Asia Pacific International Express Service Market Analysis
The Asia Pacific International Express Service Market size is estimated at 39.13 billion USD in 2025, and is expected to reach 56.64 billion USD by 2030, growing at a CAGR of 7.68% during the forecast period (2025-2030).
The Asia Pacific international express service landscape is experiencing significant transformation driven by deepening regional integration and trade cooperation. Intra-regional trade now accounts for more than 60% of Asian exports, second only to intra-EU exports at 68%, highlighting the region's growing self-sufficiency and interconnectedness. The establishment of strategic trade corridors, such as the Trans-Caspian International Transport Route (Middle Corridor), has facilitated enhanced connectivity between Southeast Asia, China, and European markets. In June 2024, the implementation of the "Green and Digital Shipping Corridor" between Japan and Singapore marks a significant advancement in sustainable logistics, with pilot projects focusing on alternative maritime fuels and infrastructure development.
Infrastructure development continues to play a pivotal role in shaping the region's logistics capabilities. In June 2024, construction commenced on a major USD 290 million upgrade for Australia's Bruce Highway, while Narita International Airport Corporation announced plans for a USD 6.06 billion expansion project including a new passenger terminal and enhanced cargo facilities. These developments are complemented by China's strategic investment in over 1,300 new infrastructure projects during 2021-2025, with investments exceeding USD 1.44 trillion in digital, smart, and innovative initiatives including 5G networks and artificial intelligence applications.
The healthcare logistics sector is emerging as a crucial component of the international logistics market, driven by increasing demand for medical supplies and equipment. The medical device market in the region is projected to reach approximately USD 225 billion by 2030, growing at a CAGR of 4.4% from 2022. This growth is supported by innovative logistics solutions, exemplified by JD Logistics' integration of express delivery services with Guang'anmen Hospital in China, which is expected to facilitate over 200,000 medical deliveries annually.
The market is witnessing substantial technological advancement and operational optimization through strategic partnerships and infrastructure development. International cross-border shipping from India alone is projected to reach USD 129 billion by 2025, reflecting the broader regional trend toward enhanced logistics capabilities. The integration of autonomous delivery solutions is gaining momentum, as evidenced by China Post's launch of its first integrated indoor and outdoor "Robot Plus" AI delivery solution in 2023, demonstrating the industry's commitment to leveraging cutting-edge technology for improved service efficiency and reliability.
Asia Pacific International Express Service Market Trends
Asia Pacific freight demands driven by global seaborne trade, which is triggering transport sector investments
- On May 17, 2024, a fair at Tokyo Station in Japan highlighted the growing use of high-speed passenger trains for light freight. This shift, driven by a shortage of commercial drivers and new overtime laws, has increased road delivery costs by up to 20%. Since August 2023, JR East has been running a same-day delivery service from Niigata to Tokyo using a dedicated 12-car Series E trainset. Items transported include fresh food, confectionery, drinks, flowers, precision components, and medical supplies. In September 2023, JR East launched a freight-only service on the Tohoku Shinkansen and now offers Hakobyun-branded freight services across its high-speed and Limited Express networks.
- In the 14th Five-Year Plan (2021-2025), China revealed goals for expanding its transportation network. By 2025, high-speed railways will extend to 50,000 kms, up from 38,000 kms in 2020, with 95% of cities with populations above 500,000 covered by 250-km lines. The country aims to increase its railway length to 165,000 kms, civil airports to over 270, subway lines in cities to 10,000 kms, expressways to 190,000 kms, and high-level inland waterways to 18,500 kms by 2025. The primary objective is to achieve integrated development by 2025, emphasizing advancements in the transformation of the transportation system and its contribution to GDP.
Owing to global uncertainties, crude oil prices are soaring in the Asian economies as most of them are net oil importers
- In 2023, China's crude oil imports rose by 11% to 563.99 MMT, driven by higher global oil prices due to the Russia-Ukraine War. In early 2024, imports increased by 5.1% YoY, reaching 88.31 MMT, as China capitalized on lower prices earlier. Brent futures peaked at USD 97.69 in September 2023, dropped to USD 72.29 in December, and rose to USD 84.05 by March 2024. OPEC+'s decision in March 2024 to extend output cuts has further boosted prices, raising concerns about global demand and potentially slowing China's imports in H2 2024.
