Singapore Logistics Market Report and Forecast 2025-2034

Singapore Logistics Market Growth

Singapore is expected to enhance the capacity of Tuas port by 15 million TEUs (Twenty Foot Equivalent Units) and transform it into the world’s largest container terminal which will be fully automated by 2040.

In 2022, the Singapore government announced the development of Changi Airport’s fifth terminal, spanning an area of 1080 hectares. This can increase the airport’s annual handling capacity to 4.5 million tons by 2050. The new development is expected to comprise a three-runway system and large cargo facilities at CEIZ (Changi East Industrial Zone). Presently, the airport occupies an area worth 1300 hectares, with annual passenger footfall of 85 million and comprising 6 airfreight terminals.

With the objective of strengthening the resilience of crucial transportation firms operating on land, air, and sea, the Parliament of Singapore passed the Transport Firms (Critical Sectors) Bill into an Act in April 2024. The bill seeks to make changes to the BSI Act 2015, CAAS Act 2015, the PAS Act 2015, and the RTS Act 1995. Consequently, this can lead to the rise of designated operating entities or designated equity interest holders in the country, whereby the management appointments and company ownership of these entities can come under the authority/approval of relevant statutory bodies and government agencies of Singapore. This is expected to strengthen the country’s transportation sector and drive the market growth in the coming years.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Singapore Logistics Industry Segmentation

Singapore Logistics Market Share

Based on end use, the market is divided into manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others. Over the forecast period of 2025-2034, the healthcare sector is projected to grow at a CAGR of 6.3% amid the growing focus on improved patient care and advancements in medical technology.

Leading Companies in the Singapore Logistics Market

Ongoing infrastructure development is expected to minimise lead times for various shipments.  Improvements in the quality of logistics services, including the ability to track and trace consignments, are further expected to drive the market growth in the coming years.

• FedEx Corp.

• United Parcel Service, Inc.

• Schenker AG

• C.H. Robinson Worldwide Inc.

• Deutsche Post AG

• DSV A/S

• CMA CGM Group (CEVA Logistics SA)

• Singapore Post Limited

• Kuehne + Nagel International AG

• Nippon Express Co., Ltd.

• Yusen Logistics Co., Ltd.

• Kintetsu World Express Inc.

• Others