Southeast Asia Third-Party Logistics Market Size, Share, Opportunities, & Business Forecast To 2030

The South East Asia Third-Party Logistics (3PL) market is foreseeing a high growth due to robust economic growth in countries like Vietnam, boom in number of retail and e-commerce players, and rise in disposable income of people. In addition, mushrooming foreign direct investment, rapid industrialization in countries such as Thailand, coupled with growth in reverse logistics operations, and extensive initiatives undertaken by governments in the region to accelerate 3PL in the countries is projected to fuel the demand for 3PL services in the forecast period.

According to MarkNtel Advisors’ research report titled “Southeast Asia Third-Party Logistics (3PL) Market size was valued at around USD 26.6 billion in 2023 and is estimated to grow at a CAGR of about 6.1% during the forecast period, i.e., 2024-30. Based on mode, roadways segment captured the majority market share in the Third-Party Logistics market and is anticipated to continue its dominance throughout the forecast period.

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Southeast Asia Third-Party Logistics (3PL) Market  Segmentation Highlight:

• By Solution(Transportation Management, Domestic, International, Warehousing & Distribution, Dedicated Contract Carriage (DCC), Logistics software, Others (Financial, Information, etc.))

• By Transportation Mode (Rail, Road, Air, Sea)

Road transportation holds the maximum demand in the Third-Party Logistics (3PL) Market. This is mainly attributed to its high versatility, capable of accommodating a wide range of cargo, from small parcels to large shipments. This adaptability makes it an attractive choice for businesses with diverse transportation needs. Furthermore, road transportation offers door-to-door delivery, providing convenience and accessibility to both urban & rural areas. It is one of the most cost-effective and time-efficient modes for short to medium-distance shipments, serving as a crucial link in the supply chain.

• By End User (Manufacturing, Healthcare & Pharmaceuticals, Retail & E-commerce, Automotive, Consumer Goods, Food & Beverage, Others)

• By Country (Indonesia Thailand, The Philippines, Vietnam, Malaysia, Singapore, Rest of Southeast Asia)

Singapore Exhibited Significant Market Share

Singapore acquired the significant market share in the Southeast Asia Third-Party Logistic market owing to considerable number of cross-border e-commerce activities with other countries. Apart from this, rising international trade and investment, increasing internet and mobile penetration along with burgeoning logistics options is anticipated to strongly contribute to the market of 3PL in the country.

Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/southeast-asia-third-party-logistics-market.html

Competitive Landscape

According to MarkNtel Advisors, the key players with a considerable market share in Southeast Asia include Deutsche Post (DHL), Nippon Express, C.H. Robinson, Kuehne + Nagel International, FedEx, DB Schenker, DSV, Geodis, United Parcel Service of America (UPS), Others.

Key questions answered in the study

1. What are the current and future trends of the Third-Party Logistics industry?

2. How the industry has been evolving in terms of end-user demand and application areas?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the Third-Party Logistics industry?

5. What is the customer orientation, purchase behavior, and expectations from the Third-Party Logistics firms across various regions?

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Insights offered by MarkNtel Advisors comprise in-depth information on regional & country-based trends emerging in the industry. The team studies & compiles the prospects, ensuring consistency in reports.

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