Reports
Sale
Singapore Third-Party Logistics (3PL) Market Size, Share: By Service: Dedicated Contract Carriage (DCC), Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing and Distribution, Value Added Logistic Services (VALs); By Transport; By End Use; Competitive Landscape; 2024-2032
Singapore Third-Party Logistics (3PL) Market Outlook
The Singapore third-party logistics (3PL) market size reached approximately USD 2.7 billion in 2023. The market is projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of around USD 4.8 billion by 2032.
Key Takeaways
- Singapore has the presence of 3.51 million e-commerce users.
- Singapore logistics chain node is connected to more than 600 ports worldwide, representing a high frequency supply chain.
- As of Q1/2022, Singapore had the presence of 121.5 million sq ft of warehouse space in the country, of which 97% was held by the private sector and 3% by the public sector.
Singapore’s strategic location as a central trading hub, presence of state-of-the-art infrastructure, and business-friendly environment are transforming the country into a robust logistics market. Moreover, the country’s third-party logistics (3PL) providers are playing a key role in supporting its reputation as a regional business hub. The presence of a tech-savvy population, with a high penetration of the internet of over 95%, and an increasing young demographic is contributing to the expansion of the e-commerce sector. This is further leading to the Singapore third-party logistics (3PL) market expansion, as e-commerce companies outsource their logistics operations to 3PL providers.
Singapore is witnessing an increasing volume of cross-border trade, creating opportunities for 3PL companies to provide value-added services such as customs clearance and freight forwarding. From January to March 2024, Singapore Changi Airport registered 475,000 tonne airfreight throughput stating an increase of 14% as compared to the same period in 2023. Air freight provides the quickest shipping times, with efficient safety and security, thereby increasing its adoption.
It is estimated that by 2028, the online retail share will grow to 25.6%, as Singaporean customers are increasingly turning towards online channels for shopping purposes. The significant shift in consumer behaviour is pushing businesses to adopt a robust e-commerce strategy, further contributing to the Singapore third-party logistics (3PL) market growth.
Market Segmentation
Singapore Third-Party Logistics (3PL) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
- Dedicated Contract Carriage (DCC)
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing and Distribution
- Value Added Logistic Services (VALs)
Market Breakup by Transport
- Railways
- Roadways
- Waterways
- Airways
Market Breakup by End Use
- Retail
- Healthcare
- Manufacturing
- Automotive
- Others
Competitive Landscape
Major 3PL companies in the country are offering a variety of services with advanced technologies, ensuring efficient and reliable operation
- CWT Pte. Limited
- Singapore Post Ltd.
- Schenker AG
- Kuehne + Nagel International AG
- Deutsche Post AG (DHL)
- YCH Group Pte. Ltd.
- CEVA Logistics S.A
- Nippon Express Holdings Inc
- Toll Holdings Limited
- GEODIS S.A. (Keppel Logistics)
- 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 Service |
|
| Breakup by Transport |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Third-Party Logistics (3PL) Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Third-Party Logistics (3PL) Historical Market (2018-2023)
8.3 Asia Pacific Third-Party Logistics (3PL) Market Forecast (2024-2032)
9 Singapore Third-Party Logistics (3PL) Market Overview
9.1 Key Industry Highlights
9.2 Singapore Third-Party Logistics (3PL) Historical Market (2018-2023)
9.3 Singapore Third-Party Logistics (3PL) Market Forecast (2024-2032)
10 Singapore Third-Party Logistics (3PL) Market by Service
10.1 Dedicated Contract Carriage (DCC)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Domestic Transportation Management (DTM)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 International Transportation Management (ITM)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Warehousing and Distribution
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Value Added Logistic Services (VALs)
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Singapore Third-Party Logistics (3PL) Market by Transport
11.1 Railways
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Roadways
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Waterways
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 Third-Party Logistics (3PL) Market by End Use
12.1 Retail
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Healthcare
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Manufacturing
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Automotive
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 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 of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 CWT Pte. Limited
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 Singapore Post Ltd.
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 Kuehne + Nagel International AG
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 (DHL)
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 YCH Group Pte. Ltd.
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 CEVA Logistics S.A.
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 Nippon Express Holdings Inc.
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 Toll Holdings Limited
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 GEODIS S.A. (Keppel Logistics)
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 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Third-Party Logistics (3PL) Market: Key Industry Highlights, 2018 and 2032
2. Singapore Third-Party Logistics (3PL) Market: Key Industry Highlights, 2018 and 2032
3. Singapore Third-Party Logistics (3PL) Historical Market: Breakup by Service (USD Billion), 2018-2023
4. Singapore Third-Party Logistics (3PL) Market Forecast: Breakup by Service (USD Billion), 2024-2032
5. Singapore Third-Party Logistics (3PL) Historical Market: Breakup by Transport (USD Billion), 2018-2023
6. Singapore Third-Party Logistics (3PL) Market Forecast: Breakup by Transport (USD Billion), 2024-2032
7. Singapore Third-Party Logistics (3PL) Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Singapore Third-Party Logistics (3PL) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Singapore Third-Party Logistics (3PL) Market Structure
Key Questions Answered in the Report
The market reached approximately USD 2.7 billion in 2023.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 4.8 billion by 2032.
The factors driving the market growth are increasing penetration of the internet, rising e-commerce, and rapid technological advancements, among others.
The major transportation methods include railways, roadways, waterways, and airways.
The major end uses are retail, healthcare, manufacturing, automotive, and others.
The various services include dedicated contract carriage (DCC), domestic transportation management (DTM), international transportation management (ITM), warehousing and distribution, and value added logistic services (VALs).
The major players in the market are CWT Pte. Limited, Singapore Post Ltd., Schenker AG, Kuehne + Nagel International AG, Deutsche Post AG (DHL), YCH Group Pte. Ltd, CEVA Logistics S.A, Nippon Express Holdings Inc, Toll Holdings Limited, and GEODIS S.A. (Keppel Logistics), among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER