Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 10.68 Billion |
Market Size (2030) | USD 14.95 Billion |
CAGR (2025 - 2030) | 6.96 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
ASEAN Domestic Courier Market Analysis
The ASEAN Domestic Courier Market size is estimated at 10.68 billion USD in 2025, and is expected to reach 14.95 billion USD by 2030, growing at a CAGR of 6.96% during the forecast period (2025-2030).
The ASEAN domestic courier landscape is experiencing significant transformation driven by infrastructure developments and strategic partnerships. Thailand's Transport Ministry announced plans to invest USD 18.83 billion in approximately 150 transport projects by the end of 2025, demonstrating the region's commitment to enhancing domestic logistics capabilities. In Malaysia, the East Coast Rail Link (ECRL) project has achieved a 60% completion rate as of March 2024, with potential extension plans to the Thai border under consideration. These infrastructure initiatives are complemented by the establishment of Thailand's first Digital Free Trade Zone in 2023, in collaboration with Alibaba, aimed at streamlining cross-border e-commerce operations.
The industry is witnessing substantial technological integration and operational modernization efforts. In October 2023, Thailand Post partnered with Escher to digitally transform its domestic delivery services network, implementing a control tower framework for enhanced operational visibility and control. Similarly, Cainiao Group expanded its regional presence by launching its first warehouse in Jakarta in July 2023, featuring six warehouses across 170,000 sq. m within the Cainiao Cikarang Logistics Park. These developments reflect the industry's shift toward more sophisticated, technology-driven operations.
Cross-border trade dynamics are significantly influencing the domestic courier sector's evolution. In Q1 2024, Vietnam's coal imports nearly doubled compared to the same period in 2023, while Malaysia recorded a 13.1% year-over-year growth in imports, primarily driven by robust demand for capital and intermediate goods. This surge in cross-border trade has necessitated enhanced domestic distribution capabilities, leading companies like Flash Express to handle approximately 700 million parcels in 2022 through its AI-powered routing systems.
The industry is adapting to changing market conditions through strategic pricing adjustments and service innovations. Thailand Post implemented its first price adjustment in 18 years for domestic letter and parcel deliveries in 2022, reflecting the need to balance operational costs with service quality. Courier companies are increasingly focusing on specialized services, such as temperature-controlled deliveries and same-day delivery options, to meet evolving customer demands. This adaptation extends to the development of automated sorting facilities and the integration of digital payment solutions, enhancing both operational efficiency and customer experience. These advancements are crucial for optimizing domestic logistics services across the region.
ASEAN Domestic Courier Market Trends
Rising FDI in ASEAN countries supported by infrastructure construction projects by country governments driving economic growth
- In May 2024, the Japanese government announced a loan of about JPY140.7 billion (USD 900 million) to build a high-speed rail line in Jakarta, Indonesia. The East-West rail project will cover 84.1 km and be completed in two phases, starting in 2026 and finishing by 2031. The new rail line will feature Japanese technology for trains and signaling systems. Such initiatives are expected to boost GDP contribution from transport and storage sector.
- In February 2024, the Transport Ministry announced plans to invest USD 18.83 billion in around 150 transport projects by the end of 2025 to enhance Thailand's infrastructure. In 2024, 64 projects will commence, with an additional 31 projects valued at USD 11.23 billion in the pipeline. For 2025, there are 57 new projects planned, totaling USD 7.59 billion. These initiatives include 18 motorway projects, 9 railway projects, and plans for regional port development, all aimed at bolstering the transport and storage sector's contribution to GDP in the future.
Impact of the Iran-Israel conflict and Ukraine-Russia war on ASEAN countries led to increased fuel prices and supply chain disruptions
- Indonesia expects a 29% increase in oil and gas sector investments in 2024 to boost drilling and exploration after Shell and Chevron's recent exits. This push is vital for Indonesia to counter a long-term decline in output amid rising financing challenges for fossil fuel projects. Foreign companies like Eni, Exxon Mobil, and BP will contribute 40% of 2024's planned investments. Also, in early 2024, the Ministry of Oil and Gas announced that fuel prices at gas stations will stay stable until at least June 2024, despite the Iran-Israel conflict potentially raising oil prices to USD 100 per barrel.
- Diesel prices in Malaysia surged by over 50% in June 2024 as part of Prime Minister Anwar Ibrahim's efforts to reform the country's long-standing fuel subsidy system. The restructuring aimed to alleviate pressure on national finances by eliminating universal energy subsidies and focusing assistance on those most in need. This move also aims to address issues like the smuggling of subsidized diesel to neighboring countries, where it fetches higher prices.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Thailand has the lowest fertility rate in Southeast Asia, around 1.33 children per woman
- Indonesia, Malaysia, and Thailand are leading oil and gas GDP growth in the ASEAN region, followed by the manufacturing sector demand
- ASEAN's e-commerce market is expected to grow rapidly, registering a CAGR of 11% during 2023-27
- ASEAN economies anticipates growth in exports by 2030 led by development in manufacturing sector
- Improvements in some ASEAN country LPI ranks, fueled by infrastructure growth and e-commerce expansion
- ASEAN economies are promoting the agriculture sector to bolster food availability and affordability
- ASEAN countries witnessed a significant rise in prices due to increases in fuel and food costs
- Thailand's Electric Vehicle Policy aims for 30% of the total vehicle production to account for electric cars by 2030
- Huge reliance on wheat imports has become a major concern to food security for ASEAN countries
- Rising cross border trade agreements along with infrastructure development initiatives are expected to boost ASEAN economic growth
Segment Analysis: Speed of Delivery
Non-Express Segment in ASEAN Domestic Courier Market
The non-express segment dominates the ASEAN domestic courier market, commanding approximately 72% market share in 2024. This significant market position is driven by the segment's cost-effectiveness and wide coverage of domestic delivery services. In 2023, PT Pos Indonesia (Persero) strengthened this segment by introducing 27,600 drop points across Indonesia to enhance accessibility for the public and micro, small, and medium enterprises. Thailand Post has also contributed to the segment's growth by launching new services like EMS Jumbo in 2023, enabling customers to send large parcels weighing 30 to 200 kg to any province within 2-4 days. Additionally, AirAsia Xpress's introduction of domestic shipping services in Malaysia, offering affordable rates for shipments between East and West Malaysia, has further solidified the non-express segment's market leadership.

Express Segment in ASEAN Domestic Courier Market
The express segment is experiencing rapid growth in the ASEAN domestic courier market, with a projected growth rate of approximately 8% during 2024-2029. This accelerated growth is primarily driven by the increasing demand for time-sensitive deliveries and the expansion of e-commerce platforms. In March 2023, Lazada Logistics Vietnam demonstrated this trend by inaugurating its state-of-the-art Lazada Logistics Park in Bình D°¡ng province, featuring cutting-edge technologies including artificial intelligence and machine learning, with 99% automated sorting lines capable of handling 1 million parcels daily. Kerry Express and Grab's collaboration in Thailand to introduce the country's inaugural instant parcel pickup service has further enhanced the domestic express delivery ecosystem. The segment's growth is also supported by significant investments, such as J&T Express securing USD 2.5 billion in funding to expand its operations and enhance its express delivery capabilities across the region.
Segment Analysis: Shipment Weight
Light Weight Shipments Segment in ASEAN Domestic CEP Market
Lightweight shipments dominate the ASEAN domestic courier, express, and parcel (CEP) market, commanding approximately 70% market share in 2024. This segment's prominence is primarily driven by the flourishing e-commerce sector, particularly in online grocery delivery services. In Vietnam, grocery delivery revenue has reached USD 1.39 billion in 2023, with user penetration around 14%. Major players like HappyFresh have expanded their operations, partnering with over 700 supermarkets and retail stores in Thailand while promising one-hour grocery deliveries. The segment has also witnessed significant growth in beauty, healthcare, personal, and household care product deliveries. Additionally, the segment is experiencing the fastest growth rate of around 7% during 2024-2029, driven by increasing consumer demand for fresh, locally sourced produce and the expansion of online grocery shopping platforms across the region.
Remaining Segments in Shipment Weight
The heavy weight and medium weight segments complete the ASEAN domestic CEP market landscape, each serving distinct market needs. The heavy weight segment primarily caters to furniture delivery, medical equipment transportation, and large industrial shipments. Vietnam has emerged as a major furniture manufacturing hub, exporting to over 120 countries, while Thailand's medical delivery initiatives have expanded to remote areas through projects like Delivers Wellness. The medium weight segment focuses on small appliances delivery, with companies like HomePro in Thailand partnering with courier services like Kerry Express and Flash Express to handle deliveries weighing up to 30-50 kg. Both segments continue to evolve with the changing market dynamics and increasing demand for specialized delivery services across the ASEAN region.
Segment Analysis: End User Industry
E-Commerce Segment in ASEAN Domestic Courier Market
The e-commerce segment dominates the ASEAN domestic courier market, holding approximately 35% market share in 2024. This significant market position is driven by the rapid digitalization and increasing adoption of online shopping across the region. Major e-commerce retailers in ASEAN are moving toward AI and integrated logistics services to enhance their delivery capabilities. The segment's growth is particularly notable in Indonesia, where online retailing is dominated by local wholesalers and international merchants like Alibaba Group Holdings. Popular platforms like Shopee emerged as the most visited C2C e-commerce website with approximately 67.3 million monthly web visits, followed by Lazada with around 37.9 million monthly visits. In Vietnam, the e-commerce market is experiencing robust growth, with a predicted revenue of USD 12.10 billion by 2023. The electronics segment contributes significantly to B2C sales, with a share of 40.72% in 2023, followed by fashion and toys, hobby & DIY segments. The segment's strong performance is further supported by the development of social commerce, particularly in Thailand, where customers can engage with sellers through social media platforms.
