The Singapore third-party logistics (3PL) market size reached approximately USD 2.70 Billion in 2024. The market is projected to grow at a CAGR of 6.40% between 2025 and 2034, reaching a value of around USD 5.02 Billion by 2034.
Singapore's strategic location as a central trading hub, presence of state-of-the-art infrastructure, and business-friendly environment are transforming the country into a robust logistics market. Moreover, the country's third-party logistics (3PL) providers are playing a key role in supporting its reputation as a regional business hub. The presence of a tech-savvy population, with a high penetration of the internet of over 95%, and an increasing young demographic is contributing to the expansion of the e-commerce sector. This is further leading to the Singapore third-party logistics (3PL) market expansion, as e-commerce companies outsource their logistics operations to 3PL providers.
Singapore is witnessing an increasing volume of cross-border trade, creating opportunities for 3PL companies to provide value-added services such as customs clearance and freight forwarding. From January to March 2024, Singapore Changi Airport registered 475,000 tonne airfreight throughput stating an increase of 14% as compared to the same period in 2023. Air freight provides the quickest shipping times, with efficient safety and security, thereby increasing its adoption.
It is estimated that by 2028, the online retail share will grow to 25.6%, as Singaporean customers are increasingly turning towards online channels for shopping purposes. The significant shift in consumer behaviour is pushing businesses to adopt a robust e-commerce strategy, further contributing to the Singapore third-party logistics (3PL) market growth.
Singapore's strategic location as a central trading hub, presence of state-of-the-art infrastructure, and business-friendly environment are transforming the country into a robust logistics market. Moreover, the country's third-party logistics (3PL) providers are playing a key role in supporting its reputation as a regional business hub. The presence of a tech-savvy population, with a high penetration of the internet of over 95%, and an increasing young demographic is contributing to the expansion of the e-commerce sector. This is further leading to the Singapore third-party logistics (3PL) market expansion, as e-commerce companies outsource their logistics operations to 3PL providers.
Singapore is witnessing an increasing volume of cross-border trade, creating opportunities for 3PL companies to provide value-added services such as customs clearance and freight forwarding. From January to March 2024, Singapore Changi Airport registered 475,000 tonne airfreight throughput stating an increase of 14% as compared to the same period in 2023. Air freight provides the quickest shipping times, with efficient safety and security, thereby increasing its adoption.
It is estimated that by 2028, the online retail share will grow to 25.6%, as Singaporean customers are increasingly turning towards online channels for shopping purposes. The significant shift in consumer behaviour is pushing businesses to adopt a robust e-commerce strategy, further contributing to the Singapore third-party logistics (3PL) market growth.
Market Segmentation
Singapore Third-Party Logistics (3PL) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Service
- Dedicated Contract Carriage (DCC)
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing and Distribution
- Value Added Logistic Services (VALs)
Market Breakup by Transport
- Railways
- Roadways
- Waterways
- Airways
Market Breakup by End Use
- Retail
- Healthcare
- Manufacturing
- Automotive
- Others
Competitive Landscape
Major 3PL companies in the country are offering a variety of services with advanced technologies, ensuring efficient and reliable operation- CWT Pte. Limited
- Singapore Post Ltd.
- Schenker AG
- Kuehne + Nagel International AG
- Deutsche Post AG (DHL)
- YCH Group Pte. Ltd.
- CEVA Logistics S.A
- Nippon Express Holdings Inc
- Toll Holdings Limited
- GEODIS S.A. (Keppel Logistics)
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Asia Pacific Third-Party Logistics (3PL) Market Overview
6 Singapore Third-Party Logistics (3PL) Market Overview
7 Singapore Third-Party Logistics (3PL) Market by Service
8 Singapore Third-Party Logistics (3PL) Market by Transport
9 Singapore Third-Party Logistics (3PL) Market by End Use
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- CWT Pte. Limited
- Singapore Post Ltd.
- Schenker AG
- Kuehne + Nagel International AG
- Deutsche Post AG (DHL)
- YCH Group Pte. Ltd.
- CEVA Logistics S.A.
- Nippon Express Holdings Inc.
- Toll Holdings Limited
- GEODIS S.A. (Keppel Logistics)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 99 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 2.7 Billion |
| Forecasted Market Value ( USD | $ 5.02 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Singapore |
| No. of Companies Mentioned | 10 |
