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

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).

Singapore Freight And Logistics Market Size and Share

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
View Global Report

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

Singapore Freight And Logistics Market Analysis by Mordor Intelligence

The Singapore freight and logistics market size stood at USD 24.53 billion in 2025 and is forecast to reach USD 33.33 billion by 2030, reflecting a 6.32% CAGR through the period. Robust throughput at PSA’s terminals, a 50% uplift in Changi’s planned cargo capacity, and steady policy support for digital adoption anchor this momentum. Cold-chain projects, 5G-enabled port operations, and direct long-haul freighter lanes are steering the Singapore freight and logistics market toward higher-value, time-critical flows. Manufacturers relocating some production from China to ASEAN now route an increasing share of high-tech and pharmaceutical cargo through the city-state, drawn by fully automated yard equipment and near-instant customs clearance. Competition from Malaysian ports is heightening, yet Singapore offsets cost disadvantages with superior reliability, visibility, and multimodal speed.

Key Report Takeaways

  • By logistics function, freight transport led with 61.33% revenue share in 2024, while courier, express, and parcel (CEP) is projected to grow at 7.27% CAGR between 2025-2030.
  • By freight forwarding mode, sea and inland waterways freight forwarding controlled 50.43% of the Singapore freight and logistics market share in 2024; air freight forwarding is forecast to expand at 6.38% CAGR between 2025-2030.
  • By end-user industry, wholesale and retail trade commanded 30.82% of the Singapore freight and logistics market size in 2024; manufacturing shows the fastest 6.83% CAGR between 2025-2030.
  • By freight transport mode, sea and inland waterways freight transport captured 64.51% share in 2024, whereas air freight transport will rise at 7.13% CAGR between 2025-2030.
  • By CEP destination type, domestic deliveries held a 65.04% share in 2024, yet international services will advance at a 7.54% CAGR between 2025-2030.
  • By warehousing and storage, non-temperature controlled sites retained a 91.66% share in 2024; temperature controlled facilities are growing at a 7.13% CAGR between 2025-2030.

Segment Analysis

By End User Industry: Manufacturing Leads Growth, Trade Holds Scale

Wholesale and retail trade represented 30.82% of 2024 turnover, a testament to Singapore’s heritage as a distribution entrepôt. Manufacturing, led by pharmaceuticals and aerospace, will outpace all other segments at 6.83% CAGR between 2025-2030, shifting focus toward validated cold-chain, time-critical services and boosting the Singapore freight and logistics market.
Construction logistics stays buoyant on ASEAN infrastructure builds, while agriculture, fishing, and forestry flows rely on Singapore’s stringent food-safety regime. Oil and gas volumes are steady, benefiting from the city-state’s role as a bunkering hub.

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

By Logistics Function: Dominance of Freight Transport, CEP Ascendant

Freight transport generated 61.33% of 2024 revenue, cementing its place at the core of the Singapore freight and logistics market. Sea and inland waterways lifted 64.51% of segment revenue, while air freight booked a 7.13% CAGR between 2025-2030, thanks to semiconductor and vaccine movements. Road freight handled 130.27 million tons in 2024 but remains constrained by land scarcity. Pipelines moved 97.36 million tons of petrochemicals, a steady yet mature niche.
Courier, Express, and Parcel (CEP) is gathering speed, advancing 7.27% CAGR (2025-2030) as cross-border e-commerce demands next-day transit across ASEAN. Warehousing revenues stay resilient, but temperature-controlled space is growing twice as fast as ambient sheds. Freight forwarding thrives on customs speed; air forwarding, in particular, benefits from direct Singapore-US freighter links that cut lead times by one full day. Together, these shifts illustrate how the Singapore freight and logistics market is evolving from pure transshipment to an integrated digital supply-chain platform.

By Courier, Express, and Parcel (CEP): International Surge, Domestic Breadth

Domestic CEP still formed 65.04% of 2024 revenue, catering to 5.9 million residents who expect same-day service. Yet international parcels will increase 7.54% CAGR between 2025-2030 as ASEAN e-commerce soars and Singapore consolidates regional fulfilment.
FedEx’s regional HQ and the world’s longest Singapore-Anchorage freighter lane illustrate how cross-border networks enrich the Singapore freight and logistics market[4]Business Times, “FedEx Sets Up AMEA HQ in Singapore,” businesstimes.com.sg.