Remaining Segments in End User Industry
The ASEAN domestic courier market encompasses several other significant segments including Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, and Wholesale and Retail Trade (Offline). The BFSI segment plays a crucial role in the market through the delivery of banking documents, credit cards, and financial instruments. The healthcare segment has gained prominence with the increasing demand for medical supply deliveries and healthcare equipment transportation. The manufacturing segment contributes significantly through the movement of industrial components and finished products. The primary industry segment focuses on agricultural and mining sector deliveries, while the wholesale and retail trade segment serves traditional brick-and-mortar businesses. Each of these segments contributes uniquely to the market's dynamics, with varying delivery requirements and service specifications. The diversity of these segments helps maintain market stability and provides opportunities for courier service providers to specialize and differentiate their offerings.
Segment Analysis: Model
ASEAN Domestic Courier Market Geography Segment Analysis
Domestic Courier Market in Indonesia
Indonesia dominates the ASEAN domestic courier landscape, commanding approximately 47% of the regional market share in 2024. The country's robust e-commerce ecosystem has been a key driver, with major platforms like Tokopedia, Bukalapak, and Lazada fueling demand for domestic delivery services. The market has witnessed significant technological advancement, exemplified by Cainiao Group's launch of its first warehouse in Jakarta in July 2023. The Cainiao Cikarang Logistics Park, spanning 320,000 sq. m with six warehouses across 170,000 sq. m, demonstrates the scale of infrastructure development. The country's postal infrastructure continues to evolve, with PT Pos Indonesia maintaining its position as a dominant player through strategic initiatives like the introduction of 27,600 drop points nationwide. This expansion has particularly benefited micro, small, and medium enterprises by enhancing their access to domestic postal services. The government's commitment to digital transformation and logistics efficiency has attracted significant foreign investment, particularly in developing smart warehouses and automated sorting facilities.
Domestic Courier Market in Vietnam
Vietnam's domestic courier market is projected to grow at approximately 8% annually from 2024 to 2029, positioning it as the fastest-growing market in the ASEAN region. The country's emergence as ASEAN's primary manufacturing center has created robust demand for domestic logistics services, particularly in handling both raw materials and finished products. The market has witnessed significant technological adoption, with companies like Lazada Logistics Vietnam leading the way through its state-of-the-art Lazada Logistics Park in Bình D°¡ng province. This facility, spanning 20,000 square meters, showcases the market's technological sophistication with its AI and machine learning capabilities, handling up to 1 million parcels daily. The country's strategic focus on cross-border e-commerce has been particularly noteworthy, with Vietnamese goods reaching an increasingly global audience. The market has also seen innovation in specialized segments, such as Rino's 10-minute grocery delivery service, demonstrating the sector's adaptability to changing consumer preferences. The government's active participation in numerous free trade agreements has further catalyzed the growth of logistics services.
Domestic Courier Market in Thailand
Thailand's domestic courier market has undergone significant transformation, particularly through its partnership with Escher to modernize and digitally transform its delivery network operations. This collaboration has introduced advanced control tower frameworks, enabling real-time operational insights and enhanced parcel tracking capabilities. The country's position as the second-largest internet economy in the region has created a robust foundation for e-commerce logistics, with platforms like Shopee and Lazada driving significant delivery volumes. Thailand Post's strategic initiatives, including the introduction of innovative services like EMS Jumbo for large parcels, demonstrate the market's adaptability to evolving consumer needs. The sector has also witnessed significant investment in sustainable logistics solutions, with companies like DHL Supply Chain Thailand incorporating electric vehicles into their delivery fleets. The market's growth is further supported by the country's strategic location and well-developed infrastructure network, facilitating efficient domestic and cross-border deliveries.
Domestic Courier Market in Malaysia
Malaysia's domestic courier market has experienced substantial evolution, characterized by intense competition among more than 100 service providers. The market's development is closely tied to the country's robust digital infrastructure and high e-commerce adoption rates. DHL Express's significant investment in the Johor Bahru Gateway, located within the Senai Airport City industrial park, exemplifies the ongoing infrastructure development in the sector. The market has also witnessed innovative partnerships, such as OCBC Bank's collaboration with J&T Express to enhance last-mile delivery efficiency through digital collection solutions. The government's strategic focus on developing logistics infrastructure, including the expansion of the East Coast Rail Link project, has created new opportunities for national courier services. The sector has also embraced technological innovation, with companies implementing advanced tracking systems and automated sorting facilities to improve operational efficiency.
