Air Freight Industry Vietnam, Rail Freight Market Vietnam-Ken Research

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Vietnam Freight Forwarding Market Research
Report-Ken Research
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The report titled Vietnam Freight Forwarding
Market Outlook to 2022 By Normal and Express
Delivery By Sea, Road, Air and Rail Freight and
By International and Domestic Freight Forwarding
provides a comprehensive analysis of freight
forwarding services in Vietnam. The report
focuses on overall market size for freight
forwarding in Vietnam, market segmentation by
normal and express delivery, by freight movement
(sea freight, road freight, air freight and rail
freight), by international and domestic freight
forwarding and by flow corridors (Asia Countries,
European Countries, American and African
Countries). The report also covers the overall
competitive landscape and government role and
regulations. The report concludes with market
projection and analyst recommendations
highlighting the major opportunities and cautions
for overall Vietnam freight forwarding
market. Vietnam Freight Forwarding Market
Overview and Size The growth of freight
forwarding in Vietnam was supported by
development in major industries such as
manufacturing, retail, wholesale, construction,
agriculture and mining. The freight forwarding
industry in Vietnam was evaluated at USD
billion in terms of revenue contribution in 2011.
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The market witnessed an increase to USD billion
in 2012, thus growing at in comparison with
previous year. Expanding FMCG sector, retail
sector, food and E-commerce industry in the
country has attributed to the extraordinary
growth of the freight forwarding industry in the
country. The market generated revenues worth USD
billion in the year 2017, thus growing at a six
year CAGR of in the review period 2011-2017.
The Governments direction on improving the
sectors including infrastructure development, the
restructuring of the air freight market by the
year 2020 will see the development of the cargo
transport market via air and growth in the role
of air freight, particularly in key economic
zones as well as the remote areas. Vietnam
Freight Forwarding Market Segmentation By Normal
and Express Delivery The normal / standard
delivery segment dominated Vietnam freight
forwarding market with a massive revenue share of
, whereas the remaining revenue share of was
captured by the express delivery segment in the
year 2017. Normal delivery services are generally
preferred where there is no urgent requirement
for ordered goods. In Vietnam, majority of the
customers prefer the cheapest form of shipping
and are witnessed to wait for longer durations.
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By Freight Movement The sea freight segment
dominated Vietnam freight forwarding market by
capturing revenue share of in the year 2017
majorly due to increasing trade activities
amongst the Southeast Asian countries. Port of
Haiphong is the leading seaport of northern
Vietnam and is scheduled to handle ships of up to
DWT, thereby offering services such as cargo
handling, tallying and warehousing. Some of the
other leading seaports include Da Nang port and
Saigon port. The road freight segment followed
sea freight services in Vietnam freight
forwarding market with a revenue share of in
the year 2017 owing to a larger fleet of vehicles
and a national network of strategically located
warehouses and distribution centers. The
remaining revenue share was captured by air
freight and rail freight segments collectively in
2017. By International and Domestic Freight
Forwarding International freight forwarding
accounted for majority of the revenues for
overall Vietnam freight forwarding market by
capturing massive revenue share of in the year
2017. Free trade agreements with other nations
over the period 2010-2017 have provided
significant boost to international freight
forwarding sector in Vietnam. On the other hand,
the domestic freight forwarding segment was
observed to capture the remaining revenue
share in 2017.
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By Flow Corridors Asia flow corridor was observed
to be the largest contributor in terms of revenue
in Vietnam freight forwarding market by capturing
revenue share of in the year 2017. In
accordance with International Trade Centre,
Vietnams import to Asia as well as export from
Asia was recorded as USD thousand and USD
thousand as of 2015 in comparison with other
regions such as Europe, America and Africa. The
Vietnam-Europe flow corridor followed
Vietnam-Asia with a revenue share of in the
year 2017. Other major flow corridor includes the
Africa region which has been counted as emerging
trading partners for Vietnam.   Comparative
Landscape in Vietnam Freight Forwarding
Market The freight forwarding industry in Vietnam
was observed as highly fragmented with the
presence of both domestic as well international
freight forwarders in the country. In accordance
with the Vietnam Freight Forwarders Association
(VIFFAS), there are approximately freight
forwarders in Vietnam as of 2013, most of which
constitute small and medium sized enterprises
with limited capital, well-equipped facilities
and a respectable number of warehouses. On the
basis of revenue, major freight forwarding
companies amongst the air freight segment are
ranked in the following order - DHL, UPS,
Expeditors, Panalpina, Kintetsu, APLL, Hellmann,
UTI and Kuehne Nagel.
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Other freight forwarders focusing on ocean
freight / contract logistics / warehousing
services include Ceva, Bollore, DB Schenker and
others. The US and EU market was witnessed to
majorly contribute towards Vietnam freight
forwarding market. Vietnam Freight Forwarding
Market Future Outlook and Projections Over the
forecasted period, Vietnam freight forwarding
market is expected to generate revenues worth USD
billion by the year ending 2018, driven by
expanding industrial activities, growing
E-commerce industry and continuous investment by
the government in development of logistics
infrastructure in Vietnam. In terms of revenue
recognition, Vietnam freight forwarding market is
estimated to see a positive trend owing to
expanding industrial activities in the country,
thus evaluated at USD billion by the year
ending 2022. Key Topics Covered in the
Report Freight Forwarding Market in
Vietnam Vietnam Freight Forwarding Market Freight
Forwarding Businesses in Vietnam Vietnam Freight
Forwarding Association Vietnam Cargo Handling
Market
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Freight Consolidation Market Vietnam Inland
Transportation Market Vietnam Vietnam Freight
Industry Vietnam Freight Movement Flow Corridor
Freight Vietnam Throughput Freight Movement
Vietnam Transport Infrastructure in Vietnam Road
Transportation in Vietnam Sea Freight Market in
Vietnam Air Freight Industry Vietnam Rail Freight
Market Vietnam Vietnam Freight Forwarding Market
Size Freight Forwarding Services in
Vietnam Freight Forwarding Services in
Hanoi Freight Forwarding Services in Ho Chi Minh
City Freight Forwarding Services in Da
Nang Normal and Express Delivery in Vietnam Major
Flow Corridors in Vietnam Freight Vietnam Cross
Border Freight Number of Freight Forwarders
Vietnam List of Freight Forwarders in Vietnam
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Shipping Fleet of Major Vietnam Seaports Cargo
Output through Vietnam Seaports Major Players
Vietnam Freight Forwarding Government Regulations
Vietnam Logistics Freight Forwarding Future
Outlook Vietnam Recommendations Vietnam
Freight Recommendations Vietnam Transport
Infrastructure   For more information on the
research report, refer to below
link https//www.kenresearch.com/automotive-trans
portation-and-warehousing/logistics-and-shipping/v
ietnam-freight-forwarding-market/145654-100.html
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