Market Research Reports - Ken Research Vietnam Third Party Logistics (3PL) Market Outlook

Vietnam Third Party Logistics (3PL) Market Outlook to 2022: Ken Research
The report titled “Vietnam Third Party Logistics (3PL) Market Outlook to 2022 – By Freight
Forwarding and Warehousing 3PL Services and By International Companies and Domestic
Companies” provides a comprehensive analysis of 3PL services in Vietnam. The report focuses
on overall market size for third party logistics in Vietnam, market segmentation by market
(freight forwarding and warehousing) and by companies (international companies and domestic
companies). The report also covers the overall competitive landscape in Vietnam 3PL market.
The report concludes with market projection for future of third party logistics as described
above and analyst recommendations highlighting the major opportunities and cautions for
Vietnam 3PL market.
Vietnam 3PL Market Overview and Size
Compared to other parts of the world, logistics industry in Vietnam is still in its developing
phase, as supply chain processes for instance procurement, transportation, warehousing and
delivery are not executed in an integrated manner. In terms of revenues, Vietnam 3PL market
was evaluated at USD ~ billion in the year 2011, which witnessed an increase to USD ~ billion in
the year 2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. 3PL
providers can offer a variety of services to companies seeking to outsource logistics functions in
Vietnam majorly including domestic transportation, international transportation and
warehousing. Most of the foreign firms operating in Vietnam such as Maersk Logistics, APL
Logistics, NYK Logistics and MOL Logistics were observed to offer 3PL or 4PL services whereas,
Vietnamese domestic firms could only handle 2PL services. In Vietnam, large scale companies
such as DHL, Kuehne + Nagel or DB Schenker were witnessed to be the leading suppliers of 3PL
services.
Vietnam 3PL Market Segmentation
By Market
The freight forwarding segment within Vietnam 3PL market dominated with a massive revenue
share of ~% in the year 2017. The growth of E-commerce industry in Vietnam is one of the
major driving forces for the 3PL freight forwarding owing to increase in demand for fast
delivery, efficient inventory management and individualized shipping time. On the other hand,
the warehousing segment within Vietnam 3PL market was witnessed to capture the remaining
revenue share of ~% in the year 2017. 3PL warehousing companies in Vietnam handles all
aspects of shipping a particular product from anywhere in the world to their facilities and then
straight into customers hands.
By Companies