ASEAN Freight and Logistics Market Size Likely to Expand at a CAGR of 6.28% By 2034

ASEAN Freight and Logistics Market size was valued at USD 258.9 Billion in 2025 and is expected to reach USD 476.6 Billion by 2034, at a CAGR of 6.28% during the forecast period 2025 – 2034.

ASEAN Freight and Logistics Market: Overview

The freight and logistics industry is booming in the ASEAN region. The ASEAN countries have signed free trade deals with other economies in the region.

Various factors such as growing investment by ASEAN economies in infrastructure development, increasing emphasis on supply chain visibility, growing investment in port expansion, road upgrades and maritime trades, and increasing trade and commerce activities in the ASEAN region are some of the boosting the market growth of the ASEAN freight and logistics market.

However, factors such as high initial investment in infrastructure development, lack of adequate infrastructure in some countries of the ASEAN, growing trade wars and increasing geopolitical conflicts are restraining the market growth.

The growing technological innovations in the freight and logistics industry and burgeoning E-commerce sector across the ASEAN countries are expected to create lucrative opportunities for the market during the forecast period.

The key players operating in the market are heavily investing in the integration of various emerging technologies such as Artificial Intelligence, Blockchain, GPS tracking, Freight ERP software and the Internet of Things to boost the optimization of freight logistics and enhance the speed of the logistics services.

The ASEAN Freight and Logistics market is segmented by shipping type, by service type, by end use industry and by country. By Shipping type, the Waterways segment dominated the global market and is expected to keep its dominance during the forecast period owing to the growing adoption of waterways transport by the end use industries.

Various factors such as growing investment in the maritime trade development by ASEAN countries, increasing bilateral and multilateral trade development, increasing investment in port development and supportive government policies are mainly driving the market growth of this segment during the forecast period.

By end use industry, the trade and transportation sector dominated the market in 2023 and is expected to keep its dominance during the forecast period. The rapidly expanding trade and transportation sector in the region coupled with increasing development of road and rail infrastructure are mainly boosting the market growth of this segment.

By Country, Indonesia dominated the ASEAN freight and logistics market in 2023 and is expected to keep its dominance during the forecast period.

The presence of a large number of islands and better rail and road connectivity are mainly boosting the market growth of this region. Furthermore, the burgeoning E-commerce sector coupled with increasing investment by global logistics companies in Indonesia is expected to create lucrative opportunities for the market during the forecast period.

Report Scope

CMI has comprehensively analyzed ASEAN Freight and Logistics Industry. The drivers, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the Freight and Logistics market. Segment wise market size and market share for Freight and Logistics during the forecast period are duly addressed to portray the probable picture of the ASEAN industry.

The competitive landscape includes Freight and Logistics market leaders as well as niche players. They are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the report covers Freight and Logistics key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

List of the prominent players in the ASEAN Freight and Logistics Market:

• Alps Logistics
• DB Schenker
• DHL Group
• DP World
• DSV A/S
• FedEx
• JWD InfoLogistics Public Company Limited
• Kuehne + Nagel
• NYK Line
• Tiong Nam Logistics Holdings BhD
• United Parcel Service of America Inc. (UPS)
• YCH Group
• Ceva Logistics
• Sino Trans
• Nippon Express
• Yusen Logistics
• Kerry Logistics
• Others

The ASEAN Freight and Logistics Market is segmented as follows:

By Shipping Type

• Airways
• Railways
• Roadways
• Waterways

By Service

• Inventory Management
• Packaging
• Warehousing
• Transportation
• Distribution
• Customs Clearance
• Other

By End-Use Industry

• Energy & Utilities
• Trade and Transportation
• Government and Public Utilities
• Healthcare
• Manufacturing & Construction
• Retail
• Media and Entertainment
• Banking and Financial Service
• Telecommunication & Information Technology
• Others