Domestic Courier Market in Other Countries
The domestic courier markets in other ASEAN countries, including the Philippines, Singapore, Cambodia, and Brunei, each present unique characteristics and opportunities. These markets are characterized by varying levels of infrastructure development and digital adoption, with Singapore leading in technological implementation and automation. The Philippines has shown particular strength in social commerce integration, while Cambodia and Brunei are rapidly developing their logistics capabilities to support growing e-commerce activities. These markets share common trends such as increasing adoption of digital payment systems, growing demand for same-day delivery services, and rising investment in logistics infrastructure. The competitive landscape in these countries is evolving, with both local and international players introducing innovative services to capture market share. Regional integration initiatives and cross-border e-commerce growth continue to shape the development of courier services in these markets.
ASEAN Domestic Courier Industry Overview
Top Companies in ASEAN Domestic Courier Market
The leading companies in the domestic courier market are actively pursuing technological advancement and operational excellence to maintain their competitive positions. Companies are investing heavily in automation and AI-powered solutions for sorting centers and delivery optimization, with several players launching smart warehouses and automated parcel processing facilities across the region. There is a strong focus on expanding delivery networks through strategic partnerships with local retailers and establishing new distribution centers in key metropolitan areas. Environmental sustainability has emerged as a key differentiator, with major players incorporating electric vehicles into their fleets and implementing green logistics initiatives. Companies are also enhancing their service portfolios by introducing specialized solutions like same-day delivery, temperature-controlled shipping, and integrated e-commerce fulfillment services. The market is witnessing significant investment in digital transformation, with players developing mobile applications and online platforms to improve customer experience and operational efficiency.
Mix of Global and Regional Players
The ASEAN domestic courier market exhibits a fragmented competitive structure with a diverse mix of international logistics giants and strong regional players. Global companies like DHL, FedEx, and UPS leverage their extensive international networks and technological capabilities, while regional players such as J&T Express and SF Express maintain a strong local market presence through a deep understanding of regional dynamics and established distribution networks. The market is characterized by the presence of state-owned postal operators who maintain significant market share in their respective countries through traditional postal services and modernized courier operations. The competitive landscape is further diversified by the emergence of technology-driven logistics startups that are disrupting traditional business models with innovative last-mile delivery solutions and specialized e-commerce fulfillment services.
The market is experiencing ongoing consolidation through strategic partnerships and acquisitions, particularly in the e-commerce logistics segment. Large players are actively acquiring local courier companies to expand their regional footprint and enhance their last-mile delivery capabilities. International players are forming joint ventures with local companies to overcome regulatory barriers and gain market access. The competitive dynamics are evolving with the entry of e-commerce platforms into the logistics space, either through in-house logistics operations or strategic partnerships with existing courier companies. This trend is reshaping the competitive landscape and driving innovation in service offerings and delivery models.
Innovation and Network Expansion Drive Success
Success in the ASEAN domestic courier market increasingly depends on the ability to build and maintain an efficient domestic delivery network while embracing technological innovation. Companies need to invest in automated sorting facilities, route optimization systems, and digital tracking platforms to improve operational efficiency and meet growing customer expectations for speed and transparency. Building strong partnerships with e-commerce platforms and retailers is becoming crucial for securing stable business volumes and expanding market presence. Successful players are focusing on developing specialized services for high-growth segments like fresh food delivery and healthcare logistics, while also expanding their presence in underserved markets through strategic network expansion and last-mile partnerships.
The market presents significant opportunities for both incumbents and new entrants, but success requires careful navigation of regulatory requirements and local market dynamics. Companies must develop strong risk management capabilities to address challenges such as varying regulatory frameworks across ASEAN countries and infrastructure limitations in developing markets. Building brand trust through reliable service quality and maintaining price competitiveness while investing in technology and infrastructure are essential for long-term success. Players need to focus on developing sustainable business models that can adapt to changing market conditions and customer preferences while maintaining operational efficiency. The ability to offer integrated logistics solutions and value-added services will become increasingly important as the market continues to evolve.
ASEAN Domestic Courier Market Leaders
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DHL Group
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J&T Express
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Ninja Van
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POS Malaysia Bhd
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SF Express (KEX-SF)
- *Disclaimer: Major Players sorted in no particular order
ASEAN Domestic Courier Market News
- September 2023: PT Pos Indonesia (Persero) started the construction of the East Jakarta Postal Processing Center (SPP) project. The main objective of this development is to consolidate the existing two SPPs throughout Jakarta. The East Jakarta SPP office has a land area of 5000 sq. m on a site of 7553 sq. m.
- August 2023: Thailand Post Company Limited partnered with The Transport Company Limited (Bor Kor Sor) to provide delivery and parcel delivery services. The amount of consignment and delivery continued to increase steadily due to expertise in routes, vehicles, technology, and information, including service points.
- July 2023: On January 7, 2023, Shoppymore held a formal event to officiate City-Link Express as the platform’s delivery agent.
