Market Research Report
ASEAN e-commerce logistics Market 2021-2027
|ASEAN e-commerce logistics Market 2021-2027|
Published: July 10, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Full-title:ASEAN e-commerce logistics Market Size, Share & Trends Analysis Report By Service Type (Transportation Services, Warehousing Services, and Other E-Commerce Logistics Services), By Product (Baby Products, Personal Care Products, Books, Home Furnishing Products, Apparel Products, Electronics Products, Automotive Products, and Others), and by Location (Urban, Semi-Urban, and Rural) Forecast, 2021-2027.
The ASEAN e-commerce logistics market is anticipated to grow at a considerable CAGR of around 20.6% during the forecast period (2021-2027). The major factors that augmented the market growth include the increase in e-commerce sales, and technological expansion such as application to improve control of shipping movement and logistics that includes drones, and optimization of vehicle routing and efficiency, such as platooning of trucks. Moreover, the exciting discounts offered by the e-commerce companies, the explosion of mobile internet penetration have also played an important role in the growth of the market. Additionally, the key players in the e-commerce logistics systems follow enhanced communication, and transparency in the supply chain, and cost reduction, improvement in efficiency, and on-time delivery, which are some of the major factors that boost the market growth. Additionally, the opportunities created by e-commerce in logistics such as more substitutes for sourcing cargo capacity, additional options for enhanced organization, and tracking of shipments, and more transparency in terms of shipping rates.
The COVID-19 pandemic pushes e-commerce logistics market profits into new heights, the logistics companies are seizing the opportunity. The structure of the economy creates this challenge, and new plain, with millions of small shops that are now coming online for the first time. Additionally, the big-box retailers working over a technology interface. The companies such as, Amazon, and one of the Chinese e-commerce leaders Alibaba developed platforms that offer digital infrastructure for smaller sellers. That is an active progression than just moving a product from a warehouse to a buyer. The companies also provide their service through logistics-management software or drone delivery.
ASEAN e-commerce logistics market is segmented based on service, material, product, and location. Based on service type, the ASEAN e-commerce logistics market is segmented into transportation services, warehousing services, other e-commerce logistics services. Based on product, the ASEAN e-commerce logistics market is segmented into baby products, personal care products, books, home furnishing products, apparel products, electronics products, automotive products, others. Based on location, the market is classified into urban, semi-urban and rural.
ASEAN e-commerce logistics market is evaluated based on the geographical regions that are contributing considerably growth towards the market. Based on the geography, the market is segmented into Indonesia, Thailand, Malaysia, Singapore, and the rest of ASEAN. Indonesia has the largest market share of e-commerce logistics among all the ASEAN countries due to its large customer base, rise in disposable income, increase in online shopping. Thailand and Singapore follow Indonesia and subsidize considerably to the growth of the ASEAN e-commerce logistics market. Both countries have good infrastructure and a growing number of internet users. For instance, in 2019, Amazon entered the Singapore market, and the Korean e-commerce giant, Coupang, will be looking to enter soon. Key players of the ASEAN e-commerce logistics market include United Parcel Service, Inc., FedEx Corp., LBC Express Holdings Inc., LAZADA Group, Rakuten Group, and others.
The market study of the ASEAN e-commerce logistics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.