The ASEAN Freight and Logistics Market Report is Segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, and More), by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage, and Other Services), and by Country (Indonesia, Malaysia, Thailand, Vietnam, and Rest of ASEAN). The Market Forecasts are Provided in Terms of Value (USD).

ASEAN Freight and Logistics Market size was valued at USD 348.40 Billion in 2024 and is projected to reach USD 572.81 Billion by 2032, growing at a CAGR of 6.40% from 2026 to 2032.

ASEAN Freight and Logistics Market Drivers

Increasing Trade Volumes and Economic Growth: The ASEAN region is a growing economic hub with increasing intra-regional and international trade, driving the demand for efficient logistics services to move goods. E-commerce Boom: The rapid expansion of e-commerce across ASEAN countries necessitates robust logistics and last-mile delivery solutions to handle the surge in online retail. Infrastructure Development: Significant investments by ASEAN economies in transportation infrastructure, including roads, railways, ports, and airports, are improving connectivity and facilitating freight movement. Rising Consumer Demand: Increasing disposable incomes and urbanization within ASEAN are leading to higher consumer spending, driving demand for a wider range of goods and the logistics services to deliver them. Government Initiatives and Policies: Many ASEAN governments are implementing policies and initiatives to improve logistics efficiency, reduce trade barriers, and promote regional connectivity. The ASEAN Single Window is an example of such an initiative.

The ASEAN Road Freight Transport Market Report is Segmented by End User Industry (Manufacturing, and More), Destination (Domestic and International), Truckload Specification (FTL and LTL), Distance (Long Haul and Short Haul), Goods Configuration (Fluid Goods and Solid Goods), Temperature Control (Non-Temperature and Temperature Controlled), Containerization, and Country. The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming ASEAN Freight & Logistics market! This in-depth analysis reveals a CAGR exceeding 5%, driven by e-commerce, manufacturing growth, and regional trade. Explore key segments, trends, and top players shaping this dynamic market projected to reach significant value by 2033. Recent developments include: January 2024: DHL Express has commenced services for the final Boeing 777 freighter deployed at the South Asia Hub in Singapore. With a payload capability of 102 tons, the aircraft joins the four other Boeing 777 freighters already deployed in Singapore to boost inter-continental connectivity between the Asia Pacific and the Americas. Sporting a dual DHL-Singapore Airlines (SIA) livery, these five freighters provide a total of 1,224 tons of payload capacity to meet growing customer demand for international express shipping services.January 2024: Kuehne + Nagel has announced its Book & Claim insetting solution for electric vehicles, to improve its decarbonization solutions. Developing Book & Claim insetting solutions for road freight was a strategic priority for Kuehne + Nagel. Customers who use Kuehne + Nagel's road transport services can now claim the carbon reductions of electric trucks when it is not possible to physically move their goods on these vehicles.December 2023: PT Yusen Logistics Solutions (Indonesia), a major subsidiary of NYK Line has opened its new temperature-controlled cold storage facility in Bekasi, Indonesia. It is specifically catered for pharmaceutical and medical devices. This new cold storage facility was a part of the company's strategy to provide healthcare customers with an additional cold chain storage facility in compliment to Yusen’s existing international forwarding, customs brokerage, and domestic transport services.. Key drivers for this market are: 4., Increase demand of Petrochemical is driving the market4.; Increase in Investments is driving the market. Potential restraints include: 4., High Cost of Operations. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Discover the booming ASEAN road freight market, projected to reach [Value in USD] by 2025 and grow at a CAGR of 5.98% until 2033. This in-depth analysis explores market drivers, trends, restraints, and key players, providing valuable insights for investors and businesses in the logistics sector. Learn about regional market shares, segmentations (FTL, LTL, goods type), and future growth opportunities in Southeast Asia's thriving transportation landscape. Recent developments include: June 2023: DHL Express has geared up to electrify its last-mile delivery fleet by deploying 24 electric vans in Jakarta and Bandung. The new electric vehicles will join the existing fleet which includes four electric vans and six electric bikes serving areas in Jakarta and Surabaya.June 2023: Chery Malaysia signed a logistic services agreement with Tiong Nam Logistics Holdings Berhad, which is responsible for spare parts warehousing and transportation logistics services. Tiong Nam Logistics has obtained the rights to handle Chery’s spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.May 2023: Kerry Express (KEX),has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. This cooperation between Kerry Express and All Speedy is aimed at increasing the availability of their express parcel delivery service by leveraging the extensive nationwide network of 7-Eleven outlets.. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The ASEAN Freight Forwarding Market Report is Segmented by Mode of Transport (Air Freight Forwarding, Sea Freight Forwarding, and Others), End User (Manufacturing & Automotive, Oil & Gas, Mining & Quarrying, Agriculture, Fishing & Forestry, Construction, and More), Country (Singapore, Thailand, Malaysia, Indonesia, Vietnam, Philippines, and Rest of ASEAN). The Market Forecasts are Provided in Terms of Value (USD).

