The report titled "Philippine Logistics and Warehousing Market Outlook to 2023: Express delivery expected to grow at 9%. The report titled "Philippine Logistics and Warehousing (with good warehousing practice) Market Outlook to 2023.
The Freight Forwarding, Warehousing, Express Logistics, E-Commerce Logistics, Third-Party Logistics and Balikbayan Box. As per Ken Research, they pointed to growth at a notable CAGR- Six-year growth 8.8% of revenue in Philippines warehousing and logistics market over the coming years to the end of 2023E. A key findings from Ken’s research report titled “Philippine Logistics and Warehousing Market Outlook to 2023”. The growth of the e-commerce industry, increasing penetration of international and domestic market players and increasing industrialization have all had a positive impact on the growth of express delivery in Switzerland impacted country. Rapid globalization and the growth of industrial sectors that require time-sensitive parcel and freight delivery have seriously contributed to the growth of the domestic and international express shipping and logistics market in the country.
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The Philippine Express’s logistics sector has utilized two primary modes of transportation, namely air and road networks. In 2017, Air Express Logistics accounted for the majority of the revenue share of the express delivery market. The availability of a large ground transportation network along with paved national roads has strengthened the road express delivery network. On the other hand, Air Express dominated the category due to the growing demand for same and next day deliveries combined with the growing competition among the major players to offer better services.
The major players have dominated the international express delivery market in 2017. In addition to providing international shipments, these companies also provide services such as customs clearance, cargo consolidation, and preparation of export documents. The growing export of commodities such as semiconductors, clothing, mineral ores, nickel ores, petroleum products and iron ores has given a significant boost to the logistics market in the Philippines.
The growth of the logistics industry shows a very high positive correlation with the world trade scenario. Companies have adopted mechanization, IOT, robotics and other technologies to better serve customers and gain a competitive advantage over other players in the industry. Express delivery companies that offer time-definite shipments with tracking technology to meet business needs have experienced a cyclical change in market conditions depending on the conditions of global trade and economic growth.
