Singapore Logistics Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Singapore Freight and Logistics Market Report is Segmented by Function (Freight Transport, Freight Forwarding, Warehousing, and Value-Added Services and Other Services) and End User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Singapore Logistics Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Singapore Freight And Logistics Market Size

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Singapore Freight And Logistics Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 69.80 Billion
Market Size (2030) USD 84.92 Billion
CAGR (2025 - 2030) 4.00 %
Market Concentration Low

Major Players

Singapore Freight And Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Singapore Freight And Logistics Market with other markets in Logistics Industry

Freight Transport

Freight Transportation Arrangement

Courier Express Parcel

Integrated Logistics

Cold Chain Logistics

Customers of Logistics Services

Singapore Freight And Logistics Market Analysis

The Singapore Freight And Logistics Market size is estimated at USD 69.80 billion in 2025, and is expected to reach USD 84.92 billion by 2030, at a CAGR of 4% during the forecast period (2025-2030).

During the COVID-19 pandemic, the Maritime and Port Authority of Singapore (MPA) ensured minimum disruption to the shipping industry, as it is critical to supporting Singapore in overcoming the pandemic. The Port of Singapore remains open for cargo operations and marine services, including bunkering, ship supplies, and shipyard repairs, to ensure commerce by sea and global supply chains remain undisrupted.

Singapore is consistently ranked among the top logistics hubs in the world. In the 2023 Logistics Performance Index (LPI) published by the World Bank, Singapore ranked first out of 168 countries. This marks the 13th consecutive year that Singapore has been ranked in the top three of the LPI. Singapore has strengthened its status as a global logistics hub amid the COVID-19 pandemic, riding on its competitive advantages such as the efficiency, reliability, and resilience of its network. Singapore is a leading logistics and supply chain management hub in the Asia Pacific region. In addition, the logistics industry is a key driver of the local economy. Singapore is the premier global hub port and international maritime centre, with more than 1,000 tonnes of cargo being handled every minute.

As Singapore is a major transhipment hub and serves as a gateway to some of the key regions, any changes in the global shipping industry affect Singapore's logistics market, majorly in sea and air. Singapore is also significantly affected by the changes in the global manufacturing sector. Government agencies have worked to ensure that any disruptions in Singapore's supply chain network are quickly overcome by providing options in other parts of the network. Singapore has moved toward higher value-added logistics services such as contract logistics that provide customized and end-to-end solutions for companies.

Today, Singapore is a prime location for major logistics firms, with most of the top 25 global players conducting operations here. Most of them, like DHL and Schenker, have set up regional or global HQ functions here. The logistics industry in Singapore employs over 200,000 people. This represents about 5.2% of the total workforce. The industry is expected to grow in the coming years, creating new job opportunities. The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels, amidst a global trade slowdown.

Singapore Freight And Logistics Industry Overview

The market is fragmented in nature. Most manufacturing companies base their supply chain control towers and distribution centers in Singapore to orchestrate their regional and global supply chains. This scenario has attracted global logistics companies to mark their footprint in the Singaporean logistics industry. Changi Airport is home to four major express players, DHL Express, FedEx Express, TNT Express, and UPS. Airport Logistics Park of Singapore (ALPS) has the leading global third-party logistics companies (3PLs), like Expeditors, DB Schenker, and Nippon Express, with sizeable facilities.

Singapore Freight And Logistics Market Leaders

  1. United Parcel Service

  2. Deutsche Post DHL Group

  3. Nippon Express Co. Ltd

  4. Kerry Logistics Network Limited

  5. YCH Group Pte Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Freight And Logistics Concentration
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Singapore Freight And Logistics Market News

  • 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.

Singapore Freight And Logistics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Current Market Scenario
  • 4.2 Market Drivers
    • 4.2.1 Growing global trade activities
    • 4.2.2 Infrastructure Development is on rise
  • 4.3 Market Restraints
    • 4.3.1 Manufacturers' lack of control over logistics services and also increasing logistical costs
  • 4.4 Market Opportunities
    • 4.4.1 Importing and exporting commodities along with the growth in transportation and trade globally
  • 4.5 Value Chain / Supply Chain Analysis
  • 4.6 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Government Regulations and Initiatives
  • 4.8 Technological Trends and Automation
  • 4.9 Brief on Freight Rates
  • 4.10 Insights on Bunkering Services
  • 4.11 Review and Commentary on Singapore's Relation with Other ASEAN Countries (Analyst's View)
  • 4.12 Spotlight - Role of Singapore as a Transshipment Hub
  • 4.13 Impact of Geopolitics and Pandemic on the Market

