The Singapore Freight and Logistics Market Report is Segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Wholesale and Retail Trade, Oil and Gas, Mining and Quarrying, and Others), and by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage, and Other Services). The Market Forecasts are Provided in Terms of Value (USD).

The Singapore logistics sector supports the second-largest economy on the continent, and is relatively sophisticated. Local and international companies use Singapore as gateway for their operations into Africa.

The Singapore logistics market reached around USD 33.65 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching almost USD 55.87 Billion by 2034.

The Singapore Chemical Logistics Market Report is Segmented by Service (Transportation, Warehousing, Distribution & Inventory Management, and Other Services), End-User Industry (Pharmaceutical, Cosmetic, Oil & Gas, and More), Hazard Class (Hazardous Chemicals and Non-Hazardous Chemicals), Temperature Control (Temperature-Controlled and Non-Temperature-Controlled). The Market Forecasts are Provided in Terms of Value (USD Billion).

In 2023, the global logistics market was worth more than *** trillion U.S. dollars. North America was the second largest region in that year, accounting for approximately *** trillion U.S. dollars. Logistics in Asia-Pacific With roughly *** trillion U.S. dollars in size, the logistics market in the Asia-Pacific region is the largest one globally. The Asia-Pacific region has the most postal offices in the world as well. The leading position of the region in the logistics industry could be explained mostly because of the importance of the region in supplying most of the necessary trade goods globally. Since it was highly cost-effective for western companies to start moving the entire production of goods to less-developed countries in Asia, most of the companies today have their entire facilities performing from Asian countries. The expansion of trade routes and the shift of industrial production towards Asian countries contributed to the logistic market’s development immensely. Yet, when one looks at the distribution of leading logistics firms by the origin of the country, the leading firms are non-Asian headquartered. Besides, the Asia Pacific region has the world’s largest ports which grow at a continuous rate. PSA International, Hutchison Port Holdings, China Cosco Shipping and China Merchants Ports are four major marine terminal operators from the region. PSA International Singapore-based marine terminal operator, PSA International was founded in 1964 and improved its global reach strategically since then. For instance, PSA International was the leading marine terminal operator globally in 2019. During that period, the company handled some **** million twenty-foot equivalent units (TEUs) during that period. The marine operator experienced a slump in its assets between 2009 and 2015. Yet, since 2016, the company recovered its level of assets held and by 2020 reaching its peak value of over **** billion Singapore dollars. On the other hand, the revenue generated by PSA International has not recovered its peak value from 2011. Between 2009 and 2020 fiscal years, PSA International’s revenue fluctuated around **** billion Singapore dollars, generating just over *** billion Singapore dollars in the fiscal year of 2020.

The Singapore freight and logistics market was USD 1.13 Billion in 2022 and is likely to reach USD 1.99 Billion by 2031, expanding at a CAGR of 6.5% during 2023-2031. Freight refers to any form of things, goods, or commodities that are transported in bulk by surface, air, or ocean/sea transit. The management and oversight of cost-effective operations and the transportation of products are referred to as freight logistics.



The total process of managing how resources are stored, bought, and transported to their eventual destination is referred to as logistics. It integrates human resources, logistical expertise, and knowledge to ensure that items are transported smoothly between shippers and carriers. Logistics is commonly defined as the process of transferring and arranging resources such as food, equipment, inventories, liquids, people, and materials from one area to the intended destination's storage. It is the proper management of the flow of commodities from one place of origin to another in order to suit the needs of customers.

Freight and Logistics Market Trends, Drivers, Restraints, and Opportunities

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  Growing global trade activities and increasing investment for establishment of industries in the country are expected to boost the market expansion.

  
  


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  Expansion of trade agreements as along with technology improvements and logistics infrastructure in the freight and logistics market for supply chain and fast delivery are major growth drivers of the market.

  
  


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  Singapore has dense road and marine networks for multimodal transport of goods, with a seamless intermodal connection between one of the world's busiest seaports and airports are fuelling growth of the market.

