LONDON, Jan. 7, 2016 /PRNewswire/ -- This market is expected to grow at a steady rate during the forecast period. Its growth is attributed to the high demand for electronic and hardware products in the Philippines market. The contract logistics market in the Philippines by transportation was valued at close to USD 269 million in 2014.
The key international player in the contract Logistics market in the Philippines are DHL, FedEx, UPS, and Forex Cargo. Upcoming trends such as growth in international trade and an increase in e-commerce activity in the country is likely to increase shipments for logistics service providers in the Philippines market.
Market segmentation by services outsourced
Warehousing and distribution
The transportation segment is growing rapidly, and it is expected to dominate the market through 2019. This segment includes different modes of transportation services such as ground, ocean, air, and rail. By 2019, the transportation segment is expected to account for a share of close to 37% of this market.
Leading vendor analysis for the contract logistics market in the Philippines
Kuehne + Nagel International
Other prominent vendors in the contract logistics market in the Philippines