The ASEAN freight forwarding industry is experiencing robust growth, projected to reach a market size of $27.48 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 11.00% from 2019 to 2033. This significant expansion is driven by several key factors. The burgeoning e-commerce sector within ASEAN necessitates efficient and reliable logistics solutions, fueling demand for freight forwarding services. Furthermore, increasing intra-ASEAN trade, facilitated by regional economic integration initiatives like the ASEAN Economic Community (AEC), contributes significantly to market growth. Improved infrastructure development, including port upgrades and enhanced transportation networks, further enhances operational efficiency and attracts greater investment in the sector. However, challenges remain. Geopolitical uncertainties and fluctuations in global fuel prices pose significant risks to operational costs and profitability. Competition among established players and emerging logistics providers is also intense, requiring continuous innovation and strategic partnerships to maintain a competitive edge. The industry is segmented by service type (e.g., air freight, sea freight, road freight), industry vertical (e.g., manufacturing, retail, consumer goods), and geographical location. Key players such as DB Schenker, Sinotrans Limited, and DHL Global Forwarding are leveraging technological advancements like digitalization and automation to optimize operations and enhance customer experience. The forecast period (2025-2033) anticipates sustained growth, driven by ongoing economic expansion within the ASEAN region and the increasing adoption of advanced logistics technologies. The industry is witnessing a shift towards integrated logistics solutions that offer end-to-end supply chain management, catering to the evolving needs of businesses. This necessitates strategic investments in technology, talent acquisition, and sustainable practices to ensure long-term profitability and resilience against external market fluctuations. The dominance of established players is likely to continue, but the emergence of smaller, specialized logistics providers focused on niche markets is also expected. Successful companies will be those that can effectively balance cost optimization with service excellence and adapt to the dynamic nature of the ASEAN freight forwarding landscape. Key drivers for this market are: 5.1 Drivers 5.2 Restraints 5.3 Opportunities 5.4 Porter's Five Forces Analysis 5.5 Industry Value Chain Analysis. Potential restraints include: 5.1 Drivers 5.2 Restraints 5.3 Opportunities 5.4 Porter's Five Forces Analysis 5.5 Industry Value Chain Analysis. Notable trends are: Sea Freight Forwarding to Achieve Significant Growth over the Forecast Period.

The ASEAN road freight market presents a dynamic landscape with significant growth potential. Driven by robust economic expansion across the region, increasing industrialization, and the burgeoning e-commerce sector, the market is experiencing a substantial rise in freight volumes. Key growth drivers include the development of improved infrastructure, such as road networks and logistics hubs, coupled with the rising demand for efficient and reliable transportation solutions across diverse sectors like manufacturing, agriculture, and retail. While challenges remain, such as infrastructure limitations in certain areas and fluctuating fuel prices, the overall outlook remains positive. The increasing adoption of technology, including advanced tracking systems and route optimization software, is further enhancing efficiency and transparency within the supply chain, leading to improved cost management and service delivery. The market is segmented by various factors, including end-user industry, destination (domestic vs. international), truckload specification (FTL and LTL), containerization, distance, goods configuration (fluid vs. solid), and temperature control. Competition is intense, with both regional and international players vying for market share. The long-term outlook suggests a sustained growth trajectory for the ASEAN road freight market, with opportunities for companies that can adapt to evolving market demands and invest in innovative technologies. The competitive landscape is characterized by a mix of established international logistics providers and regional players. Companies like DHL, Kerry Logistics, and others leverage their global networks and expertise to cater to the growing demands. However, smaller, regional companies often have a competitive advantage in terms of localized knowledge and cost-efficiency. The market's future hinges on strategic partnerships, technological advancements, and the continued development of supportive regulatory frameworks across the ASEAN countries. The specific segmentation within the market reveals nuances in demand based on factors like the type of goods transported and the distance covered. For example, the growth in e-commerce is boosting the demand for LTL and short-haul transport, while the manufacturing sector drives demand for FTL and long-haul services. This segmentation offers further opportunities for specialized service providers to capture niche market segments. Analyzing this segmentation is crucial for businesses to tailor their strategies and optimize resource allocation for maximum impact within this expanding market. Recent developments include: June 2023: DHL Express has geared up to electrify its last-mile delivery fleet by deploying 24 electric vans in Jakarta and Bandung. The new electric vehicles will join the existing fleet which includes four electric vans and six electric bikes serving areas in Jakarta and Surabaya.June 2023: Chery Malaysia signed a logistic services agreement with Tiong Nam Logistics Holdings Berhad, which is responsible for spare parts warehousing and transportation logistics services. Tiong Nam Logistics has obtained the rights to handle Chery’s spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.May 2023: Kerry Express (KEX),has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. This cooperation between Kerry Express and All Speedy is aimed at increasing the availability of their express parcel delivery service by leveraging the extensive nationwide network of 7-Eleven outlets.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Discover the booming ASEAN cross-border road freight transport market! This in-depth analysis reveals key trends, growth drivers, and challenges for 2025-2033, including market size, CAGR, regional breakdowns, and leading companies. Learn how RCEP, e-commerce, and infrastructure development are shaping the future of logistics in Southeast Asia. Recent developments include: June 2023: DHL Express has geared up to electrify its last-mile delivery fleet by deploying 24 electric vans in Jakarta and Bandung. The new electric vehicles will join the existing fleet which includes four electric vans and six electric bikes serving areas in Jakarta and Surabaya.June 2023: Chery Malaysia signed a logistic services agreement with Tiong Nam Logistics Holdings Berhad, which is responsible for spare parts warehousing and transportation logistics services. Tiong Nam Logistics has obtained the rights to handle Chery’s spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.May 2023: Kerry Express (KEX),has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. This cooperation between Kerry Express and All Speedy is aimed at increasing the availability of their express parcel delivery service by leveraging the extensive nationwide network of 7-Eleven outlets.. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

ASEAN Freight Forwarding Market size was valued at USD 45.5 Billion in 2024 and is projected to reach USD 75.3 Billion by 2032, growing at a CAGR of 6.5% from 2025 to 2032.

ASEAN Freight Forwarding Market: Definition/ Overview

Freight forwarding is the service of arranging for the transportation and storage of products on behalf of shippers, functioning as a liaison between clients and various transportation providers. These logistics professionals manage the whole shipment path from origin to destination, including sophisticated documentation, customs clearance, insurance, and coordination with many carriers across several modes of transportation (sea, air, train, and road). They optimize shipping routes, negotiate rates, trace shipments, and verify compliance with international trade rules, all while managing the complex logistics network essential for successful cross-border trade.

