Southeast Asia Third-Party Logistics (3PL) Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Southeast Asia Third-Party Logistics (3PL) Market size was valued at around USD 17.5 billion in 2023 and is projected to reach USD 28.5 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2024-30. The focus on reliability and security, rising spending by many nations to bolster their aerial defense, a shift toward More Electric Aircraft (MEA), rising air travel demand, growing use of unmanned aerial vehicles (UAVs), strict environmental regulations, etc. are some of the major factors driving the growth of the Southeast Asia Third-Party Logistics (3PL) Market. Additionally, ongoing developments in power electronics, battery technology, and wiring materials are making it possible to create electrical components for airplanes that are lighter, more dependable, and more efficient. This makes it possible to install an aircraft electrical system that is more robust and adaptable.
Markntel Advisor’s Southeast Asia Third-Party Logistics (3PL) Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Southeast Asia Third-Party Logistics (3PL) Market drivers, barriers, Southeast Asia Third-Party Logistics (3PL) Market Trends, and Key Players in Southeast Asia Third-Party Logistics (3PL) Market.
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Southeast Asia Third-Party Logistics (3PL) Market Dynamics: 2024-2030
Southeast Asia Third-Party Logistics (3PL) Market Driver:
The 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. The market in Southeast Asia is experiencing robust growth driven by the expansion of various industries, including manufacturing, automotive, and e-commerce. These sectors rely on an array of logistics services such as transportation, warehousing, packaging, inventory management, and freight forwarding to ensure the efficient and timely delivery of their products. Consequently, the demand for third-party logistics providers is gaining significant traction across diverse industries as companies seek to achieve their operational objectives.
This upward trend is further propelled by the imperative of reducing overall operational costs, the increasing emphasis on punctual delivery, and the manufacturing sector’s shift toward reducing assets & concentrating on core business activities. Third-party logistics services offer a valuable solution for managing fluctuations in product demand during different seasons. These factors collectively contribute to the continuous expansion of the market across the region.
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Southeast Asia Third-Party Logistics (3PL) Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Solution
- Transportation Management- Market Size & Forecast 2019-2030F, USD Million
- Domestic- Market Size & Forecast 2019-2030F, USD Million
- International- Market Size & Forecast 2019-2030F, USD Million
- Warehousing & Distribution- Market Size & Forecast 2019-2030F, USD Million
- Dedicated Contract Carriage (DCC)- Market Size & Forecast 2019-2030F, USD Million
- Logistics software- Market Size & Forecast 2019-2030F, USD Million
- Others (Financial, Information, etc.)- Market Size & Forecast 2019-2030F, USD Million
- Transportation Management- Market Size & Forecast 2019-2030F, USD Million
- By Transportation Mode
- Rail- Market Size & Forecast 2019-2030F, USD Million
- Road- Market Size & Forecast 2019-2030F, USD Million
- Air- Market Size & Forecast 2019-2030F, USD Million
- Sea- Market Size & Forecast 2019-2030F, USD Million
- By End User
- Manufacturing- Market Size & Forecast 2019-2030F, USD Million
- Healthcare & Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million
- Retail & E-commerce- Market Size & Forecast 2019-2030F, USD Million
- Automotive- Market Size & Forecast 2019-2030F, USD Million
- Consumer Goods- Market Size & Forecast 2019-2030F, USD Million
- Food & Beverage- Market Size & Forecast 2019-2030F, USD Million
- Others- Market Size & Forecast 2019-2030F, USD Million
- By Country
- Indonesia
- Thailand
- The Philippines
- Vietnam
- Malaysia
- Singapore
- Rest of Southeast Asia
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Top Companies Operating in the Southeast Asia Third-Party Logistics (3PL) Market:
- Deutsche Post (DHL)
- Nippon Express
- C.H. Robinson
- Kuehne + Nagel International
- FedEx
- DB Schenker
- DSV
- Geodis
- United Parcel Service of America (UPS)
- Sinotrans
- Others
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