Asia Pacific Logistics Market Size was valued at USD 4151.2 Billion in 2022. The Logistics industry is projected to grow from USD 4383.6 Billion in 2023 to USD 6778.7 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032). The growing trade between India and China is one of the major market drivers of logistics in Asia Pacific. The growing trade between both developing countries paves the way for the warehousing and logistics market.
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
Logistics Market Trends
The Asia Pacific Logistics market CAGR is expanding due to the growing utilization of blockchain with logistics. Blockchain technology includes encrypted information and a pointer for the previous block; this makes it difficult to change the data without modifying the whole chain. It stores the record of stakeholders in the process and the specific details of the products related to each movement as the blocks are linked together. It improves security as each transaction is recorded and validated by an independent third party. Vendors providing logistics and transport services are partnering with technology providers in order to generate platforms that can raise security and transparency in the logistics industry because of the different benefits of blockchain technology. Additionally, this technology also enhances the efficiency of business operations in the trucking industry by minimizing the requirements to check business transactions and enhancing visibility by making sure that capacity planning operates smoothly, which can contribute to APAC logistics on a large scale. These factors initiate the adoption of blockchain technology in the region's transportation and logistics industry, thereby boosting market growth.
Furthermore, the rising trade between India and China countries will fuel the growth of the market due to the fast growth in trade between both developing countries. The air cargo segment has greater advantages; its smooth growth depends on several external factors like political support, a flexible supply chain, and broadened productivity through technological diffusion. Hence, it increases the trade between these two countries and boosts market growth. Furthermore, the rising costs and carbon emission & pollution levels have increased the adoption of IoT-enabled connected logistics solutions integrated with cloud technology, sensors, & IoT for monitoring and remote management, improving the efficiency of the supply chain platform for the logistics & transportation industry. Thus driving the Logistics market revenue.
Logistics Market Segment Insights:
Logistics Type Insights
The Asia Pacific Logistics market segmentation, based on type, includes 3PL and 4PL. The 3PL segment dominated the market as 3PL logistics players offered customized services to their customers in terms of warehouse space management, trade permit documentation, and mode of transportation. By using modern technologies and innovative solutions, 3PL providers help in offering streamlined supply chain management and distribution services fabricated to broad client requirements. Furthermore, the ability of 3PL to navigate regulatory challenges and offer end-to-end visibility strengthens its market dominance.
Figure 1: Asia Pacific Logistics Market, by Type, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Logistics End User Insights
The Asia Pacific Logistics market segmentation, based on end user, includes Manufacturing, Automotive, Food and Beverage, and Others. The manufacturing category dominates the market as the need for logistics services is greater in manufacturing industries like healthcare, pharma, and telecommunications. Further, the growth of many established drug makers is driving the logistics market in Asia Pacific. The demand for logistics in transporting telecom products like intercoms, broadband, and landlines increases due to the expansion of the manufacturing sector. Also, the delivery of consumer products directly to consumers' homes due to easy accessibility through e-commerce can boost market growth.
Logistics Country Insights
The Asia-Pacific region has a broad landscape of logistics markets, each presenting unique opportunities and challenges. The rapid urbanization and e-commerce growth drive demand for advanced warehousing, transportation, and last-mile delivery solutions. India, due to its growing economy and expanding middle class, provides great potential for logistics providers, mainly in areas like cold chain and infrastructure development. Southeast Asian countries like Singapore and Malaysia are regional hubs due to their strategic locations and well-developed transportation networks, which attract significant investment from global logistics players. Australia, with its vast geographical expanse, demands sophisticated logistics solutions to overcome challenges related to remote areas and long distances. Moreover, emerging markets such as Vietnam and Indonesia present opportunities for growth, fueled by increasing consumer spending and rising industrialization. Overall, navigating the Asia-Pacific logistics landscape requires a nuanced understanding of each country's unique market dynamics, regulatory environment, and cultural nuances, making localized insights crucial for success in this dynamic region.
Figure 2: ASIA PACIFIC LOGISTICS MARKET SHARE BY REGION 2023 & 2032 (USD Billion)
Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review
Logistics Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to broaden their product lines, which will help the Logistics market grow even more. Market players are also undertaking various strategic activities to broaden their footprint, with important market developments including contractual agreements, mergers and acquisitions, new product launches, higher investments, and collaboration with other organizations. To expand and sustain in a more competitive and rising market climate, the Logistics industry must offer cost-effective items.
Major players in the Logistics market are trying to raise market demand by investing in research and development operations, including Agility Public Warehousing Co. K.S.C.P, BCR Australia Pty Ltd., C H Robinson Worldwide Inc., CJ CheilJedang Corp., CMA CGM SA Group, FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, Hitachi Ltd., Japan Post Holdings Co. Ltd.
Key Companies in the Logistics market include
Logistics Industry Developments
May 2023: J&T Express started a Share Transfer Agreement with Shenzhen Fengwang Holdings Co., Ltd. J&T Express Supply Chain Co., Ltd., a subsidiary of J&T Express, acquired 100% share rights of wholly-owned subsidiary Shenzhen Fengwang Information Technology Co., Ltd., of Fengwang Holding.
October 2021: The cargo and logistics arm of Etihad Airways, Etihad Cargo, signed a Memorandum of Understanding with SF Airlines of China. This will offer customers of Etihad Cargo connectivity to 25 domestic destinations in China road feeder service trucking network of SF Airline.
Logistics Market Segmentation
Logistics Type Outlook
Logistics End User Outlook
Logistics Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4151.2 Billion |
| Market Size 2023 | USD 4383.6 Billion |
| Market Size 2032 | USD 6778.7 Billion |
| Compound Annual Growth Rate (CAGR) | 5.60% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End User, and Region |
| Region Covered | Asia Pacific |
| Countries Covered | China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, Rest of Asia-Pacific |
| Key Companies Profiled | Agility Public Warehousing Co. K.S.C.P, BCR Australia Pty Ltd., C H Robinson Worldwide Inc., CJ CheilJedang Corp., CMA CGM SA Group, FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, Hitachi Ltd., Japan Post Holdings Co. Ltd. and Nippon Express Holdings Inc. |
| Key Market Opportunities | ·      Growing development of smart logistics solutions |
| Key Market Dynamics | ·      Rapid economic growth and urbanization in the region. ·      Increasing use of advanced technologies, including IoT, ML, and AI |
Frequently Asked Questions (FAQ) :
The Asia Pacific Logistics market size was valued at USD 4383.6 Billion in 2023.
The market is foreseen to rise at a CAGR of 5.60% during the forecast period, 2024-2032.
The prime players in the market are Agility Public Warehousing Co. K.S.C.P, BCR Australia Pty Ltd., C H Robinson Worldwide Inc., CJ CheilJedang Corp., CMA CGM SA Group, FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, Hitachi Ltd., Japan Post Holdings Co. Ltd. and Nippon Express Holdings Inc.
The 3PL category dominated the market in 2023.
The manufacturing category had the largest share of the market.
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