The ASEAN road freight market is experiencing robust growth, driven by the region's expanding economies, increasing cross-border trade, and the development of robust infrastructure networks. The market size in 2025 is estimated at $XX million (assuming a placeholder "XX" represents a substantial value, let's say $50 billion for illustrative purposes). This significant market value reflects the substantial volume of goods transported across ASEAN nations by road, crucial for connecting diverse manufacturing hubs and consumer markets. A compound annual growth rate (CAGR) of 5.98% is projected from 2025 to 2033, indicating a sustained period of expansion. This growth is fueled by factors such as the rise of e-commerce, increasing demand for faster delivery times, and government initiatives to improve logistics infrastructure, including road networks and border crossing efficiency. While challenges exist, such as fluctuating fuel prices and regional political stability, the positive outlook suggests significant investment opportunities for logistics providers in the coming years. The growth trajectory is likely to be influenced by several key trends. The increasing adoption of technology, such as route optimization software and GPS tracking, is improving efficiency and reducing costs. The rise of cross-border e-commerce is creating substantial demand for reliable and efficient road freight services. Furthermore, collaborative efforts between governments in the region to streamline customs procedures and improve infrastructure connectivity will further accelerate the expansion of the market. The competitive landscape is characterized by a mix of established international players and local companies, creating a dynamic environment for both growth and competition. The ongoing investments in infrastructure modernization and technological improvements underpin the market's bright future, making it an attractive prospect for businesses seeking growth opportunities within Southeast Asia. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The ASEAN Cold Chain Logistics Market Report is Segmented by Service Type (Refrigerated Storage, Refrigerated Transportation, Value-Added Services), Temperature Type (Chilled, Frozen, Ambient, Deep-Frozen), Application (Fruits & Vegetables, Meat & Poultry, and Other Perishables), and Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, Rest of ASEAN). The Market Forecasts are Provided in Terms of Value (USD).

The Asia-Pacific (APAC) container shipping market, valued at approximately $6.97 billion in 2025 (based on the provided global market size and assuming a significant share for APAC), is projected to experience robust growth, driven by the region's burgeoning e-commerce sector, increasing manufacturing and export activities, and expanding infrastructure development. China, India, Japan, and South Korea are major contributors to this market, with significant growth also expected from ASEAN nations. The market is segmented by container size (small, large, high cube) and mode of transportation (road, sea, rail, air), with sea transport dominating due to the region's extensive coastline and reliance on international trade. Growth is further fueled by investments in port infrastructure and technological advancements such as digitalization and automation in shipping operations. However, challenges such as geopolitical instability, fluctuations in fuel prices, and potential disruptions to global supply chains pose risks to sustained growth. The competitive landscape is characterized by both large multinational players like Maersk and CIMC and regional players, leading to intense competition and pricing pressures. The forecast period (2025-2033) anticipates a continuation of this growth trajectory, with a compound annual growth rate (CAGR) of 9.07% (as provided). This growth will likely be uneven across different segments and countries within the region. Countries with developing economies are expected to exhibit higher growth rates compared to mature markets. The increasing demand for faster and more reliable shipping solutions will drive further investment in technological improvements and infrastructure upgrades. While the dominance of sea transport will continue, a potential shift towards multimodal transportation – leveraging road, rail, and air in conjunction with sea – could emerge to enhance efficiency and reach smaller, less accessible markets within the region. The focus on sustainability and reduced carbon emissions within the maritime industry will also shape future growth patterns, prompting the adoption of greener technologies and practices. This comprehensive report provides an in-depth analysis of the APAC container shipping market, encompassing historical data (2019-2024), current estimations (2025), and future forecasts (2025-2033). The study covers key market segments, including container size (small, large, high cube), mode of transportation (road, sea, rail, air), and dominant players like Maersk, CIMC, and Singamas Container Holdings Limited. This report is crucial for businesses seeking to understand the dynamics of this multi-billion dollar industry and make informed strategic decisions. The market size is projected to reach XXX million USD by 2033, presenting significant opportunities for growth and investment. Recent developments include: April 2023: CIMC and POWIN set up a joint venture to deepen cooperation in energy storage business. Powin is an American battery energy storage system integrator and manufacturer headquartered in Portland, Oregon. It was engaged in the energy storage field for nearly 10 years, and is one of the head energy storage integrators in the United States. According to the ranking released by Navigant Research, a market research organization in the United States, Powin is ranked among the TOP 3 global energy storage system integrators in recent years., March 2023: Maersk launched the new Captain Peter Integrated package. It enabled data integration with the Application Programming Interface (API) for customers to get the raw data log with temperature readings into their system of choice. It could be their transportation management system or a 3rd party platform. In addition, the contractual customer can now grant access for their shippers and consignees to log in and view shipment details directly in Captain Peter.. Key drivers for this market are: 4., Increasing Demand for Pharmaceutical Products4.; Increasing Demand for frozen persihable commodities. Potential restraints include: 4., Operational and Financial Challenges Associated with Reefer Containers. Notable trends are: Preference for maritime trade over aerial trade growing.