Free With This Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export-import trends, logistics performance among other key indicators.
ASEAN Domestic Courier Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Demographics
- 4.2 GDP Distribution By Economic Activity
- 4.3 GDP Growth By Economic Activity
- 4.4 Inflation
-
4.5 Economic Performance And Profile
- 4.5.1 Trends in E-Commerce Industry
- 4.5.2 Trends in Manufacturing Industry
- 4.6 Transport And Storage Sector GDP
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Price
- 4.10 Logistics Performance
- 4.11 Infrastructure
-
4.12 Regulatory Framework
- 4.12.1 Indonesia
- 4.12.2 Malaysia
- 4.12.3 Philippines
- 4.12.4 Thailand
- 4.12.5 Vietnam
- 4.13 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Speed Of Delivery
- 5.1.1 Express
- 5.1.2 Non-Express
-
5.2 Shipment Weight
- 5.2.1 Heavy Weight Shipments
- 5.2.2 Light Weight Shipments
- 5.2.3 Medium Weight Shipments
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5.3 End User Industry
- 5.3.1 E-Commerce
- 5.3.2 Financial Services (BFSI)
- 5.3.3 Healthcare
- 5.3.4 Manufacturing
- 5.3.5 Primary Industry
- 5.3.6 Wholesale and Retail Trade (Offline)
- 5.3.7 Others
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5.4 Model
- 5.4.1 Business-to-Business (B2B)
- 5.4.2 Business-to-Consumer (B2C)
- 5.4.3 Consumer-to-Consumer (C2C)
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5.5 Country
- 5.5.1 Indonesia
- 5.5.2 Malaysia
- 5.5.3 Philippines
- 5.5.4 Thailand
- 5.5.5 Vietnam
- 5.5.6 Rest of ASEAN
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 BEST Inc.
- 6.4.2 City-Link Express
- 6.4.3 CJ Logistics Corporation
- 6.4.4 DHL Group
- 6.4.5 FedEx
- 6.4.6 J&T Express
- 6.4.7 JWD Group
- 6.4.8 Ninja Van
- 6.4.9 POS Malaysia Bhd
- 6.4.10 PT Pos Indonesia (Persero)
- 6.4.11 SF Express (KEX-SF)
- 6.4.12 SkyNet Worldwide Express
- 6.4.13 Thailand Post
- 6.4.14 United Parcel Service of America, Inc. (UPS)
- 6.4.15 Vietnam Posts and Telecommunications Group (including Vietnam Post Corporation)
- 6.4.16 ViettelPost
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CEP CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.1.5 Technological Advancements
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION DISTRIBUTION BY GENDER, COUNT, ASEAN, 2017 - 2030
- Figure 2:
- POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, ASEAN, 2017 - 2030
- Figure 3:
- POPULATION DENSITY, POPULATION/SQ. KM, ASEAN, 2017 - 2030
- Figure 4:
- GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, ASEAN, 2017 - 2022
- Figure 5:
- FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), ASEAN, 2017 - 2022
- Figure 6:
- POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, ASEAN, 2022
- Figure 7:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, ASEAN, 2022
- Figure 8:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, ASEAN, 2017 – 2022
- Figure 9:
- WHOLESALE PRICE INFLATION RATE, %, ASEAN, 2017 - 2022
- Figure 10:
- CONSUMER PRICE INFLATION RATE, %, ASEAN, 2017 - 2022
- Figure 11:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, ASEAN, 2017 - 2027
- Figure 12:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, ASEAN, 2022
- Figure 13:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, ASEAN, 2017 - 2022
- Figure 14:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, ASEAN, 2022
- Figure 15:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, ASEAN, 2017 – 2022
- Figure 16:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, ASEAN, 2022
- Figure 17:
- VALUE OF EXPORTS, USD, ASEAN, 2017 - 2022
- Figure 18:
- VALUE OF IMPORTS, USD, ASEAN, 2017 - 2022
- Figure 19:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, ASEAN, 2017 - 2022
- Figure 20:
- RANK OF LOGISTICS PERFORMANCE, RANK, ASEAN, 2010 - 2023
- Figure 21:
- LENGTH OF ROADS, KM, ASEAN, 2017 - 2022
- Figure 22:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASEAN, 2022
- Figure 23:
- SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, ASEAN, 2022
- Figure 24:
- RAIL LENGTH, KM, ASEAN, 2017 - 2022
- Figure 25:
- CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), ASEAN, 2022
- Figure 26:
- CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, ASEAN, 2022
- Figure 27:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 28:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 29:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, USD, ASEAN 2017 - 2030
- Figure 30:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, %, ASEAN, 2017 - 2030
- Figure 31:
- VALUE OF EXPRESS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 32:
- VALUE OF NON-EXPRESS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 33:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, USD, ASEAN 2017 - 2030
- Figure 34:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, ASEAN, 2017 - 2030
- Figure 35:
- VALUE OF HEAVY WEIGHT SHIPMENTS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 36:
- VALUE SHARE OF HEAVY WEIGHT SHIPMENTS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, ASEAN, 2022 VS 2030
- Figure 37:
- VALUE OF LIGHT WEIGHT SHIPMENTS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 38:
- VALUE OF MEDIUM WEIGHT SHIPMENTS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 39:
- VALUE SHARE OF MEDIUM WEIGHT SHIPMENTS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, ASEAN, 2022 VS 2030
- Figure 40:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, NUMBER OF SHIPMENTS, ASEAN 2017 - 2030
- Figure 41:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, USD, ASEAN 2017 - 2030
