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Singapore Freight and Logistics Market By Transportation Mode (Air Freight, Sea Freight, Road Freight, Rail Freight) By Logistics Services (Freight Forwarding, Warehousing and Storage, Third-Party Logistics (3PL) Services, other) By Industry Vertical (E-commerce and Retail, Manufacturing, Others) By Technology Integration (Digital and Tech-Driven Logistics, Traditional Logistics) By Specialized Services (Project Cargo Handling, Exhibition and Event Logistics, Other) By Temperature Control (Refrigerated Logistics, Ambient Logistics) By Freight and Cargo Type (General Cargo, Containerized Cargo, Bulk Cargo, Hazardous Materials (Hazmat) Cargo) By Customs and Regulatory Compliance (Customs Brokerage, Compliance Services) – Growth, Future Prospects & Competitive Analysis, 2022 – 2030

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Published: | Report ID: 30428 | Report Format : PDF

Market Insights

  • The  demand for Singapore Freight and Logistics was valued at USD 1154.9 Million in 2022 and is expected to reach USD 1706.3Million in 2030, growing at a CAGR of 5.00% between 2023 and 2030.
  • In 2022, the road freight segment was the largest, and the sea freight business was the fastest-growing.
  • Third-party logistics is predicted to dominate the market in 2022, with freight forwarding accounting for a large chunk of the market.
  • The pharmaceutical and healthcare sectors are expected to grow substantially in the next years, while manufacturing will lead the industry in 2022.
  • The fastest growing segment is digital and tech-driven logistics, and another key industry sector is traditional logistics.
  • The market leader is Project Cargo Handling, while Exhibition and Event Logistics is another significant freight and logistics sector area.
  • Refrigerated Logistics dominates market demand, while Ambient Logistics is the market’s second largest contributor.
  • Containerized Cargo has the largest CAGR in the freight logistics market, and General Cargo is another important component.
  • Customs Brokerage has the largest market share, followed by Compliance Services.
  • Increased logistics outsourcing is largely driving market expansion.
  • High infrastructure costs are a major hindrance to the market.

Singapore Freight and Logistics Market

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Executive Summary

Market Definition

The freight and logistics market refers to the industry that transports and manages items or cargo from one location to another. Transportation, warehousing, inventory management, and supply chain management are all part of it. The freight and logistics market is critical in facilitating the transfer of goods across several locations while also assuring effective and timely delivery. Depending on the nature and requirements of the cargo, it may involve several modes of transportation such as air, sea, road, and rail. Businesses rely on the market to secure the seamless flow of commodities and to meet client needs.

Market Overview

The  Singapore Freight and Logistics Market has been steadily growing in recent years and is predicted to increase at a CAGR of 5.00% between 2023 and 2030. The market was valued at USD 1154.9 million in 2022 and is predicted to reach USD 1706.3 million in 2030.

The freight and logistics market is a dynamic and important sector that is critical to the  economy. It entails transporting, storing, and managing goods and freight across multiple sites. Factors such as increased international trade, ization, e-commerce expansion, and supply chain optimization are driving the industry.

The freight and logistics market is divided into several divisions, which include modes of transportation such as air, sea, road, and rail, as well as warehousing and distribution services. These divisions collaborate to ensure that commodities are moved efficiently from makers to consumers.

Technological innovations have had a significant impact on the sector in recent years, with the adoption of digital platforms, automation, and data analytics enhancing operational efficiency and visibility. Furthermore, environmental and sustainability issues are growing in importance, leading to the development of greener transportation alternatives.

The industry is extremely competitive, with multiple  and regional competitors providing a diverse range of services. Logistics businesses, freight forwarders, shipping lines, trucking companies, and courier services are among the key participants.

Segmentation by Transportation Mode

  • The road freight segment was the largest in 2022. The highways category has expanded in response to rising demand for roadway vehicles to move retail merchandise over large distances, notably in domestic markets.
  • In 2022, the sea freight industry was the fastest-growing segment. Water transport is a kind of transportation that uses ships and boats with the ability to float on water surfaces to convey people, commodities, barges, and freight.