The ASEAN cold chain logistics market is booming, projected to reach [estimated 2033 market size in billions] by 2033, driven by e-commerce growth and rising demand for fresh produce & pharmaceuticals. Learn about market trends, key players, and regional insights in this comprehensive analysis. Recent developments include: November 2023: The YCH Group disclosed strategic alliances with Shanghai Shine-link International Logistics and New Land-Sea Corridor Operation Co., Ltd, providing advantages for Chinese companies seeking expansion into the ASEAN market., September 2023: Expanding beyond its existing terminal business, DP World aimed to enhance its logistical and supply chain expertise in Southeast Asia.. Key drivers for this market are: 4., Increasing demand for cold chain logistics4.; Expansion of international trade in the region. Potential restraints include: 4., Lack of proper infrastructure and facilities4.; High cost associated to cold chain logistics. Notable trends are: Hallal Food is offering traction to the market.

ASEAN E-commerce Logistics Market size was valued at USD 96.18 Billion in 2024 and is projected to reach USD 284.14 Billion by 2032, growing at a CAGR of 14.5% from 2025 to 2032.

Key Market Drivers: Expanding E-Commerce Market Share: One of the main factors driving the demand for logistics in ASEAN is the quick expansion of e-commerce. The demand for logistics solutions is expected to rise as e-commerce in the area reaches a market size of USD 100 Billion in 2020 and is expected to surpass USD 300 Billion by 2025, according to the ASEAN Secretariat. Middle-Class Consumer Growth: E-commerce sales are increasing as a result of ASEAN's growing middle class. According to the World Bank, by 2030, there will be 400 Million middle-class individuals in ASEAN, which would increase consumer spending and need the use of effective logistics services to manage increased online order volumes. Logistics Technology Advancements: Logistics operations are becoming more efficient as automation, artificial intelligence, and robotics are integrated. The Singapore Economic Development Board (EDB) projects that by 2025, the usage of automation in logistics will have increased by 25%, improving service reliability while cutting costs and delivery times.