5. MARKET SEGMENTATION (Market Size By Value)

  • 5.1 By Function
    • 5.1.1 Freight Transport
    • 5.1.1.1 Road
    • 5.1.1.2 Sea
    • 5.1.1.3 Air
    • 5.1.1.4 Rail
    • 5.1.2 Freight Forwarding
    • 5.1.3 Warehousing and Storage
    • 5.1.4 Value-added Services and Others
  • 5.2 By End User
    • 5.2.1 Manufacturing and Automotive
    • 5.2.2 Oil and Gas, Mining, and Quarrying
    • 5.2.3 Agriculture, Fishing, and Forestry
    • 5.2.4 Construction
    • 5.2.5 Distributive Trade (Wholesale and Retail)
    • 5.2.6 Healthcare and Pharmaceutical
    • 5.2.7 Other End Users

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 United Parcel Service
    • 6.2.2 Deutsche Post DHL Group
    • 6.2.3 Singapore Post Limited
    • 6.2.4 ACW Logistics Pte Ltd
    • 6.2.5 Keppel Logistics Pte Ltd
    • 6.2.6 CWT Pte Ltd
    • 6.2.7 YCH Group Pte Ltd
    • 6.2.8 Yamato Transport
    • 6.2.9 Deutsche Post DHL Group
    • 6.2.10 DSV
    • 6.2.11 Kuehne + Nagel International AG
    • 6.2.12 Nippon Express Co. Ltd
    • 6.2.13 Expeditors International
    • 6.2.14 Yusen Logistics Co. Ltd
    • 6.2.15 FedEx Corporation
    • 6.2.16 Deutsche Bahn AG
    • 6.2.17 Agility Logistics
    • 6.2.18 CEVA Logistics*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

  • 8.1 GDP Distribution, by Activity
  • 8.2 Insights on Capital Flows
  • 8.3 Economic Statistics - Transport and Storage Sector and Contribution to Economy
  • 8.4 External Trade Statistics - Export and Import, by Product
  • 8.5 Insights on Key Export Destinations
  • 8.6 Insights on Key Import Origin Countries
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Singapore Freight And Logistics Industry Segmentation

Freight refers to goods, items, or commodities transported in bulk via air transport, surface transport, or sea/ocean transport. Logistics refers to managing how resources are acquired, stored, and transported to their final destination.

A comprehensive background analysis of the Singapore Freight And Logistics Market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.

The Singapore Freight and Logistics Market is segmented By Function (Freight Transport, Freight Forwarding, Warehousing and Storage, and Value-added Services and Other Services) and End-User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users). The report offers market size and forecasts for the Singapore Freight and Logistics Market in value (USD) for the above-mentioned segments.

By Function Freight Transport Road
Sea
Air
Rail
Freight Forwarding
Warehousing and Storage
Value-added Services and Others
By End User Manufacturing and Automotive
Oil and Gas, Mining, and Quarrying
Agriculture, Fishing, and Forestry
Construction
Distributive Trade (Wholesale and Retail)
Healthcare and Pharmaceutical
Other End Users
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Singapore Freight And Logistics Market Research FAQs

How big is the Singapore Freight And Logistics Market?

The Singapore Freight And Logistics Market size is expected to reach USD 69.80 billion in 2025 and grow at a CAGR of 4% to reach USD 84.92 billion by 2030.

What is the current Singapore Freight And Logistics Market size?

In 2025, the Singapore Freight And Logistics Market size is expected to reach USD 69.80 billion.

Who are the key players in Singapore Freight And Logistics Market?

United Parcel Service, Deutsche Post DHL Group, Nippon Express Co. Ltd, Kerry Logistics Network Limited and YCH Group Pte Ltd are the major companies operating in the Singapore Freight And Logistics Market.

What years does this Singapore Freight And Logistics Market cover, and what was the market size in 2024?

In 2024, the Singapore Freight And Logistics Market size was estimated at USD 67.01 billion. The report covers the Singapore Freight And Logistics Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Freight And Logistics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Singapore Freight And Logistics Industry Report

The Singapore Freight and Logistics Market is experiencing significant growth, driven by advancements in digital and tech-driven logistics that enhance efficiency and provide real-time tracking capabilities. This market is segmented by various transportation modes, with road freight being notably extensive and sea freight rapidly expanding. Prominent logistics services such as third-party logistics (3PL) and freight forwarding cater to a diverse range of sectors including e-commerce, retail, and manufacturing. Specialized services like project cargo handling and exhibition and event logistics play crucial roles, underscoring the market's versatility. Temperature-controlled logistics, particularly refrigerated logistics, are essential for managing perishable goods. Additionally, the market emphasizes customs brokerage and regulatory compliance to facilitate smooth international trade.

The report offers an industry overview and a comprehensive market outlook, detailing the market size and market segmentation. The market forecast highlights the industry growth and market growth, with an emphasis on market predictions and market trends. The industry profile includes industry statistics, industry analysis, and industry information, providing a thorough market review and market data. The market report is available as a report pdf, offering an in-depth look at the market value and industry size.

The industry reports and industry research provide insights into industry sales and the growth rate of the market. The report example includes data on market leaders and research companies, offering valuable market insights. The market overview and market outlook are essential for understanding the market dynamics and future market predictions. Access the free report pdf download for a detailed analysis of the Singapore Freight and Logistics market.

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