Segmentation by Logistics Services

  • The freight forwarding category is expected to account for a significant proportion of the market due to the rising electronics industry, oil and gas projects, e-commerce, food items, pharmaceutical and biotech, and enhanced infrastructure advancements in the country.
  • Third-party logistics dominated the market in 2022 and is likely to grow at the quickest rate over the forecast period, 2023-2030. Third-party logistics outsources the management of different supply chain operations. The ability of third-party logistics to lower overall distribution and warehousing expenses offers for greater flexibility.

Segmentation by Industry Vertical

  • The pharmaceutical and healthcare sector is predicted to grow rapidly in the next years. Singapore boasts a cutting-edge cold chain distribution network. Cold chain operators are exploring expanding current Singapore facilities to construct a cross-docking facility to more easily transport products around the ASEAN region, which would boost the operating efficiency and prospects of US cold chain firms in the region.
  • The manufacturing sectors dominated the market in 2022 and are predicted to be the fastest-growing sector between 2023 and 2030, as logistics enhance efficiency and production while cutting costs and increasing consumer satisfaction.

Segmentation by Technology Integration

  • Digital and tech-driven logistics is the fastest expanding segment. With technological improvements and an increased desire for efficiency and transparency, digital and tech-driven logistics solutions are gaining traction. These systems use IoT, artificial intelligence, and data analytics to streamline supply chain operations, track shipments in real time, and improve overall logistics management.
  • Another significant market sector is the Traditional Logistics.

Segmentation by Specialized Services

  • Project Cargo Handling is the market leader. Transportation and handling of huge, heavy, and complex goods for industrial projects such as infrastructure development, oil and gas projects, and renewable energy installations are part of this industry. To ensure the safe and effective movement of these unusual shipments, specific equipment, knowledge, and careful preparation are required.
  • Exhibition and Event Logistics is another popular freight and logistics industry category.

Segmentation by Temperature Control

  • Refrigerated Logistics is the market demand governing segment. This category focuses on the transportation and storage of temperature-sensitive goods, such as perishable food, medications, and other things that require precise temperature control.
  • Ambient Logistics is the market’s second most important contributor. This category includes the transportation and storage of commodities that do not require temperature regulation. It comprises a diverse range of products, ranging from non-perishable food to electronics and basic consumer goods.

Segmentation by Freight and Cargo Type

  • Containerized Cargo has the highest CAGR in the freight logistics market. Containerized cargo is defined as items transported in standardized shipping containers that provide convenience, efficiency, and security during the transit process.
  • General Cargo is another key component of the freight logistics market.

Segmentation by Customs and Regulatory Compliance

  • Customs Brokerage has the biggest market share. Customs brokerage services entail managing the customs clearance process for import and export shipments, as well as guaranteeing compliance with customs regulations and supporting the seamless movement of commodities across international borders.
  • Compliance Services is another key business area.

Key Highlights of the Report

The  Singapore Freight and Logistics Market is segmented by Transportation Mode, Logistics Services, Industry Verticals, Technology Integration, Specialized Services, Temperature Control, Freight and Cargo Type, Customs and Regulatory Compliance and region. In 2022, the road freight and third-party logistics category was the largest. Also, digital and tech driven logistics is the fastest growing segment, and Refrigerated Logistics is the market demand ruling segment. In addition, Containerized Cargo has the highest CAGR in the freight logistics market, with Ambient Logistics coming in second.

Increased international trade and cross-border transactions, expanding demand for e-commerce and last-mile delivery services, and advantageous government regulations and incentives for the development of the logistics industry are the key drivers of the market. Furthermore, there is considerable competition among logistics service providers. The key market restraints include rising operational costs, such as fuel prices and labour costs, as well as regulatory constraints and customs complexities.

