
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![]() *Disclaimer: Major Players sorted in no particular order |
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 Market Trends
Growing E-commerce in Singapore
In 2023, Singapore's e-commerce retail market was valued at USD 4.3 billion, giving it a 0.1% global market share, ranking it as the fifty-second largest market worldwide, as reported by an industry association. Singapore's freedom score, as per the Index of Economic Freedom, stands at 84.4, placing it at the top globally, surpassing even traditional tax havens like Ireland and Switzerland.
The nation's primary focus is bolstering its digital infrastructure, emphasizing digital connectivity, data analytics, payment systems, and fostering new business innovation. With a 98% internet penetration rate and nearly all Singaporeans owning smartphones, the country anticipates that 58% of its populace will shift to online shopping in the near future.
Central to this digital push is the development of a robust 5G infrastructure, seen as the linchpin of Singapore's digital economy. The nation aims to achieve 50% 5G coverage within two years, with plans for two nationwide 5G networks by 2025. These networks, with their enhanced bandwidth, are poised to significantly boost the country's capacity to manage large e-commerce transactions.
Recognizing the criticality of cybersecurity, Singapore is intensifying its efforts to safeguard businesses and ensure the secure flow of cross-border data. In a pioneering move, Singapore inked the world's first digital-only trade pact, the Digital Economy Partnership Agreement (DEPA), with New Zealand and Chile. Through DEPA, Singapore is striving to establish global frameworks that bolster businesses involved in cross-border digital trade and e-commerce.

Development of Logistics Infrastructure and Connectivity
The government of Singapore continues to invest in transport infrastructure to maintain the country's position as a world-class city and key transport mode between Asia and the world.
Singapore identified key underlying infrastructures that it believes will pave the way for the country to become a global and regional e-commerce hub. Its "five-pronged" strategy includes building out the local 5G networks, supply chain capabilities, and payment platforms.
Singapore has seamless transport connectivity. It has dense sea and road networks for multimodal transshipment, with a Seamless intermodal connectivity between one of the world's busiest seaports and airports. PSA has four container terminals, one multi-purpose terminal, and one vehicle transshipment terminal operational in the country. PSA also has a huge shipping line network of 200 shipping lines, connecting 123 countries with vessels, with a frequency of 60 per day.
Singapore will also continue to develop its supply chain capabilities. In this regard, Enterprise Singapore and other government agencies will work with the logistics sector to value-add to cold-chain management, retail, and pharmaceutical logistics. A data infrastructure foundation will be built up for sharing secure data across supply chains.
The Singapore government has already started transforming logistics as part of its USD 4.5 billion Industry Transformation Programme. The program's primary objective is to drive excellence in logistics operations and become leaders in innovation while also building a strong core of local logistics talent, making Singapore attractive to inward investment. This scheme is named the Logistics Industry Transformation Map (ITM), and it follows similar plans for Singapore's food and beverage and precision engineering sectors.

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
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United Parcel Service
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Deutsche Post DHL Group
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Nippon Express Co. Ltd
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Kerry Logistics Network Limited
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YCH Group Pte Ltd
- *Disclaimer: Major Players sorted in no particular order

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 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 |
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.
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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.