- Australia's federal government will introduce a new fuel efficiency standard for passenger and light commercial vehicles starting January 1, 2025. This follows a one-month consultation period before drafting the new laws. Announced as part of the 2023 budget and linked to the EV strategy released in April 2023, the standard sets average CO2 targets for vehicle manufacturers. These targets will gradually decrease, requiring the production of more fuel-efficient and low or zero-emissions vehicles.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Asia is expected to have the lowest urbanization rate at 53% by 2030 despite a total urban population of over 2 billion
- Australia aims for agriculture to surpass USD 100 billion by 2030, with investments boosting infrastructure and growth
- China’s cross-border e-commerce surged 15.6% YoY in 2023, driven by government support and the Belt and Road Initiative
- Asia Pacific economies are striving toward robust export growth by 2030, driven by government initiatives to boost trade
- The Asia Pacific region is investing in transportation infrastructure to boost its connectivity and business opportunities
- India and China among the leading nations to boost agriculture, fishing, and forestry as economic drivers in APAC
- India, Australia, and Japan witnessed record high price increases due to high energy and utility cost since 2022
- India's manufacturing sector is set to hit USD 1 trillion by 2025, with laptops, tablets, and NEVs growing significantly
- Asia Pacific economies are registering huge growth in LNG imports, driven by scarce domestic production
- Asia-Pacific countries are boosting investments in economic and infrastructure development
Segment Analysis: Shipment Weight
Light Weight Shipments Segment in Asia Pacific International Express Service Market
The light weight shipments segment dominates the Asia Pacific international express service market, accounting for approximately 59% of the total market value in 2024. This significant market share is driven by the increasing adoption of cross-border e-commerce and the growing demand for small parcel deliveries. SF Express, one of the leading players in China specializing in international express deliveries, offers shipping services for goods weighing 0.5-5 kg. The delivery of cosmetics from major markets like Japan and Australia significantly contributes to this segment's dominance, with companies like Everglow Cosmetics utilizing DHL Express for global deliveries within three days on average. The segment's robust performance is further supported by major e-commerce retailers like Rakuten, which facilitates deliveries using Rakuten Global Express specifically formed for facilitating deliveries for goods purchased on Rakuten websites, offering super express service within 1-3 days using DHL and FedEx for international air freight and express delivery.

Light Weight Shipments Growth in Asia Pacific International Express Service Market
The light weight shipments segment is experiencing remarkable growth in the Asia Pacific international express service market, driven by the expansion of e-commerce platforms and increasing consumer demand for international products. The segment's growth is supported by strategic initiatives from major players like UBT Pro, which launched an international medicine courier called Medscourier covering countries like the United States, Canada, Germany, the United Arab Emirates, Singapore, Australia, the United Kingdom, and Saudi Arabia, facilitating deliveries within two days in selected countries. The segment's expansion is further bolstered by the rising demand for beauty and personal care products, with Japan's beauty care e-commerce revenue projected to reach significant levels. Major online retailers like mecca.com.au are facilitating international deliveries via Australia Post, offering express deliveries within an average of 1-3 days for goods weighing from 500 grams to 5 kg, contributing to the segment's sustained growth trajectory.
Remaining Segments in Shipment Weight
The heavy weight and medium weight shipments segments complete the market landscape, each serving distinct needs in the international express service sector. The heavy weight segment caters to larger commercial shipments and industrial goods, with major players like FedEx Express offering services for items weighing up to 68 kg. The medium weight segment serves as a crucial bridge between light and heavy shipments, particularly important for e-commerce platforms like Made-in-China.com, which launched international express delivery services to over 220 countries via partnerships with global carriers. Both segments benefit from the growing cross-border trade and the increasing demand for efficient logistics solutions across the Asia Pacific region.
