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According to Ken Research estimates, the Market Size of Philippines On-Demand Logistics has shown increasing trend from 2018 to 2021. However, COVID-led change in consumer behavior towards using online as a replacement for local grocery stores, and the growing importance of speed and convenience are driving the segmentu2019s growth. Shift in consumer behavior from value-seeking to convenience-seeking, resulting in weekly, small-sized purchases rather than larger, monthly purchases driving the demand for on-demand logistics market.
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Autonomous Cargo Vehicles, B2C Orders, and Gen Z: Fueling the Growth of Philippines' On-Demand Logistics Market and What’s more? : Ken Research The On-Demand Logistics Market in Philippines is moderately fragmented with competitive rivalry among the competitors. Some of the popular Logistics brands like Food Panda, Lalamove, Gomoto etc compete on the basis of Delivery Cost, Number of Orders, Network Coverage, B2B Clients and more. E-Platform Players in Philippines Logistics Market 1. Growth Drivers for the Philippines On-Demand Logistics Market: Consumer Behavior Shifts Towards Convenience, Unplanned Ordering, and Gen-Z Indulgence.
To learn more about this report Download a Free Sample Report Increasing usage of advanced mobile applications and banking solutions for the customers has made it easier for them to shop online with faster deliveries and live tracking as trends. Increased affinity of online and Gen-Z customers towards top-up and indulgence purchases driving the segment. Also, the rising unplanned online ordering behavior from metro and tier I cities is also a contributing factor in the rise of the segment. On-Demand logistics which is the natural evolution of e-commerce is the result of changing lifestyles and consumer behavior. COVID-led change in consumer behavior towards using online as a replacement for local grocery stores. Willingness to pay for premium products, growing market for easy-to-cook products at-home delivery, demand for healthy and nutritional products, rising consumption of newer products through global experiences. Shift in consumer behavior from value-seeking to convenience-seeking, resulting in weekly, small-sized purchases rather than larger, monthly purchases driving the demand for on-demand logistics market. 2. Rise of Instant Delivery Platforms: Filipinos Drive B2C Orders in 2021, Fueled by Growing Millennial Population.
Visit this Link: –Request For Custom Report With smartphone apps and traffic growing year-over-year, B2C orders are on rise in Philippines. With rising millennial population companies are offering services to cater to the demands of the next gen consumer. B2B orders are also on rise, the major category is consumer durables and electronics and last mile delivery - high penetration and acceptance of online channel in E-B2C are expected to have a domino effect on E-B2B. 3. Driving Tech Trends in the Philippines On-Demand Logistics Market: Early Adoption of Autonomous Delivery and Cost-Driven Innovations. Several players are already piloting last mile, urban deliveries with car-size vehicles (or a little smaller) operating on streets and intended to become autonomous.
Philippines is preparing to use drones to deliver food and groceries soon and the drone delivery of medical supplies. Usage deployment is likely to be the highest in low density urban or rural areas. Allow customers to select any locker location as their parcel delivery address. They can then retrieve their orders by entering a unique pick-up code, removing the need for human involvement. Amazon, Home Depot and Walmart are major retailers to follow the suit. Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report: E-commerce Companies Third-Party Logistic Providers Potential Market Entrants Freight Forwarding Companies Warehousing Companies Cold Storage Companies Industry Associations Consulting Agencies Government Bodies & Regulating Authorities Time Period Captured in the Report: Historical Period: 2018-2021 Base Year: 2021 Forecast Period: 2021-2026 For More Insights On Market Intelligence, Refer To The Link Below: – Philippines On-Demand Logistics Market Outlook to 2026 Related Reports By Ken Research:- UAE Logistics Market Outlook to 2026 Indonesia Logistics Market Outlook to 2027