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Singapore Logistics Market Size, Growth, Outlook, Report: By Model Type: 1 PL, 2 PL, 3 PL, Others; By Transportation Mode: Roadways, Seaways, Railways, Airways; By End User: Manufacturing, Consumer Goods and Retail, Food and Beverages, IT Hardware and Telecom, Healthcare, Chemicals, Others; Competitive Landscape; 2024-2032
Singapore Logistics Market Size
The Singapore logistics market reached around USD 33.65 billion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching almost USD 53.10 billion by 2032.
| Singapore Logistics Market Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 33.65 |
| Market Size 2032 | USD Billion | 53.10 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.2% |
| CAGR 2024-2032 - Market by Model Type | 2 PL | 5.1% |
| CAGR 2024-2032 - Market by Model Type | 1 PL | 4.4% |
| CAGR 2024-2032 - Market by Transportation Mode | Roadways | 5.7% |
| CAGR 2024-2032 - Market by End User | Healthcare | 6.3% |
| 2023 Market Share by Model Type | 3 PL | 13.2% |
Singapore Logistics Market Outlook
- Singapore was ranked as a global logistics hub by the World Bank in its Logistics Performance Index 2023.
- The customs authority of Singapore processes nearly 99% of all applications for electronics permits within ten minutes.
- The anticipated growth of the automotive sector is further expected to drive the market growth over the forecast period.
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.
Singapore Logistics Industry Segmentation
Singapore Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Model Type |
| 2 PL | 5.1% |
| 1 PL | 4.4% |
| 3 PL | XX% |
| Others | XX% |
Market Breakup by Model Type
- 1 PL
- 2 PL
- 3 PL
- Others
| CAGR 2024-2032 - Market by | Transportation Mode |
| Roadways | 5.7% |
| Seaways | 4.6% |
| Railways | XX% |
| Airways | XX% |
Market Breakup by Transportation Mode
- Roadways
- Seaways
- Railways
- Airways
| CAGR 2024-2032 - Market by | End User |
| Healthcare | 6.3% |
| Food and Beverages | 5.6% |
| Manufacturing | 4.4% |
| Consumer Goods and Retail | XX% |
| IT Hardware and Telecom | XX% |
| Others | XX% |
Market Breakup by End User
- Manufacturing
- Consumer Goods and Retail
- Food and Beverages
- IT Hardware and Telecom
- Healthcare
- Chemicals
- Construction
- Automotive
- Oil and Gas
- Others
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 2024-2032, 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.
| 2023 Market Share by | Model Type |
| 1 PL | XX% |
| 2 PL | XX% |
| 3 PL | 13.2% |
| Others | XX% |
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
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Model Type |
|
| Breakup by Transportation Mode |
|
| Breakup by End User |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Logistics Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Logistics Historical Market (2018-2023)
8.3 Asia Pacific Logistics Market Forecast (2024-2032)
9 Singapore Logistics Market Overview
9.1 Key Industry Highlights
9.2 Singapore Logistics Historical Market (2018-2023)
9.3 Singapore Logistics Market Forecast (2024-2032)
10 Singapore Logistics Market by Model Type
10.1 1 PL
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 2 PL
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 3 PL
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Singapore Logistics Market by Transportation Mode
11.1 Roadways
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Seaways
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Railways
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Airways
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Singapore Logistics Market by End User
12.1 Manufacturing
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Consumer Goods and Retail
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Food and Beverages
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 IT Hardware and Telecom
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Healthcare
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Chemicals
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Construction
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Automotive
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
12.9 Oil and Gas
12.9.1 Historical Trend (2018-2023)
12.9.2 Forecast Trend (2024-2032)
12.10 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 FedEx Corp.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 United Parcel Service, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Schenker AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 C.H. Robinson Worldwide Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Deutsche Post AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 DSV A/S
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 CMA CGM Group (CEVA Logistics SA)
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Singapore Post Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Kuehne + Nagel International
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Nippon Express Co., Ltd.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Yusen Logistics Co., Ltd.
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Kintetsu World Express Inc.
14.2.12.1 Company Overview
14.2.12.2 Product Portfolio
14.2.12.3 Demographic Reach and Achievements
14.2.12.4 Certifications
14.2.13 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Logistics Market: Key Industry Highlights, 2018 and 2032
2. Singapore Logistics Market: Key Industry Highlights, 2018 and 2032
3. Singapore Logistics Historical Market: Breakup by Model Type (USD Billion), 2018-2023
4. Singapore Logistics Market Forecast: Breakup by Model Type (USD Billion), 2024-2032
5. Singapore Logistics Historical Market: Breakup by Transportation Mode (USD Billion), 2018-2023
6. Singapore Logistics Market Forecast: Breakup by Transportation Mode (USD Billion), 2024-2032
7. Singapore Logistics Historical Market: Breakup by End User (USD Billion), 2018-2023
8. Singapore Logistics Market Forecast: Breakup by End User (USD Billion), 2024-2032
9. Singapore Logistics Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 33.65 billion in 2023.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 53.10 billion in 2032.
The different market segments based on model type include 1PL, 2 PL, and 3PL, among others.
The different modes of transportation in the market are roadways, seaways, railways, and airways.
The different end users of logistics include manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others.
The key market players are 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., and Kintetsu World Express Inc., among others.
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