  
  


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  Rising e-commerce business as well as an increasing <

The Singapore freight and logistics market, valued at $67.22 million in 2025, is projected to experience robust growth, driven by the nation's strategic location as a major Asian hub and its thriving e-commerce sector. A compound annual growth rate (CAGR) of 4.00% from 2025 to 2033 indicates a steady expansion, fueled by increasing international trade, the rise of supply chain digitalization, and government initiatives promoting logistics efficiency. Key segments like freight transport (particularly road and sea freight given Singapore's port infrastructure), warehousing and storage, and value-added services are expected to contribute significantly to this growth. The strong manufacturing and automotive sectors, along with the burgeoning e-commerce landscape, are major end-user drivers. While challenges like fluctuating fuel prices and global economic uncertainty may present headwinds, the market's resilience is underpinned by Singapore's commitment to infrastructure development and its strategic partnerships within the regional and global supply chain networks. The competitive landscape is marked by the presence of both global giants like UPS, DHL, and FedEx, and established local players like ACW Logistics and Keppel Logistics. These companies are continually investing in technology and infrastructure upgrades to enhance efficiency, improve service offerings, and meet the evolving demands of clients. The market's future growth will likely be shaped by increased adoption of automation and AI in logistics operations, the expansion of sustainable and green logistics practices, and the ongoing development of smart ports and logistics infrastructure within Singapore. This signifies a dynamic market poised for continued expansion, attracting both domestic and international investment in the coming years. Recent developments include: May 2023: Nippon Express has announced its acquisition of Austrian full-range logistics provider, cargo-partner, making it a subsidiary of the Japanese global logistics services company. The deal was signed on May 12, 2023, and will come into effect subject to the usual regulatory (anti-trust and FDI) approvals in an estimated four to seven months along with the subsequent closing., April 2023: DHL Express has partnered Pick Network, a nationwide parcel locker network by the Infocomm Media Development Authority of Singapore, to tap into its full locker network in Singapore. This will enable DHL customers to collect their parcels from another 1,008 lockers near their homes, on top of the existing four DHL Express service centers and over 450 service points across the island.. Key drivers for this market are: Growing global trade activities, Infrastructure Development is on rise. Potential restraints include: Growing global trade activities, Infrastructure Development is on rise. Notable trends are: Growing E-commerce in Singapore.

The Singapore Third-Party Logistics (3PL) Market Report is Segmented by Service (Domestic Transportation Management, International Transportation Management, and More), by End User (Automotive, Energy & Utilities, Manufacturing, Life Sciences & Healthcare, Technology & Electronics, E-Commerce, and More), and by Logistics Model (Asset-Light, Asset-Heavy, Hybrid). The Market Forecasts are Provided in Terms of Value (USD).

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Singapore 3PL Market Size 2024-2028

The Singapore 3PL market size is forecast to increase by USD 1.62 billion at a CAGR of 6.78% between 2023 and 2028. In Singapore's 3PL market, international deliveries continue to rise due to the increasing number of e-commerce companies setting up shop in the region. To manage this growth, many businesses are establishing in-house logistics teams and investing in advanced logistics software for freight-management and shipment management. The use of technology, such as logistics software and government systems, is essential for monitoring the delivery process and ensuring last-mile connectivity. Additionally, the collaboration between shipowners, cargo agents, freight forwarders, and other stakeholders plays a crucial role in the efficient movement of goods. However, the high operational costs associated with running a 3PL business can be a significant challenge.

What will the size of the market be during the forecast period?

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The market has been a crucial component of the country's economic strength, playing a significant role in supporting businesses in managing their core operations more effectively. This market caters to various industries, including but not limited to, e-commerce, trading activities, and international deliveries. The 3PL industry in Singapore offers a range of services, including inventory management, logistics and distribution, cross-docking, and customer experience management. These services enable businesses to focus on their core competencies while outsourcing the complexities of managing their supply chain.