- Figure 42:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, ASEAN, 2017 - 2030
- Figure 43:
- VOLUME SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, ASEAN, 2017 - 2030
- Figure 44:
- VOLUME OF E-COMMERCE DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 45:
- VALUE OF E-COMMERCE DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 46:
- VOLUME OF FINANCIAL SERVICES (BFSI) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 47:
- VALUE OF FINANCIAL SERVICES (BFSI) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 48:
- VOLUME OF HEALTHCARE DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 49:
- VALUE OF HEALTHCARE DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 50:
- VOLUME OF MANUFACTURING DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 51:
- VALUE OF MANUFACTURING DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 52:
- VALUE SHARE OF MANUFACTURING DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, ASEAN, 2022 VS 2030
- Figure 53:
- VOLUME OF PRIMARY INDUSTRY DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 54:
- VALUE OF PRIMARY INDUSTRY DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 55:
- VALUE SHARE OF PRIMARY INDUSTRY DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, ASEAN, 2022 VS 2030
- Figure 56:
- VOLUME OF WHOLESALE AND RETAIL TRADE (OFFLINE) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 57:
- VALUE OF WHOLESALE AND RETAIL TRADE (OFFLINE) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 58:
- VOLUME OF OTHERS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, ASEAN, 2017 - 2030
- Figure 59:
- VALUE OF OTHERS DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 60:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, USD, ASEAN 2017 - 2030
- Figure 61:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, %, ASEAN, 2017 - 2030
- Figure 62:
- VALUE OF BUSINESS-TO-BUSINESS (B2B) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 63:
- VALUE OF BUSINESS-TO-CONSUMER (B2C) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 64:
- VALUE OF CONSUMER-TO-CONSUMER (C2C) DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, ASEAN, 2017 - 2030
- Figure 65:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY COUNTRY, NUMBER OF PARCELS, ASEAN 2017 - 2030
- Figure 66:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY COUNTRY, USD, ASEAN 2017 - 2030
- Figure 67:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY COUNTRY, %, ASEAN, 2017 - 2030
- Figure 68:
- VOLUME SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY COUNTRY, %, ASEAN, 2017 - 2030
- Figure 69:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, INDONESIA, 2017 - 2030
- Figure 70:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, INDONESIA, 2017 - 2030
- Figure 71:
- VALUE SHARE OF INDONESIA DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, INDONESIA, 2022 VS 2030
- Figure 72:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, MALAYSIA, 2017 - 2030
- Figure 73:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, MALAYSIA, 2017 - 2030
- Figure 74:
- VALUE SHARE OF MALAYSIA DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2030
- Figure 75:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030
- Figure 76:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030
- Figure 77:
- VALUE SHARE OF PHILIPPINES DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030
- Figure 78:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, THAILAND, 2017 - 2030
- Figure 79:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, THAILAND, 2017 - 2030
- Figure 80:
- VALUE SHARE OF THAILAND DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, THAILAND, 2022 VS 2030
- Figure 81:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, VIETNAM, 2017 - 2030
- Figure 82:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, VIETNAM, 2017 - 2030
- Figure 83:
- VALUE SHARE OF VIETNAM DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, VIETNAM, 2022 VS 2030
- Figure 84:
- VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF SHIPMENTS, REST OF ASEAN, 2017 - 2030
- Figure 85:
- VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, REST OF ASEAN, 2017 - 2030
- Figure 86:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASEAN, 2017 - 2023
- Figure 87:
- MOST ADOPTED STRATEGIES, COUNT, ASEAN, 2017 - 2023
- Figure 88:
- VALUE SHARE OF MAJOR PLAYERS, %, ASEAN
ASEAN Domestic Courier Industry Segmentation
Express, Non-Express are covered as segments by Speed Of Delivery. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Indonesia, Malaysia, Philippines, Thailand, Vietnam are covered as segments by Country.Speed Of Delivery | Express |
Non-Express | |
Shipment Weight | Heavy Weight Shipments |
Light Weight Shipments | |
Medium Weight Shipments | |
End User Industry | E-Commerce |
Financial Services (BFSI) | |
Healthcare | |
Manufacturing | |
Primary Industry | |
Wholesale and Retail Trade (Offline) | |
Others | |
Model | Business-to-Business (B2B) |
Business-to-Consumer (B2C) | |
Consumer-to-Consumer (C2C) | |
Country | Indonesia |
Malaysia | |
Philippines | |
Thailand | |
Vietnam | |
Rest of ASEAN |
Market Definition
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international shipments.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- Domestic Courier Market - Domestic Courier Market refers to the CEP shipments wherein the origin and destination is within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express).
