The report titled “Singapore Logistics & Warehousing Market Outlook to 2021 – Freight Forwarding and Warehousing Sector to Support Future Growth” provides a comprehensive analysis of the Logistics & Warehousing market in Singapore. The report covers various aspects such as overall size of Singapore logistics & warehousing market in terms of value, segmentation on the basis of Service mix, by geography, by industries, Freight forwarding, warehousing, cold chain, 3PL market size and express logistics market. The report also covers value chain analysis for logistics & warehousing market, comparative analysis of Singapore logistics market with APAC countries and global logistics market. The report also covers the competitive landscape of the industry, competitive benchmarking of major players and comprehensive profile of leading and emerging players operating in the market. The report also includes future outlook and projection of the Singapore logistics & warehousing market, freight forwarding market, cold chain market, warehousing market, 3 PL market and express logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a benchmark for every new player which is seeking to enter into Logistics & warehousing market in Singapore what should be the focus and USP for that new player.
This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for freight forwarding companies, warehousing companies, Cold chain companies, 3PL companies and express logistics companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Singapore Warehousing & Logistics Industry
The Logistics market encompasses of logistics, Warehousing and value added services provided by domestic and international players. Market has witnessed a robust growth rate in past few years owing to the increase in the export and imports of the kingdom and expanding E-commerce industry. The logistics & warehousing market has increased at a CAGR of ~ % during 2010 to 2015. The market has increased from USD ~ billion in 2010 to ~ billion in 2015. A lot of operational processes have improved largely due to the technological advancement and government initiatives. Emergence of global players and with increase in use of internet, many logistic companies developed interesting web and mobile applications to support their operations and customer service. Freight forwarding is the major contributor in the revenues of the industry, contributing the percentage share of ~% in 2016, followed by warehousing (~ %) and value added services (~ %) in 2016.
Singapore Freight Forwarding Market
Freight forwarding has been the leading segment in the logistics and warehousing industry in Singapore from past 5 years. The freight forwarding segment has increased during the review period due to the expanding oil and gas projects, electronics industry, e-commerce, pharmaceutical and biotech, food products along with increased infrastructural developments in the country leading to further development in the market. Sea freight movement has majorly dominated the market of logistics in Singapore with the share of ~% in 2015, followed by air freight (~ %) and land freight (~ %). The dominating countries in the segment are DB Schenker, DHL, UPS, Fed Ex, YCH Holdings and others.
Singapore Warehousing Market
Warehousing industry has increased from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~% during the same period. With increased scope of logistics industries and emerging industries in the APAC region, the requirement for warehouse space will grow steadily and is estimated to reach over USD ~ billion by 2020. Industrial/Retail sector is the largest contributor in the segmentation of warehousing industry in terms of business model. Industrial & retail sector has contributed a share of ~% in terms of revenues in 2016.
Singapore 3PL Market
Third Party logistics has seen a stable growth in Singapore. The market has grown from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~% during the same period. A majority of third party logistics providers target intensely competitive industries such as automotive, retail, computers, and electronics where margins are very low. Some partner with firms providing detailed supply chain collaboration services. Leading players also collaborate with other companies including competitors for achieving logistics cost and service improvements. Inventory management through digitization and flexible distribution strategies enable retailers offering Omni-retail channel functionality to quickly respond to dynamic market demand.
Singapore Express Logistics Market
The market grew from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~%. The rising prominence of online shopping has attributed to the increasing demand for express delivery, especially by B2C segments in past few years. In Singapore, international express delivery is greatly aided by the advanced supply chain infrastructure. Changi Airport is served by more than 100 airlines with flights to 120 countries and nearly 300 weekly freighter flights. The airport sets some of the highest standards for cargo and has goals of clearing 90 percent of cargo shipments through customs within 13 minutes.
Singapore Cold Chain Logistics Market
Singapore has a highly developed and sophisticated cold chain distribution system. Cold chain operators are looking at further develop their Singapore facilities to create a cross-docking location to more efficiently move products throughout the ASEAN region; which would help U.S. cold chain firms improve their operating efficiency and market prospects in the region. Major industries which will fume its growth further are pharmaceutical & biotech industry and food & perishable products. The cold chain market has grown from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~% during the same period. The growth in these sectors due to rise in consumer’s expenditure and lifestyle, and growth of contractual manufacturing in pharmaceutical sector will push market revenue to approximately USD ~ billion by 2021.
Singapore logistics market is expected to increase at a CAGR of ~% during 2016 to 2021 to reach at USD ~ billion by 2021. Rising demand of warehousing and cold storage, growing E-commerce and retail industry, entry of foreign players, rising government support, increasing trade with other major importing & exporting countries will drive the market in coming future. Freight forwarding services will majorly contribute in the overall market of logistics with the share of ~% in 2021. This incline in share of the freight forwarding market will be on the account of various expansion projects. Warehousing industry will contribute a market share of ~% in terms of revenue in 2021.
Key Topics Covered in the Report:
- Singapore Logistics & Warehousing Market Overview
- Value Chain Analysis for Singapore Logistics Market
- Singapore Logistic Market Segmentation
- Singapore Freight Forwarding Market Overview, Segmentation and Future Outlook
- Singapore 3PL Market Outlook and Future
- Singapore Warehousing Market, Segmentation and Future Outlook
- Singapore Cold Chain Market Overview, Segmentation and Future Outlook
- Competitive Landscape of Major Players in Singapore Warehousing market Snapshot of Indonesia On-Demand Laundry Services Market
- Growth Drivers and Trends in Singapore Logistics and Warehousing Market
- Issues and Challenges in Singapore Logistics and Warehousing Market
- Government Role in Singapore Logistics and Warehousing Market
- Recent Industry Activities in Singapore Logistics and Warehousing Market
- Singapore Logistics and Warehousing Market Future Outlook and Projections
- Macroeconomic Factors affecting Singapore Logistics and Warehousing Market
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com