Singapore Freight and Logistics Market Trends, Share, Size, Revenue, Demand and Future Outlook
Singapore Freight and Logistics Market Growth, Size, Trends Analysis- By Shipping Type, By Services, By End Use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: AMIN24222 | Pages: 1 - 107 | Formats*: |
| Category : Automotive & Transportation | |||
Singapore Freight and Logistics Market Introduction and Overview
According to SPER Market Research, the Singapore Freight and Logistics Market is estimated to reach USD 108.71 billion by 2033 with a CAGR of 4.21%.
The report includes an in-depth analysis of the Singapore Freight and Logistics Market, including market size and trends, product mix, applications, and supplier analysis. Overseeing and managing an economical operation and delivery of products is the process of freight management. For carriers and shippers to coordinate smoothly, freight management integrates human resources, expertise, and experience in logistics. "Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory control, supply/demand planning, and management of third-party logistics service providers are typical activities associated with logistics management.
- March 2021 - Collins Aerospace in Singapore awarded a two-year in-factory logistics support contract to the global logistics and supply chain company CEVA Logistics.
- March 2021 - Braskem partnered with the logistics firm A.P. Moller - Maersk and port operator PSA Corp. to open a new logistics hub in Singapore as it seeks to manage its polymers supply for the region better.
Market Opportunities and Challenges
Opportunities- Due to a strong development engine in the form of digitization and an increase in e-commerce, the freight and logistics market in Singapore has experienced an exceptional growth trajectory in recent years. There is a great need for effective and smooth freight and logistics services in Singapore due to the growing popularity of online shopping and cross-border trade. By improving supply chain visibility, streamlining processes, and cutting costs, the sector has completely changed as a result of the widespread use of cutting-edge technologies like blockchain, artificial intelligence, and the Internet of Things (IoT). Singapore's position as a major participant in the global freight and logistics market is further reinforced by its advantageous location as a regional hub, strong infrastructure, and a business-friendly atmosphere.
Challenges- There are a number of growing constraints that provide serious difficulties in the changing freight and logistics business in Singapore. As the need for smooth connectivity and effective transportation networks grows, the first barrier is the changing infrastructure. The potential for expansion in the industry is hampered by inadequate infrastructure renovations and traffic problems at ports and airports. A lack of skilled workers and growing labor expenses are two other labor-related issues that add to the limitations. To sustain the expansion and competitiveness of the Singapore freight and logistics market, these constraints call for smart investments in infrastructure development, automation, and talent acquisition in addition to efficient government regulations and partnerships with industry stakeholders.
Market Competitive Landscape
Along with a comparative assessment based on their product offerings, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis, the report provides the necessary analysis of the major organizations/companies operating in the Singapore freight and logistics market. Leading companies in the industry are A.P. Moller – Maersk, C.H Robinson, CMA CGM, DB Schenker, Deutsche Post DHL Group, DP World, DSV, FedEx, GEODIS, Kerry Logistics, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Shipping Type, By Services, By End Use Industry |
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region |
| Companies Covered | A.P. Moller – Maersk, C.H Robinson, CMA CGM, DB Schenker, Deutsche Post DHL Group, DP World, DSV, FedEx, GEODIS, Kerry Logistics. |
COVID-19 Impact on Singapore Freight and logistics Market
The Singaporean logistics and freight business was greatly impacted by the COVID-19 outbreak. Travel and mobility restrictions, as well as disruptions in international trade, presented difficulties for the sector. Logistics companies suffered financial losses as a result of lower freight volumes and industrial activity in response to the decline in demand. Transportation delays and manpower shortages were two more supply chain interruptions that had an impact on logistical operations. The industry has to adopt digital solutions, prioritize the transportation of important items, and quickly adjust to strict health and safety regulations.