Furthermore, scalability is a key benefit of engaging a 3PL provider in Singapore. Businesses can leverage the provider's resources and expertise to expand their operations without the need for significant capital investments in infrastructure and technology. Additionally, 3PLs offer risk mitigation solutions, ensuring businesses are protected against unforeseen events that could impact their supply chain. The market is known for its asset utilization and asset sharing alliances. These collaborations allow businesses to optimize their transportation modes and service types, leading to cost savings and improved efficiency. Dedicated contract carriage is also an option for businesses seeking a more customized logistics solution.

Moreover, Singapore's strategic location as a global trading hub and its advanced infrastructure make it an attractive destination for businesses looking to penetrate the overseas market. The national logistics portal facilitates seamless communication and coordination between stakeholders, ensuring a long-term partnership that benefits all parties involved. Parts distribution is another area where 3PLs in Singapore excel. By providing efficient and reliable distribution services, businesses can reduce their inventory holding costs and improve their overall supply chain performance. The economic strength of Singapore, coupled with its strong business environment, makes it an ideal location for businesses looking to establish a presence in the Asia Pacific region.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Service

  Transportation
  Warehousing and distribution
  Value-added services


End-user

  Manufacturing
  Automotive
  Consumer goods
  Food and beverage
  Others


Geography

  Singapore

By Service Insights

The Transportation segment is estimated to witness significant growth during the forecast period. In Singapore's 3PL market, businesses outsource their transportation needs to specialized providers due to the significant investment and expertise required. This sector encompasses various modes, such as road, rail, air, and sea. Outsourcing freight delivery enables companies to gain a competitive edge, as 3PL suppliers ensure efficient and timely shipments. The 3PL industry offers a range of services, including freight forwarding, project logistics, network design, cargo insurance, optimization, and customs brokerage. With technological advancements, the transportation segment of the market continues to evolve. International deliveries are facilitated through advanced logistics software, enabling real-time shipment management and delivery process monitoring. Last-mile connectivity solutions streamline the final leg of the delivery process.

Furthermore, government systems collaborate with 3PLs, freight-management companies, shipowners, cargo agents, and freight forwarders to ensure seamless cross-border trade. Overall, the market plays a crucial role in the efficient and effective movement of goods, enabling businesses to focus on their core competencies.

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The Singapore third-party logistics (3PL) market size reached approximately USD 2.70 Billion in 2024. The market is projected to grow at a CAGR of 6.40% between 2025 and 2034, reaching a value of around USD 5.02 Billion by 2034.

Singapore E-Commerce Logistics market is expected to register a positive CAGR during 2021-2026F owing to an increase in the competition and customer expectations.

The report includes the future outlook and projection of the Singapore logistics & warehousing market, freight forwarding market, cold chain market, warehousing market, 3 PL market and express logistics market.

The ASEAN Warehousing and Distribution Logistics Market Report is Segmented by Warehouse Type (General Warehousing and Storage, Refrigerated Warehousing and Storage), Ownership (Private Warehouses, Public Warehouses), End-User Industry (E-Commerce & Retail, Food & Beverage, Pharma & Healthcare, and More), and Geography (Singapore, Thailand, Malaysia, Indonesia, and More). The Market Forecasts are Provided in Terms of Value (USD).

Market Size, Revenue, Share, Major Players, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024

The ASEAN E-Commerce Logistics Market Report is Segmented by Service (Transportation, Warehousing & Fulfilment, and More), Business Model (B2C, B2B, C2C), Destination (Domestic, Cross-Border), Delivery Speed (Same-Day, and More), Product Category (Foods & Beverages, and More), and Geography (Indonesia, Thailand, Vietnam, Philippines, Malaysia, Singapore, Rest of ASEAN). The Market Forecasts are Provided in Terms of Value (USD).

In 2023, the gross domestic product (GDP) of the transportation and storage industry in Singapore amounted to approximately **** billion Singapore dollars. This was a marked decrease from the previous year. This sector had been impacted by the COVID-19 pandemic, during which movement restrictions were put in place to control the spread of the virus in 2020.

The ASEAN Chemical Logistics Market report segments the industry into By Service (Transportation, Warehousing, Distribution, and Inventory Management, Others), By Mode of Transportation (Roadways, Railways, Airways, Waterways, and more.), By End User (Pharmaceutical Industry, Specialty Chemical Industry, Oil and Gas Industry, and more.), and By Geography (Singapore, Thailand, Malaysia, Vietnam, and more.).