What Are The Main Drivers Of The  Singapore Freight and Logistics Market?

Several factors influence the Freight and Logistics Market. ization is one of the primary drivers. As the world becomes more interconnected and international trade expands, the demand for efficient freight and logistics services grows. Businesses that are expanding abroad want flawless transportation and on-time delivery of goods, which drives demand in this market. Another cause is the rise of e-commerce. With the advent of online shopping, there is an increased demand for quick and dependable delivery services. This creates an opportunity for the freight and logistics industry to meet the expanding demands of e-commerce clients. As firms seek to match the expectations of online buyers, the sector has seen a boom in demand.

What Are The Major Challenges Faced By The  Singapore Freight and Logistics Market?

While there are factors boosting the Freight and Logistics Market, there are also factors to consider. Rising fuel prices are a major concern for the sector. Fuel price fluctuations can have an influence on logistics company profitability because high fuel costs raise operational expenses. This makes it difficult for businesses to maintain competitive pricing while remaining profitable. Furthermore, regulatory compliance is a constraint. Customs processes, safety standards, and environmental restrictions are all part of the freight and logistics market’s regulations and compliance needs. Compliance with these rules can be difficult and time-consuming, providing hurdles for industrial businesses. Compliance activities necessitate additional resources and may have an impact on operational efficiency.

What Are The Growth Opportunities In The  Singapore Freight and Logistics Market?

The Freight & Logistics Market also offers a number of opportunities for expansion and innovation. Technological developments are critical in this area. Automation, artificial intelligence, and data analytics, for example, can improve operational efficiency, increase supply chain visibility, and optimize route planning. These developments result in cost savings, increased customer satisfaction, and a market competitive advantage.

Market Drivers

The  Singapore Freight and Logistics Market is driven by several factors. The following are the key drivers of the  Singapore Freight and Logistics Market:

Increasing Logistics Outsourcing Is Significantly Driving Market Expansion

During the projection period, logistics organizations are expected to invest more in digital and analytic technology. It is becoming increasingly difficult to distinguish logistics companies from technology providers because they both provide logistics services to end users and use technology to improve warehouse management, procurement, and other operational applications in the supply chain.

In-house logistics is preferred over contract logistics. Contract-based logistics, such as third-party logistics (3PLs) and fourth-party logistics (4PLs), provide shippers with customized services that add value to their supply chain management needs. Thus, increased export-import activities in the country will enhance demand for improved supply chains and logistics, propelling market growth over the projection period.

Market Restraints

The  Singapore Freight and Logistics Market faces some challenges that may hinder its growth. These include the following:

High Infrastructure Expenses Are A Big Impediment To The Market

To ship goods using multimodal transportation, a significant investment in infrastructure is necessary. Investments include the installation of gantry cranes and other heavy-duty cranes required to move cargo at various ports while changing modes of transport. For example, when a container arrives at a seaport, it must be moved on a flatbed, rail, or truck.

Additionally, necessary expenditures in rail and road access are required. For example, a seaport should have a rail line so that trains may deliver products to and from the port. High-value investments are frequently delayed and time-consuming, which has a detrimental influence on market demand. As a result, these factors are projected to limit market growth throughout the forecast period.

Opportunities

The  Singapore Freight and Logistics Market offers significant growth opportunities. These include the following:

Warehouse Management Systems (WMS) Introduce New Business Options

Many organizations do not have a Warehouse Management System (WMS) or have a WMS that lacks functionality like directed put away, connection with a TMS or ERP system, and zone picking. WMS upgrades are projected to expand in the coming years as businesses focus on upgrading these services.

For instance: in May 2020, Manhattan Associates announced a revolutionary Manhattan Active Warehouse Management solution, a cloud-native corporate warehouse management system that combines all distribution factors without requiring any modifications.

