Asia Pacific Freight And Logistics Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 3.35 Trillion |
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Market Size (2029) | USD 4.56 Trillion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2023 - 2029) | 5.24 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia Pacific Freight And Logistics Market Analysis
The Asia Pacific Freight And Logistics Market size is estimated at 3.35 trillion USD in 2023, and is expected to reach 4.56 trillion USD by 2029, growing at a CAGR of 5.24% during the forecast period (2023-2029).
3.35 Trillion
Market Size in 2023 (USD)
4.56 Trillion
Market Size in 2029 (USD)
4.82 %
CAGR (2017-2022)
5.24 %
CAGR (2023-2029)
Fastest Growing Segment by Mode of Transport
5.74 %
Projected CAGR, Air, 2023-2029
Air is the fastest-growing mode of transport, which is expected to grow and register a CAGR of 6.75% (volume) during 2023-2029, owing to the rising air infrastructure development.
LARGEST CEP SEGMENT BY DESTINATION TYPE
67.40 %
value share, Domestic, 2022
The domestic segment is dominating due to a boost in retail e-commerce, wherein Asia-Pacific digital sales amounted to USD 2.99 trillion in 2021, of which fashion contributed USD 428 billion.
Largest Segment by Country
47.33 %
value share, China, 2022
In 2021, China's road freight traffic reached 39.14 billion metric tons, a YoY increase of 14.2% owing to recovery from the pandemic and an increase of 3.4% YoY logistics investments.
Largest Segment by End User
32.18 %
value share, Manufacturing, 2022
The manufacturing segment contributed 14.1% to the region's GDP in 2022, largely due to companies' increased investments in efficient operations and to move toward smart manufacturing.
FASTEST GROWING WAREHOUSING SEGMENT BY TEMPERATURE CONTROL
6.76 %
Projected CAGR, Temperature Controlled, 2023-2029
The driving growth in the pharmaceutical sector is mainly due to Japan's pharmaceutical industry, which also helped generate USD 46.38 billion for OTC pharmaceuticals in Asia in 2021.
Asian development bank assisting the infrastructure development in the country, boosting freight transport demand
- The COVID-19 pandemic significantly impacted the Asia-Pacific construction sector in 2020. Despite its negative impact, the construction sector resumed its activities by Q4 2020. In 2021, the transport infrastructure construction industry began to recover from the pandemic's impact. Economic activity in China resumed after weeks of lockdowns, and infrastructure work resumed as an early sign of recovery. In 2021, the revenue of major players like China State Construction Engineering Corporation and China Railway Construction Corporation was USD 253.7 billion and 142.5 billion, respectively.
- The Asian Development Bank (ADB) is assisting Pacific DMCs with their connectivity infrastructure planning, construction, and maintenance operations. Transport projects contribute more than 59% of ADB's Pacific portfolio's overall value. The ADB's support for the transportation sector is helping bridge gaps in the Pacific area, resulting in more profitable, stable, and long-term growth. The ADB's transport investments in the Pacific are expected to reach over USD 1.6 billion, including USD 115 million in co-financing, for 22 projects during 2022–2024.
- A total of 36 equity offering deals (pending and completed) were announced in the Asia-Pacific transportation, infrastructure, and logistics sectors in the last twelve months (LTM) leading up to June 2022, resulting in a total deal value of over USD 13,046.6 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of USD 4,609.7 million, resulting in an average deal value of USD 1,152.4 million during that month. On the other hand, the month of August 2021 registered the highest deal volume, with a total of nine deals and an average deal value of USD 255.4 million.
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Building a sustainable and resilient freight and logistics sector
- The freight and logistics market in Asia-Pacific is mainly driven by China, India, and Japan, along with Australia. Road freight is a significant mode of freight transportation. Road logistics in India is anticipating a YoY growth of 7.46% in 2023. Air freight in the region witnessed a decline of 10.7% YoY in September 2022, impacted by the Ukraine-Russia conflict, labor shortages, and lower levels of trade and manufacturing activity due to Omicron-related restrictions in China. However, the available capacity in the region increased by 2.8% YoY in 2022. With the aim of decarbonizing freight transport, the region is working toward the modal shift to rail. China-Europe rail freight volumes increased by 8% YoY in September 2022.
