Singapore Last Mile Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Singapore Last-Mile Delivery Market report is segmented By Service (B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Customer-to-Customer)), By Delivery Mode (Regular Delivery, Same-day Delivery, Express Delivery). The report offers the market size and forecasts in values (USD billion) for all the above segments.

Singapore Last Mile Delivery Market Size

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Singapore Last Mile Delivery Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR > 8.00 %
Market Concentration Low

Major Players

Singapore Last Mile Delivery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Singapore Last Mile Delivery Market Analysis

Singapore's last-mile delivery market is valued at about USD 28 Billion and is expected to record a CAGR of more than 8% during the forecast period.

  • Consumers regard food and grocery delivery services as a new way of life, instead of a necessity during Covid, and an indulgence before that seven in 10 consumers said that deliveries had become a permanent part of their life today. Among active users surveyed, the top three reasons for using these services were convenience, the ability to access what they want on demand, and preparation for social gatherings. Consumers are placing more orders and spending more money per purchase as deliveries have become a constant lifestyle. Monthly food and grocery delivery costs were 30% higher in May 2022 than in November 2021. Vietnamese customers placed the most orders in the region, while Singaporeans paid the most for deliveries. In total, the top 25% of heaviest consumers were responsible for over 71% of the region's delivery costs. In Southeast Asia, they most frequently utilised the GrabFood brand to distribute food.
  • The Singaporean e-commerce business is dependent on these last-mile deliveries as it continues to grow and is expected to have 4.1 million clients by 2025. It is difficult to locate and select the finest last-mile carrier to handle the goods transported by e-commerce enterprises to end-users in and out of the country as a result of the abundance of service providers.
  • At the nation's Transport and Logistics Industry Day on October 31, 2022, Singapore unveiled Technical Reference (TR 105), a new standard for parcel delivery's last mile. E-commerce firms and logistics service providers (LSPs) can standardise methods and practises to enhance the workflow and experience of last-mile deliveries by following the TR 105 principles (LMDs). TR 105 guides in areas such as packaging, labelling, data collection and transmission, communication content and operational practices. The standard aims to establish industry-wide consistency in LMD services for the benefit of consumers and retailers. By standardising packaging and labelling requirements to lower delivery failure rates and improve storage and delivery timetables, TR 105 strives to enhance the end user's experience.

Singapore Last Mile Delivery Market Trends

Growth in E-commerce Driving the Market

Singapore has one of the world's strongest economies due to its wealthy population, opulent lifestyle, disposable income, and wide range of internet possibilities. With the quickest internet speed, it is ranked first in the world. Since the epidemic, there has been an increase in new users, and this is expected to continue as locals migrate to e-commerce platforms for more critical items like groceries. The growth of the E-commerce logistics business in Singapore has been boosted by the expansion of Internet services and rising demand for online logistics services. High internet penetration, the introduction of new businesses, enhanced logistical infrastructure, and government initiatives are all driving the Singapore E-Commerce Logistics Market, which is now in a stage of expansion.

E-commerce sales in Singapore are expected to reach USD 14 billion (SGD 19.6 billion) by 2027. E-commerce sales in Singapore are projected to grow to USD 9 billion in 2022, an increase from USD 8 billion in 2021. The effectiveness of their last-mile delivery strategy will be crucial to the expansion of e-commerce logistics providers. The convenience of placing orders is anticipated to increase collaborations with neighbourhood retailers and increased the adoption of digital wallets. Additionally, Singapore's E-Commerce logistics is anticipated to expand shortly thanks to advancements in technologies like GPS Monitored Robots, Drones, Driverless Deliveries, Inbuilt RFID, GPS, IoT, and telematics that will be utilised to track Inventory. Due to the increased device penetration, the average order value per transaction in the Singaporean e-commerce sector would rise. The transparency and security of the supply chain are predicted to improve with technological advancements, increasing cost-effectiveness. Also, in the upcoming years, commercial opportunities will be generated by the development of logistical infrastructures such as intermodal connectivity, logistics parks, and ports.

Singapore Last Mile Delivery Market: Most Popular Domestic E-commerce Sites in Singapore as of Q1 2022, By Monthly Web Visits (In 1,000 Clicks)

Increase in Cross-Border Shopping in Singapore

According to an industry report, cross-border e-commerce in Singapore in 2022 found that 54% of respondents stated that they shopped cross-border due to better prices. In comparison, 39% of respondents stated that they shopped cross-border because they discovered new and interesting products. Cross-border purchases have always been popular among online shoppers in Singapore. According to an industry report, nearly 78% of all shoppers in Singapore had already purchased from another country, while 55% of all online shopping in Singapore could be attributed to cross-border eCommerce and overseas eCommerce purchases by Singaporean shoppers, fashion and apparel accounted for 44% of the merchandise, while 18% of respondents purchased cosmetics. Specific eCommerce product categories, such as consumer electronics, toys, and cosmetics, are particularly popular among online shoppers across Singapore. Cross-border e-commerce would be further supported by a growing middle-class population, rising mobile internet usage that supports m-commerce, rising social media adoption that supports social commerce, and cutting-edge technology like blockchain that supports a variety of payment methods.