By Warehousing Temperature Control: Cold-Chain Expansion Accelerates

Non-temperature-controlled warehouses supplied bulk storage for electronics, garments, and machinery, capturing 91.66% of 2024 warehousing revenue. Operators are installing mezzanine floors, automated storage and retrieval systems, and data-driven slotting to boost throughput per m². Rising industrial rents in Singapore are squeezing profit margins, so many mid-sized logistics firms park slower-moving goods in nearby Johor and keep only fast-moving stock in local warehouses.
Temperature-controlled capacity, though smaller, is forecast to soar at a 7.13% CAGR between 2025-2030, propelled by life-science production, biotech R&D, and premium food exports. DHL’s EUR 500 million (USD 551.82 million) pharma hub at Jurong Pier epitomizes the shift toward real-time monitoring and direct sea-air cross-docking. Government grants under Logistics Industry Digital Plan 2.0 cover IoT probes and automated guided vehicles, ensuring cold-chain space remains the prime engine of warehousing growth within the Singapore freight and logistics market.

By Freight Transport Mode: Sea Dominance, Air Momentum

Sea and Inland Waterways freight transport accounted for 64.51% of revenue in 2024 and for 74.57% of load picked (tons), underlining maritime primacy. Even so, air freight transport posts the steepest 7.13% CAGR between 2025-2030, driven by consumer electronics, biologics, and high-pressure turbine components.
Road freight transport moves less than 5% of the load in ton-km because of short haul lengths, and pipeline flows maintain a niche foothold in refined-product transfers. The dynamic reflects how the Singapore freight and logistics market blends mass-scale seaborne freight with high-margin airborne consignments.

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

By Freight Forwarding Mode: Sea Retains Scale, Air Shows Velocity

Sea forwarding commanded a 50.43% share in 2024, leveraging low USD 0.018 per ton-km costs and PSA’s automated berths. Yet its growth moderates as price-sensitive shippers weigh Port Klang’s lower tariffs. Conversely, air freight forwarding is set to climb to 6.38% CAGR (2025-2030) even at USD 0.574 per ton-km, underscoring the premium on time-definite delivery.
Multimodal solutions—sea-air transits via Singapore—are gaining traction, giving forwarders differentiated value propositions within the Singapore freight and logistics market. Pipeline forwarding and road forwarding remain specialized but strategic: the former supports petrochemical flows; the latter enables point-to-point ASEAN drops.

Geography Analysis

Singapore operates as a single, hyper-connected logistics node where cargo can move from Changi’s apron to Tuas’ quays in under four hours, compressing dwell times that elsewhere stretch to days. Roughly 25% of global traded goods pass through its waters yearly, reflecting its strategic location on the Malacca-Sunda route. Deep-water berths accommodate the latest 24,000 TEU megamax vessels, while air links reach 400 cities worldwide, keeping the Singapore freight and logistics market pivotal for intra-Asia and intercontinental trade.
Regional rivalry is intensifying. Port Klang handled 14.06 million TEUs in 2024 and will double its capacity to 27 million TEUs by 2028, bidding aggressively for transshipment flows. Yet longer clearance cycles and limited automation blunt its challenge compared to Singapore’s 99% permit clearance under 10 minutes. The Johor-Singapore Special Economic Zone also creates synergies: distribution centers in Iskandar can feed PSA and Changi overnight, giving operators a two-country logistics play within the broader Singapore freight and logistics market.