- With approximately USD 3.9 trillion in size, the logistics market in the Asia-Pacific region is the largest one globally. Driven by increasing demand from the manufacturing sector and the expected resumption in space take-up by the e-commerce sector, India is likely to lead the creation of warehousing in the Asia-Pacific region in 2023 by adding up to 30 million square feet of space, representing over a third of the total logistics space of 86 million square feet in the region. It is anticipated that Australia will lead the rental growth at an expected 12% during 2023. Digital sales amounted to nearly USD 2.992 trillion in 2021 in the region, driving the warehouse demand.
- Driven by a shortage of new supply, outdated existing facilities, and rapidly changing consumer demands created by increased online retail, investments in cold storage properties in the Asia-Pacific is likely to reach USD 5 billion per year by 2032 due to robust demand in cold chain warehousing in the region.
Asia Pacific Freight And Logistics Market Trends
Asia-Pacific faces surging freight demands as region drives global seaborne trade, triggering transport sector investments
- The region's new Regional Action Programme (RAP) addresses issues like increasing freight and passenger volumes and reflecting the rising demand for freight transport and mobility. Two-thirds of global seaborne trade is concentrated in the Asia-Pacific region, which is also home to nine of the world's busiest container ports. The region is responsible for more than 40% of the global surface freight transport flows, and by 2050, the region's demand for freight transport is projected to triple.
- India's transportation sector, primarily road-dominated, contributes about 3.75% to the GDP. Over 50% of freight and 90% of passenger traffic relies on roads, driven by government and private investments, rising exports, the FMCG sector, and growing disposable income. India promotes connectivity with 100% FDI in the roads and highway sector. In May 2022, e-commerce logistics rebounded, reflecting a 2.1-point index increase. Japan's FY 2021 saw increased domestic freight transportation by commercial motor vehicles, totaling about 2.6 billion metric tons, with road transport leading in volume.
- International freight transport continued to operate with the support of policy measures. In the Asia-Pacific region, networks like the Asian Highway, Trans-Asian Railway, and dry ports, established under ESCAP, play a vital role in land transport connectivity and logistics. These networks are increasingly integrated with inter-regional transport corridors and shipping networks. China placed emphasis on ensuring smooth transportation and logistics to stabilize the economy, with the Industrial and Commercial Bank of China's Shandong branch extending over USD 1.19 billion in loans to support the logistics sector in 2022.
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Crude oil prices are soaring in the Asian economies owing to global uncertainties
- Due to a strong economic recovery in Asia, oil prices surpassed USD 80 in November 2021, more than double the price in 2020. The price may increase further due to global geopolitical uncertainties and tight supply conditions. Reaching USD 200 is not so farfetched considering that the historic high of USD 140 oil in 2008 translates to over USD 180 in current dollars. Higher oil prices are often economically damaging for net oil importers. Most regional economies are net oil importers except for a few oil exporters, such as Brunei, Malaysia, and Vietnam.
- Crude oil reached USD 130 per barrel in March 2022, its highest level since 2008, before retreating to USD 100 per barrel in April of the same year. Russia is the third-largest producer of liquid fuels and petroleum, so when the country invaded Ukraine in late February 2022, it had an immediate impact on crude oil futures prices. As the conflict continued, the prices of crude oil settled on an upward trajectory. The increase in oil price also reflects supply limitations by the OPEC. Though the overall economic impact has been modest in Asia-Pacific, the situation can change quickly, subject to the magnitude and duration of oil price increases.
- For the short term, the region must prioritize the rising oil prices and global interest rates and maintain a stable macroeconomic environment of low inflation and prudent fiscal balances. The average price of gasoline around the world remains at Rs 106.90 per litre (USD 1.29). The price of petrol stands at Rs 104.18 per litre (USD 1.25) in India, Rs 99 per litre in China, Rs 249 per litre (USD 1.9) in Pakistan and Rs 240 (USD 2.9) in Hongkong. The differences in prices across countries are due to the various taxes and subsidies for gasoline.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Diverse population of 4.7 billion in Asia-Pacific, in 2023, faces decline due to aging demographics
- Manufacturing and oil and gas are the fastest-growing industries in the Asia Pacific region
- China is the leading e-commerce market accounting for over 50% of all retail e-commerce sales worldwide
- Export growth of Asia Pacific
- Scenario of operational costs in region
- Asia-Pacific investing in transportation infrastructure to boost its connectivity and business opportunities
- Road freight leading the freight market
- Japan, South Korea, Malaysia, Singapore, and China are the main bilateral maritime partners in APAC driving connectivity
- The Asia Pacific region's sea freight rate appears to be declining
- Asian countries are boosting their investment for economic and infrastructure development
- Asia Pacific to grow amid headwinds
- India, Australia, and Japan witnessed record high and fastest annual producer and consumer price increases in 2022 largely owing to high energy and utilities cost
- Manufacturing industry in the region contributed around 14% to the GDP and grew by 5% YoY in 2022
- Asia Pacific registers huge growth in LNG imports driven by scarce domestic production
- Electric trucks to drive the road transport market
- Prominent players in the region are primarily focusing on new product launches to expand their market share
- China becomes world's largest maritime fleet owner in 2023 whereas Japan's shipbuilding declined 16.4% amidst rising costs in 2022
- Ports in Asia-Pacific are battling port congestion, led by strikes and supply chain disruptions
- In the Asia Pacific region, road freight is the primary mode of transportation
Asia Pacific Freight And Logistics Industry Overview
The Asia Pacific Freight And Logistics Market is fragmented, with the top five companies occupying 4.16%. The major players in this market are China Ocean Shipping (Group) Company (COSCO), Deutsche Post DHL Group, Expeditors International, SF Express and Sinotrans Limited (sorted alphabetically).
Asia Pacific Freight And Logistics Market Leaders
China Ocean Shipping (Group) Company (COSCO)
Deutsche Post DHL Group
Expeditors International
SF Express
Sinotrans Limited
Other important companies include Alps Logistics, C.H Robinson, DB Schenker, DP World, DSV A/S (De Sammensluttede Vognmænd af Air and Sea), FedEx, Kerry Logistics, Kuehne + Nagel, SG Holdings Group, United Parcel Service, Yusen Logistics.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Freight And Logistics Market News
- May 2023: J&T Express has entered into a Share Transfer Agreement with Shenzhen Fengwang Holdings Co., Ltd. (Fengwang Holdings), a subsidiary of SF Express. J&T Express' subsidiary J&T Express (Shenzhen) Supply Chain Co., Ltd. acquired 100% share rights of Fengwang Holding's wholly-owned subsidiary, Shenzhen Fengwang Information Technology Co., Ltd.
- April 2023: Etihad Cargo, the cargo and logistics arm of Etihad Airways has signed a Memorandum of Understanding (MoU) with China's SF Airlines(part of SF Express). As per the MoU, both carriers will get access to operating flights via their respective fleets to the other carrier’s hub, which will enable the UAE's national carrier to expand its reach into China via SF Airline's in-country network. The partnership between Etihad Cargo and SF Airlines will provide Etihad Cargo’s customers with connectivity to 25 domestic destinations in China via SF Airlines’ road feeder service trucking network, further enhancing Etihad Cargo’s capabilities in the region.
- March 2023: UPS has entered into a partnership with Google Cloud where Google will help UPS by putting radio-frequency identification chips on packages for tracking them efficiently.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends, maritime connectivity Indices, port calls and performance among other key indicators.
Asia Pacific Freight And Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Demographics
2.2. GDP Distribution By Economic Activity
2.3. GDP Growth By Economic Activity
2.4. Inflation
2.5. Economic Performance And Profile
2.6. Transport And Storage Sector GDP
2.7. Export Trends
2.8. Import Trends
2.9. Fuel Price
2.10. Trucking Operational Costs
2.11. Trucking Fleet Size By Type
2.12. Logistics Performance
2.13. Major Truck Suppliers
2.14. Modal Share
2.15. Maritime Fleet Load Carrying Capacity
2.16. Liner Shipping Connectivity
2.17. Port Calls And Performance
2.18. Freight Pricing Trends
2.19. Freight Tonnage Trends
2.20. Infrastructure
2.21. Regulatory Framework (Road and Rail)
2.21.1. Australia
2.21.2. China
2.21.3. India
2.21.4. Indonesia
2.21.5. Japan
2.21.6. Malaysia
2.21.7. Thailand
2.21.8. Vietnam
2.22. Regulatory Framework (Sea and Air)
2.22.1. Australia
2.22.2. China
2.22.3. India
2.22.4. Indonesia
2.22.5. Japan
2.22.6. Malaysia
2.22.7. Thailand
2.22.8. Vietnam
2.23. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Agriculture, Fishing and Forestry
3.1.2. Construction
3.1.3. Manufacturing
3.1.4. Oil and Gas, Mining and Quarrying
3.1.5. Wholesale and Retail Trade
3.1.6. Others
3.2. Logistics Function
3.2.1. Courier, Express and Parcel
3.2.1.1. By Destination Type
3.2.1.1.1. Domestic
3.2.1.1.2. International
3.2.2. Freight Forwarding
3.2.2.1. By Mode Of Transport
3.2.2.1.1. Air
3.2.2.1.2. Sea and Inland Waterways
3.2.2.1.3. Others
3.2.3. Freight Transport
3.2.3.1. By Mode Of Transport
3.2.3.1.1. Air
3.2.3.1.2. Pipelines
3.2.3.1.3. Rail
3.2.3.1.4. Road
3.2.3.1.5. Sea and Inland Waterways
3.2.4. Warehousing and Storage
3.2.4.1. By Temperature Control
3.2.4.1.1. Non-Temperature Controlled
3.2.4.1.2. Temperature Controlled
3.2.5. Other Services
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. Thailand
3.3.8. Vietnam
3.3.9. Rest of Asia Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Alps Logistics
4.4.2. C.H Robinson
4.4.3. China Ocean Shipping (Group) Company (COSCO)
4.4.4. DB Schenker
4.4.5. Deutsche Post DHL Group
4.4.6. DP World
4.4.7. DSV A/S (De Sammensluttede Vognmænd af Air and Sea)
4.4.8. Expeditors International
4.4.9. FedEx
4.4.10. Kerry Logistics
4.4.11. Kuehne + Nagel
4.4.12. SF Express
4.4.13. SG Holdings Group
4.4.14. Sinotrans Limited
4.4.15. United Parcel Service
4.4.16. Yusen Logistics
5. KEY STRATEGIC QUESTIONS FOR FREIGHT AND LOGISTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
6.7. Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- POPULATION DISTRIBUTION BY GENDER, COUNT, ASIA PACIFIC, 2017 - 2029
- Figure 2:
- POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, ASIA PACIFIC, 2017 - 2029
- Figure 3:
- POPULATION DENSITY, POPULATION/SQ. KM, ASIA PACIFIC, 2017 - 2029
- Figure 4:
- GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, ASIA PACIFIC, 2017 - 2022
- Figure 5:
- FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), ASIA PACIFIC, 2017 - 2022
- Figure 6:
- POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, ASIA PACIFIC, 2022
- Figure 7:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, ASIA PACIFIC, 2022
- Figure 8:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, ASIA PACIFIC, 2017 – 2022
- Figure 9:
- WHOLESALE PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 10:
- CONSUMER PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 11:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, ASIA PACIFIC, 2017 - 2027
- Figure 12:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, ASIA PACIFIC, 2022
- Figure 13:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, ASIA PACIFIC, 2017 - 2022
- Figure 14:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, ASIA PACIFIC, 2022
- Figure 15:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, ASIA PACIFIC, 2017 – 2022
- Figure 16:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, ASIA PACIFIC, 2017-2022
- Figure 17:
- VALUE OF EXPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 18:
- VALUE OF IMPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 19:
- FUEL PRICE BY TYPE OF FUEL, USD/LITRE, ASIA PACIFIC, 2017 - 2022
- Figure 20:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, ASIA PACIFIC, 2022
- Figure 21:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, ASIA PACIFIC, 2022
- Figure 22:
- RANK OF LOGISTICS PERFORMANCE, RANK, ASIA PACIFIC, 2014 - 2018
- Figure 23:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, ASIA PACIFIC, 2022
- Figure 24:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, ASIA PACIFIC, 2022
- Figure 25:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, ASIA PACIFIC, 2022
- Figure 26:
- MARITIME FLEET LOAD CARRYING CAPACITY OF COUNTRY FLAGGED VESSELS, DEAD WEIGHT TONNAGE (DWT) BY SHIP TYPE, ASIA PACIFIC, 2017 - 2022
- Figure 27:
