (%), 2017 & 2025 14
FIGURE 3. THIRD PARTY LOGISTICS MARKET SEGMENTATION 16
FIGURE 4. THIRD PARTY LOGISTICS MARKET BY COUNTRY 17
FIGURE 5. SOUTH EAST ASIA PEST ANALYSIS 19
FIGURE 6. THIRD PARTY LOGISTCIS MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 23
FIGURE 7. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET BREAKDOWN BY MODE OF TRANSPORT, 2017 & 2025 (%) 26
FIGURE 8. SOUTH EAST ASIA ROADWAYS THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 27
FIGURE 9. SOUTH EAST ASIA RAILWAY THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 28
FIGURE 10. SOUTH EAST ASIA WATERWAYS THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 29
FIGURE 11. SOUTH EAST ASIA AIRWAYS THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 30
FIGURE 12. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET BREAKDOWN BY SERVICE, BY REVENUE, 2017 & 2025 (%) 31
FIGURE 13. SOUTH EAST ASIA INTERNATIONAL TRANSPORTATION THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 32
FIGURE 14. SOUTH EAST ASIA WAREHOUSING THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 33
FIGURE 15. SOUTH EAST ASIA DOMESTIC TRANSPORTATION THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 34
FIGURE 16. SOUTH EAST ASIA INVENTORY MANAGEMENT THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 35
FIGURE 17. SOUTH EAST ASIA OTHERS THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 36
FIGURE 18. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET BREAKDOWN BY END USER, BY REVENUE, 2017 & 2025 (%) 37
FIGURE 19. SOUTH EAST ASIA AUTOMOTIVE THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 38
FIGURE 20. SOUTH EAST ASIA HEALTHCARE THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 39
FIGURE 21. SOUTH EAST ASIA RETAIL THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 40
FIGURE 22. SOUTH EAST ASIA CONSUMER GOODS THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 41
FIGURE 23. SOUTH EAST ASIA OTHERS THIRD PARTY LOGISTCIS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 42
FIGURE 24. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 43
FIGURE 25. SOUTH EAST ASIA THIRD PARTY LOGISTICS MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025 (%) 44
FIGURE 26. THAILAND THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 45
FIGURE 27. INDONESIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 46
FIGURE 28. PHILIPPINES THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 47
FIGURE 29. VIETNAM THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 48
FIGURE 30. MALAYSIA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 49
FIGURE 31. SINGAPORE THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 50
FIGURE 32. OTHERS THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 50
FIGURE 33. GLOBAL TOP 5 PLAYERS 58
The List of Companies
1. Deutsche Post DHL Group
2. Kuehne + Nagel International AG
3. Nippon Express Co., Ltd.
4. DB Schenker
5. C.H. Robinson Worldwide, Inc.
6. DSV A/S
7. XPO Logistics Inc.
8. Sinotrans Co. Ltd.
9. GEODIS
10. UPS Supply Chain Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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