Competitive Landscape

Singapore Freight and Logistics Market Report

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Key Players

The  Singapore Freight and Logistics Market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

  • United Parcel Service
  • Deutsche Post DHL Group
  • Singapore Post Limited
  • ACW Logistics Pte Ltd
  • Keppel Logistics Pte Ltd
  • CWT Pte Ltd
  • YCH Group Pte Ltd
  • Yamato Transport
  • Deutsche Post DHL Group
  • DSV
  • Kuehne + Nagel International AG
  • Nippon Express Co. Ltd
  • Expeditors International
  • Yusen Logistics Co. Ltd
  • FedEx Corporation
  • Deutsche Bahn AG
  • Agility Logistics
  • CEVA Logistics*

To remain competitive, these firms prioritize product innovation, Customs and Regulatory Compliance development, and mergers and acquisitions.

The leading players in the  Singapore Freight and Logistics Market strive to keep ahead of the competition by introducing new products and technologies.

May 2023, Nippon Express has announced the acquisition of cargo-partner, an Austrian full-service logistics provider, making it a subsidiary of the Japanese  logistics services company. The agreement was signed on May 12, 2023, and it will go into effect subject to the regular regulatory (anti-trust and FDI) clearances and subsequent close in four to seven months.

April 2023,  DHL Express has teamed with Pick Network, a countrywide parcel locker network operated by Singapore’s Infocomm Media Development Authority, to access its entire locker network in Singapore. DHL clients will be able to pick their items from an additional 1,008 lockers near their homes, in addition to the existing four DHL Express service centres and over 450 service sites across the island.

March 2021, CEVA Logistics, a worldwide logistics and supply chain provider, was granted a two-year in-factory logistics assistance contract by Collins Aerospace in Singapore.

Summary of Key Findings

  • High infrastructure costs are a significant hindrance to the market.
  • Market segmented by Transportation Mode, Logistics Services, Industry Verticals, Technology Integration, Specialized Services, Temperature Control, Freight and Cargo Type, Customs and Regulatory Compliance and region.
  • Refrigerated Logistics dominates market demand
  • Containerized Cargo has the largest CAGR in the freight logistics market
  • The market is highly competitive with key players including United Parcel Service, Deutsche Post DHL Group, Singapore Post Limited, ACW Logistics Pte Ltd, Keppel Logistics Pte Ltd and CWT Pte Ltd

Future Outlook

  • Continued expansion is being fueled by increased trade and e-commerce.
  • Use of sophisticated technology such as automation and data analytics.
  • Emphasize sustainability and environmentally friendly transportation options.
  • An increase in the need for last-mile delivery services.
  • Supply chain network expansion to access new markets.
  • Priority is placed on supply chain resilience and risk management.
  • Use of blockchain technology to improve transparency and security.
  • Transition to digital platforms and e-commerce logistics.

Segmentation

  • By Transportation Mode:
    • Air Freight
    • Sea Freight
    • Road Freight
    • Rail Freight
  • By Logistics Services:
    • Freight Forwarding
    • Warehousing and Storage
    • Third-Party Logistics (3PL) Services
    • Cold Chain Logistics
    • Last-Mile Delivery
  • By Industry Vertical:
    • E-commerce and Retail
    • Manufacturing
    • Pharmaceutical and Healthcare
    • Automotive
    • Aerospace
    • Oil and Gas
    • Chemicals
  • By Technology Integration:
    • Digital and Tech-Driven Logistics
    • Traditional Logistics
  • By Specialized Services:
    • Project Cargo Handling
    • Exhibition and Event Logistics
    • Fine Art and Antiques Logistics
  • By Temperature Control:
    • Refrigerated Logistics
    • Ambient Logistics
  • By Freight and Cargo Type:
    • General Cargo
    • Containerized Cargo
    • Bulk Cargo
    • Hazardous Materials (Hazmat) Cargo
  • By Customs and Regulatory Compliance:
    • Customs Brokerage
    • Compliance Services