Segment Analysis: Route
Inter-Region Segment in Asia Pacific International Express Service Market
The inter-region segment dominates the Asia Pacific international express service market, accounting for approximately 73% market share in 2024. This segment's prominence is largely driven by the strategic importance of major trade routes like the Asia-Europe trade route, which has witnessed significant infrastructure development including the China-Europe Railway Express connecting 168 cities from 23 countries with more than 50 Chinese cities. The International North-South Transport Corridor (INSTC), a 7,200-km multi-modal transport corridor, has further strengthened the inter-regional connectivity by linking Russia and India via Central Asia and Iran. The segment is projected to maintain its strong growth trajectory with an estimated growth rate of around 8% between 2024 and 2029, driven by the increasing trade volumes along the Indian Ocean routes, which are crucial for transporting hydrocarbons from the Arab Peninsula across the world, with 85-90% of annual world petroleum flows passing through strategic chokepoints like the Strait of Malacca and Hormuz.
Intra-Region Segment in Asia Pacific International Express Service Market
The intra-region segment plays a vital role in facilitating trade within the Asia Pacific region, leveraging the region's position as the world's leading maritime cargo handling center. Asia accounts for 42% of exports and 64% of imports in maritime cargo handling, with approximately 40% of total containerized trade occurring on the main East-West routes. The Port of Singapore, serving as the busiest transshipment port globally, handles 20% of the world's transshipment traffic. The segment's growth is further supported by strong trade relationships between regional powers, such as the China-India trade corridor utilizing key ports like Shenzhen, Nansha, Ningbo, Tianjin, and Shanghai for exports to Indian ports including New Delhi, Chennai, Kolkata, Mundra, and Nhava Sheva. The Strait of Malacca serves as a crucial link between the Indian Ocean and the South China Sea, facilitating over 83,000 vessels annually and accounting for nearly 40% of global traffic.
Segment Analysis: End User Industry
E-Commerce Segment in Asia Pacific International Express Service Market
The e-commerce segment dominates the Asia Pacific international express service market, commanding approximately 43% market share in 2024, while also emerging as the fastest-growing segment. The segment's strong performance is primarily driven by the increasing adoption of cross-border e-commerce across the region, with partnerships between courier companies and e-commerce players becoming increasingly prevalent. International express services are becoming crucial for e-commerce operations as consumers expect quick and convenient delivery of their orders. The pandemic has fundamentally transformed shopping behaviors, accelerating the shift toward online purchasing. Companies like iThink Logistics have launched international shipping services portals to support booming e-commerce businesses and D2C brands in expanding their global market reach. The development of robust digital infrastructure and technological advancements across Asia Pacific countries has further contributed to this segment's growth trajectory. Cross-border e-commerce spending accounts for significant portions of total e-commerce sales in various countries, with China, the United States, and Singapore emerging as key trading partners.
Remaining Segments in End User Industry
The healthcare segment has shown substantial growth potential, driven by increasing demand for medical supplies and rising healthcare spending across the region. The manufacturing segment continues to be significant, particularly with countries like India positioning themselves as attractive hubs for foreign investments in manufacturing. The financial services (BFSI) sector maintains steady growth through the delivery of banking documents, credit cards, and other financial instruments. The primary industry segment, encompassing agricultural and mining sectors, benefits from the rising demand for fresh produce and mineral resources. The wholesale and retail trade (offline) segment remains relevant through traditional business operations and cross-border commerce activities. Each of these segments contributes uniquely to the market's dynamics, influenced by factors such as regulatory environments, technological adoption, and changing consumer preferences across different Asia Pacific countries.
Asia Pacific International Express Service Market Geography Segment Analysis
International Express Service Market in China
China dominates the Asia Pacific international express service market, commanding approximately 73% of the total market share in 2024. The country's robust cross-border e-commerce sector has been a significant driver, with B2B e-commerce market value reaching Yuan 31.4 trillion in recent years. The market has witnessed substantial growth in international parcel delivery, with traditional foreign trade exports being redirected to international e-commerce trade channels. The COVID-19 pandemic's disruption of traditional B2B supply chains prompted downstream purchasers to increasingly utilize third-party B2B cross-border e-commerce platforms for upstream supply chain resources. This shift has catalyzed significant growth in third-party courier partner platforms and triggered innovative developments across the entire B2B model in China. The country's express delivery infrastructure continues to evolve, with major players investing in advanced technologies and expanding their service networks to meet growing demand.