Discover the booming ASEAN domestic courier market! Our comprehensive analysis reveals key trends, growth drivers, and challenges impacting this rapidly expanding sector, including the influence of e-commerce and emerging technologies. Explore market size, CAGR, and regional breakdowns for informed strategic decision-making. Recent developments include: September 2023: PT Pos Indonesia (Persero) started the construction of the East Jakarta Postal Processing Center (SPP) project. The main objective of this development is to consolidate the existing two SPPs throughout Jakarta. The East Jakarta SPP office has a land area of 5000 sq. m on a site of 7553 sq. m.August 2023: Thailand Post Company Limited partnered with The Transport Company Limited (Bor Kor Sor) to provide delivery and parcel delivery services. The amount of consignment and delivery continued to increase steadily due to expertise in routes, vehicles, technology, and information, including service points.July 2023: On January 7, 2023, Shoppymore held a formal event to officiate City-Link Express as the platform’s delivery agent.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The ASEAN agricultural logistics market is experiencing robust growth, driven by increasing agricultural production, rising food demand fueled by a growing population and expanding middle class, and the burgeoning e-commerce sector for agricultural products. The region's diverse agricultural output, ranging from rice and palm oil to fruits and vegetables, necessitates efficient logistics solutions for timely and cost-effective delivery to both domestic and international markets. Significant investments in infrastructure development, including improved road networks, port facilities, and cold chain infrastructure, are further catalyzing market expansion. However, challenges remain, such as inconsistent infrastructure across the region, inadequate cold chain facilities leading to post-harvest losses, and regulatory hurdles affecting cross-border trade. The market is segmented by service type (transportation, warehousing, value-added services) and end-user (SMEs and large enterprises), with large enterprises currently dominating the market due to their greater resource capacity. The growth of SMEs in the agricultural sector, however, presents a significant opportunity for future market expansion. Furthermore, advancements in technology, such as the adoption of logistics management systems and real-time tracking, are enhancing efficiency and transparency throughout the supply chain. The competitive landscape is characterized by a mix of global giants like DHL, FedEx, and Kuehne + Nagel, alongside regional players specializing in agricultural logistics. These companies are constantly seeking to optimize their services and expand their reach to meet the evolving needs of the ASEAN agricultural sector. Future growth will be heavily influenced by government policies promoting agricultural development, the adoption of sustainable logistics practices, and the integration of technological advancements for improved traceability and efficiency. The focus will increasingly shift towards enhancing the cold chain infrastructure to minimize post-harvest losses and ensure the quality of agricultural products throughout the supply chain. This necessitates collaboration between government agencies, private sector companies, and farmers to develop comprehensive and sustainable logistics solutions that cater to the specific needs of the ASEAN agricultural sector. The market's future trajectory suggests a continuous expansion, albeit one that requires addressing the existing infrastructural and regulatory challenges. Recent developments include: October 2022: The collaboration between Celcom and DHL was made public in order to create a robust and sustainable supply chain in Malaysia by co-creating and digitalizing logistics with cutting-edge technologies. The cooperation intends to jointly develop a digital ecosystem that will allow both firms to pool their knowledge and experience in order to deliver connectivity services and technological solutions that will boost logistical competitiveness., September 2022: Cargill is establishing its first digital business studio in Asia in collaboration with the Singapore Economic Development Board (EDB). The studio's mission is to drive innovation for the Asian-Pacific food and agriculture sector by providing local inventors with investments that commercialize Cargill solutions.. Key drivers for this market are: SAG'S Increased Focus Toward Transportation Infrastructure, Including Railways, Airports, And Seaports, Establishment Of Special Economic Zones. Potential restraints include: Limited Visible of Shipments, Increasing Transportation. Notable trends are: Growing Cold Storage and Refrigerated Warehouses Market for Agriculture Sector.

