Singapore Logistics & Warehousing Market Outlook to 2021
Freight Forwarding and Warehousing Sector to Support Future Growth
August 2017
173
About the Report
About the Report
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.
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 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 a percentage share of ~% in 2016, followed by warehousing (~ %) and value added services (~ %) in 2016.
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 a 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.
Warehousing industry has increased from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~% during the same period. With the increased scope of logisticsindustries 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 the warehousing industry in terms of business model. The Industrial & retail sector has contributed a share of ~% in terms of revenues in 2016.
Third-Party logistics has seen 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 enables retailers offering Omni-retail channel functionality to quickly respond to dynamic market demand.
The market grew from USD ~ billion in 2011 to USD ~ billion in 2016 at a CAGR of ~%. The rising prominence of online shopping has been 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 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 industries 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 expenditure and lifestyle, and growth of contractual manufacturing in the 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.
- 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
Products
Products
Value Added Services, Express Delivery, Normal Delivery, Cold Chain, Cold Storage, Cold Transportation, Logistics, Warehousing, Third Party Logistics, E-commerce Logistics, Logistics Cost, Sea Transportation, Air Transportation, Ground Express, International Freight Forwarding, Domestic Freight forwarding
Companies
DB Schenker Logistics, DHL Singapore, FedEx Singapore, KWE-Kintetsu World Express, Toll Logistics (Asia) Ltd, UPS Singapore, YCH Group, Yusen Logistics, Ceva Logistics, Yang Lee Logistics, CWT Logistics, Singapore POST/ SingPost, Agility Logistics
Table of Contents
Table of Contents
1. Executive Summary
Evolution of Logistics & Warehousing Industry in Singapore
Market Potential of Logistics industry
Freight Forwarding Market
Express Delivery Market
3PL Market
Warehousing Market
Cold Chain Market
Future Aspects of Logistics & Warehousing Market
Trends in the Logistics & Warehousing industry
2. Appendix
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Limitations
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. Comparative Analysis of Singapore Logistics Market with Global Logistics Market
3.1. Comparison of Singapore Logistics Market With The US, India and China
3.2. Comparative Analysis of Singapore Logistics & Warehousing market with major APAC Countries Logistics Market
4. Logistics Infrastructure in Singapore Logistics Market
4.1. Airports
4.2. Seaports
4.3. Road & Rail Network
Important Intercity Highways in Singapore
5. Value Chain Analysis for Singapore Logistics Market
5.1. Need for Integrated supply chain platform
6. Singapore Logistics & Warehousing Market Introduction
Recent Industry Activity in Singapore Logistics and Warehousing Market
6.1. Singapore Logistics & Warehousing Market Size, 2011-2016
7. Singapore Logistic & Warehousing Market Segmentation
7.1. By Service Mix, 2016
7.2. By Industries, 2016
8. Singapore Freight Forwarding Market
8.1. Singapore Freight Forwarding Market Size by Revenues, 2011-2016
8.2. Singapore Freight Forwarding Market Segmentation
8.2.1. By Freight Movement, 2016
8.2.2. By International and Domestic Freight Movement, 2016
8.3. By Major Sea Flow Corridors, 2016
8.4. Competition Scenario in Singapore Freight Forwarding Market
8.5. Singapore Freight Forwarding Market Future Outlook and Projections, 2017-2021
9. Singapore Express Logistics Market
9.1. Value Chain Analysis in Singapore Express Delivery Market
9.2. Singapore Express Logistics Market Size by Revenues, 2011-2016
9.3. Singapore Express Logistics Market Segmentation, 2011-2016
9.3.1. By Air and Ground Express, 2016
9.3.2. By B2B, B2C and C2C Segments, 2016
9.4. Competition Scenario in Singapore Express Logistics Market
9.5. Singapore Express Logistics Market Future Outlook and Projections, 2017-2021
10. Singapore 3PL Market Introduction
10.1. Singapore 3PL Market Size by Revenues, 2011-2016
10.2. Comparison of 3PL Market in Singapore with Global Market, 2011-2016