International Express Service Market in Vietnam
Vietnam's international express service market is projected to grow at approximately 9% CAGR from 2024 to 2029, positioning it as the fastest-growing market in the region. The country has emerged as a leading market for cross-border e-commerce, with Vietnamese consumers demonstrating strong engagement in international online shopping. The market's expansion is supported by significant investments in logistics infrastructure and technological advancement. Best Express, a major player in the market, has substantially increased its processing capacity to 2.2 million orders per day, implementing improved sorting systems and efficient parcel handling processes. The country's strategic location in Southeast Asia, coupled with its growing manufacturing sector and increasing integration with global supply chains, has created favorable conditions for international courier services. Vietnam's position as a regional leader in online purchases, averaging 104 orders per year per person, underscores the market's potential for sustained growth.
International Express Service Market in Japan
Japan's international express service market benefits from the country's sophisticated logistics infrastructure and extensive postal network of approximately 24,000 post offices. The market's development is characterized by efficient service delivery and high reliability standards, with most domestic packages being delivered within 1-2 days through basic delivery services. The country's express service providers have adapted to changing market demands by introducing specialized services, including same-day special express delivery in major cities. Cross-border e-commerce has emerged as a crucial growth driver, particularly in transactions with the United States and China. The market's evolution is further supported by strategic developments in air cargo handling capabilities at major airports, including Narita International, Tokyo International, and Kansai International, despite challenges such as rising fuel prices and currency fluctuations.
International Express Service Market in India
India's international express service market is experiencing significant transformation driven by the country's expanding cross-border trade activities and growing e-commerce sector. The market has witnessed substantial developments in infrastructure and service capabilities, with major international players establishing strategic partnerships with local logistics providers. The country's position as a manufacturing hub has strengthened its international courier services sector, supported by various government initiatives and policy interventions. Digital transformation in the logistics sector has enhanced operational efficiency and service quality, with providers implementing advanced tracking systems and automated sorting facilities. The market's growth is further bolstered by increasing adoption of cross-border e-commerce platforms and rising demand for time-sensitive deliveries across various industries, including pharmaceuticals, electronics, and retail sectors.
International Express Service Market in Other Countries
The international express service market in other Asia Pacific countries, including Australia, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand, demonstrates diverse growth patterns influenced by their unique economic and infrastructural characteristics. These markets are witnessing significant developments in cross-border e-commerce activities and digital transformation of logistics operations. Countries are increasingly focusing on enhancing their logistics infrastructure and implementing advanced technologies to improve service efficiency. Regional cooperation and trade agreements have facilitated better connectivity and service integration among these markets. The expansion of global courier providers into these countries has introduced advanced logistics solutions and improved service standards. These markets are characterized by growing consumer demand for international parcel delivery services and increasing adoption of digital platforms for cross-border transactions.
Asia Pacific International Express Service Industry Overview
Top Companies in Asia Pacific International Express Service Market
The leading companies in the market are driving innovation through enhanced digital capabilities, automated sorting facilities, and sustainable delivery solutions. Companies are expanding their air freight capacity and establishing new routes to meet rising intra-Asia demand and cross-border e-commerce growth. Strategic partnerships with e-commerce platforms, technology providers, and local logistics players have become crucial for market expansion. Operational agility is being achieved through investments in electric vehicles, automated mobile robots, and AI-powered delivery optimization systems. Companies are also focusing on developing specialized solutions for temperature-sensitive goods, establishing regional distribution centers, and implementing advanced tracking systems to improve service reliability and delivery speed.
Mix of Global Giants and Regional Leaders
The market structure features a combination of global logistics conglomerates and strong regional players, with international giants like DHL, FedEx, and UPS competing alongside established Asian companies like China Post and SF Express. The competitive landscape is moderately consolidated, with the top five players holding significant market share through their extensive network coverage and integrated service offerings. Market leaders have strengthened their positions through strategic acquisitions of local players, technology startups, and specialized logistics providers to enhance their service capabilities and geographical reach.
The market is characterized by increasing collaboration between traditional global express service providers and e-commerce platforms, creating new competitive dynamics. Regional players are leveraging their local market knowledge and established networks to compete effectively with global players, particularly in emerging markets. Companies are forming strategic alliances to share resources, optimize routes, and enhance cross-border delivery capabilities, leading to a more interconnected competitive landscape.
