ASEAN E-commerce Logistics Market Size (2024 - 2029)

ASEAN E-commerce Logistics Market Analysis

The ASEAN E-commerce Logistics Market size is estimated at USD 6.22 billion in 2024, and is expected to reach USD 11.30 billion by 2029, growing at a CAGR of 14.5% during the forecast period (2024-2029).

When COVID-19 caused a surge in e-commerce throughout Southeast Asia, delivery companies struggled to sustain and expand their success. Southeast Asia's internet retail value increased from USD 495 billion to an estimated USD 581 million. Warehouses were typically 1,000 sq. mt. in size, but demand was for multi-level warehouses that could be 10,000 or 15,000 sq. mt.

Southeast Asia is poised for rapid growth in e-commerce. Five Southeast Asian countries are among the world's fastest-growing e-commerce markets, accounting for half of the top ten. Southeast Asia was previously an e-commerce laggard, digitally overshadowed by China and Japan. However, nearly all of them now have mobile devices and, as a result, internet access. The five countries' mobile penetration rates are all close to 100%.

According to industry sources, Malaysia has a population of 32.8 million people. E-commerce sales in the base year were USD 6.3 billion, up 15% from the previous year. Shopee is the most popular marketplace, followed by PGMall, a local platform that collaborates with JD. The most popular marketplaces are JD, Shopee, and Lazada. The main product categories are electronics and personal care.

Even though the rapid growth of e-commerce is driving logistics development in this market, this remains a challenge for a few countries with complex topography in Southeast Asia. Logistics operation management is a challenge for e-commerce businesses. As economies recover from the global pandemic and income levels rise, the intra-Asian market is expected to expand, with a corresponding increase in demand for express logistics services propelled by the thriving e-commerce sector.

ASEAN E-commerce Logistics Industry Segmentation

E-commerce logistics refers to the transportation service provided to the online retail market. A complete background analysis of the ASEAN e-commerce 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 E-commerce Logistics Market is segmented By Service (Transportation, The report covers the ASEAN E-commerce Logistics Market Size and statistics. The market is Segmented By Service (Transportation, Warehousing and Inventory Management, and Value-added Services (Labeling, Packaging, etc.)), Business (B2B and B2C), Destination (Domestic and International/Cross-border), Product (Fashion and Apparel, Consumer Electronics, Home Appliances, Furniture, Beauty and Personal Care Products, and Other Products (Toys, Food Products, etc.)), and Country (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and the Rest of ASEAN). The report offers the market size in value terms in USD for all the abovementioned segments.