10.3. Competitive Benchmarking
How the Companies Compete in 3PL Logistics Market in Singapore
10.4. Types of 3PL Relationships
10.5. Elements for an effective 3pl-Customer relationship
10.6. Singapore 3PL Market Future Outlook and Projections, 2017-2021
11. Singapore Warehousing Market Introduction
Technologies that has Propelled the Warehousing Market in Singapore, 2011-2016
11.1. Value Chain Analysis in Singapore Warehousing Market
Major Warehousing Hubs in Singapore
11.2. Singapore Warehousing Market Size by Revenues, 2011-2016
11.2.1. By Revenues from Industrial/Retail, Cold Stores, CFS/ICD, 2016
11.3. Competitive Benchmarking
11.3.1. Competition Scenario in Singapore Warehousing Market
11.4. Singapore Warehousing Market Future Outlook and Projections, 2017-2021
12. Singapore Cold Chain Industry Introduction
12.1. Singapore Cold Chain Market Segmentation
12.1.1. By Cold Storage and Cold Transport Services, 2016
12.1.2. By Products (Meat and Seafood, Vaccines and Other Pharma Products, Bakery and Confectionary, Fruits and Vegetables and Others), 2016
12.1.3. By Delivery Type (Express and Normal), 2016
12.2. Competitive Benchmarking
12.2.1. Competition Scenario in Singapore Cold Chain Market
12.3. Singapore Cold Chain Market Future Outlook and Projections, 2017-2021
13. Competitive Landscape of Major Players in Singapore Logistics Market
13.1.1. DB Schenker Singapore (Pte) Ltd
13.1.2. DHL, Singapore
13.1.3. FedEx, Singapore
13.1.4. KWE-Kintetsu World Express (S), Pte Ltd
13.1.5. Toll Logistics (Asia) Ltd., Singapore
13.1.6. UPS, Singapore
13.1.7. YCH Group Pte Ltd, Singapore
13.1.8. Yusen Logistics, Singapore
13.1.9. Ceva Logistics, Singapore
13.1.10. Yang Kee Logistics, Singapore
13.1.11. CWT Logistics, Singapore
13.1.12. Singapore Post/SingPost Logistics, Singapore
13.1.13. Agility Logistics, Singapore
14. Salary Structure in Singapore Logistics & Warehousing Industry
15. Pricing Analysis Singapore logistics market
15.1. Pricing Analysis for Singapore
16. GST guide for Singapore logistics service industry
17. Growth Drivers and Trends in Singapore Logistics Market
18. Issues and Challenges in Singapore Logistics and Warehousing Market
19. Government Role in Singapore Logistics Market
19.1. Singapore Master Plan 2030
20. Singapore Logistics and Warehousing Market Future Outlook and Projections, 2017-2021
20.1. By Revenues, 2017-2021
20.2. By Service Mix, 2017-2021
20.3. Analyst Recommendations
21. Macro-Economic Factors affecting Singapore Logistics and Warehousing Market
21.1. Container Port Traffic in Singapore, 2011-2021
21.2. Bunker Sales at Port of Singapore, 2011-2021
21.3. GDP of Singapore, 2011-2021
21.4. Air Transport Freight, 2011-2021
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List of Figure
Figure 1-1: Flow Chart for Singapore Logistics and Warehousing Market, 2016
Figure 5-1: Classification of Logistics Service Providers in Singapore Logistics & Warehousing Industry
Figure 5-2: Value Chain Analysis for Singapore Logistics & Warehousing Market
Figure 6-1: Singapore Logistics & Warehousing Market Size Basis of Revenues in USD Billions, 2011-2016
Figure 7-1: Singapore Logistics & Warehousing Market Segmentation by Types of Services (Freight Forwarding, Warehousing and Value Added Services), on the Basis of Revenues in Percentage (%), 2011-2016
Figure 7-2: Singapore Logistics and Warehousing Market Segmentation by Industry (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others), on the Basis of Revenues in Percentage (%), 2016
Figure 8-1: Singapore Freight Forwarding Industry Market Size on the Basis of Revenues in USD Billion and Growth Rate in Percentage (%), 2011-2016
Figure 8-2: Singapore Freight Forwarding Market Segmentation by Freight Movement (Sea Freight, Air Freight & Land Freight) on the Basis of Revenues in Percentage (%), 2016
Figure 8-3: Singapore Freight Forwarding Market Segmentation by International & Domestic Freight Forwarding on the Basis of Revenues in Percentage (%), 2016
Figure 8-4: Singapore Freight Forwarding Market Segmentation by Major Sea Flow Corridors on the Basis of Revenues in Percentage (%), 2016
Figure 8-5: Singapore Freight Forwarding Market Future Projections on the Basis of Revenue in USD Billion, 2017-2021
Figure 8-6: Singapore Freight Forwarding Market Future Projections by Sea, Air and Land Freight on the Basis of Revenue in USD Billion, 2021
Figure 9-1: Value Chain Analysis of Singapore Express Logistics Market