- E-Commerce - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the e-tailers, through online sales channel, on Courier, Express, and Parcel (CEP) services. The scope includes (i) the supply chain of a company's online customer orders being fulfilled, (ii) the process of getting a product from the point of manufacturing to the point at which it is delivered to consumers. It involves managing inventory (deferred as well as time critical), shipping, and distribution.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Financial Services (BFSI) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the BFSI players, on Courier, Express, and Parcel (CEP) services. CEP is important to the financial services industry in shipping of confidential documents and files. The establishments in this sector are engaged in (i) financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions, (ii) financial intermediation, (iii) the pooling of risk by underwriting annuities and insurance, (iv) providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs, and (v) monetary control - the monetary authorities.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Healthcare - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Healthcare players (Hospitals, clinics, mrdical centres) , on Courier, Express, and Parcel (CEP) services. The scope includes CEP services involved in the defrerred as well time critical movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment). The establishments in this sector (i) include the ones providing medical care exclusively (ii) deliver services by trained professionals (iii) involve processes, including labor inputs of health practitioners with the requisite expertise (iv) are defined based on the educational degree held by the practitioners included in the industry.
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- International Express Service Market - International Express Service Market refers to the CEP shipments wherein the origin or destination is not within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (ii) Inter-Region as well as Intra-Region Shipments
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry (including Hi-Tech/Technology) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the construction, real estate, educational services, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on Courier, Express, and Parcel (CEP) services. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of time critical supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files.
- Primary Industry - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF (Agriculture, Fishing, and Forestry) and Extraction indsutry (Oil &Gas, Quarrying and Mining) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments (i) primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities; (ii) that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Herein, Logistics Service Providers (LSPs) (i) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers; (ii) cover entire phases from upstream to downstream and play a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the courier, express, and parcel (CEP) market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Wholesale and Retail Trade (Offline) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, through offline sales channel, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword | Definition |
---|---|
Axle Load | The axle load refers to the total load (weight) bearing on the roadway through wheels connected to a given axle. Across the globe, there are systems in place to ensure axle load monitoring, wherein surpassing the defined limits set by the concerned regulatory authority can lead to penalty/fine. For transportation of goods via road this can be an important determinant of costs as knowledge about the axle load limits can be used to (i) load the vehicle optimally for maximizing profits (ii) avoid exceeding the same and hence the probable fines associated (iii) avoid wear and tear of the vehicle (iv) avoid damage to pavement resulting in noticeable public maintenance and repair costs (v) achieve better turnaround time. |
Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure, and can include full, partial, or empty truck loads (all or part of the way) depending on the visibility of the local freight ecosystem. In this regard, transportation of empty containers to the point of origin, known as deadheading is also a significant factor, considering the supply/container shortages across the geographies, resulting in cost escalation and under optimized profit potential attainment. Generally, the carriers offer discounts on the backhaul, to secure freight for the trip. |
Bill of Lading (BOL) | A bill of lading is a legal contract document issued by a carrier to a shipper to acknowledge reception of their cargo, and is evidence for the contract of carriage between the two parties. Broadly it details the (i) type, quantity, and other specifications of the goods being carried (ii) destination, and terms & conditions of the shipment (iii) carrier and drivers with all the necessary information to process the shipment, which can be used for insurance and customs clearance purposes (iv) assurance that the consignment is damage-free and ready to be shipped to the consignee. In this regard, a house bill of lading (HBL) is a document issued by a freight forwarder or a non-vessel operating common carrier (NVOCC) to acknowledge receipt of items for shipment (to a shipper). If shipments from several shippers are involved a master bill of lading (MBL) might be involved which is a consolidated version of the same for all the shipments being taken care of by the carrier (to a common destination) and might be issued by the carrier to the freight forwarder or the shipper (depending on who books the transport). |
Bunkering | Bunkering is the process of supplying fuel to power the propulsion system of a ship. It includes the logistics of loading and distributing the fuel among available shipboard tanks. In this regard, (i) Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker-fuel tanks, (ii) Bunker refers to the spaces (Tank) on board a vessel to store fuel, (iii) Bunker trader refers to a person dealing in trade of bunker (fuel), (iv) Bunker call is made when a cargo ship anchors or berths in a port to take on bunker oil or supplies, (v) Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. Bunkering is signficant from point of view of freight rates applicable to the shipper as Bunker Contribution (BUC)/ Fuel Adjustment Factor (FAF)/ Bunker Adjustment Factor (BAF) are applied by shipping lines to offset the effect of fluctuations in the cost of bunkers. |
