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Vietnam Third Party Logistics (3PL) Market Outlook to 2022: Ken Research

The report focuses on overall market size for third party logistics in Vietnam, market segmentation by market (freight forwarding and warehousing) and by companies (international companies and domestic companies)....

India, 9 April 2018 -- The report titled “Vietnam Third Party Logistics (3PL) Market Outlook to 2022 – By Freight Forwarding and Warehousing 3PL Services and By International Companies and Domestic Companies” provides a comprehensive analysis of 3PL services in Vietnam. The report focuses on overall market size for third party logistics in Vietnam, market segmentation by market (freight forwarding and warehousing) and by companies (international companies and domestic companies). The report also covers the overall competitive landscape in Vietnam 3PL market. The report concludes with market projection for future of third party logistics as described above and analyst recommendations highlighting the major opportunities and cautions for Vietnam 3PL market.

Vietnam 3PL Market Overview and Size
Compared to other parts of the world, logistics industry in Vietnam is still in its developing phase, as supply chain processes for instance procurement, transportation, warehousing and delivery are not executed in an integrated manner. In terms of revenues, Vietnam 3PL market was evaluated at USD ~ billion in the year 2011, which witnessed an increase to USD ~ billion in the year 2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. 3PL providers can offer a variety of services to companies seeking to outsource logistics functions in Vietnam majorly including domestic transportation, international transportation and warehousing. Most of the foreign firms operating in Vietnam such as Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics were observed to offer 3PL or 4PL services whereas, Vietnamese domestic firms could only handle 2PL services. In Vietnam, large scale companies such as DHL, Kuehne + Nagel or DB Schenker were witnessed to be the leading suppliers of 3PL services.
Vietnam 3PL Market Segmentation
By Market
The freight forwarding segment within Vietnam 3PL market dominated with a massive revenue share of ~% in the year 2017. The growth of E-commerce industry in Vietnam is one of the major driving forces for the 3PL freight forwarding owing to increase in demand for fast delivery, efficient inventory management and individualized shipping time. On the other hand, the warehousing segment within Vietnam 3PL market was witnessed to capture the remaining revenue share of ~% in the year 2017. 3PL warehousing companies in Vietnam handles all aspects of shipping a particular product from anywhere in the world to their facilities and then straight into customers hands.
By Companies
International companies operating in Vietnam 3PL market has clearly established themselves as market leader by capturing a whopping revenue share worth ~% in the year 2017. Major international players operating in third party logistics segment include VN Post, Viettel Post, GHN, GHTK, DHL Logistics, Damco, FedEx, APL, Gemadept, Vinafco and Transimex Saigon. On the other hand, domestic 3PL players captured the remaining revenue share of ~% in Vietnam 3PL market in the year 2017.
Comparative Landscape in Vietnam 3PL Market
Third-party logistics outsourcing is rapidly gaining importance in the country as more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. Competition within the logistics industry is ramping up due to tightened capacity along with increased consolidation within the supply chain arena, which has resulted in fewer partners for 3PLs and increased prices. The companies operating in Vietnam 3PL market are competing with each other by offering multiple value added services to the customers. The leading companies in the segment are DHL Logistics, Damco, FedEx and APL. However, many Vietnamese names have emerged in the market recently, including Gemadept, Vinafco and Transimex Saigon.
Vietnam 3PL Market Future Outlook and Projections
Over the forecasted period, Vietnam 3PL market is expected to generate revenues worth USD ~ billion by the year ending 2018 owing to a rising trend for both local and multinational enterprises to outsource logistics functions to 3PL services providers. It has been expected that industrial activities in the country will expand, which will result into growing opportunities for the foreign players. This will positively impact the 3PL market as these companies will require third party logistics partners for handling their supply chain management. Vietnam 3PL market is estimated to generate revenues worth USD ~ billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast period 2018-2022. Additionally, in the coming years, 3PL companies will be emphasizing more on the technological upgradation to engage with the customers such as ERP and SCM and the trend of Fourth-party logistics (4PL) will be emerging in future to support the 3PL business in the country.
Key Topics Covered in the Report
Third Party Logistics Market in Vietnam
Vietnam’s 3PL Market
3PL Network in Vietnam
Logistics Firms 3PL Share Vietnam
3PL Companies Position Vietnam
Thị Trường Hậu Cần Của Bên Thứ Ba
Vietnam 3PL Market
3PL Service Providers in Vietnam
Logistic Services E-Commerce Vietnam
Vietnam 3PL Industry
Vietnam 3PL Sector Growth
Vietnam 3PL Present Scenario
Current Situation 3PL Services Vietnam
Emerging Market Trends in Vietnam Third Party Logistics
Vietnam 3PL Industry Stage
Vietnam 3PL Market Growth
Vietnam 3PL Industry Trends
Vietnam 3PL Market Size
Third Party Logistics Services in Vietnam
3PL Services in Hanoi
3PL Services in Ho Chi Minh City
3PL Services in DA Nang
International 3PL Companies Vietnam
Domestic 3PL Companies Vietnam
Vietnamese 3PL Companies
Number of 3PL Service Providers in Vietnam Logistics Industry
List of 3PL Service Providers in Vietnam
Vietnam 3PL Market Competition Scenario
Impact on Vietnam 3PL Market
Vietnam-EU Trade Agreement Third Party Logistics
Players Vietnam Third Party Logistics
Government Regulations Vietnam Logistics
Vietnam 3PL Companies
3PL Future Outlook Vietnam
Vietnam 3PL Market Future Projections
Future of 3PL Services in Vietnam
Vietnamese Third Party Logistics Service Providers
For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-3pl-market/145653-100.html
Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/142316-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/malaysia-logistics-market-research-report/142315-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/singapore-logistics-warehousing-market/134595-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistics-warehousing-market-report/87939-100.html

# # #


Media Contacts:
Ken Research
Ankur Gupta, Head Marketing & Communications

+91-9015378249

Submitted by kenresearch11, Ken Research Pvt. Ltd. on Monday, 9 April 2018 at 9:23 PM
Category: Automotive & Travel
 
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