Innovation and Network Expansion Drive Success
Success in the market increasingly depends on companies' ability to invest in digital transformation, sustainable operations, and network optimization. Incumbents are focusing on expanding their air freight capacity, establishing new distribution centers, and developing specialized solutions for high-growth segments like e-commerce and healthcare. Market leaders are also prioritizing sustainability initiatives, including electric vehicle adoption and green packaging solutions, to meet evolving customer expectations and regulatory requirements.
For contenders looking to gain market share, the key focus areas include developing niche market expertise, establishing strategic partnerships with e-commerce platforms, and investing in last-mile delivery capabilities. Companies must also address the growing demand for value-added services, such as customs clearance assistance and real-time tracking solutions. The regulatory landscape, particularly regarding cross-border trade and environmental standards, continues to shape competitive strategies, while the risk of substitution remains low due to the specialized nature of international courier service and high barriers to entry.
Asia Pacific International Express Service Market Leaders
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China Post
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DHL Group
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FedEx
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United Parcel Service of America, Inc. (UPS)
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Yamato Holdings Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
Asia Pacific International Express Service Market News
- June 2023: China Post launched its first integrated indoor and outdoor “Robot Plus” AI delivery solution in China. The intelligent delivery solution relies on a combination of unmanned vehicles outdoors and robots indoors, constructing an integrated indoor and outdoor unmanned distribution mode and developing a last-mile logistics network with AI transport capacity sharing.
- April 2023: China Post and the Automobile Consumption Financial Center of Ping An Bank Co. Ltd launched an intelligent archives service center in Guangdong to promote the service integration of auto finance and express and logistics businesses.
- March 2023: Colowide MD Co. Ltd, which oversees merchandising for the Colowide Group, and Yamato Transport Co. Ltd entered an agreement. The two companies will promote the visualization and optimization of the entire supply chain of Colowide Group, which operates multiple brands such as Gyu-Kaku, Kappa Sushi, and OOTOYA.
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Asia Pacific International Express Service 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
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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
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4.12 Regulatory Framework
- 4.12.1 Australia
- 4.12.2 China
- 4.12.3 India
- 4.12.4 Indonesia
- 4.12.5 Japan
- 4.12.6 Malaysia
- 4.12.7 Pakistan
- 4.12.8 Philippines
- 4.12.9 Thailand
- 4.12.10 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 Shipment Weight
- 5.1.1 Heavy Weight Shipments
- 5.1.2 Light Weight Shipments
- 5.1.3 Medium Weight Shipments
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5.2 Route
- 5.2.1 Inter-Region
- 5.2.2 Intra-Region
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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 Country
- 5.4.1 Australia
- 5.4.2 China
- 5.4.3 India
- 5.4.4 Indonesia
- 5.4.5 Japan
- 5.4.6 Malaysia
- 5.4.7 Pakistan
- 5.4.8 Philippines
- 5.4.9 Thailand
- 5.4.10 Vietnam
- 5.4.11 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Blue Dart Express Limited
- 6.4.2 China Post
- 6.4.3 CJ Logistics Corporation
- 6.4.4 DHL Group
- 6.4.5 DTDC Express Limited
- 6.4.6 FedEx
- 6.4.7 JWD Group
- 6.4.8 SF Express (KEX-SF)
- 6.4.9 SG Holdings Co., Ltd.
- 6.4.10 Shanghai YTO Express (Logistics) Co., Ltd.
- 6.4.11 United Parcel Service of America, Inc. (UPS)
- 6.4.12 Yamato Holdings Co., Ltd.
