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The market is segmented by Type (Outsourced, Insourced), by End User (Manufacturing & Automotive, Consumer Goods & Retail, High-Tech, Healthcare & Pharmaceuticals, and Other End Users), and by Country.
The market for contract logistics in Asia Pacific region is anticipated to grow at a CAGR of more than 5.5% during the forecast period (2019-2024).
A complete background analysis of Asia Pacific contract logistics market, market overview, market size estimation for key segments and emerging trends by segments, and market dynamics are covered in the report.
|By End User|
|Manufacturing & Automotive|
|Consumer Goods & Retail|
|Healthcare & Pharmaceuticals|
|Other End Users|
|Rest of Asia Pacific|
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China accounts for major share of the contract logistics market in the region and is expected to maintain its dominance during the forecast period. The share of china in Asia Pacific contract logistics market is estimated to be more than 30%. The growing demand for high-tech products and automobiles is boosting the industrial production in countries such as China and Japan.
Moreover, the ambitious Belt and Road Initiative (BRI) project of the country is expected to boost the trade of the country further. The usage of advanced technologies such as robotics, automation, artificial intelligence in logistics sector is relatively more in China which makes the country a leader in logistics industry.
Consumer goods & retail and automotive are two key end-users of the contract logistics in China. In Aug 2018, Kuehne + Nagel entered into partnership with Sincero, a Chinese automotive logistics group with a nation-wide operation coverage, to invest in a joint venture focusing on contract logistics for the automotive sector.
The rising labor costs has been a challenge for the manufacturing sector in China and a number of manufacturers are considering to move their production bases outside China, especially nearby ASEAN with cheaper labor costs. This drives the contract logistics in the ASEAN region. However, the sector moving up the value chain is expected to result in steady growth and offset the results of high-cost manufacturing.
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APAC is leading the global e-commerce market with high internet and mobile penetration coupled with a large young and middle-class population. The region is also a home to a large number of SMEs which are going online to increase their business opportunities. Contract logistics offers the e-commerce businesses of all sizes advantages such as easy management of business, advanced technological solutions, reduced risk, and scalability.
The region has become the center for global supply chain transformation, and a lot of capital is being put in development of new-generation logistics facilities. The rapid growth in e-commerce is also resulting in high demand for warehousing space. The operators are spending millions of dollars to secure a warehouse in strategic location which allow them to reduce delivery times.
The e-commerce market in the region is expected to grow at a CAGR of more than 10% through the forecast period. All the countries in the region are witnessing high growth in e-commerce generating demand for logistics services. In 2018, the e-commerce penetration rate in South Korea is highest in the world with share of e-commerce sales in total retail sales at 18%.
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The prominent players in the market include DHL, DB Schenker, Ceva Logistics, Kuehne + Nagel, DSV, and Geodis. Having a large market presence and differentiation of products and services is key to service providers to remain competitive in the market. The rising consumer demand in the region is pushing the companies to develop more sophisticated distribution network and strong optimization capabilities.
Consolidation trends within the contract logistics industry are visible and it also results in increased competition. In Feb 2019, DHL finalized a deal to transfer its supply chain operations in China to SF Holding in a ten-year strategic partnership to grow the business in China. This includes an upfront payment of EUR 700 million to DHL and revenue-based partnership fee over the next decade. The co-branded business will be named as SF DHL Supply Chain China.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.4 Value Chain / Supply Chain Analysis
4.5 Government Regulations and Initiatives
4.6 Technological Trends
4.7 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.8 Insights on Contract Logistics in the Context of After-Sales/Reverse Logistics
4.9 Brief on different services provided by Contract logistics players (Integrated warehousing & transportataion, supply chain services, and other value-added services)
4.10 Spotlight - Freight Transportation Costs/Freight Rates for Key Routes
4.11 Brief on Freight Transport Corridors
4.12 Insights on Key Special Economic Zones (SEZs) and Manufacturing Hubs
5. MARKET SEGMENTATION
5.1 By Type
5.2 By End User
5.2.1 Manufacturing & Automotive
5.2.2 Consumer Goods & Retail
5.2.4 Healthcare & Pharmaceuticals
5.2.5 Other End Users
5.3 By Country
5.3.4 South Korea
5.3.10 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration, Major Players)
6.2 Company Profiles (including Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements)
6.2.1 Deutsche Post DHL Group (DHL Supply Chain)
6.2.2 Kuehne + Nagel International AG
6.2.3 Schenker AG (DB Schenker)
6.2.4 CEVA Logistics
6.2.5 United Parcel Service Inc. (UPS Supply Chain Solutions)
6.2.6 Hitachi Transport System Ltd.
6.2.7 CJ Logistics
6.2.8 Nippon Express Co., Ltd.
6.2.9 Japan Post Holdings/Toll Group
6.2.10 Yusen Logistics Co., Ltd.
6.3 Other companies (Key Information/Overview)
6.3.1 Hellmann Worlwide Logistics, S.F.Holding Co. Ltd., Kerry Logistics Network Limited, Yamato holdings co.ltd., Leschaco Japan K.K., Agility Logistics Ltd., Rhenus Logistics, GAC, SNCF Logistics/Geodis, Linc Group, BCR Australia Pty Ltd., Silk Contract Logistics, DSV A/S*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8.1 GDP Distribution, by Activity and Region
8.2 Insights on Capital Flows
8.3 External Trade Statistics - Export and Import, by Product for key countries
8.4 Inisghts on Key Export Destinations of key countries
8.5 Insight on Key Import Origins of key countries
** Subject to Availability