Logistics and warehousing are essential elements of supply chain management because they facilitate the effective movement of goods and materials from point of origin to point of consumption. Transportation, inventory management, and information flow are examples of logistics activities. It comprises organizing commodity transportation, managing storage facilities, and developing distribution networks to meet client demands while keeping costs to a minimum.
According to SPER market research, ‘Vietnam Logistics and Warehousing Market Size- By Type, By Ownership, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’state that the Vietnam Logistics and Warehousing Market is predicted to reach USD XX billion by 2032 with a CAGR of 11.23%.
The logistics and warehousing market in Vietnam have expanded dramatically in recent years because of several major factors. For starters, Vietnam’s strong economic performance and increasing industrialization have created a significant demand for efficient logistics and warehousing solutions. The country has grown into a manufacturing and export powerhouse, attracting foreign direct investment and positioning itself as a key component in global supply chains. As a result, trade volumes and need for trustworthy transportation, distribution, and storage services have increased.
Several problems affect the growth and sustainability of the Vietnam logistics and warehousing market. First of all, problems with infrastructure are a major difficulty. Despite ongoing progress, Vietnam’s transportation network, which includes highways, trains, and ports, requires significant improvements to fulfil the rising logistics sector’s demands. Inadequate infrastructure can cause congestion, delays, and increase logistics companies’ operating costs. Furthermore, the logistics and storage industry in Vietnam is experiencing a shortage of experienced personnel and qualified professionals. Workers with understanding of supply chain management, inventory control, and technology integration are in high demand in the business.
Impact of COVID-19 on Vietnam Logistics and Warehousing Market
The COVID-19 pandemic has had a significant impact on the Vietnam logistics and warehousing business. Firstly, global supply chain disruptions induced by lockdowns and travel restrictions have impeded the movement of commodities and raw materials. Delays and increased transportation costs have resulted from a lack of international shipping services and limited air cargo capacity, reducing the overall effectiveness of logistics operations.
Secondly, the epidemic has accelerated the transition to e-commerce, as individuals have resorted to the internet to suit their needs. This surge in e-commerce activity has boosted demand for logistics and storage services, particularly last-mile delivery and fulfilment centres.
Vietnam Warehousing Market Key Players:
Geographically, the logistics and warehousing market in Vietnam illustrates regional variations in terms of infrastructure development, industrial concentration, and demand trends. The northern area, which includes Hanoi and Hai Phong, is a significant commercial and industrial centre. It benefits from close proximity to major seaports and an extensive transit network. Because of its strategic location, this region enjoys tremendous trade activity and draws logistics businesses. Warehousing facilities in the northern region serve a variety of industries, including industrial, automotive, and electronics. Additionally, some of the market key players are Sea and Air Freight International, Sotrans Vietnam, Transimex Saigon Corporation, Vinafco, Vinalink Logistics.
Vietnam Logistics and Warehousing Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Vietnam Warehousing Market is segmented as; Cold Storage Warehousing, General Warehousing, Others.
By Ownership: Based on the Ownership, Vietnam Warehousing Market is segmented as; Bonded Warehouses, Non-Bonded Warehouses, Others.
By End User: Based on the End User, Vietnam Warehousing Market is segmented as; Chemicals, Consumer Goods, Food and Beverage, Healthcare, Retail, Textile and Footwear, Wooden Products, Others.
By Region: This report also provides the data for key regional segments of Central Vietnam, North Vietnam, Southern Vietnam.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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