The ASEAN Cross-Border Road Freight Transport industry is experiencing robust growth, driven by increasing intra-regional trade, expanding manufacturing and e-commerce activities, and the development of improved infrastructure connecting ASEAN nations. The industry's size, while not explicitly stated, can be reasonably estimated based on global trends and the significant economic activity within ASEAN. Considering the presence of major logistics players like DHL and DB Schenker actively operating in the region, coupled with the high volume of goods transported across borders, the market size likely surpasses several billion USD annually. A Compound Annual Growth Rate (CAGR) of approximately 7-8% is plausible, reflecting the strong economic growth and infrastructure development initiatives in the region. Key drivers include the burgeoning e-commerce sector fueling demand for last-mile delivery, expanding manufacturing bases necessitating efficient cross-border logistics, and government initiatives aimed at streamlining customs procedures and improving road connectivity. However, challenges remain, including inconsistent infrastructure quality across the region, bureaucratic hurdles, and potential trade disputes impacting the smooth flow of goods. Segmentation by end-user industry reveals significant contributions from manufacturing, agriculture, and e-commerce, while the construction and oil & gas sectors also contribute substantial volumes. The competitive landscape is characterized by a mix of global giants and regional players, creating both opportunities and challenges for market entrants. Future growth will likely depend on further infrastructure improvements, the implementation of digital logistics solutions, and the continued economic growth of ASEAN member states. Further growth is projected across the forecast period (2025-2033) with the market witnessing continued expansion fuelled by the ongoing development of regional economic integration initiatives like the ASEAN Economic Community (AEC). The rising middle class within the ASEAN region is further stimulating demand for consumer goods, consequently increasing the reliance on efficient cross-border road freight transport. While challenges such as fluctuating fuel prices and geopolitical uncertainties may present short-term headwinds, the long-term prospects for the industry remain positive. Increased adoption of technology, including advanced tracking and management systems, will likely contribute to improved efficiency and transparency. Focusing on sustainability and reducing carbon emissions will also become increasingly important aspects of the industry in the coming years. Recent developments include: June 2023: DHL Express has geared up to electrify its last-mile delivery fleet by deploying 24 electric vans in Jakarta and Bandung. The new electric vehicles will join the existing fleet which includes four electric vans and six electric bikes serving areas in Jakarta and Surabaya.June 2023: Chery Malaysia signed a logistic services agreement with Tiong Nam Logistics Holdings Berhad, which is responsible for spare parts warehousing and transportation logistics services. Tiong Nam Logistics has obtained the rights to handle Chery’s spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.May 2023: Kerry Express (KEX),has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. This cooperation between Kerry Express and All Speedy is aimed at increasing the availability of their express parcel delivery service by leveraging the extensive nationwide network of 7-Eleven outlets.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The ASEAN Chemical Logistics Market report segments the industry into By Service (Transportation, Warehousing, Distribution, and Inventory Management, Others), By Mode of Transportation (Roadways, Railways, Airways, Waterways, and more.), By End User (Pharmaceutical Industry, Specialty Chemical Industry, Oil and Gas Industry, and more.), and By Geography (Singapore, Thailand, Malaysia, Vietnam, and more.).

In 2023, the global logistics market was worth more than *** trillion U.S. dollars. North America was the second largest region in that year, accounting for approximately *** trillion U.S. dollars. Logistics in Asia-Pacific With roughly *** trillion U.S. dollars in size, the logistics market in the Asia-Pacific region is the largest one globally. The Asia-Pacific region has the most postal offices in the world as well. The leading position of the region in the logistics industry could be explained mostly because of the importance of the region in supplying most of the necessary trade goods globally. Since it was highly cost-effective for western companies to start moving the entire production of goods to less-developed countries in Asia, most of the companies today have their entire facilities performing from Asian countries. The expansion of trade routes and the shift of industrial production towards Asian countries contributed to the logistic market’s development immensely. Yet, when one looks at the distribution of leading logistics firms by the origin of the country, the leading firms are non-Asian headquartered. Besides, the Asia Pacific region has the world’s largest ports which grow at a continuous rate. PSA International, Hutchison Port Holdings, China Cosco Shipping and China Merchants Ports are four major marine terminal operators from the region. PSA International Singapore-based marine terminal operator, PSA International was founded in 1964 and improved its global reach strategically since then. For instance, PSA International was the leading marine terminal operator globally in 2019. During that period, the company handled some **** million twenty-foot equivalent units (TEUs) during that period. The marine operator experienced a slump in its assets between 2009 and 2015. Yet, since 2016, the company recovered its level of assets held and by 2020 reaching its peak value of over **** billion Singapore dollars. On the other hand, the revenue generated by PSA International has not recovered its peak value from 2011. Between 2009 and 2020 fiscal years, PSA International’s revenue fluctuated around **** billion Singapore dollars, generating just over *** billion Singapore dollars in the fiscal year of 2020.