Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Singapore Logistics Market Reaches New Heights: $325 Billion Boom by 2027 Driven by Innovation & Connectivity: Ken Research

This image opens in the lightbox

News provided by

Ken Research

14 Feb, 2024, 15:05 GMT

Share this article

Share toX

Share this article

Share toX

GURUGRAM, India, Feb. 14, 2024 /PRNewswire/ -- Buckle up, logistics enthusiasts! Singapore's vibrant logistics market is poised for another impressive leap, fueled by its strategic location, robust infrastructure, and a commitment to innovation. Ken Research's "Singapore Logistics Market Outlook to 2027" report predicts a remarkable 6.5% CAGR, translating to a staggering $325 billion market size by 2027. This press release unlocks the key drivers, challenges, and exciting prospects shaping this dynamic sector. 

Market Overview: A Hub of Connectivity, Powering Global Trade 

Beyond facilitating the movement of goods, Singapore's logistics market acts as a vital cog in the global trade ecosystem, supporting economic growth and regional development. In 2022, the market reached a size of $202 billion, and it's on track for continued expansion, driven by: 

  • Strategic Location: As a global trade hub, Singapore enjoys unmatched connectivity to major Asian markets and beyond, attracting international businesses and logistics players. 
  • Robust Infrastructure: World-class port facilities, efficient transportation networks, and advanced IT infrastructure create a seamless environment for logistics operations. 
  • Focus on Innovation: Singapore actively promotes innovation in areas like automation, artificial intelligence, and blockchain, enhancing efficiency and transparency. 
  • Government Support: Proactive government policies and initiatives, like the Singapore Green Plan 2030, foster a supportive environment for the sector. 

Interested to Know More about this Report, Request a Free Sample Report

Market Segmentation: Diverse Needs, Specialized Solutions 

The report delves into the diverse segments of the Singapore logistics market, offering a comprehensive view: 

  • Transportation: Sea freight dominates (60%), followed by air cargo (25%) and road transportation (15%). Multimodal solutions are gaining traction. 
  • Logistics Services: Third-party logistics (3PL) providers hold the largest share (70%), followed by warehousing and storage (20%) and freight forwarding (10%). 
  • End-User Industry: Electronics & semiconductors lead the demand (30%), followed by chemicals & pharmaceuticals (25%) and e-commerce (20%). Healthcare and oil & gas are emerging segments. 

Competitive Landscape: Global Giants & Local Champions Collaborate 

The market features a blend of established global players, regional leaders, and innovative startups: 

  • Global Leaders: DP World, DHL, and FedEx hold significant market share with their extensive networks and global reach. 
  • Regional Champions: PSA International, CWT Logistics, and APL Logistics excel in Southeast Asia and offer specialized solutions. 
  • Emerging Innovators: Local startups like Trade Lens and Ninja Van leverage technology and niche offerings like express delivery and on-demand warehousing. 

Visit this Link :- Request for custom report

Challenges: Navigating the Roadblocks to Growth 

Despite the promising outlook, some challenges need to be addressed: 

  • Skilled Workforce Shortage: Attracting and retaining qualified personnel across all levels of the logistics value chain remains a challenge. 
  • Cybersecurity Threats: Increasing reliance on technology necessitates robust cybersecurity measures to protect sensitive data and operations. 
  • Rising Costs: Land scarcity and competition for resources can contribute to rising operational costs for logistics players. 
  • Sustainable Practices: Balancing growth with environmental responsibility requires wider adoption of green logistics solutions. 

Future Outlook: A Brighter Horizon Fueled by Collaboration & Sustainability 

The Singapore logistics market is poised for continued growth, driven by several exciting factors: 

  • Technological Advancements: Continued investments in AI, automation, and blockchain will further enhance efficiency, optimize resource utilization, and personalize customer experiences. 
  • Focus on Sustainability: Green logistics initiatives, including eco-friendly packaging and electric vehicles, will gain traction, attracting environmentally conscious clients and investors. 
  • Collaboration & Partnerships: Strategic partnerships between established players, startups, and government agencies will foster innovation and address industry challenges. 
  • Growing Regional Demand: Increasing trade within Southeast Asia and beyond creates new opportunities for Singapore's logistics sector. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the Singapore logistics market, including: 

  • Logistics Companies: Identifying high-growth segments, adopting innovative technologies, offering value-added services, and prioritizing sustainable practices. 
  • Investors: Understanding market trends, assessing investment opportunities in promising segments like e-commerce logistics and technology startups. 
  • Policymakers: Formulating policies that promote skilled workforce development, address cybersecurity threats, and encourage sustainable practices. 
  • Clients & Consumers: Gaining insights into the diverse range of logistics services available, choosing the right providers based on their needs, and benefiting from improved efficiency and affordability. 

Conclusion: Building a Resilient and Sustainable Logistics Ecosystem 

Singapore's logistics market stands poised for a remarkable journey, fueled by its strategic location, robust infrastructure, and unwavering commitment to innovation. By embracing technological advancements, fostering collaboration between stakeholders, and prioritizing sustainable practices, the sector can navigate existing challenges and unlock its full potential. This will not only benefit businesses and investors but also empower communities across the region, ensuring seamless access to goods and services while minimizing environmental impact. Ultimately, navigating these opportunities and overcoming challenges will determine whether Singapore's logistics sector can further solidify its position as a global leader, shaping a vibrant and resilient ecosystem for the future.

Request free 30 minutes analyst call

Taxonomy

Singapore Logistics Market Segmentation

By Service Mix

Freight Forwarding

Warehousing

Courier, Express Parcel Market

Cold Chain

Singapore Freight Forwarding Market Segmentation

By Mode of Transport

Sea

Road

Air

Rail

By type of Freight End Users

 Retail

Automobile

Pharma

Others

Singapore Warehouse Market Segmentation

By Business Model

Industrial/Retail Warehouses

CFS/ICD Warehouses

Cold Storage

Agriculture and Other Warehouses

By End-Users

Retail including Garments, Cosmetics

Automotive & Engineering

E- Commerce

Pharma/ Healthcare

Others

Singapore CEP Market Segmentation

By Domestic/ International Shipments

Domestic Shipment

International Shipment

By End-Users

E-Commerce

Retail

Others

Singapore Cold Chain Market Segmentation

Cold Chain

Cold Storage

Cold Transport

For More Insights On Market Intelligence, Refer To The Link Below: –

Singapore Logistics Industry

Related Reports by Ken Research: –

Vietnam Logistics Market Outlook to 2027 Driven by Infrastructural and Government Investments Coupled with the Growth of E-Commerce Sector in Vietnam

Market Size of Vietnam Logistics is expected to show increasing trend from 2022 to 2027. This is owing to rising economy, adoption of e-commerce, China plus one strategy and initiatives by the government. Also, development of roads across Vietnam for better connectivity under Vision 2030 is expected to add to the efficiency of logistic related operations.

Indonesia Logistics Market Outlook to 2027 driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.

According to Ken Research estimates, the Market Size of Indonesia Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2027 at CAGR of 10%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.

KSA Logistics Market Outlook to 2026 driven by infrastructural enhancement, administration & regulatory reforms, privatization of logistics sector

According to Ken Research estimates, the Market Size of KSA Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2026 at CAGR of 5.7%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.