The Report Cube which is one of the leading market research company in UAE expects the Singapore Third Party Logistics (3PL) Market to grow at a CAGR of around 3.47% through 2032, as highlighted in their latest research report. The study provides an in-depth analysis of the emerging trends shaping the Singapore Third Party Logistics (3PL) Market and offers detailed forecasts for its potential growth during 2025–2032. The report also presents a comprehensive assessment of the competitive landscape, including profiles of leading players, their performance metrics, and recent strategic developments. Additionally, it explores the key market drivers, challenges, opportunities, and provides insights into historical and future revenue trends at the global, regional, and country levels.
Singapore Third Party Logistics (3PL) Market Overview:
Market Size (2025): USD 5.59 billion
Market Size (2032): USD 7.1 billion
CAGR (2025–2032): 3.47%
Top Companies in Singapore Third Party Logistics (3PL) Market: Deutsche Post (DHL)m Nippon Express, C.H. Robinson, Kuehne + Nagel International, FedEx, DB Schenker, DSV, Geodis, United Parcel Service of America (UPS), Others.
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Singapore Third Party Logistics (3PL) Market Recent News and Developments:
2024: DB Schenker, the logistics division of Deutsche Bahn, was settled to be attained by DSV for nearly USD 15.85 billion. DSV is now a top global logistics provider due to this purchase, outdoing competitors in terms of volume & income. Once regulatory permissions are obtained, the purchase is projected to be settled by the second quarter of 2025.
2024: In a significant USD 15.85 billion transaction, DSV acquired DB Schenker, indicating a key consolidation in the global logistics sector.
Key Growth Drivers of the Singapore Third Party Logistics (3PL) Market:
Factors Influencing the Singapore Third-Party Logistics (3PL) Market
A flourishing e-commerce sector to upsurge the Singapore market's requirement for 3PL services. With the uptake of online shopping, enterprises are seeking efficient solutions for order fulfillment, warehousing, and last-mile delivery. 3PL businesses are utilizing modern supply chain management, AI-driven logistics, and automation to gratify increasing consumer demands.
Singapore Third Party Logistics (3PL) Market Segmentation
The logistics market is segmented by services into domestic and international transportation management, warehousing and distribution, and value-added services. By end-user, it serves consumer and retail sectors, healthcare and pharmaceuticals, oil, gas, petrochemicals, and other industries. Solutions include transportation management, warehousing and distribution, dedicated contract carriage (DCC), logistics software, and other support services. Competitive dynamics are shaped by key players’ revenue shares, service capabilities, and technological adoption across the supply chain.
- Market Share, By Service
- Domestic Transportation Management
- International Transportation Management
- Warehousing & Distribution
- Value-Added Services & Others
- Market Share, By End-user
- Consumer & Retail (E-commerce, Apparel, Garment Sectors, Perishables, etc.)
- Healthcare & Pharmaceuticals
- Oil & Gas, Petrochemicals & Chemicals
- Others
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- Market Share, By Solution
- Transportation Management
- Warehousing & Distribution
- Dedicated Contract Carriage (DCC)
- Logistics software
- Others (Financial, Information, etc.)
- Market Share, By Competitors
- Competition Characteristics
- Revenue Shares
Note:
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About The Report Cube
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