Key Target Audience
- E-commerce Companies
- Manufacturers
- Pharmaceutical Companies
- Retailers
- Importers and Exporters
- 3PL Providers
- Automotive Industry
- Food and Beverage Companies
- Construction Firms
- Technology Firms
Our in-depth analysis of the Singapore Freight and Logistics Market includes the following segments:
| By Shipping Type: | |
| By Services: | |
| By End Use Industry: |
Key Topics Covered in the Report
- Singapore Freight and Logistics Market Size (FY’2024-FY’2033)
- Overview of Singapore Freight and Logistics Market
- Segmentation of Singapore Freight and Logistics Market by Shipping Type (Roadways, Railways, Waterways, Airways)
- Segmentation of Singapore Freight and Logistics Market by Services (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom Clearance)
- Segmentation of Singapore Freight and Logistics Market by End Use Industry (Agriculture, Fishing & Forestry, Construction, Manufacturing, Oil & Gas, Mining & Quarrying, Wholesale & Retail Trade)
- Statistical Snap of Singapore Freight and Logistics Market
- Expansion Analysis of Singapore Freight and Logistics Market
- Problems and Obstacles in Singapore Freight and Logistics Market
- Competitive Landscape in the Singapore Freight and Logistics Market
- Impact of COVID-19 and Demonetization on Singapore Freight and Logistics Market
- Details on Current Investment in Singapore Freight and Logistics Market
- Competitive Analysis of Singapore Freight and Logistics Market
- Prominent Players in the Singapore Freight and Logistics Market
- SWOT Analysis of Singapore Freight and Logistics Market
- Singapore Freight and Logistics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Singapore Freight and Logistics Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Singapore Freight and Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Freight and Logistics Market
7. Singapore Freight and Logistics Market, By Shipping Type (USD Million) 2020-2033
7.1. Singapore Freight and Logistics Market Size, Share and Forecast, By Shipping Type, 2020-20267.2. Singapore Freight and Logistics Market Size, Share and Forecast, By Shipping Type, 2027-20337.3. Roadways7.4. Railways7.5. Waterways7.6. Airways
8. Singapore Freight and Logistics Market, By Services (USD Million) 2020-2033
8.1. Singapore Freight and Logistics Market Size, Share and Forecast, By Services, 2020-20268.2. Singapore Freight and Logistics Market Size, Share and Forecast, By Services, 2027-20338.3. Inventory Management8.4. Packaging8.5. Warehousing8.6. Transportation8.7. Distribution8.8. Custom Clearance
9. Singapore Freight and Logistics Market, By End Use Industry (USD Million) 2020-2033
9.1. Singapore Freight and Logistics Market Size, Share and Forecast, By End Use Industry, 2020-20269.2. Singapore Freight and Logistics Market Size, Share and Forecast, By End Use Industry, 2027-20333.3. Agriculture3.4. Fishing & Forestry3.5. Construction3.6. Manufacturing3.7. Oil & Gas3.8. Mining & Quarrying3.9. Wholesale & Retail Trade
10. Singapore Freight and Logistics Market Forecast, 2020-2033 (USD Million)
10.1. Singapore Freight and Logistics Market Size and Market Share
11. Singapore Freight and Logistics Market, By Region, 2020-2033 (USD Million)
11.1. Singapore Freight and Logistics Market Size and Market Share By Region (2020-2026)11.2. Singapore Freight and Logistics Market Size and Market Share By Region (2027-2033)11.3. Eastern Region,11.4. Southern Region,11.5. Western Region,11.6. Northern Region
12. Company Profile
12.1. A.P. Moller – Maersk
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. C.H Robinson
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. CMA CGM
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. DB Schenker
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Deutsche Post DHL Group
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. DP World
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. DSV
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. FedEx
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. GEODIS
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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Singapore Freight and logistics Market size is USD 108.71 billion from 2024 to 2033.
Singapore Freight and logistics Market Segment is covered By Shipping Type, By Services, By End Use Industry.
The Asia-Pacific is anticipated to have the highest Market share in the Singapore Freight and logistics Market.
The key players in the Market include Companies Covered A.P. Moller – Maersk, C.H Robinson, CMA CGM, DB Schenker, Deutsche Post DHL Group, DP World, DSV, FedEx, GEODIS, Kerry Logistics.
There is a great need for effective and smooth freight and logistics services in Singapore due to the growing popularity of online shopping and cross-border trade.
Singapore Freight and logistics Market is projected to reach USD 108.71 billion by 2033, growing at a CAGR of 4.21% during the forecast period.
Singapore Freight and logistics Market CAGR of 4.21% during the forecast period.
Singapore Freight and logistics Market grew in Market size from 2022. The Market is expected to reach USD 108.71 billion by 2033, at a CAGR of 4.21% during the forecast period.
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