ASEAN E-commerce Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The ASEAN E-commerce Logistics Market is segmented by Service (Transportation, Warehousing and Inventory Management, and Value-added Services (Labeling, Packaging, etc.)), Business (B2B and B2C), Destination (Domestic and International/Cross-border), Product (Fashion and Apparel, Consumer Electronics, Home Appliances, Furniture, Beauty and Personal Care Products, and Other Products (Toys, Food Products, etc.)), and Country (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN).

Market Snapshot

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Study Period: 2017-2026
Base Year: 2020
CAGR: >6 %

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Market Overview

ASEAN e-commerce logistics is expected to experience a growth rate of more than 6% during the forecast period (2021 - 2026). Asia is benefiting more than any other region in the world when cross-border e-commerce has introduced new dynamics to international trade.

Singapore and Malaysia are among the countries with the highest quality of overall infrastructure, while others are either at or below the world average level. There are significant gaps in logistics infrastructure across countries. As for the region, the development still faces obstacles from poor quality of roads, incomplete road and railway networks, inadequate ports, and low service capability. However, the explosive growth of e-commerce and expansion of intra-regional markets favor the logistics industry.

International businesses are expected to benefit from ASEAN’s FTA network with reduced importer costs, improved custom clearances, and increased access to products eligible for preferential treatment. In addition, FTAs, like ASEAN-Australia-New Zealand Free Trade Area, ASEAN-China Free Trade Area, ASEAN-India Free Trade Area, ASEAN-Republic of Korea Free Trade Area, and ASEAN-Japan Comprehensive Economic Partnership, add to reduced logistics costs and improved efficiencies in the region.

Scope of the Report

E-commerce logistics refers to the transportation service provided to the online retail market. For an E-commerce company, logistics in the forward direction involves receiving an online order, arranging for the item, packaging, preparing its invoice, arranging the payment, dispatching, and delivering it to the customer's doorstep.

The report provides a comprehensive background analysis of the e-commerce logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study.

The market is segmented by service (transportation, warehousing and inventory management, and value-added services (labeling, packaging, etc.)), business (B2B and B2C), destination (domestic and international/cross-border), product (fashion and apparel, consumer electronics, home appliances, furniture, beauty and personal care products, and other products (toys, food products, etc.)), and country (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN).

By Service
Transportation
Warehousing and Inventory Management
Value-added Services (Labeling, Packaging, etc.)
By Business
B2B (Business-to-Business)
B2C (Business-to-Customrs)
By Destination
Domestic
International/Cross-border
By Product
Fashion and Apparel
Consumer Electronics
Home Appliances
Furniture
Beauty and Personal Care Products
Other Products (Toys, Food Products, etc.)
By Country
Singapore
Thailand
Vietnam
Indonesia
Malaysia
Philippines
Rest of ASEAN

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Key Market Trends

Growth in E-commerce in the Region

The Association of Southeast Asian Nations (ASEAN) member states, such as Singapore, Malaysia, and Indonesia, have been among the world’s top markets with the highest online shopping penetration rate. E-commerce in ASEAN member states is projected to achieve a double-digit average rate of growth. Indonesia has the largest and fastest-growing market contributing to nearly 45% of regional e-commerce revenue.

For ASEAN, the benefits of e-commerce go beyond creating trade and business opportunities. It also contributes to social cohesion and the region's overall economic development, which are important elements for regional integration.

The coronavirus pandemic has resulted in a new normal for communities with social isolation, work from home (WFH), and online shopping. As more people stay indoors over virus fears, consumers have turned to e-commerce for their everyday essential purchases, such as groceries and computer equipment.

Top players in this industry, such as Lazada, Shopee, and Tokopedia, spearheaded this growth before the COVID-19 outbreak by providing scalable, readily accessible platforms where smaller retail players may transact online and reach new consumers within and beyond Southeast Asia.

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Swift Development of Infrastructure

The United States and China are promoting competing economic programs in Southeast Asia. China’s Belt and Road Initiative (BRI) lends money to developing countries to construct infrastructure, primarily in transport and power. The Master Plan on ASEAN Connectivity (MPAC) 2025, adopted by ASEAN Leaders in September 2016 in Vientiane, Lao PDR, aims to achieve a seamlessly and comprehensively connected and integrated ASEAN that may promote competitiveness, inclusiveness, and a greater sense of community. It comprises fifteen initiatives in the five strategic areas of sustainable infrastructure, digital innovation, seamless logistics, regulatory excellence, and people mobility.

With expanding populations and increasing needs to sustain economic growth, there is heightening pressure on the abilities of infrastructure to cope in ASEAN. Therefore, in addition to investing in new projects, ASEAN Member States (AMS) need to get more out of the existing capacity.