CHAPTER NO. 1 : INTRODUCTION 14
1.1.1. Report Description 14
Purpose of the Report 14
USP & Key Offerings 14
1.1.2. Key Benefits for Stakeholders 14
1.1.3. Target Audience 15
1.1.4. Report Scope 15
CHAPTER NO. 2 : EXECUTIVE SUMMARY 16
2.1. Freight and Logistics Market Snapshot 16
2.1.1. Singapore Freight and Logistics Market, 2018 – 2032 ((USD Million) 18
2.2. Insights from Primary Respondents 18
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 19
3.1. Russia-Ukraine and Israel-Palestine War Impacts 19
CHAPTER NO. 4 : FREIGHT AND LOGISTICS MARKET – INDUSTRY ANALYSIS 20
4.1. Introduction 20
4.2. Market Drivers 21
4.2.1. Driving Factor 1 Analysis 21
4.2.2. Driving Factor 2 Analysis 22
4.3. Market Restraints 23
4.3.1. Restraining Factor Analysis 23
4.4. Market Opportunities 24
4.4.1. Market Opportunity Analysis 24
CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 25
5.1. Company Market Share Analysis – 2023 25
5.1.1. Singapore Freight and Logistics Market: Company Market Share, by Revenue, 2023 25
5.1.2. Singapore Freight and Logistics Market: Company Market Share, by Revenue, 2023 26
5.1.3. Singapore Freight and Logistics Market: Top 6 Company Market Share, by Revenue, 2023 26
5.1.4. Singapore Freight and Logistics Market: Top 3 Company Market Share, by Revenue, 2023 27
5.2. Singapore Freight and Logistics Market Company Revenue Market Share, 2023 28
5.3. Singapore Air Freight and Logistics Market Company Revenue Market Share, 2023 29
5.4. Singapore Road Freight and Logistics Market Company Revenue Market Share, 2023 29
5.5. Singapore Water Freight and Logistics Market Company Revenue Market Share, 2023 30
CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 31
6.1. PESTEL 31
6.1.1. Political Factors 31
6.1.2. Economic Factors 31
6.1.3. Social Factors 31
6.1.4. Technological Factors 31
6.1.5. Environmental Factors 31
6.1.6. Legal Factors 31
CHAPTER NO. 7 : FREIGHT AND LOGISTICS MARKET – BY TRANSPORTATION MODE SEGMENT ANALYSIS 32
7.1. Freight and Logistics Market Overview, by Transportation Mode Segment 32
7.1.1. Freight and Logistics Market Revenue Share, By Transportation Mode, 2023 & 2032 33
7.1.2. Freight and Logistics Market Attractiveness Analysis, By Transportation Mode 34
7.1.3. Incremental Revenue Growth Opportunity, by Transportation Mode, 2024 – 2032 34
7.1.4. Freight and Logistics Market Revenue, By Transportation Mode, 2018, 2023, 2027 & 2032 35
7.2. Roadways 36
7.3. Railways 37
7.4. Waterways 38
CHAPTER NO. 8 : FREIGHT AND LOGISTICS MARKET – BY SERVICES SEGMENT ANALYSIS 39
