The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Courier, Express, And Parcel (CEP) production region, major players, and product type which will provide a simplified view of the Courier, Express, And Parcel (CEP) industry. The Courier, Express, And Parcel (CEP) market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Courier, Express, And Parcel (CEP) market which will help the emerging market segments in making vital business decisions.
The market for Courier, Express, and Parcel (CEP) in the Philippines is estimated to grow at a CAGR of 4% during the forecast period.
Courier, Express, And Parcel (CEP) Market Segmentation:
This report on Philippines Courier, Express, And Parcel (CEP) market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Philippines market for Courier, Express, And Parcel (CEP). Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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Philippines Courier, Express, And Parcel (CEP) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Deutsche Post DHL Group, FedEx Corporation, United Parcel Service Inc., LBC Express Inc., Philippine Postal Corporation, Quantium Solutions (Philippines) Inc., Citixpress Inc., JRS Express, Zoom Courier, 2GO Express, Xend Business Solutions, Grabexpress, amongst others.
Growing E-commerce in the country
In the Philippines, consumer spending, as well as e-commerce, is rising. Last-mile growth has largely been driven by the rise of e-commerce. With general trade and supply chains, the rise in consumer spending has been driving logistics growth, as well as the warehousing and freight requirements of more successful SMEs.
The Philippine e-commerce industry is expected to witness exponential growth, with its share of the Southeast Asian market expected to be worth USD 10 billion by 2025, E-commerce only amounts to 1.5% of the Philippines retail market, which indicates a significant potential for growth.
Growing transportation and storage sector
The gross income of the Philippine Transportation, Storage, and Communication (TSC) sector grew by 5.5 percent in the second quarter of 2019, and the Gross Domestic Product (GDP) from Transport increased to PHP 84,765.58 million in the second quarter of 2019 from PHP 76,553.45 million in the first quarter. Transportation and storage sectors contributed 7.3% to the country in 2018.
To increase efficiency and profitability, warehouse operators are adopting new technology, such as the Automated Storage and Retrieval Systems (ASRS) and adding new services. Additionally, developers are exploring the fringes of Manila and the regions for the next site of their industrial investments, capitalizing on rising demand in various hubs across the country.
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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Courier, Express, And Parcel (CEP) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.
Key Takeaways from this Report
- Impact of low unit costs, diversified product ranges and intense competition on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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