ASEAN Warehousing and Distribution Logistics Market Size (2024 - 2029)

The ASEAN logistics and warehouse distribution market is poised for significant growth, driven by the rapid expansion of the e-commerce sector and increasing demand for last-mile logistics. The market's expansion is further supported by the development of transportation infrastructure and government initiatives aimed at enhancing the logistics industry. Singapore's strategic location and robust logistics sector contribute to its rapid growth within the region. Additionally, the rising demand for cold storage solutions, particularly in Vietnam, reflects the changing dynamics of retail and urbanization. This growth trajectory indicates a robust increase in the market size over the forecast period.

Market Size of ASEAN Warehousing and Distribution Logistics Industry

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ASEAN Warehousing and Distribution Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 63.50 Billion
Market Size (2029) USD 85.78 Billion
CAGR (2024 - 2029) 6.20 %
Market Concentration Low

Major Players

ASEAN Warehousing and Distribution Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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ASEAN Warehousing and Distribution Logistics Market Analysis

The ASEAN Warehousing and Distribution Logistics Market size is estimated at USD 63.5 billion in 2024, and is expected to reach USD 85.78 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).

  • Since the pandemic began in early 2020, ASEAN leaders have been forced to apply social distancing measures and lockdown cities on occasion due to the spread of COVID-19. Traditional retail has been put under duress because of the massive closures of physical stores and dwindling consumer demand. While the pandemic has caused great instability for brick-and-mortar retailers and has also accelerated the shift to online shopping channels in ASEAN countries.
  • Due to the high growth rate of the e-commerce sector, the ASEAN warehousing and distribution logistics market is expected to grow rapidly throughout the forecast period. High demand from last-mile logistics and rapidly developing transportation infrastructure are driving the market's expansion. The strong presence of foreign firms and government efforts such as Adapt and Grow and Go Digital coupled with the growing logistics industry is driving the region's warehousing and distribution market. Singapore is a major country in the ASEAN region and due to its geographical advantage and strong freight and logistics business, Singapore is a fast-growing country in the ASEAN area. Further, significant players in the country have substantially funded the warehouse infrastructure.
  • There has been an increase in warehousing demand in certain areas primarily due to rise in e-commerce sales. Throughout 2020-2021, BW, Vietnam's largest industrial for-rent developer specializing in developing warehouses and factories for rent, received a huge volume of requests. The company's long-term development plan enabled it to seize these short-term opportunities efficiently by building light and modern industrial warehouses to meet expanding manufacturing demand and exploding e-commerce expansion.
  • Demand for cold storage continues to rise, forcing cold storage businesses to adapt their supply chain models. According to an industry report, international investors are showing a lot of interest in constructing cold storage in Vietnam to take advantage of the urbanization and retail modernization processes, transforming the way Vietnam's large cities acquire new food sources. The supply lines are expected to be relieved in the future due to considerable infrastructure investment and expansion, such as the development of Long Thanh International Airport.

ASEAN Warehousing and Distribution Logistics Industry Segmentation

Sales logistics and distribution logistics both deal with the organization, execution, and management of the transportation of commodities. The act of holding tangible inventory for eventual sale or distribution is known as warehousing. A complete background analysis of the ASEAN Warehousing and Distribution Logistics Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.

The ASEAN Warehousing and Distribution Logistics Market is Segmented by Geography (Singapore, Thailand, Indonesia, Malaysia, Vietnam, Philippines, and the Rest of ASEAN). The report offers market size and forecasts for the ASEAN Warehousing & Distribution Logistics market in value (USD billion) for all the above segments.

By Geography
Singapore
Thailand
Malaysia
Vietnam
Indonesia
Philippines
Rest of ASEAN
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ASEAN Warehousing and Distribution Logistics Market Size Summary

The ASEAN logistics and warehousing distribution market is poised for significant growth, driven by the rapid expansion of e-commerce and the region's developing transportation infrastructure. The shift towards online shopping, accelerated by the COVID-19 pandemic, has transformed traditional retail dynamics, increasing the demand for efficient logistics solutions. Countries like Singapore, Vietnam, and Thailand are at the forefront of this growth, benefiting from strategic geographical advantages and substantial investments in warehouse infrastructure. The market is characterized by a mix of local and international players, with major companies such as CEVA, Yusen Logistics, and DHL actively expanding their presence to meet the rising demand for warehousing and distribution services.

The market landscape is further shaped by the increasing need for cold storage and the adaptation of supply chain models to accommodate urbanization and retail modernization, particularly in Vietnam. Thailand's burgeoning e-commerce sector has led to the development of specialized warehouse clusters, while Malaysia sees international retailers investing in distribution hubs to enhance delivery efficiency. The region's fragmented market structure allows for competition among numerous players, with local firms leveraging their long-standing presence to compete with global giants. Strategic acquisitions, such as Maersk's purchase of LF Logistics and Geodis's acquisition of Keppel Logistics, highlight the ongoing consolidation and expansion efforts within the ASEAN logistics and warehousing sector, underscoring its potential for continued growth and development.

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ASEAN Warehousing and Distribution Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

      2. 1.2.2 Restraints

      3. 1.2.3 Opportunities

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Government Regulations in ASEAN Countries

    6. 1.6 Technological Developments in Warehousing

    7. 1.7 Insights on Warehousing Rents

    8. 1.8 Insights on General Warehousing

    9. 1.9 Insights on Dangerous Goods Warehousing

    10. 1.10 Insights on Refrigerated Warehousing

    11. 1.11 Insights on Effect of E-commerce Growth

    12. 1.12 Insights on Free Zones and Industrial Parks

    13. 1.13 Impact of COVID-19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Geography

      1. 2.1.1 Singapore

      2. 2.1.2 Thailand

      3. 2.1.3 Malaysia

      4. 2.1.4 Vietnam

      5. 2.1.5 Indonesia

      6. 2.1.6 Philippines

      7. 2.1.7 Rest of ASEAN

ASEAN Warehousing and Distribution Logistics Market Size FAQs

The ASEAN Warehousing and Distribution Logistics Market size is expected to reach USD 63.50 billion in 2024 and grow at a CAGR of 6.20% to reach USD 85.78 billion by 2029.

In 2024, the ASEAN Warehousing and Distribution Logistics Market size is expected to reach USD 63.50 billion.

ASEAN Logistics and Warehouse Distribution Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)