Singapore 3PL Market 2023-2027

3PL Market in Singapore 2023-2027

Technavio has been monitoring the 3PL market in Singapore and is forecast to grow by $1359.79 mn during 2022-2027, accelerating at a CAGR of 6.1% during the forecast period. Our report on the 3PL market in Singapore provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing import-export activity on sea lanes, increasing last-mile delivery services, and a strong presence of distribution networks.

Technavio's 3PL market in Singapore is segmented as below:

By Service

• Transportation
• Warehousing and distribution
• Value-added services

By End-user

• Manufacturing
• Automotive
• Consumer goods
• Food and beverage
• Others

This study identifies technological advancements as one of the prime reasons driving the 3PL market growth during the next few years. Also, the high demand for cold storage facilities and the growing global e-commerce industry will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the 3PL market in Singapore covers the following areas:

• 3PL market sizing
• 3PL market forecast
• 3PL market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 3PL market vendors that include Agility Public Warehousing Co. K.S.C.P, Bertschi AG, CEVA Logistics AG, CWT Pte. Ltd., DB Schenker, Deutsche Post AG, GEODIS SA, Kuehne Nagel Management AG, MXHL Pte Ltd., Naigai Nitto Singapore Pte Ltd., Ninja Van Group, Nippon Express Holdings Inc., Rhenus SE and Co. KG, SDR LOGISTICS PTE. LTD., Singapore Post Ltd., Toll Holdings Ltd., United Parcel Service Inc., Whitebox Pte Ltd., XPO Logistics Inc., and Yang Kee Logistics Pte. Ltd. Also, the 3PL market in Singapore analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.