Figure 9-2: Singapore Express Logistics Market Size on the Basis of Revenues in USD Billion and Growth Rate in Percentage (%), 2011-2016
Figure 9-3: Singapore Express Logistics Market Segmentation by Air & Ground Express on the Basis of Revenues in Percentage (%), 2016
Figure 9-4: Singapore Logistics Market Segmentation by B2B, B2C & C2C on the Basis of Revenues in Percentage (%), 2016
Figure 9-5: Singapore Express Logistics Market Future Projections on the Basis of Revenue in USD Billion, 2017-2021
Figure 9-6: Singapore International and Domestic Express Logistics Future Outlook, 2021
Figure 10-1: Flow Chart for Logistics Services in Singapore
Figure 10-2: Singapore 3PL Market Size on the Basis of Revenues in USD Million and Growth Rate in Percentage (%), 2011-2016
Figure 10-3: Global 3PL Market Segmentation by Geography (North America, Europe, Asia Pacific, South America and ROW) on the Basis of Revenues in Percentage (%), 2016
Figure 10-4: Types of 3PL Relationships
Figure 10-5: Elements of effective 3PL-Customer Relationship
Figure 10-6: Singapore 3PL Market Future Projections on the Basis of Revenue in USD Million, 2017-2021
Figure 11-1:Singapore Warehousing Market Size on the Basis of Revenues in USD Billion and Growth Rate in Percentage (%), 2011-2016
Figure 11-2: Singapore Warehousing Market Segmentation by Industrial & Retail, Container Freight and Cold Storage on the Basis of Revenues in Percentage (%), 2016
Figure 11-3: Singapore Warehousing Market Future Projections on the Basis of Revenues in USD Billion, 2017-2021
Figure 12-1: Singapore Cold Chain Industry Market Size on the Basis of Revenues in USD Million and Growth Rate in Percentage (%), 2011-2016
Figure 12-2: Singapore Cold Chain Market Segmentation by Cold Storage & Cold Chain Transportation Services on the Basis of Revenues in Percentage (%), 2011-2016
Figure 12-3: Singapore Cold Chain Market Segmentation by Product Type (Meat & Seafood, Vaccines & Other Pharmaceutical Products, Bakery & Confectionary, Fruits & Vegetables, Others) on the Basis of Revenues in Percentage (%), 2016
Figure 12-4: Singapore Cold Transport Services Market Segmentation by Delivery Type on the Basis of Revenues in Percentage (%), 2016
Figure 12-5: Singapore Cold Chain Market Future Projections on the Basis of Revenue in USD Billion, 2017-2021
Figure 19-1: Singapore Master Plan 2030
Figure 20-1: Singapore Logistics Market Future Projections on the Basis of Revenue in USD Billion, 2017-2021
Figure 20-2: Singapore Logistics Market Future Outlook and Projections by Service Mix on the Basis of Revenues in Percentage (%), 2017-2021
Figure 21-1: Singapore Container Port Traffic in TEU Thousand, 2011-2021
Figure 21-2: Singapore Bunker Sales Traffic in Thousand Tons, 2011-2021
Figure 21-3: Singapore GDP at Current price in USD Billion, 2011-2021
List of Table
Table 2-1: Correlation Matrix of Singapore Logistics & Warehousing Services Market
Table 2-2: Regression Coefficients Output for Singapore Logistics & Warehousing Services Market
Table 3-1: Key Development in Global Logistics & Warehousing Market, 2011-2016
Table 4-1: Major Airports in Singapore, 2016
Table 4-2: Air Freight Movements at Changi International Airport from the year 2011-16
Table 4-3: Singapore Sea Cargo and Shipping Statistics, for the year 2011-2016
Table 5-1: Classification of Logistics Service Providers in Singapore Logistics & Warehousing Industry
Table 5-2: Major Challenges in the Value Chain of Singapore Logistics & Warehousing Industry
Table 6-1: Recent Industry Activities in Singapore Logistics and Warehousing Market
Table 6-2: Emerging technologies in Singapore Logistics and Warehousing Market, 2016
Table 6-3: Rationale and Description for Singapore Logistics and Warehousing Market and Year-on-Year Developments, 2011-2016
Table 6-4: Key Indicators by Detailed Industry Segments in Transport & Storage Services, Singapore, 2013-2015
Table 6-5: Top 10 Imports, Exports and Trading partners in Singapore Logistics and Warehousing Market 2011-2016
Table 7-1: Singapore Logistics & Warehousing Market Segmentation by Types of Services (Freight Forwarding, Warehousing and Value Added Services) on the Basis of Revenues in USD Billion, 2016
Table 7-2: Singapore Logistics & Warehousing Market Segmentation by Types of Services (Freight Forwarding, Warehousing and Value Added Services), on the Basis of Revenues in USD Billion, 2011-2016
Table 7-3: Singapore Logistics Market Segmentation by Industry (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) on the Basis of Revenues in USD Billion, 2016