8.1. Freight and Logistics Market Overview, by Services Segment 39
8.1.1. Freight and Logistics Market Revenue Share, By Services, 2023 & 2032 40
8.1.2. Freight and Logistics Market Attractiveness Analysis, By Services 41
8.1.3. Incremental Revenue Growth Opportunity, by Services, 2024 – 2032 41
8.1.4. Freight and Logistics Market Revenue, By Services, 2018, 2023, 2027 & 2032 42
8.2. Freight Forwarding 43
8.3. Warehousing and Storage 44
8.4. Third-Party Logistics 45
8.5. Cold Chain Logistics 46
8.6. Last-Mile Delivery 47
CHAPTER NO. 9 : FREIGHT AND LOGISTICS MARKET – BY END-USER SEGMENT ANALYSIS 48
9.1. Freight and Logistics Market Overview, by End-user Segment 48
9.1.1. Freight and Logistics Market Revenue Share, By End-user, 2023 & 2032 49
9.1.2. Freight and Logistics Market Attractiveness Analysis, By End-user 50
9.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 50
9.1.4. Freight and Logistics Market Revenue, By End-user, 2018, 2023, 2027 & 2032 51
9.2. Agriculture 52
9.3. Manufacturing 53
9.4. Pharmaceutical and Healthcare 54
9.5. Automotive 55
9.6. Aerospace 56
9.7. Oil and Gas 56
9.8. Chemicals 56
9.9. Others 56
CHAPTER NO. 10 : FREIGHT AND LOGISTICS MARKET – BY TEMPERATURE CONTROL SEGMENT ANALYSIS 57
10.1. Freight and Logistics Market Overview, by Temperature Control Segment 57
10.1.1. Freight and Logistics Market Revenue Share, By Temperature Control, 2023 & 2032 58
10.1.2. Freight and Logistics Market Attractiveness Analysis, By Temperature Control 59
10.1.3. Incremental Revenue Growth Opportunity, by Temperature Control, 2024 – 2032 59
10.1.4. Freight and Logistics Market Revenue, By Temperature Control, 2018, 2023, 2027 & 2032 60
10.2. Refrigerated Logistics 61
10.3. Ambient Logistics 62
CHAPTER NO. 11 : COMPANY PROFILES 63
11.1. PSA International 63
11.1.1. Company Overview 63
11.1.2. Product Portfolio 63
11.1.3. Financial Overview 63
11.2. Changi Airport Group (CAG) 64
11.3. Singapore Airlines Cargo 64
11.4. Jurong Port 64
11.5. APL (American President Lines) 64
11.6. Maersk Line 64
11.7. DHL Express 64
11.8. FedEx Express 64
11.9. UPS Airlines 64
11.10. YCH Group 64
11.11. Toll Group 64
11.12. Kerry Logistics 64
11.13. CWT Limited 64
11.14. SATS Ltd. 64
11.15. Ninja Van 64
CHAPTER NO. 12 : RESEARCH METHODOLOGY 65
12.1. Research Methodology 65
12.1.1. Phase I – Secondary Research 66
12.1.2. Phase II – Data Modeling 66
Company Share Analysis Model 67
Revenue Based Modeling 67
12.1.3. Phase III – Primary Research 68
12.1.4. Research Limitations 69
Assumptions 69