Competitive Landscape

The Singapore freight and logistics market is moderately fragmented, with global integrators, regional champions, and state-linked firms jostling for share. DHL, FedEx, and UPS leverage worldwide networks; PSA International and SATS benefit from asset access and policy alignment; YCH Group and Pacific International Lines draw on intra-Asia expertise. Technology is the main battleground: operators deploying AI route optimization and predictive maintenance report 15-20% unit-cost cuts. DSV’s EUR 14.3 billion (USD 15.78 billion) acquisition of DB Schenker created the world’s largest forwarder, showing how scale funds digital depth.
Niche differentiation is sharpening. Cold-chain specialists lock in long-term contracts with pharma firms by meeting Good Distribution Practice and ISO 13485 standards. Aerospace MRO logistics hinges on secure high-pressure component handling; providers with bonded, temperature-stable zones command premiums. Sustainability is rising on bid scorecards, compelling operators to trial bio-LNG bunkering and electric yard tractors within the Singapore freight and logistics market.
Barriers to entry include land scarcity, labor regulations, and stringent customs compliance. Newcomers often start as virtual forwarders, outsourcing asset operations while building digital platforms. Over time, many partner with local incumbents to secure warehouse space near Tuas or airside stations at Changi. This collaborative model underscores the market’s balance between competition and symbiosis.

Singapore Freight And Logistics Industry Leaders

  1. PSA International

  2. DHL Group

  3. Kuehne+Nagel

  4. DSV A/S (incl. DB Schenker)

  5. FedEx

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Freight And Logistics Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • April 2025: DHL Supply Chain opened a USD 11.37 million pharma hub with 8,200 m² of GDP-compliant space at Jurong Pier.
  • March 2025: FedEx launched a six-times-weekly Singapore–Anchorage 777F service, the world’s longest non-stop cargo flight.
  • March 2025: Singapore Post invested SGD 30 million (USD 22.2 million) to quadruple parcel output to 400,000 per day at its Regional E-commerce Logistics Hub.
  • November 2024: SATS sold a 49% stake in SATS Saudi Arabia to Avilog to expand Middle-East air-cargo handling.

Table of Contents for Singapore Freight And Logistics Industry Report

1. Introduction

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

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Demographics
  • 4.3 GDP Distribution By Economic Activity
  • 4.4 GDP Growth By Economic Activity
  • 4.5 Inflation
  • 4.6 Economic Performance And Profile
    • 4.6.1 Trends in E-Commerce Industry
    • 4.6.2 Trends in Manufacturing Industry
  • 4.7 Transport And Storage Sector GDP
  • 4.8 Export Trends
  • 4.9 Import Trends
  • 4.10 Fuel Price
  • 4.11 Logistics Performance
  • 4.12 Modal Share
  • 4.13 Freight Pricing Trends
  • 4.14 Freight Tonnage Trends
  • 4.15 Infrastructure
  • 4.16 Regulatory Framework (Road and Rail)
  • 4.17 Regulatory Framework (Sea and Air)
  • 4.18 Value Chain and Distribution Channel Analysis
  • 4.19 Market Drivers
    • 4.19.1 Tuas Mega-Port capacity expansion to 65 Million TEUs fuelling overall sea-freight volumes in Singapore
    • 4.19.2 Logistics Industry Digital Plan 2.0 incentivising automation and cold-chain investments
    • 4.19.3 Pharma and aerospace MRO output surges, driving demand for time-critical, temperature-controlled services
    • 4.19.4 99 % of customs permits cleared within 10 minutes enhancing trans-shipment attractiveness
    • 4.19.5 Changi East (T5) expansion lifting air-cargo capacity to 4.5 Million tons in the Airport
  • 4.20 Market Restraints
    • 4.20.1 Escalating industrial land and warehouse rents compressing operator margins
    • 4.20.2 Manpower crunch from tighter foreign-labour quotas and ageing workforce curtailing growth
    • 4.20.3 Despite a significant land coverage, the country faces limited domestic road-freight capacity
    • 4.20.4 Rising competition witnessed from Port Klang and Tanjung Pelepas for trans-shipment flows
  • 4.21 Technology Innovations in the Market
  • 4.22 Porter’s Five Forces Analysis
    • 4.22.1 Threat of New Entrants
    • 4.22.2 Bargaining Power of Suppliers
    • 4.22.3 Bargaining Power of Buyers
    • 4.22.4 Threat of Substitutes
    • 4.22.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value, USD)

