Yahoo Finance E-commerce Logistics Market In Southeast Asia to Increase by USD 85.12 billion, North America to Offer Maximum Growth Opportunity - Technavio
NEW YORK, Jan. 29, 2024 /PRNewswire/ -- The e-commerce logistics market in Southeast Asia is expected to grow by USD 85.12 billion between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 21.25% during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Key Highlights:
The report recognizes the following as some of the key players: BSA Logistics Indonesia, Deutsche Post AG, DRB HICOM Berhad, FedEx Corp., Flexport Inc., GDEX Berhad, GOGOX Holdings Ltd., Grab Holdings Ltd., Kuehne Nagel Management AG, Magsaysay Shipping and Logistics Group, Ninja Van Group, PT IDEXPRESS LOGISTIK Indonesia, PT Wahana Prestasi Logistik, PT. Global Jet Express, PT. SiCepat Ekspres Indonesia, PT. Tiki Jalur Nugraha Ekakurir, PT. Tri Adi Bersama, SF Express Co. Ltd., and PT Dakota Buana Semesta
Market is fragmented in nature.
Market to observe 19.49% YOY growth in 2024.
The rise in social commerce is the key factor driving growth. Social commerce utilizes social media and online platforms for buying and selling products. It enables transaction-based interactions and experiences, allowing customers to purchase directly from their social feeds. Major social media platforms like Facebook, Instagram, YouTube, Pinterest, and Snapchat are key players in this space, benefiting retail brands by driving traffic, expanding reach, and increasing consumer trust, leading to a surge in e-commerce orders.
The emergence of supermarket mini-distribution centers is the primary trend shaping growth.
A shortage of skilled workforce and trained professionals is a challenge that affects growth.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
The domestic segment is estimated to witness significant growth during the forecast period. The segment is experiencing growth due to economic expansion and advancements in e-commerce logistics and inventory management. Organizations are investing to sustain growth and productivity. Factors driving market research and domestic segment growth include digital transformation, cloud solutions among SMEs, and workforce management modernization in Southeast Asia.
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Benefits and Applications in Southeast Asia
E-commerce logistics in Southeast Asia offers numerous benefits like efficient supply chain management, streamlined fulfillment, and optimized last-mile delivery. It includes warehousing, transportation, and cross-border shipping with a focus on inventory management and order processing. The logistics process also involves reverse logistics, freight forwarding, and customs clearance, along with packaging and 3PL services. Technology solutions enable tracking, tracing, and courier services for express delivery, route optimization, and inventory visibility. Distribution centers play a key role in cargo handling and e-fulfillment, while demand forecasting ensures efficient multi-channel distribution.
Related Reports:
The cross-border e-commerce logistics market size is estimated to grow by USD 67.22 billion at a CAGR of 12.54% between 2022 and 2027.
The logistics automation market size is forecast to increase by USD 20.27 billion, at a CAGR of 9.41% between 2023 and 2028.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Mode of Transportation
Segmentation by Service
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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