List of Figures

FIG NO. 1. Singapore Freight and Logistics Market Revenue, 2018 – 2032 ((USD Million) 18
FIG NO. 2. Company Share Analysis, 2023 25
FIG NO. 3. Company Share Analysis, 2023 26
FIG NO. 4. Company Share Analysis, 2023 26
FIG NO. 5. Company Share Analysis, 2023 27
FIG NO. 6. Freight and Logistics Market – Company Revenue Market Share, 2023 28
FIG NO. 7. Air Freight and Logistics Market – Company Revenue Market Share, 2023 29
FIG NO. 8. Road Freight and Logistics Market – Company Revenue Market Share, 2023 29
FIG NO. 9. Water Freight and Logistics Market – Company Revenue Market Share, 2023 30
FIG NO. 10. Freight and Logistics Market Revenue Share, By Transportation Mode, 2023 & 2032 33
FIG NO. 11. Market Attractiveness Analysis, By Transportation Mode 34
FIG NO. 12. Incremental Revenue Growth Opportunity by Transportation Mode, 2024 – 2032 34
FIG NO. 13. Freight and Logistics Market Revenue, By Transportation Mode, 2018, 2023, 2027 & 2032 35
FIG NO. 14. Singapore Freight and Logistics Market for Roadways, Revenue (USD Million) 2018 – 2032 36
FIG NO. 15. Singapore Freight and Logistics Market for Railways, Revenue (USD Million) 2018 – 2032 37
FIG NO. 16. Singapore Freight and Logistics Market for Waterways, Revenue (USD Million) 2018 – 2032 38
FIG NO. 17. Freight and Logistics Market Revenue Share, By Services, 2023 & 2032 40
FIG NO. 18. Market Attractiveness Analysis, By Services 41
FIG NO. 19. Incremental Revenue Growth Opportunity by Services, 2024 – 2032 41
FIG NO. 20. Freight and Logistics Market Revenue, By Services, 2018, 2023, 2027 & 2032 42
FIG NO. 21. Singapore Freight and Logistics Market for Freight Forwarding, Revenue (USD Million) 2018 – 2032 43
FIG NO. 22. Singapore Freight and Logistics Market for Warehousing and Storage, Revenue (USD Million) 2018 – 2032 44
FIG NO. 23. Singapore Freight and Logistics Market for Third-Party Logistics, Revenue (USD Million) 2018 – 2032 45
FIG NO. 24. Singapore Freight and Logistics Market for Cold Chain Logistics, Revenue (USD Million) 2018 – 2032 46
FIG NO. 25. Singapore Freight and Logistics Market for Last-Mile Delivery, Revenue (USD Million) 2018 – 2032 47
FIG NO. 26. Freight and Logistics Market Revenue Share, By End-user, 2023 & 2032 49
FIG NO. 27. Market Attractiveness Analysis, By End-user 50
FIG NO. 28. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 50
FIG NO. 29. Freight and Logistics Market Revenue, By End-user, 2018, 2023, 2027 & 2032 51
FIG NO. 30. Singapore Freight and Logistics Market for Agriculture, Revenue (USD Million) 2018 – 2032 52
FIG NO. 31. Singapore Freight and Logistics Market for Manufacturing, Revenue (USD Million) 2018 – 2032 53
FIG NO. 32. Singapore Freight and Logistics Market for Pharmaceutical and Healthcare, Revenue (USD Million) 2018 – 2032 54
FIG NO. 33. Singapore Freight and Logistics Market for Automotive, Revenue (USD Million) 2018 – 2032 55
FIG NO. 34. Singapore Freight and Logistics Market for Aerospace, Revenue (USD Million) 2018 – 2032 56
FIG NO. 35. Freight and Logistics Market Revenue Share, By Temperature Control, 2023 & 2032 58
FIG NO. 36. Market Attractiveness Analysis, By Temperature Control 59
FIG NO. 37. Incremental Revenue Growth Opportunity by Temperature Control, 2024 – 2032 59
FIG NO. 38. Freight and Logistics Market Revenue, By Temperature Control, 2018, 2023, 2027 & 2032 60
FIG NO. 39. Singapore Freight and Logistics Market for Refrigerated Logistics, Revenue (USD Million) 2018 – 2032 61
FIG NO. 40. Singapore Freight and Logistics Market for Ambient Logistics, Revenue (USD Million) 2018 – 2032 62
FIG NO. 41. Research Methodology – Detailed View 65
FIG NO. 42. Research Methodology 66

List of Tables
TABLE NO. 1. : Singapore Freight and Logistics Market: Snapshot 16
TABLE NO. 2. : Drivers for the Freight and Logistics Market: Impact Analysis 21
TABLE NO. 3. : Restraints for the Freight and Logistics Market: Impact Analysis 23

What is the current size of the Singapore Freight and Logistics Market?

The Singapore Freight and Logistics Market was valued at USD 1154.9 Million in 2022.

What is the expected growth rate of the Singapore Freight and Logistics Market between 2023 and 2030?

The Singapore Freight and Logistics Market is expected to grow at a CAGR of 5.00% between 2023 and 2030, reaching USD 1706.3Million in 2030.

Which segment is leading the market share in terms of Logistics Services?

Third-party logistics is predicted to dominate the market in 2022.

Which Temperature Control segment governs the demand for Singapore Freight and Logistics?

Refrigerated Logistics dominates market demand.

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