Indonesia Logistics Market - Projected To Expand In Future

 


Currently, the Indonesian logistics market is trading at an inflection point. Further, Indonesia is the world’s fourth-highest populated country with an excellent potential for growth, thus is a key market in the global scenario. According to data published by United Nations Conference on Trade and Development (UNCTAD) in 2017, Indonesia ranked 4th in terms of the most forthcoming investment destinations (after the U.S., China, and India). Indonesia is termed as one of the most lucrative nations for investment. The country has also drawn up a road map for improving five manufacturing sectors, to make it one of the world’s 10 biggest economies.

The report "Indonesia Logistics Market, By Transportation Type (Airways, Waterways, Railways, and Roadways), By Logistic Type (First Party, Second Party, and Third Party), and By End-user (Industrial and Manufacturing, Retail, Healthcare, and Oil & Gas) - Trends, Analysis and Forecast till 2030.

Key Highlights:

·         In 2018, PT Citra Van Titipan Kilat (TIKI) extended its business in the market of Micro, Small, and Medium Enterprises (MSMEs). Being the only official shipping partner of International Handicraft Trade Fair (Inacraft). Additionally, in 2017, the e-commerce platform Bukalapak and TIKI grouped to facilitate SMEs in delivering their products.

·         DHL Express, one of the foremost global companies has invested EUR 16 million in Indonesia to build the Jakarta Distribution Center (JDC). JDC is one of the biggest investments of the company in Asia Pacific. It is also one of the largest shipping centers. The service center is equipped with progressive equipments such as motorized conveyor systems and weighing and re-measuring systems

Analyst View:

Growing E-commerce sector and rising demand for express and third-party logistics (3PL) in the country is driving growth of the Indonesia logistics market. Additionally, in 2016, Indonesia ranked at 71st position in the LPI index of World Bank but moved up to 60th position in 2018, also indicating a positive outlook for the industry. Further, high domestic consumption and the efforts of the government to boost infrastructure is also propelling growth of this market. Technological advancement and investments in infrastructure have impacted the Indonesia logistics market positively. In 2018, Morrison Government decided to fund US$ 212,200 worth Enabling Growth and Innovation Grant (EGI) grant for Deakin University. This was done to initiate industry led vocational education and training (VET) for Indonesia’s logistics sector personnel to offer training and qualifications in order to expand the state of logistics industry in the country. The government also launched over 15 regulatory reforms to improve inter-ministerial coordination and reduce red tape in the country. Moreover, rising demand for air and sea freight logistics across the country is boosting growth of the market. Along with this, the freight forwarding market was strengthened by a high demand for food, beverages and automotive products. Growth in International trade have stirred regional integration, removal of trade barriers, coupled with the rise in containerization levels and expansion in key external drivers of the industry such as demographic, economic, and consumer carters, have led to growth in demand for transportation. This factors are expected to create growth opportunities for the target market over the forecast period.

Key Market Insights from the report:        

The Indonesia logistics market accounted for US$ 72.5 billion in 2019 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented on the basis of transportation type, logistic type, and end-user.

·         By transportation type, railway segment witness highest growth owing to its high use in wholesale high volume bulk commodities

·         By logistic type, the target market is segmented into first party, second party, and third party

·         By end user, the target market is segmented into industrial and manufacturing, retail, healthcare, and oil & gas

To know the upcoming trends and insights prevalent in this market, click the link below:

https://prophecymarketinsights.com/market_insight/Indonesia-Logistics-Market-By-Transportation-4095

Competitive Landscape:

The prominent player operating in the Indonesia logistics market includes Samudera, PT. Siba Surya, PT. Kamadjaja Logistics, PT Tiki Jalur Nugraha Ekakurir (JNE), PT. POS Indonesia, PT Bhanda Ghara Reksa, PT. Puninar Jaya, PT. Cardig Logistics Indonesia, PT Indika Logisitc & Support Services, and CKB Logistics.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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