ASEAN e-commerce market is growing at a considerable CAGR of 20.6% during the forecast period (2021-2027). The major factors that are contributing to the growth of the market include the increasing number of e-commerce companies, growth in e-commerce sales, and technological advancements across the ASEAN economies. Moreover, the high discounts offered by e-commerce companies and the availability of new products have increased the interest among people toward online shopping. The significant growth in mobile internet penetration has also played an important role in the growth of the market. The advancement in technology can be implemented to improve control of shipping movement and logistics that includes drones and optimization of vehicle routing and efficiency, such as platooning of trucks. Moreover, The free trade agreement between the ASEAN countries enables the smooth flow of goods from one country to another. It allows the logistics companies to expand rapidly. The e-commerce logistics market players in ASEAN countries are expected to gain momentum due to growing revenues and expansion in the untapped ASEAN region. However, inconsistency in the ease and speed of customs clearance, poor GPS coverage, lack of quality standard, and poor connectivity of railways and roadways has affected the reach and coverage of the logistics company are some of the restraints that can challenge the growth of the market during the forecast period.
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For instance, In February 2021, Rakuten Payment, Inc., and crypto asset (virtual currency) exchange business operator Rakuten Wallet, Inc. The Rakuten Group started Bitcoin and Other Crypto Currencies used to charge e-money for its e-commerce business. The users will be able to safekeeping their Rakuten Cash balance, and online e-currency provided by the Rakuten Group, with Bitcoin. By doing so, the user will be able to use crypto assets to shop at Rakuten Pay and Rakuten Point Card-affiliated businesses across Japan. In January 2018, DHL and the Panama Ministry of Commerce and Industry jointly launched a Global Center of Excellence (GCOE) that aims to fulfill the central objectives of the “National Logistics Strategy of Panama by 2030”. Such strategy goals set by the country and the company’s partnership further increase the market share. GCOE was launched to increase international investment in Panama in the areas of logistics and transport.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global ASEAN E-commerce Logistics Market
By Services
- Transportation Services
- Warehousing Services
- Other E-Commerce Logistics Services
By Product
- Baby Products
- Personal Care Products
- Books
- Home Furnishing Products
- Apparel Products
- Electronics Products
- Automotive Products
- Others
By Location
- Urban
- Semi-Urban
- Local
Global ASEAN E-Commerce Logistics Market by Geography
- Indonesia
- Thailand
- Malaysia
- Singapore
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