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Rapid Growth of Manufacturing Industry and Developing Logistics Infrastructure to Drive the Road Freight Market in Vietnam: Ken Research

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Rapid Growth of Manufacturing Industry and Developing Logistics Infrastructure to Drive the Road Freight Market in Vietnam: Ken Research

September 14
01:52 2021
Rapid Growth of Manufacturing Industry and Developing Logistics Infrastructure to Drive the Road Freight Market in Vietnam: Ken Research
Vietnam Logistics market has grown at a very high growth rate over the review period 2015-2019 and was further supported by increase in shift in manufacturing industries towards Vietnam, advancement of technology in the market, introduction of new players in the market.
The report provides a comprehensive analysis of the Ambient Container Truck Market of Vietnam. The report also covers overview and genesis of the industry, overall market size in terms of revenue and freight volumes, market segmentation by transport sector, ownership of enterprises, means of transportation; snapshot on Road Freight Market, trends and developments.
  • Volume of Freight carried by Road is expected to increase as major manufacturing industries shifting towards Vietnam.
  • Entry of international road freight players into the Vietnamese market is expected to drive the demand further with the introduction of technological advanced fleet in the country.
  • The growth in internet retail market is propelling the logistics market at present and same trend is projected to be monitored over the next couple of years.

Vietnam’s Elevating Economy: Vietnam’s growing economy is supporting the Road Freight industry in Vietnam. The Government of Vietnam has allowed 100% FDI (Foreign Direct Investment) in its Logistics sector. Along with it, Vietnam has been increasing the no. of free trade agreements with ASEAN countries like Cambodia, Laos, China, and Singapore among others. The development of infrastructure has been a major driver for the Vietnam’s road freight transport market. Vietnam’s boosting economy has been attracting major players from around the world to strengthen its potential to become one of the leading e-commerce markets in Southeast Asia.

Increased focus on Innovation: As market awareness increases, the road freight service providers are focusing more on product innovation and addition of latest technologies. Digitization is helping address challenges in Vietnam’s road freight system. Technological solutions, such as GPS, Intelligent Transportation System, increase access to real time tracking information and optimizing the travel routes and freight arrival times.

Logistics Demand to Rise:Vietnam has expanded to become a leading manufacturing hotspot in SE Asia owing to high availability of labor and low labor costs. In the past 20 years the land allotted to Industrial parks have increased from 330 to more than 80,000 hectares. Vietnam imports majority of the raw material and exports the manufactured products increasing the demand for Logistics over the years.

The report titled Vietnam Road Freight Market Outlook to 2025 by Ken Research suggested that the logistics market is expected to grow at a double digit positive CAGR. Increased Trade and Technological advancements in the fleet are driving the ambient container truck market in Vietnam. The Road Freight revenue in Vietnam is expected to grow over the next few years owing to the increasing industries and trade parks in the country.

Key Segments Covered:-

Logistics Market

By Freight Volume

By Transport Sector

By Transportation

By Enterprise Ownership

Road Freight Market

By Freight Volume

Fleet Characteristics

Key Target Audience:-

Manufacturing Industry

FMCG Industry

Food Processing Industry

Agriculture industry

Food Packaging industry

Transporatation industry

Consumer Electronics Industry

Electrical Industry

Automobile Industry

Time Period Captured in the Report:-

Historical Period: 2015-2019P

Forecast Period: 2020F–2025F

Companies Covered:-

Road Freight Industry

Viettel Logistics

SNP – Saigon New Port

MP Logistics

Indo Trans Limited

DB Schenker

Transimex Corp.

Bollore Logistics

VinaFreight International

U&I Logistics

Gemadept Corp.

Nguyen Ngoc

Bee Logistics

VinaTrans

TCI Logistics

Minh Chau JSC

Interlink

End User:-

Trung Nguyen

Unilever

Samsung

Viettel

Sapporo Breweries

Yakult Honsha

PetroVietnam

CocaCola

TOTAL

Nestle

VinaMilk

Masan Holdings

Suntory Pepsico

Sabeco Brewery

Procter & Gambler

Key Topics Covered in the Report:-

Vietnam Logistics Market Introduction

Vietnam Logistics Market Size, 2015-2019P

Vietnam Logistics Market Segmentation, 2015-2019P (Revenue, Freight Volume, Transport Sector, Transportation, Enterprise Ownership)

Detailed Analysis on Road Freight Market ( Revenue, Freight Volumes, Fleet Characteristics, End User Analysis, Supply EcoSystem, Cost Component, Demand Analysis)

Major Challenges in Vietnam Road Freight Market

Regulatory Landscape in Vietnam Logistics Market

Target End Users(Analysis on Top 15 FMCG companies)

Comparative Landscape in Vietnam Road Freight Market

Vietnam Road Freight Market Future Outlook and Projections, 2020F-2025F (Revenue, Freight Volumes, Future Innovations)

Impact of Covid-19 on Road Freight Industry

Top Logistics Players in Vietnam

Top Road Freight Players in Vietnam

Top Ambient Container Truck players in Vietnam

Road Freight Market in Red River Delta

Road Freight Market in Northern Vietnam

Road Freight Market in Central Vietnam

Road Freight Market in Southern Vietnam

Road Freight Market in Mekong River Delta

Impact of Covid-19 on Road Freight Market in Vietnam

Impact of Covid-19 on Logistics Market in Vietnam

For More Information on the research report, refer to below link:

Vietnam Road Freight Market

Related Reports:-

India Road Freight Market Outlook to 2024 – Driven by BS VI Norms, revision in Existing Axle Norms by the Government and Technological Advancements

 

India Logistics Sector has witnessed a robust CAGR with highest share to freight forwarding Market followed by Warehousing, Courier parcel and Express market and VAS Market. Road freight is the dominant mode with transportation to Domestic Flow corridors and international Neighboring Countries also. Many real estate developers such as Indospace, Logos India, ESR and many more are making constant investments in warehousing market in Gurgaon, Chennai and Mumbai. E commerce sector is becoming extremely popular with introduction of online payments such as Amazon Pay, Paytm, Gpay and new popular delivery apps. 

 

Turkey Logistics and Warehousing Market Outlook to 2025 – By Domestic and International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight and Pipelines, Sea, Air and Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic and Cross Border E-commerce Logistics

Turkey logistics and warehousing market displayed a consistent growth during the period 2013 to 2018. The growth in the automotive exports coupled with rising e-commerce sector was witnessed to drive the Turkey logistics market. The country also has a robust manufacturing sector that contributes to almost 25% of the country’s GDP and provides the boost to the logistics industry in Turkey. In addition to this, the implementation of Vision 2023 and Logistics Master Plan 2023 by the government also indicates a positive outlook for the industry. The market has increased owing to high domestic consumption and the efforts of government to boost infrastructure. The investments in infrastructure and technology have impacted Turkey logistics market positively.

Philippines Road Freight Market Outlook to 2024 – Driven by Government Spending on Road Infrastructure and Technological Advancements

 

Philippines Logistics Sector has witnessed a robust CAGR with the highest share to freight forwarding Market followed by Warehousing, Courier parcel, and Express market, and VAS Market. Sea and Road are dominant modes of transportation with road transportation only possible domestically due to its Archipelago location. Many real estate developers such as Metro pacific, Ayalaland, Filinvest and SM Corporation are entering in the warehousing market through Mergers & Acquisitions. With the help of infrastructural developments, the LPI index of Philippines reached 60 in 2018. Competence and quality of logistics services also saw an increase from the 77th position (2016) to the 69th position (2018).

 

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