  • 5.1 End User Industry
    • 5.1.1 Agriculture, Fishing, and Forestry
    • 5.1.2 Construction
    • 5.1.3 Manufacturing
    • 5.1.4 Oil and Gas, Mining and Quarrying
    • 5.1.5 Wholesale and Retail Trade
    • 5.1.6 Others
  • 5.2 Logistics Function
    • 5.2.1 Courier, Express, and Parcel (CEP)
    • 5.2.1.1 By Destination Type
    • 5.2.1.1.1 Domestic
    • 5.2.1.1.2 International
    • 5.2.2 Freight Forwarding
    • 5.2.2.1 By Mode of Transport
    • 5.2.2.1.1 Air
    • 5.2.2.1.2 Sea and Inland Waterways
    • 5.2.2.1.3 Others
    • 5.2.3 Freight Transport
    • 5.2.3.1 By Mode of Transport
    • 5.2.3.1.1 Air
    • 5.2.3.1.2 Pipelines
    • 5.2.3.1.3 Road
    • 5.2.3.1.4 Sea and Inland Waterways
    • 5.2.4 Warehousing and Storage
    • 5.2.4.1 By Temperature Control
    • 5.2.4.1.1 Non-Temperature Controlled
    • 5.2.4.1.2 Temperature Controlled
    • 5.2.5 Other Services

6. Competitive Landscape

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.3.1 A.P. Moller - Maersk
    • 6.3.2 CJ Logistics Corporation
    • 6.3.3 CMA CGM Group (including CEVA Logistics)
    • 6.3.4 CWT Pte, Ltd.
    • 6.3.5 DHL Group
    • 6.3.6 DSV A/S (including DB Schenker)
    • 6.3.7 FedEx
    • 6.3.8 GEODIS (including Keppel Logistics Pte Ltd.)
    • 6.3.9 Kuehne+Nagel
    • 6.3.10 Nippon Express Holdings, Inc.
    • 6.3.11 Pacific International Lines Pte, Ltd.
    • 6.3.12 Poh Tiong Choon Logistics, Ltd
    • 6.3.13 PSA International
    • 6.3.14 SATS, Ltd.
    • 6.3.15 SF Express (KEX-SF)
    • 6.3.16 Singapore Post, Ltd.
    • 6.3.17 ST Logistics Pte, Ltd.
    • 6.3.18 United Parcel Service of America, Inc. (UPS)
    • 6.3.19 Vibrant Group, Ltd.
    • 6.3.20 Yamato Holdings Co., Ltd.
    • 6.3.21 YCH Group

7. Market Opportunities and Future Outlook

  • 7.1 White-Space and Unmet-Need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Singapore Freight And Logistics Market Report Scope

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.

End User Industry Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function Courier, Express, and Parcel (CEP) By Destination Type Domestic
International
Freight Forwarding By Mode of Transport Air
Sea and Inland Waterways
Others
Freight Transport By Mode of Transport Air
Pipelines
Road
Sea and Inland Waterways
Warehousing and Storage By Temperature Control Non-Temperature Controlled
Temperature Controlled
Other Services
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function
Courier, Express, and Parcel (CEP) By Destination Type Domestic
International
Freight Forwarding By Mode of Transport Air
Sea and Inland Waterways
Others
Freight Transport By Mode of Transport Air
Pipelines
Road
Sea and Inland Waterways
Warehousing and Storage By Temperature Control Non-Temperature Controlled
Temperature Controlled
Other Services
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the current size of the Singapore freight and logistics market?

The Singapore freight and logistics market size was USD 24.53 billion in 2025 and is projected to rise to USD 33.33 billion by 2030.

Which logistics function contributes the most revenue?

Freight transport leads, accounting for 61.33% of 2024 market revenue.

Why is cold-chain warehousing growing faster than ambient storage?

Pharmaceutical manufacturing, biotech R&D, and premium food exports need GDP-compliant temperature control, driving a 7.13% CAGR (2025-2030) for temperature-controlled space.

How does Singapore maintain an edge over regional ports?

Automation at Tuas, 5G-enabled operations, and 99% customs clearance within 10 minutes keep Singapore ahead despite higher operating costs.

What constraints could slow market growth?

High industrial rents, tighter foreign-labor quotas, and limited domestic road capacity could trim expansion if not offset by technology.

Which end-user industry will expand fastest through 2030?

Manufacturing, particularly pharmaceuticals and aerospace MRO, is set to grow at 6.83% CAGR between 2025-2030, eclipsing traditional wholesale trade growth.

Singapore Freight And Logistics Market Report Snapshots