PUBLISHER: Ken Research Private Limited | PRODUCT CODE: 1301502
PUBLISHER: Ken Research Private Limited | PRODUCT CODE: 1301502
Singapore Logistics Industry Outlook to 2028
The report provides a comprehensive analysis of the potential of Logistics Industry in Singapore. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The report has market segmentation which include segments by service mix, by mode of freight, by mode of transport, by end users, by type of warehouse, by shipments, and more; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
- Market Overview:
According to Ken Research estimates, the Market Size of Singapore Logistics has shown increasing trend from 2019 to 2022. 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 logistics operators are making significant investments in automation and digitalization in order to address security concerns, improve loss prevention as well as efficiency.
- The government is focusing on sustainable development of the country with the introduction of automated and sustainable products. Sustainable technologies are integral to the new Tuas Port, which will become the world's largest automated container terminal when its fourth and final phase will be completed in 2040.
- Singapore Logistics Association (SLA) has begun piloting the use of Automated Guided Vehicles (AGVs) with local robotics firm Hope Technik in a third-party logistics (3PL) warehouse. It will help not only to reduce cost but also to minimize human errors and reduce time lags.
- Key Trends by Market Segment:
- By Type of Freight: Sea Freight dominates the Freight Market contributed highest owing to the affordability and accessibility of using sea freight players.
- By Warehouse Business Model: Industrial/ Retail Warehouses dominated the Singapore Warehouse market in 2021 by capturing maximum Mn sqm.
- Competitive Landscape:
There are about 2,500 freight companies in Singapore with majority of them offering sea and road freight services in the country. Singapore cold chain market is moderately fragmented with top 4-5 players contribute more than 50% of pallet capacity and players like Jurong and ACW are looking to expand their pallet capacity. Singapore logistics industry is catered by the domestic and international players and Singapore Post, CWT, YCH group are the top players offering Freight, Warehousing, Cold Chain and CEP services.
- Future Outlook:
Market Size of Singapore Logistics is expected to show increasing trend from 2022 to 2028. The rapid shift of distribution of food products from traditional markets toward supermarkets and convenience stores is increasing the need for reefer trucks as major distributors hire 3PL for shipping via insulated trucks.
The covid vaccines imported from other nations are to be stored at subzero temperatures and distributed to the population.
Players like FedEx has utilized its cold chain facilities in Singapore in response to growing demand in Southeast Asia for COVID-19 vaccines. Also, Value-added services are expected to increase due to the increase in CEP and E-commerce and Warehousing services where VAS such as sorting, and packaging are used.
Table Of Contents
1. Executive Summary
- 1.1 Executive Summary - Singapore Logistics Market
2. Country Overview
- 2.1 Country Overview of Singapore
- 2.2 Singapore Population Analysis (Population by Gender, Ethnic Composition, and Age)
- 2.3 Internet Population and Smart Phone Penetration
- 2.4 Cross Comparison of Quality of Infrastructure of ASEAN Countries
- 2.5 Cross-Comparison of Logistic Sector of ASEAN Countries
3. Infrastructural Analysis
- 3.1 Singapore as a Trans-shipment Hub
- 3.2 Singapore Road Transport Overview
- 3.3 Singapore Sea Transport Overview
- 3.4 Singapore Sea Transport Overview
4. Singapore Logistics Market Size Analysis, 2019 - 2028
- 4.1 Ecosystem - Singapore Logistics Market
- 4.2 Singapore Logistics Market Size Analysis. 2019-2022
- 4.3 Growth Drivers and Trends in the Singapore Logistics Market
- 4.4 Issues and Challenges in the Singapore Logistics Market
- 4.5 Singapore Logistics Future Market Size Analysis. 2022-2028
5. Singapore Freight Market Size Analysis, 2019 - 2028
- 5.1 Ecosystem - Freight Companies in Singapore
- 5.2 Value Chain of Freight Market in Singapore
- 5.3 Freight Market Size, 2019-2022
- 5.4 Type of Lorries used in Singapore Logistics Market
- 5.5 Singapore Freight Market by Mode of Transport, 2022
- 5.6 Market Segmentation - Type of Freight, 2022
- 5.6 Cross-Border Road Freight Scenario from Singapore to Thailand, Malaysia, Vietnam and China
