Asia-pacific e-commerce logistics Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
The e-commerce logistics market of Asia-Pacific region is expected to grow modestly during the forecast period (2018-2023). The market has been positively influenced by growing e-commerce market and market players including new entrants, inexpensive workforce, increasing smartphone and internet penetration and emerging cross-border e-commerce market. Massive pool of customers is creating demand for Asia-pacific e-commerce logistics Market coupled with rising online shopping and cohesive government policies. Government support, large and inexpensive workforce allows the logistics companies to operate their business smoothly in Asia Pacific region. The internet and smartphone penetration in the region is also at peak and growing at a decent pace to boost the e-commerce logistics market. Emerging cross-border sale in the region also increases the opportunity for the e-commerce companies to explore the market. Globally, Asia Pacific is the biggest region in terms of e-commerce sales giving rise to significant demand for e-commerce logistics. However, the logistics companies may have to restrict their reach and coverage due to under developed infrastructure in few countries which may hinder them to cover larger market. Rural market covering large part of the APAC region lacks road connectivity from cities. The fluctuating petrol and diesel price also hinders the business operation of the logistics companies.