The Myanmar Freight & Logistics Market Research Report Forecast 2020 – 2023 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Freight & Logistics market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Freight & Logistics data that enhances the understanding, scope, and application of this report.
The Myanmar freight & logistics market is expected to reach a market value of USD 7.52 billion by 2023.
Top Companies in the Myanmar Freight & Logistics Market: DB Schenker, DHL, Yusen Logistics, Bollore Logistics, CEA Project Logistics, EFR Global,JWD InfoLogistics, Advantis and Ceva.
Currently, almost all international trade that is occurring in Myanmar via the sea route is being handled by the port area of Yangon (almost 90%). Hence, international ocean/inland water freight forwarding is heavily focused at the Yangon port area, which houses the most significant ports, currently, with the ability to handle containers. The key area of focus to give the preference for cross-border road trade, instead of sea or air is that cross-border road transport is preferred more by Myanmar business owners when dealing with countries, such as China and Thailand. Myanmar has been China’s largest trade partner on a consistent basis.
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Insights on Freight Forwarding
Truly international freight forwarding has not been a pressing need, given the mix of local and international players that have been present in Myanmar’s business sector. Some of the countries that Myanmar trades the most with, are directly connected with it by land; China is an example of this. Because the production corridor in Myanmar is fixed along the Yangon Mandalay route, with some offshoots along the Ayerawaddy River – remaining international trade with other countries, except China, Thailand, and Singapore, is very small. This composition of the market is expected to change, as more ground-level changes take place, concerning infrastructure, investment laws, continuing FDI and overall economic growth leading to high consumption, and hence, demand for import-driven freight forwarding service.
Insights on Warehousing
The concept of a formal warehousing sector has been absent in Myanmar all these years. In a formal economy that has a total annual size of USD 60-70 billion, the average per company wealth is less, there are lesser, larger, and prominent businesses, hence, the level of sophistication in the warehousing sector would be definitely low. Key signals to track for better understanding of warehousing requirements are the development in the retail sector in Myanmar, along with the tracking of e-commerce sector growth as fulfilment of e-commerce orders on demand will require that participating companies to be able to efficiently manage a sizeable warehouse, so that fast moving inventory does not go out of stock and out of geographical reach. E-commerce is a very competitive business, though very nascent in Myanmar. Key regions to operate within the warehousing industry in Myanmar are Yangon, the Ayerawaddy area up from Bhago to Mandaay, (for better management, movement of goods and connectivity), the Ruili-Muse border region with China (where the contract manufacturing industry for garments, footwear, and wood products industry (catering to Chinese, Asian and global manufacturer needs), Dawei, and Kyaukphyu region, among others.
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Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Freight & Logistics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2020 and forecasts until 2023 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, Freight & Logistics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Freight & Logistics industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization of the Report: The report can be further customized according to the clients specific research requirements. No additional charges will be added for limited additional research.
Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Myanmar and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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