- LINER SHIPPING CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, 2019 - 2022
- Figure 28:
- LINER SHIPPING BILATERAL CONNECTIVITY INDEX, ASIA PACIFIC, 2021
- Figure 29:
- PORT LINER SHIP CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, ASIA PACIFIC, 2022
- Figure 30:
- MEDIAN TIME SPENT BY VESSELS WITHIN PORT LIMITS OF THE COUNTRY, DAYS, ASIA PACIFIC, 2018 - 2021
- Figure 31:
- AVERAGE AGE OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, YEARS, ASIA PACIFIC, 2018 - 2021
- Figure 32:
- AVERAGE GROSS TONNAGE OF VESSELS ENTERING THE COUNTRY'S PORTS, GROSS TONNAGE (GT), ASIA PACIFIC, 2018 - 2021
- Figure 33:
- AVERAGE CARGO CARRYING CAPACITY OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, DEAD WEIGHT TONNAGE (DWT) PER VESSEL, ASIA PACIFIC, 2018 - 2021
- Figure 34:
- AVERAGE CONTAINER CARRYING CAPACITY PER CONTAINER SHIP FOR VESSELS ENTERING THE PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), ASIA PACIFIC, 2018 - 2021
- Figure 35:
- CONTAINER PORT THROUGHPUT, TWENTY-FOOT EQUIVALENT UNITS (TEUS), ASIA PACIFIC, 2016 - 2020
- Figure 36:
- TOTAL NUMBER OF SHIP ARRIVALS IN THE COUNTRY'S PORTS, NUMBER OF PORT CALLS, ASIA PACIFIC, 2018 - 2021
- Figure 37:
- PRICING TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 38:
- PRICING TREND OF RAIL FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 39:
- PRICING TREND OF AIR FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 40:
- PRICING TREND OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 41:
- PRICING TREND OF PIPELINES FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 42:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2029
- Figure 43:
- FREIGHT HANDLED BY RAIL TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2029
- Figure 44:
- FREIGHT HANDLED BY AIR TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2029
- Figure 45:
- FREIGHT HANDLED BY SEA AND INLAND WATERWAYS TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2029
- Figure 46:
- FREIGHT HANDLED BY PIPELINES TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2029
- Figure 47:
- LENGTH OF ROADS, KM, ASIA PACIFIC, 2017 - 2022
- Figure 48:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASIA PACIFIC, 2022
- Figure 49:
- SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, ASIA PACIFIC, 2022
- Figure 50:
- RAIL LENGTH, KM, ASIA PACIFIC, 2017 - 2022
- Figure 51:
- CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), ASIA PACIFIC, 2022
- Figure 52:
- CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, ASIA PACIFIC, 2022
- Figure 53:
- VALUE OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 54:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, USD, ASIA PACIFIC, 2017 - 2029
- Figure 55:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2017-2029
- Figure 56:
- VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 57:
- CAGR OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 58:
- VALUE OF CONSTRUCTION LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 59:
- CAGR OF CONSTRUCTION LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 60:
- VALUE OF MANUFACTURING LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 61:
- CAGR OF MANUFACTURING LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 62:
- VALUE OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 63:
- CAGR OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 64:
- VALUE OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 65:
- CAGR OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 66:
- VALUE OF OTHER END USERS LOGISTICS MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 67:
- CAGR OF OTHER END USER LOGISTICS MARKET, %, ASIA PACIFIC, 2017-2029
- Figure 68:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, USD, ASIA PACIFIC, 2017 - 2029
- Figure 69:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, %, ASIA PACIFIC, 2017-2029
- Figure 70:
- VALUE OF COURIER, EXPRESS AND PARCEL MARKET BY DESTINATION TYPE, USD, ASIA PACIFIC, 2017-2029
- Figure 71:
- VALUE SHARE OF COURIER, EXPRESS AND PARCEL MARKET BY DESTINATION TYPE, %, ASIA PACIFIC, 2017-2029
- Figure 72:
- VALUE OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 73:
- VOLUME OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET, NUMBER OF PARCELS, ASIA PACIFIC, 2017-2029
- Figure 74:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 75:
- VALUE OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET, USD, ASIA PACIFIC, 2017-2029
- Figure 76:
- VOLUME OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET, NUMBER OF PARCELS, ASIA PACIFIC, 2017-2029
- Figure 77:
- VALUE SHARE OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 78:
- VALUE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, USD, ASIA PACIFIC, 2017-2029
- Figure 79:
- VALUE SHARE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, %, ASIA PACIFIC, 2017-2029