- 6.4.13 ZTO Express
- *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, ASIA PACIFIC, 2017 - 2030
- Figure 2:
- POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, ASIA PACIFIC, 2017 - 2030
- Figure 3:
- POPULATION DENSITY, POPULATION/SQ. KM, ASIA PACIFIC, 2017 - 2030
- Figure 4:
- GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, ASIA PACIFIC, 2017 - 2022
- Figure 5:
- FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), ASIA PACIFIC, 2017 - 2022
- Figure 6:
- POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, ASIA PACIFIC, 2022
- Figure 7:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, ASIA PACIFIC, 2022
- Figure 8:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, ASIA PACIFIC, 2017 – 2022
- Figure 9:
- WHOLESALE PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 10:
- CONSUMER PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 11:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, ASIA PACIFIC, 2017 - 2027
- Figure 12:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, ASIA PACIFIC, 2022
- Figure 13:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, ASIA PACIFIC, 2017 - 2022
- Figure 14:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, ASIA PACIFIC, 2022
- Figure 15:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, ASIA PACIFIC, 2017 – 2022
- Figure 16:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, ASIA PACIFIC, 2022
- Figure 17:
- VALUE OF EXPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 18:
- VALUE OF IMPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 19:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, ASIA PACIFIC, 2017 - 2022
- Figure 20:
- RANK OF LOGISTICS PERFORMANCE, RANK, ASIA PACIFIC, 2010 - 2023
- Figure 21:
- LENGTH OF ROADS, KM, ASIA PACIFIC, 2017 - 2022
- Figure 22:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASIA PACIFIC, 2022
- Figure 23:
- SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, ASIA PACIFIC, 2022
- Figure 24:
- RAIL LENGTH, KM, ASIA PACIFIC, 2017 - 2022
- Figure 25:
- CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), ASIA PACIFIC, 2022
- Figure 26:
- CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, ASIA PACIFIC, 2022
- Figure 27:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 28:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY SHIPMENT WEIGHT, USD, ASIA PACIFIC 2017 - 2030
- Figure 29:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY SHIPMENT WEIGHT, %, ASIA PACIFIC, 2017 - 2030
- Figure 30:
- VALUE OF HEAVY WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 31:
- VALUE OF LIGHT WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 32:
- VALUE OF MEDIUM WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 33:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY ROUTE, USD, ASIA PACIFIC 2017 - 2030
- Figure 34:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY ROUTE, %, ASIA PACIFIC, 2017 - 2030
- Figure 35:
- VALUE OF INTER-REGION INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 36:
- VALUE OF INTRA-REGION INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 37:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, USD, ASIA PACIFIC 2017 - 2030
- Figure 38:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 39:
- VALUE OF E-COMMERCE INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 40:
- VALUE OF FINANCIAL SERVICES (BFSI) INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 41:
- VALUE OF HEALTHCARE INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 42:
- VALUE OF MANUFACTURING INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 43:
- VALUE OF PRIMARY INDUSTRY INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 44:
- VALUE OF WHOLESALE AND RETAIL TRADE (OFFLINE) INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 45:
- VALUE OF OTHERS INTERNATIONAL EXPRESS SERVICE MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 46:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, ASIA PACIFIC 2017 - 2030
- Figure 47:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 48:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, AUSTRALIA, 2017 - 2030
- Figure 49:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CHINA, 2017 - 2030
- Figure 50:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, INDIA, 2017 - 2030
- Figure 51:
- VALUE SHARE OF INDIA INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, INDIA, 2022 VS 2030
- Figure 52:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, INDONESIA, 2017 - 2030
- Figure 53:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, JAPAN, 2017 - 2030
- Figure 54:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, MALAYSIA, 2017 - 2030
- Figure 55:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, PAKISTAN, 2017 - 2030
- Figure 56:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, PHILIPPINES, 2017 - 2030
- Figure 57:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, THAILAND, 2017 - 2030
- Figure 58:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, VIETNAM, 2017 - 2030
- Figure 59:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 60:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 61:
- MOST ADOPTED STRATEGIES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 62:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA PACIFIC
Asia Pacific International Express Service Industry Segmentation
Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Inter-Region, Intra-Region are covered as segments by Route. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry. Australia, China, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.Shipment Weight | Heavy Weight Shipments |
Light Weight Shipments | |
Medium Weight Shipments | |
Route | Inter-Region |
Intra-Region | |
End User Industry | E-Commerce |
Financial Services (BFSI) | |
Healthcare | |
Manufacturing | |
Primary Industry | |
Wholesale and Retail Trade (Offline) | |
Others | |
Country | Australia |
China | |
India | |
Indonesia | |
Japan | |
Malaysia | |
Pakistan | |
Philippines | |
Thailand | |
Vietnam | |
Rest of Asia Pacific |
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 |
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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