Table 8-1: Singapore Freight Forwarding Market Overview, 2011-2016
Table 8-2: Singapore Freight Forwarding Market Segmentation by International & Domestic Freight Forwarding on the Basis of Revenues in USD Billion, 2016
Table 8-3: Singapore Freight Forwarding Market Segmentation by Major Sea Flow Corridors on the Basis of Revenues in USD Billion, 2016
Table 8-4: Trade Flow of Goods from/to Singapore in Terms of Value in USD Million, 2016
Table 8-5: Major Parameters on the basis of which Companies Compete in the Freight Forwarding Market in Singapore
Table 8-6: List of Local Freight Forwarders Registered with Singapore Logistics Association
Table 8-7: Singapore Freight Forwarding Market Future Outlook and Projections, 2017-2021
Table 9-1: Rationale and Description for Singapore Express Logistics Market with Year-on-Year Developments, 2016
Table 9-2: Singapore Express Logistics Market Segmentation by Air & Ground Express on the Basis of Revenues in USD Billion, 2016
Table 9-3: Singapore Express Logistics Market Segmentation by B2B, B2C & C2C Segments on the Basis of Revenues in USD Billion, 2016
Table 9-4: Competition Parameters for the Companies Operating in the Express Logistics Market in Singapore
Table 9-5: Singapore Express Logistics Market Future Outlook and Projections, 2017-2021
Table 9-6: Singapore International and Domestic Express Logistics Future Projections and Outlook, 2021
Table 10-1: Rationale and Description for Singapore 3PL Logistics Market with Year-on-Year Developments, 2016
Table 10-2: Comparison of Singapore 3PL Market with Global 3PL Market on the Basis of Revenues in USD Billion, 2011-2016
Table 10-3: Major Parameters of the Companies for Competing in 3PL Market in Singapore
Table 10-4: List of Major 3PL Players registered with Singapore Logistics Association
Table 10-5: Singapore 3PL Market Future Outlook and Projections, 2017-2021
Table 11-1: Modern Technologies Driving Singapore Warehousing Industry
Table 11-2: Major Warehouses in Singapore, 2016
Table 11-3: Rationale and Description for Singapore Warehousing Market with Year-on-Year Developments, 2011-2016
Table 11-4: Singapore Warehousing Market Segmentation by Industrial & Retail, Container Freight and Cold Storage on the Basis of Revenues in USD Billion, 2016
Table 11-5: Major Parameters of the Companies for Competing in the Warehousing Market in Singapore
Table 11-6: Singapore Warehousing Market Future Outlook and Projections, 2017-2021
Table 12-1: Rationale and Description for Singapore Cold Chain Logistics Market with Year-on-Year Developments, 2016
Table 12-2: Singapore Cold Chain Market Segmentation by Cold Storage & Cold Chain on the Basis of Revenues in USD Billion, 2011-2016
Table 12-3: Singapore Logistics Market Segmentation by Cold Storage & Cold Transport Services on the Basis of Revenues in USD Billion, 2011-2016
Table 12-4: Singapore Cold Chain Segmentation by Product Type (Meat & Seafood, Vaccines & Pharma Products, Bakery & Confectionary, Fruits & Vegetables and Others) on the Basis of Revenues in USD Million, 2016
Table 12-5: Major Singapore Standards for Storage of Products
Table 12-6: Parameters for the Companies Competing in the Cold Chain Logistics Market in Singapore
Table 12-7: Singapore Cold Chain Market Future Outlook and Projections, 2017-2021
Table 14-1: Salary Structure Present in the Supply Chain Logistics in Singapore (In SGD, 2016)
Table 14-2: Salary Structure Present in the Procurement Logistics in Singapore (In SGD, 2016)
Table 15-1: Pricing Analysis of DHL Express and UPS in Singapore 2017 (in USD)
Table 16-1: Singapore Tax Facts
Table 16-2: Zero- Rating provisions in the GST Act applicable to the logistics service industry
Table 16-3: Zero- Rating for Transportation Services
Table 16-4: Zero- Rating for Handling Services
Table 16-5: Zero- Rating for Storage Services
Table 17-1: Growth Drivers and Trends in Singapore Logistics Market
Table 18-1: Major Issues & Challenges in Singapore Logistics Market
Table 19-1: Government Rules, Regulation & Support for the Singapore Logistics & Warehousing Industry
Table 20-1: Singapore Logistics & Warehousing Market Future Outlook and Projections, 2017-2021
Table 21-1: Rationale and Description for Container Port Traffic in Singapore, 2011-2021
Table 21-2: Rationale and Description for Bunker Sales at Port of Singapore, 2011-2021
Table 21-3: Rationale and Description for GDP of Singapore, 2011-2021
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