- Figure 80:
- VALUE OF AIR FREIGHT FORWARDING MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 81:
- VALUE SHARE OF AIR FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 82:
- VALUE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 83:
- VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 84:
- VALUE OF OTHERS FREIGHT FORWARDING MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 85:
- VALUE SHARE OF FREIGHT FORWARDING MARKET'S OTHERS SEGMENT BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 86:
- VOLUME OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, USD, ASIA PACIFIC, 2017-2029
- Figure 87:
- VALUE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, USD, ASIA PACIFIC, 2017-2029
- Figure 88:
- VALUE SHARE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, %, ASIA PACIFIC, 2017-2029
- Figure 89:
- VALUE OF AIR FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 90:
- VOLUME OF AIR FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2029
- Figure 91:
- VALUE SHARE OF AIR FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 92:
- VALUE OF PIPELINES FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 93:
- VOLUME OF PIPELINES FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2029
- Figure 94:
- VALUE SHARE OF PIPELINES FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 95:
- VALUE OF RAIL FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 96:
- VOLUME OF RAIL FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2029
- Figure 97:
- VALUE SHARE OF RAIL FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 98:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 99:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2029
- Figure 100:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 101:
- VALUE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 102:
- VOLUME OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2029
- Figure 103:
- VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 104:
- VALUE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, USD, ASIA PACIFIC, 2017-2029
- Figure 105:
- VALUE SHARE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, %, ASIA PACIFIC, 2017-2029
- Figure 106:
- VALUE OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 107:
- VOLUME OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, ASIA PACIFIC, 2017 - 2029
- Figure 108:
- VALUE SHARE OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 109:
- VALUE OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 110:
- VOLUME OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, ASIA PACIFIC, 2017 - 2029
- Figure 111:
- VALUE SHARE OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 V/S 2029
- Figure 112:
- VALUE OF OTHER SERVICES SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 113:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY COUNTRY, USD, ASIA PACIFIC, 2017 - 2029
- Figure 114:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY COUNTRY, %, ASIA PACIFIC, 2017-2029
- Figure 115:
- VALUE OF AUSTRALIA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 116:
- VALUE OF CHINA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 117:
- VALUE OF INDIA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 118:
- VALUE OF INDONESIA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 119:
- VALUE OF JAPAN SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 120:
- VALUE OF MALAYSIA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 121:
- VALUE OF THAILAND SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 122:
- VALUE OF VIETNAM SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 123:
- VALUE OF REST OF ASIA PACIFIC SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, ASIA PACIFIC, 2017 - 2029
- Figure 124:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA PACIFIC, 2017-2023
- Figure 125:
- MOST ADOPTED STRATEGIES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 126:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA PACIFIC, 2022
Asia Pacific Freight And Logistics Industry Segmentation
Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function. Australia, China, India, Indonesia, Japan, Malaysia, Thailand, Vietnam are covered as segments by Country.
- The COVID-19 pandemic significantly impacted the Asia-Pacific construction sector in 2020. Despite its negative impact, the construction sector resumed its activities by Q4 2020. In 2021, the transport infrastructure construction industry began to recover from the pandemic's impact. Economic activity in China resumed after weeks of lockdowns, and infrastructure work resumed as an early sign of recovery. In 2021, the revenue of major players like China State Construction Engineering Corporation and China Railway Construction Corporation was USD 253.7 billion and 142.5 billion, respectively.
