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Asian Pacific is expected to remain the largest market and i
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MessaggioInviato: 09 Nov 2019 07:03:13    Oggetto:  Asian Pacific is expected to remain the largest market and i
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, Airport Operations in Philippines ,Snapshot on Philippines Freight, Freight Forwarding Businesses in Philippines : Ken Research
by ken001 · October 31, 2018


The report titled 鈥?u>Philippines Freight Forwarding Market Outlook to 2023 鈥?By Land, Water and Air Transport; By International and Domestic Freight; By Flow Corridors; By Third Party Logistics; By Express Delivery 鈥?u> by Ken Research suggested a growth at a noteworthy six year CAGR of 8.6% in terms of revenue in Philippines freight forwarding market in next 5 years till the year ending 2023E.


The domestic companies were observed to manage their operations via in-house whereas the international MNCs always make alliances with international freight companies backed by extensive service network and brand image in the ease in demand for transportation of goods from one place to another has accelerated the size of the freight forwarding market in the Philippines. The high export and import revenues have positively impacted the freight forwarding industry in the country. The industry has witnessed large number of players in this segment which has aided the market revenues of freight forwarding in Philippines including both domestic as well as international companies. These freight forwarding companies specialize in providing a full range of services such as tracking inland transportation
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, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance
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, and filing of insurance claims. Expanding FMCG sector, retail sector, food and E-commerce industry has attributed towards the growth of freight forwarding industry in the country. Freight forwarders are specialized firms in the logistics chain and can be classified into ocean freight forwarders and air forwarders. In the initial stages of forwarding, freight forwarders provide clearing and forwarding services as an agent of the shipper. At the intermediate level, they make available services such as cargo consolidation
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, road haulage, and customs clearance. At the final stage, they can also provide door-to-door services as multimodal transport operators. Freight forwarders offer all or a limited range of services depending on their size, number of personnel, and number of branches.


Key Segments Covered


By Freight Movement

Road Air Sea

By Delivery:

Normal Express

By Freight Forwarding

International Domestic

By Flow Corridors

Asia North America Europe Middle East

By Companies

International Companies Domestic Companies

Key Target Audience

Shipping Companies Freight Forwarders Logistics Association Express and E-Commerce Logistics Companies Consulting service providers Private Equity VCs Investment Banking Companies

Companies Covered:

LBC Express 2Go PHL Post JRS Express Air 21 DHL FedEx UPS TNT Lazada Express Shopee Jolly B Box Forex Cargo Afreight Chelsea Logistics Holdings Corporation International Container Terminal Services Inc. Lorenzo Shipping Corporation Metro Alliance Holdings and Equity Corp. Asian Terminals Inc. AAI Worldwide Logistics Inc. Kintetsu World Express Royal Cargo

For more information on the research report
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, refer to below link:



Related Reports





Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@


+91-9015378249 According to a new market report published by Lucintel, the future of the composite materials in the global sporting goods industry looks attractive with opportunities in skis & snowboards, bicycle, rackets
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, golf clubs & shafts, hockey sticks, and fishing rod applications. The composite materials market in the global sporting goods industry is expected to reach an estimated $579 million by 2023 and is forecast to grow at a CAGR of 3.2% from 2018 to 2023. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
In this market, fiber (glass fiber, carbon fiber
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, aramid fiber) and resin (epoxy, polyamide, vinyl ester) are the major raw materials used for producing skissnowboards, bicycle components, rackets
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, golf clubsshafts, hockey sticks, and fishing rods. Lucintel forecasts that the skis & snowboard is expected to remain the largest application by volume and golf shafts & clubs by value. Fishing rod is expected to witness the highest growth during the forecast period supported by the growing demand for lightweight and high strength materials.
By reinforcement type, carbon fiber reinforced composite is expected to remain the largest segment over the forecast period. In terms of growth, glass fiber composites and carbon fiber composites are expected to witness moderate growth over the forecast period.
By resin type
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, epoxy based composite is expected to remain the largest segment by value and volume due to its wider application areas. Polyamide based composites is expected to witness highest growth over the forecast period due to increasing use of thermoplastic resin based materials.
Asian Pacific is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period. Asia Pacific became the home for leading composite component manufactures for sporting goods industry.
Emerging trend, which has a direct impact on the dynamics of the industry, includes increasing use of thermoplastic resin based composite materials.
Some of the companies supplying composite materials to sporting goods industry are Toray, Mitsubishi Rayon Co., TenCate.
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