The rail and road networks that contribute as ASEAN’s main economic corridors had been an ongoing priority. Success here has been due in no small part to the Chinese government’s financing and BRI projects. Until the COVID-19 pandemic, Chinese investments in regional connectivity —roads, railway lines, bridges, and ports — were creating all-new levels of regional connectivity.

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Competitive Landscape

As the demand for logistics services is growing rapidly across the region, companies are becoming more competitive to capture the huge opportunity. As a result, international players are making strategic investments to establish a regional logistics network, such as opening new distribution centers, smart warehouses, etc. Some of the leading players include DHL, Kerry Express, and Best Express, among others.

The growth of e-commerce is an important factor spurring the development of courier services. Increasing consumption and growing internet penetration are boosting e-commerce activity in ASEAN. To maintain cost competitiveness, companies that operate online prefer to work with third-party courier providers instead of hiring in-house delivery staff. As a result, global companies are actively investing in targeting the growth opportunity in the region.

Recent Developments

  • October 2020: Transcosmos Inc. announced its partnership with Lazada, a leading e-commerce platform in ASEAN. Transcosmos delivers clients' superior products into the hands of ASEAN consumers by enhancing its cross-border e-commerce services building on its bases in ASEAN countries and its e-commerce and distribution network.
  • October 2020: DHL Supply Chain Thailand announced a partnership with Shopee to support the Shopee 10.10 Brands Festival. Under the terms of the agreement, DHL Supply Chain may extend its logistics support to include the transportation of large and bulky items directly to its customers.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases Explained

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends and Automation

    3. 4.3 Government Regulations and Initiatives

    4. 4.4 Supply Chain/Value Chain Analysis

    5. 4.5 Impact of COVID-19 on the Market

    6. 4.6 Insights into the E-commerce Market

    7. 4.7 Spotlight - Key Hubs for E-commerce Logistics

    8. 4.8 Insights into Reverse/Return Logistics

    9. 4.9 E-commerce Deliveries During Festive Season

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

    2. 5.2 Market Restraints/Challenges

    3. 5.3 Market Opportunities

    4. 5.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Buyers/Consumers

      2. 5.4.2 Bargaining Power of Suppliers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Service

      1. 6.1.1 Transportation

      2. 6.1.2 Warehousing and Inventory Management

      3. 6.1.3 Value-added Services (Labeling, Packaging, etc.)

    2. 6.2 By Business

      1. 6.2.1 B2B (Business-to-Business)

      2. 6.2.2 B2C (Business-to-Customrs)

    3. 6.3 By Destination

      1. 6.3.1 Domestic

      2. 6.3.2 International/Cross-border

    4. 6.4 By Product

      1. 6.4.1 Fashion and Apparel

      2. 6.4.2 Consumer Electronics

      3. 6.4.3 Home Appliances

      4. 6.4.4 Furniture

      5. 6.4.5 Beauty and Personal Care Products

      6. 6.4.6 Other Products (Toys, Food Products, etc.)

    5. 6.5 By Country

      1. 6.5.1 Singapore

      2. 6.5.2 Thailand

      3. 6.5.3 Vietnam

      4. 6.5.4 Indonesia

      5. 6.5.5 Malaysia

      6. 6.5.6 Philippines

      7. 6.5.7 Rest of ASEAN

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Market Concentration Overview

    2. 7.2 Company Profiles

      1. 7.2.1 DHL Express

      2. 7.2.2 FedEx Corporation

      3. 7.2.3 DTDC Express

      4. 7.2.4 DB Schenker

      5. 7.2.5 Kerry Logistics

      6. 7.2.6 CH Robinson

      7. 7.2.7 CEVA Logistics

      8. 7.2.8 Kuehne Nagel

      9. 7.2.9 Nippon Express

      10. 7.2.10 Pos Indonesia

      11. 7.2.11 JNE Express

    3. *List Not Exhaustive
    4. 7.3 Other Companies

  8. 8. FUTURE OF THE MARKET

  9. 9. APPENDIX

    1. 9.1 Macroeconomic Indicators (GDP Distribution by Activity, Contribution of Transport/Courier Industry to Economy)

    2. 9.2 Key Statistics Related to Retail and E-commerce Sectors (such as Sales/Revenue, Consumer Preferences, etc.)

**Subject to Availability

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Frequently Asked Questions

The ASEAN E-commerce Logistics Market market is studied from 2017 - 2026.

The ASEAN E-commerce Logistics Market is growing at a CAGR of >6% over the next 5 years.

DHL Express, FedEx Corporation, DTDC Express, GEFCO Logistics, DB Schenker are the major companies operating in ASEAN E-commerce Logistics Market .

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