- The Asian Development Bank (ADB) is assisting Pacific DMCs with their connectivity infrastructure planning, construction, and maintenance operations. Transport projects contribute more than 59% of ADB's Pacific portfolio's overall value. The ADB's support for the transportation sector is helping bridge gaps in the Pacific area, resulting in more profitable, stable, and long-term growth. The ADB's transport investments in the Pacific are expected to reach over USD 1.6 billion, including USD 115 million in co-financing, for 22 projects during 2022–2024.
- A total of 36 equity offering deals (pending and completed) were announced in the Asia-Pacific transportation, infrastructure, and logistics sectors in the last twelve months (LTM) leading up to June 2022, resulting in a total deal value of over USD 13,046.6 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of USD 4,609.7 million, resulting in an average deal value of USD 1,152.4 million during that month. On the other hand, the month of August 2021 registered the highest deal volume, with a total of nine deals and an average deal value of USD 255.4 million.
| End User Industry | |
| Agriculture, Fishing and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Logistics Function | |||||||||
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| Other Services |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Thailand | |
| Vietnam | |
| Rest of Asia Pacific |
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Market Definition
- FREIGHT AND LOGISTICS - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non- temperature controlled), courier, express and parcel (domestic or international) and other value-added services for commodities (raw materials or finished goods including both solids and liquids) from the origin to a destination within the country (domestic) or cross-border (international) through one or more of the modes of transportation viz. road, rail, sea, air and pipeline constitutes freight and logistics market.
- CROSS TRADE - International freight transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
- CABOTAGE - Freight transport by a vehicle registered in a country performed on the national territory of another country.
- END USER - Freight and Logistics market is analyzed based on the major end users viz. Oil & Gas, Mining & Quarrying, Construction, Manufacturing,Wholesale & Retail Trade, Agriculture, Fishing & Forestry among other end users
- COURIER, EXPRESS AND PARCEL - Non-palletized shipments/parcels which are under 70kg. These include standard, express as well as deferred shipments while postal mail is not considered.
- DOMESTIC FREIGHT TRANSPORT - Domestic Freight Transportation includes all the freight activity within the country comprising both inter-state and intra state fright flows
- INTERNATIONAL FREIGHT TRANSPORT - International freight transport refers to the cross-border transportation or flow of freight across international borders.
- FREIGHT TRANSPORT - Hiring a freight transport agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) from the origin to a destination within the country (domestic) or cross-border (international) constitutes freight transport market. The service might be through any or combination of two or more modes of transport viz. Road, Rail, Air , Sea and Inland Waterways or Pipelines.
- FREIGHT FORWARDING - Establishments primarily engaged in arranging transportation of freight between shippers and carriers.