- 5.7 Pain Points of Freight Industry in Singapore
- 5.8 Freight Future Market Size, 2022-2028
- 5.9 Future Market Segmentation - Type of Freight
6. Singapore Warehousing Market Size Analysis, 2019-2028
- 6.1 Value Chain Analysis - Warehousing Market in Singapore
- 6.2 Market Size Analysis of Singapore Warehousing Market, 2019-2022
- 6.3 Region Wise Analysis of Singapore Cold Chain Market, 2022
- 6.4 Value Added Services Offered and Pricing by Warehousing Players in Singapore
- 6.5 Market Size Analysis of Singapore Warehousing Market, 2022-2028
7. Singapore Cold Chain Market Size and Segmentation, 2022
- 7.1 Ecosystem of Singapore Cold Chain Market
- 7.2 Value Chain Analysis of Singapore Cold Chain Market
- 7.3 Market Size Analysis of Singapore Cold Chain Market, 2018-2022
- 7.4 Market Segmentation Analysis By End Users of Cold Chain Market, 2022
- 7.5 Market Segmentation Analysis of Cold Storage by Region, 2022
- 7.6 Key Finding in The Singapore Cold Storage Market
- 7.7 Singapore Cold Storage Market Segmentation by Temperature Range and Automation, 2022
- 7.8 Market Size Analysis of Singapore Cold Transportation Market, 2019-2022
- 7.9 Future Market Size Analysis of Singapore Cold Chain Market, 2022-2028
- 7.10 Future Market Segmentation Analysis by End Users of Cold Chain Market and
- 7.11 Cold Storage Market Segmentation Region, 2028
- 7.12 Future Market Size of Singapore Cold Storage Market by Revenue, 2022 to 2028
- 7.13 Singapore Cold Storage Future Market Segmentation by Temperature Range and Automation, 2028
- 7.14 Future Market Size Analysis of Singapore Cold Transportation Market, 2022-2028
8. Singapore Courier and Parcel Market Size Analysis, 2019-2028
- 8.1 Ecosystem of Courier, Express and Parcel Players in Singapore
- 8.2 Singapore E-commerce Logistics Market, 2019-2022
- 8.3 Singapore Courier and Parcel Logistics Market, 2019-2022
- 8.4 Singapore Courier and Parcel Logistics Future Market Analysis, 2022-2028
- 8.5 Growth Drivers of CEP Market in Singapore
- 8.6 Constraints in the Singapore E-Commerce Logistics Market
9. Industry Analysis
- 9.1 Market Dynamics (Drivers, Restraints and Opportunities)
- 9.2 Porter's Five Force Analysis for Singapore Logistics Market
- 9.3 Logistics Costs Trends in Singapore, 2022
- 9.4 Impact of COVID-19 on Singapore Logistics
- 9.5 Stage of Developments in Singapore Logistics and Technological Innovations in Singapore
10. Governments Regulation and Initiatives for the industry
- 10.1 Regulatory Landscape of Singapore Cold Chain Market
- 10.2 Regulation of Singapore Cold Chain through SS 668
- 10.3 Singapore Government Initiatives for Logistics Industry
11. Competition Overview
- 11.1 Competition Scenario of Singapore Logistics Market
- 11.2 Market Positioning Analysis of Logistics Players in Singapore
- 11.3 Cross Comparison of Singapore Logistics Market Players
- 11.4 Value Added Services Offered by the Logistics Players in Singapore
- 11.5 Profitability Analysis of Singapore Logistics Market Player, 2021
12. End User Analysis
- 12.1 In-Depth Analysis End Users in Singapore
- 12.2 Singapore - End Users Analysis
- 12.3 Singapore - Manufacturing Market
- 12.4 Singapore - Automotive Market
- 12.5 Singapore - Oil and Gas, Mining and Quarrying
- 12.6 Singapore - Construction
- 12.7 Singapore - Agriculture, Fishing and Forestry
- 12.8 Singapore - Wholesale and Retail Trade Market
- 12.9 Singapore - Food & Beverages Mar
- 12.10 Singapore - Healthcare and Pharmaceuticals Market
13. Analyst Recommendations
- 13.1 Adoption of an Amalgamation of Integrated & 3PL Model to Penetrate into the Market
- 13.2 Recommendations For Investors and Landlords
- 13.3 Preferred Regional Locations in Singapore
- 13.4 Recommendations to set up a Cold Chain Unit in Singapore
- 13.5 Competitive Positioning and Opportunity Area for the Entrants
- 13.6 Ideal Pricing Strategy Recommendations
- 13.7 Emerging Technological Advancements in Singapore
- 13.8 Adoption of Technological Advancements in Business Operation
14. Appendix
- 14.1 GDP Distribution by Activity
- 14.2 Capital Inflows
- 14.3 Transportation and Storage Sector Contribution to the Economy
- 14.4 Export and Import by Product in Singapore, 2022
15. Research Methodology
- 15.1 Market Definitions and Assumptions and Abbreviations
- 15.2 Market Sizing Approach
- 15.3 Consolidated Research Approach
- 15.4 Sample Size Inclusion
- 15.5 Primary Research Approach
- 15.6 Limitation and Future Conclusion
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