Singapore Last Mile Delivery Market: Cross Border Purchases, By Product categories, In Percentage, Singapore, 2022

Singapore Last Mile Delivery Industry Overview

Singapore's Last Mile Delivery Market is fairly fragmented with a mix of global and local players, making the sector highly competitive. Some of the strong players in the country include DB Schenker, Singapore Post, Deutsche Post DHL Logistics, UPS Singapore and FedEx etc. Companies in the industry are concentrating on growing in terms of incorporating new technologies like drones, electronic vehicles, transport management systems, and artificial intelligence.

Singapore Last Mile Delivery Market Leaders

  1. DB Schenker

  2. Singapore Post

  3. DHL Logistics

  4. UPS Singapore

  5. FedEx

*Disclaimer: Major Players sorted in no particular order

Singapore Last Mile Delivery Market Concentration
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Singapore Last Mile Delivery Market News

  • April 2023: DHL Express partnered with 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 centres and over 450 service points across the island. DHL Express' expanded service point network in Singapore complements its doorstep delivery services to provide customers with additional parcel collection options.
  • March 2023: Logistics company UPS has expanded its operations hub in Changi Airport, and customers can expect to get their parcels sooner. Earlier in March, it announced that it has upped the overall size of the UPS hub by 25 per cent. The company said this would enable its facilities to process 40 per cent more import packages while also speeding up delivery times to almost 5,000 additional postal codes in Singapore.
  • January 2023: DHL Express announced a partnership with Michelin to trial Michelin UPTIS puncture-proof tires on Singapore roads in the first-ever pilot. The pilot program begins with the first vehicles making the first delivery trips. The Michelin UPTIS prototype is a puncture-proof wheel/tire assembly with no compressed air and is intended for cars and light vans.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends

    3. 4.3 Insights on E-Commerce Industry in Singapore

    4. 4.4 Insights into Cross-border trade of Singapore with other countries

    5. 4.5 Impact of Covid-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Overview

    2. 5.2 Market Drivers

    3. 5.3 Market Restraints

    4. 5.4 Value Chain / Supply Chain Analysis

    5. 5.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 5.5.1 Threat of New Entrants

      2. 5.5.2 Bargaining Power of Buyers/Consumers

      3. 5.5.3 Bargaining Power of Suppliers

      4. 5.5.4 Threat of Substitute Products

      5. 5.5.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 Service

      1. 6.1.1 B2B (Business-to-Business)

      2. 6.1.2 B2C (Business-to-Customer)

      3. 6.1.3 C2C (Customer-to-Customer)

    2. 6.2 Delivery Mode

      1. 6.2.1 Regular Delivery

      2. 6.2.2 Same Day Delivery

      3. 6.2.3 Express Delivery

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Overview (Market Concentration & Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 YCH Group

      2. 7.2.2 DB Schenker

      3. 7.2.3 Singapore Post

      4. 7.2.4 DHL Logistics

      5. 7.2.5 UPS Singapore

      6. 7.2.6 FedEx

      7. 7.2.7 DTDC Singapore

      8. 7.2.8 Yusen Logistics

      9. 7.2.9 Aramex

      10. 7.2.10 CWT Pte Ltd

      11. 7.2.11 Uparcel

      12. 7.2.12 Yamato Transport*

    3. *List Not Exhaustive
  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

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Singapore Last Mile Delivery Industry Segmentation

The term "last mile delivery" describes the final stage of a logistics process. the route taken by a product from a warehouse to the final customer's door. The most crucial step of the delivery process is this final one, which needs to be carefully managed for quick shipping. The report provides a thorough background analysis of the last-mile delivery market in Singapore, including a rating of the economy and the contribution of its sectors, a market overview, market size projections for important market segments, emerging market segment trends, market dynamics, and geographic trends.

The Singaporean Last-Mile Delivery Market report is segmented by Service (B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Customer-to-Customer)), By Delivery Mode (Regular Delivery, Same-day Delivery, Express Delivery). The market sizing and forecasts have been done for each segment based on value (USD billion).

Service
B2B (Business-to-Business)
B2C (Business-to-Customer)
C2C (Customer-to-Customer)
Delivery Mode
Regular Delivery
Same Day Delivery
Express Delivery
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Frequently Asked Questions

The Singapore Last Mile Delivery Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

DB Schenker , Singapore Post, DHL Logistics, UPS Singapore and FedEx are the major companies operating in the Singapore Last Mile Delivery Market.

The report covers the Singapore Last Mile Delivery Market historical market size for years: . The report also forecasts the Singapore Last Mile Delivery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Singapore Last Mile Delivery Industry Report

Statistics for the 2024 Singapore Last Mile Delivery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Last Mile Delivery analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Singapore Last Mile Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)