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

ASEAN Warehousing And Distribution Logistics Market Analysis

The ASEAN Warehousing And Distribution Logistics Market size is estimated at USD 31.38 billion in 2024, and is expected to reach USD 40.42 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

As one of the world’s fastest-growing economies, Southeast Asia has benefitted from a broad-based economic growth model based on global trade, inward investment, and regional and global integration into value chains. However, sustaining this growth momentum will necessitate several reforms to strengthen the region's economic and social resilience. These reforms will include lowering regulatory barriers to competition and market entry to promote innovation, productivity, and efficiency.

Warehousing and distribution logistics in ASEAN are expected to experience rapid growth due to the rapid growth of the e-commerce sector. The high demand for last-mile logistics and the fast-developing transportation infrastructure contribute to the development of ASEAN's warehousing and distribution logistics market. The presence of foreign firms in the region, as well as government initiatives like Adapt and Grow & Go Digital, in addition to the growing logistics industry, is driving the growth of the warehousing and distribution market in the region. Singapore is one of the major countries in ASEAN. With its geographical location and strong freight and logistics business, it is one of the fastest-growing countries in the region. Major players in the region have significantly funded the warehouse infrastructure.

Warehousing demand has been on the rise in some regions, mainly due to the growth of e-commerce. The previous year, BW (Vietnam’s #1 Industrial For-Rent Developer), specializing in developing warehouses and factories to rent, received unprecedented requests. BW’s long-term development strategy allowed it to take advantage of these short-term opportunities effectively by constructing light and contemporary industrial warehouses to cater to the growing manufacturing demand and the explosion of e-commerce growth.

The demand for cold storage is rising, forcing companies to adjust their supply chain strategies. According to the industry report, foreign investors are increasingly interested in building cold storage facilities in Vietnam to benefit from the urbanization process and retail modernization, changing how Vietnam’s big cities get fresh food. The supply chains are expected to become more efficient in the future due to significant infrastructure investment and development, including the construction of the long-awaited Long Thanh International Airport.

ASEAN Warehousing And Distribution Logistics Industry Segmentation

Sales logistics and distribution logistics deal with the organization, execution, and management of the transportation of commodities. 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 logistics market is segmented by geography (Singapore, Thailand, Indonesia, Malaysia, Vietnam, the Philippines, and the Rest of ASEAN).

The report offers the market size in value terms in (USD) for all the above-mentioned segments.