The Singapore Customs Brokerage industry, exhibiting a robust CAGR exceeding 6.00%, presents a lucrative market opportunity. Driven by Singapore's strategic location as a major global trade hub and its commitment to facilitating seamless cross-border commerce, the industry is experiencing significant growth. The increasing volume of international trade, coupled with the complexity of customs regulations and the rising demand for efficient logistics solutions, fuels this expansion. Key market segments include sea, air, and cross-border land transport, each contributing significantly to the overall market value. Leading players like UPS, DHL, FedEx, and others compete intensely, offering a diverse range of services catering to various industry needs. While precise market sizing for 2025 is unavailable, extrapolating from the provided CAGR and a reasonable estimation based on industry reports, the Singapore Customs Brokerage market in 2025 could be valued in the hundreds of millions of USD. Looking ahead, the forecast period of 2025-2033 projects continued growth, propelled by factors such as e-commerce expansion, technological advancements in supply chain management (including automation and data analytics), and Singapore's ongoing investments in infrastructure and port modernization. However, potential restraints include global economic uncertainty, geopolitical instability impacting trade flows, and increasing compliance costs associated with stringent customs regulations. The competitive landscape remains dynamic, with both established global players and agile local firms vying for market share. This necessitates a focus on innovation, specialization, and efficient customer service to succeed in this competitive and expanding market. The industry’s future growth will depend on adapting to evolving technological landscapes, navigating regulatory complexities, and maintaining a strong focus on efficient service delivery in a highly competitive market. Recent developments include: Dec 2021: DHL Express (an international logistics company) launched its first Yellow Boat delivery service to provide a more reliable and efficient way of transporting goods between Batam and Singapore. The innovative service is part of DHL's commitment to using multi-transport modes to improve transit time for shipments between Batam and the rest of the world, thus offering a competitive edge to customers at Batam. The introduction of this new mode of delivery is very timely and is set to open new doors for more growing economies like Batam in this region, served by its South Asia Hub in Singapore., Dec 2021: UPS (a multinational shipping and receiving and supply chain management company) officially opened its first innovation center globally, connecting businesses in Asia with emerging technologies in logistics. Located in Singapore, the UPS SCS Asia Pacific Innovation Centre will see UPS collaborating with strategic partners to incubate, test, and deploy next-generation technology to help businesses accelerate their digitalization journey in a transforming world. The Asia Pacific Innovation Centre is a dedicated platform to bring next-generation technologies and solutions to life collaboratively with their customers.. Notable trends are: Singapore Surge in Imports and Exports Driving the Market.

The Report Covers APAC FMCG Logistics Market Analysis and it is segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management and Other Value-added Services), by Product Category (Food and Beverage, Personal Care, Household Care and Other Consumables) and by Geography (China, India, Japan, South Korea, Singapore, Indonesia, Vietnam, Malaysia and Thailand).

Singapore's chemical logistics sector is rapidly expanding due to its key position as a worldwide petrochemical hub. Jurong Island, which serves as a hub for several global chemical businesses, is critical to this growth. The growing need for chemicals in a variety of industries, including food, oil and gas, cosmetics, pharmaceuticals and specialty chemicals, necessitates effective logistics solutions to handle the intricate supply chains involved. This demand is heightened by Singapore's dedication to upholding strong safety and environmental standards in chemical handling and transportation. The market will surpass a revenue of USD 1.8 Billion in 2024 and reach a valuation of around USD 3.2 Billion by 2032.Also, technological advances drive the industry forward. The use of real-time tracking systems, predictive analytics and blockchain technology improves transparency and efficiency in chemical logistics operations. These solutions not only boost operating efficiency but also ensure adherence to demanding regulatory standards. As Singapore invests in smart logistics infrastructure and sustainable practices, the chemical logistics sector is primed for long-term growth, confirming the country's position as the region's top logistics hub. The market will grow at a CAGR of 7.5% from 2026 to 2032.