| Keyword | Definition |
|---|---|
| Demographics | To analyse the demand, population growth and forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities, population density and final consumption expenditure (growth and share % of GDP). Fluctations in demand, consumption expenditure and the hotspots of demand in terms of major cities have been analysed, in this indistry trend. |
| GDP Distribution by Economic Activity | The Gross Domestic Product and the distribution of the same across major segments have been studied and presented in this industry trend. It represents the major sectors contributing toward GDP in the given geography. As GDP is positively related to the profit, the profits of the logistics sector has been analysed based on this variable. Also, the potential major contributors towards logistics demand have also been analysed alongside this by studying the input-output tables/ supply-use tables. |
| GDP Growth by Economic Activity | The Gross Domestic Product and the growth of the same across major segments have been studied and presented in this industry trend. It represents the major growing sectors in the given geography. Logistics demand is generated from all the other segments, and hence the potential growth in demand from various sectors has been analysed and presented, in this industry trend. |
| Inflation | Both Wholesale Price inflation (YoY change in producer price index) and consumer price inflation have been presented in this industry trend. Supply chain inflation directly impacts logistics and manufacturing costs, e.g., spending on raw materials, energy and goods transport. In an inflationary environment, the supply chain might not run smoothly. Hence, the infaltionary evironment and the impact of same has been presented, in this industry trend. |
| Trends in E-Commerce Industry | Online shoppers require fast and efficient delivery of their orders. This has led to an increase in the demand for logistics services especially a boom in fulfilment service provders. Hence, the historial and projected growth in e-commerce industry has been analysed and presented. Also, a breakup of the major e-commerce sectors by GMV has been presented for the base year, in this industry trend. |
| Trends in Manufacturing Industry | Manufacturing involves the transformation of raw materials into finished products, while logistics ensures the efficient flow of the raw materials from extraction point to the factory and the transport of manufactured products from the production floor to the end consumer. Both elements are critical for a seamless supply chain. Hence, growth of manufacturing industry over the review period has been analysed and presented. Also, a breakup of the major manufacturing sectors by GVA has been presented for the base year, in this industry trend. |
| Transport and Storage Sector GDP | Transport and Storage Sector GDP has direct relation to the market of freight and logistics market. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP. |
| Export Trends and Import Trends | Research reported across the sources has proven that the overall logistics performance is positively and statistically significantly correlated with exports and imports of the country. Hence, trade has been studied over the review period and presented. As part of this study, major commodities/ commodity groups exported-imported and the major export-import partners have been analysed alongside impact of major related investments, in this industry trend. |
| Fuel Price | Fuel price spikes can cause delays and diruption for freight management organizations, while price drops can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been stidied over the review period and presented. |
| Trucking Operational Costs | One of the prime reasones for measuring logistics performance is to reduce operating costs. On the other hand, measuring operating costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved assets. Hence, tucking operational costs and the variables involved viz. driver wages & benefits, fuel, repairs & maintenance, tyres etc have been studied over the review period and presented for the base year, in this industry trend. |
| Trucking Fleet Size By Type | The distribution of truck parc volume by type of truck has been presented in this industry trend. |
| Logistics Performance | Research reported across the sources has indiacted that logistics performance is positively impacted by supply chain management strategy and that both logistics performance and supply chain management strategy positively impact marketing performance, which in turn positively impacts financial performance. Hence, the logistics performance of the country/ set of countries defined in scope has been analysed and presented for the review period, in this industry trend. |
| Major Truck Suppliers | The distribution of truck sales volume by truck brand has been presented in this industry trend for the base year. |
| Modal Share | This industry trend represents the pie share for each mode of transport in terms of tonnage handled as well as freight volume i.e. tonkm |
| Maritime Fleet Load Carrying Capacity | This industry trend represents the maritime fleet load carrying capacity for the geography, over the review period. Capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo among other ships is presented. |
| Liner Shipping Connectivity | This industry trend analyses the state of connectivity of the country under consideration to the global shipping networks based on the status of their maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices. |
| Port Calls and Performance | The performance of ports is key to any country's freight movement and connectivity. Hence, the port perfomance paramters like median time spent by vessels in the ports; average age, size, cargo carrying capcity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented int his industry trend. |
| Freight Pricing Trends | Freight pricing by mode of transport, over the review period, has been present in this industry trend. |
| Freight Tonnage Trends | Freight tonnage handled by mode of transport, over the review period, has been present in this industry trend. |
| Infrastructure | As infrastructure playes a vital role in any country's logistics performance, variables like length of roads, rail length, containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend. |
| Port Throughput | It reflects the amount of cargo or number of vessels the port handles over time. It can be represented in terms of (1) cargo tonnage, (2) container TEU, and (3) vessel calls |
| Producer Price Inflation | Inflation from the viewpoint of the producers; the average selling price they receive for their output over a period of time. |
| Liner Shipping Connectivity Index | It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. |
| Liner Shipping Bilateral Connectivity Index | It indicates a country pair's integration level into global liner shipping networks |
| Port Liner Shipping Connectivity Index | It reflects a port's position in the global liner shipping network. A higher value is associated with better connectivity. |
| Consumer Price Inflation | Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. |
| Final Consumption Expenditure | Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data provided is in current USD. |
| OTHER TERMINOLOGY USED | |
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage. |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination—which, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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