Cabotage | Transport by a vehicle registered in a country, performed on the national territory of another country. Cabotage law may restrict domestic cargo traffic to be carried in its own nationally registered, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cabotage that can be serviced by foreign registered fleet. |
C-commerce | Collaborative commerce (also known as C-commerce), (i) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community (industry, industry segment, supply chain or supply chain segment); (ii) is the optimization of supply and distribution channels to capitalize on the global economy by using new technology efficiently. Advantages of C-commerce, to detail few include (i) maximization of organization's efficiency and profitability (ii) technology integration with physical channels to allow companies to work together (iii) increased information exchange such as inventory and product specifications, using the web as an intermediary (iv) increased competitiveness by reaching a broader audience. Examples of C-commerce, also known as peer-to-peer commerce, include (i) companies that allow consumers to rent things from each other, or marketplaces, such as Meta (formerly Facebook) Marketplace, that allow the sale of used goods; (ii) DoorDash teamed up with many national brands, such as McDonald’s and Chipotle, to offer fast food delivery, building their business model on c-commerce. They have since expanded their delivery service from restaurants to retailers and even offer 'fleets' of drivers to businesses. |
Courier | A business/company that delivers packages/parcels/shipments (upto 70 kgs) including quick door to door pickup and delivery service for goods or documents, domestically or internationally, on a commercial contract basis. Example, DHL Group, FedEx, United Parcel Service of America, Inc., USPS, International Distributions Services, J&T Express, SF Express among several others |
Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. It requires close synchronization of both inbound and outbound movements. It is highly significant in reduction of costs pertaining to warehousing & storage (and the associated Value Added Services). |
Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and the country of unloading/disembarkation. Cross Trade law may restrict international cargo traffic to be carried by respective country's registered vehicles, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cross trade that can be serviced by foreign registered fleet. |
Customs Clearance | The process of declaring and clearing cargoes through customs. It includes the procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo. In this regard, a customs broker is a person or company licensed by the respective department of the country to act on behalf of freight importers and exporters. |
Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases (compressed, liquified, dissolved under pressure), corrosives, oxidising substances, explosive substances and articles, substances which on contact with water emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
First mile Delivery | First mile delivery refers to the (i) first stage of the freight/shipment/cargo/courier transportation (ii) the transportation of goods from a merchant’s premises or warehouse to the next fulfillment centre/warehouse/hub from where the goods are forwarded (iii) shipping goods from local distribution centers to stores (For retailers) (iv) transportation of finished goods from a plant or a factory to a distribution center (For manufacturers), (v) pick up of goods from the end-customer’s home or store followed by movement to a warehouse or storage location (movers and packers), (vi) process where goods are picked up from a retailer and then transferred to third-party logistics providers or courier service providers to be delivered to the end-consumer (e-commerce). Once the package reaches the next warehouse or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. Example, if one chooses UPS as a courier, first-mile delivery will be the product being delivered from manufacturer's/retailer's warehouse to the UPS’s warehouse/ fulfilment centre. |
Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub (warehouse or a distribution center or fulfillment centre) to its final destination, which usually is a personal residence/retail store/ business, or parcel locker. It accounts for around half of the total cost involved in entire process of first mile, middle mile, and last mile delivery, though it can vary shipment to shipment, based on commodity, business model and similar factors. |
Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer, using lean management principles applied to logistics. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. A milk run can be a more efficient way to handle logistics but require proper planning. If the route involves products from different companies, there is need for an agreement about cost-sharing and other aspects of the cooperative delivery arrangement. Once the group settles these issues, this delivery method can save time and money for everyone by pooling operation costs and resources. |
Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates one's cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. Apart from costing some of the other advantages include (i) flexibility to choose suppliers from a wider range of origin countries without worrying about the logistics to final destination from each origin, (ii) ability to pick the most suitable suppliers from many different countries for one's business operations. The increase in one's sourcing options by MCC provides the kind of flexibility needed in competitive global markets. |
Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. The companies providing Q-Commerce services might have vertically intergrated model or might be using third party delivery platforms (outsourced logistics). It has advantages like (i) competitve USP, (ii) potential to earn greater profit margins, (iii) better customer experience, (iv) guaranteed availability of products, (v) traceability, and (vi) scaleability. |
ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers and may involve ciruclar economy principles (3Rs) viz. recycling, reuse (repurposing, reselling), reducing or repairing. In this regard, reverse commerce (or Recommerce) is the selling of previously owned items through physical or online marketplaces/distribution channels to buyers who reuse, recycle or resell them. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms