3PL market in Singapore 2023-2027; A descriptive analysis of five forces model, market dynamics, and segmentation- Technavio

NEW YORK, Jan. 4, 2023 /PRNewswire/ — According to Technavio, the 3PL market size in Singapore is estimated to grow by USD 1,359.79 million from 2023 to 2027. The market is estimated to grow at a CAGR of  6.1% during the forecast period. However, the growth momentum will progressing. 

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3PL market in Singapore – Five forces

The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

3PL market in Singapore – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

3PL market in Singapore – Segmentation assessment

Segment overview

Technavio has segmented the market based on service (Transportation, Warehousing and distribution, and Value-added services) and end-user (Manufacturing, Automotive, Consumer goods, Food and beverage, and Others). 

• The transportation segment will contribute significantly to the growth of the global market during the forecast period. The category for transportation services in the 3pl market in Singapore includes a variety of ways to carry goods, including road, rail, air, and sea. The processes for transporting cargo and freight are usually outsourced by the businesses because they demand a substantial amount of capital and technical know-how and raise their overhead expenses. Many contract 3PL suppliers offer prompt and effective freight delivery, giving businesses an advantage over rivals in the industry. Freight forwarding, project logistics, network design, cargo insurance, optimization, and customs brokerage are other services provided by the 3pl services industry.  Such factors will increase segment growth during the forecast period.

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3PL market in Singapore – Market dynamics

Key factor driving market growth

• The major factor driving the growth of the 3pl market in Singapore is the increase in the import and export of raw materials for food and mass products. 
• According to the International Chamber of Shipping, about 11 billion tons of goods are transported on ships every year. Globalization has led to a significant increase in trade around the world.
• Machinery and transport equipment and petroleum are Singapore’s major imports, while refined petroleum products are its largest exports. China, the United States, Indonesia, Malaysia, and Japan are the most important trading partners.
• In addition, the development of foreign markets can give a further boost to the industry. As manufacturers see 3PL as a low-cost solution for importing and exporting goods, the  3PL usage market will gain significant traction during the forecast period.

Leading trends influencing the market 

• Technology advancement bolstering market growth is the primary trend in the 3PL market growth in Singapore. 
• Industries are moving to increasingly advanced technology to improve the productivity of their operations.
• Today, advanced tools include the use of artificial intelligence, machine learning, technology platforms, and robotics across all execution functions, all of which effectively expand the processing capabilities of individual team members.  
• 3PLs face constant supply chain challenges and labor constraints, thereby adopting automation and robotic technologies to streamline operations throughout the lifecycle.
• Thus, with the increased adoption of technology in logistics, the 3pl market in Singapore is expected to witness high growth during the forecast period.

Major challenges hindering the market growth

• High operating costs are a major challenge for the growth of Singapore’s 3PL market. 
• Logistics companies, including 3pl service providers, are struggling due to rising fuel costs. Because fuel costs are a large part of logistics companies’ operating costs, high fuel costs can quickly reduce a company’s revenue.
• The logistics industry has become highly competitive in terms of service pricing due to the growth in demand for Value Added Services (VAS) and specialized professional supply chain solutions in the logistics market.
• The rise in fuel prices will increase operating costs. Market providers are under constant pressure from customers to keep prices low. Thus, the high cost associated with 3pl services may hinder the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this 3PL market in Singapore report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the 3PL Market In Singapore between 2023 and 2027
• Precise estimation of the size of the 3PL market in Singapore size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the 3PL market in Singapore industry across Singapore
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the 3PL market in Singapore vendors

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Table of contents

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on Singapore – Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on Singapore – Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on Singapore: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Singapore: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 3PL market in Singapore 2017 – 2021 
• Exhibit 15: Historic Market Size – Data Table on 3PL market in Singapore 2017 – 2021 ($ million)

• 4.2 Service Segment Analysis 2017 – 2021 
• Exhibit 16: Historic Market Size – Service Segment 2017 – 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 – 2021 
• Exhibit 17: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments
• Exhibit 25: Chart on Service – Market share 2022-2027 (%)
• Exhibit 26: Data Table on Service – Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 27: Chart on Comparison by Service
• Exhibit 28: Data Table on Comparison by Service

• 6.3 Transportation – Market size and forecast 2022-2027 
• Exhibit 29: Chart on Transportation – Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Transportation – Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Transportation – Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Transportation – Year-over-year growth 2022-2027 (%)

• 6.4 Warehousing and distribution – Market size and forecast 2022-2027 
• Exhibit 33: Chart on Warehousing and distribution – Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Warehousing and distribution – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Warehousing and distribution – Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Warehousing and distribution – Year-over-year growth 2022-2027 (%)

• 6.5 Value-added services – Market size and forecast 2022-2027 
• Exhibit 37: Chart on Value-added services – Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Value-added services – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Value-added services – Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Value-added services – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Service 
• Exhibit 41: Market opportunity by Service ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 42: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 43: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 44: Chart on Comparison by End-user
• Exhibit 45: Data Table on Comparison by End-user

• 7.3 Manufacturing – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Manufacturing – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)

• 7.4 Automotive – Market size and forecast 2022-2027 
• Exhibit 50: Chart on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Automotive – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

• 7.5 Consumer goods – Market size and forecast 2022-2027 
• Exhibit 54: Chart on Consumer goods – Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Data Table on Consumer goods – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Chart on Consumer goods – Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Consumer goods – Year-over-year growth 2022-2027 (%)

• 7.6 Food and beverage – Market size and forecast 2022-2027 
• Exhibit 58: Chart on Food and beverage – Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Data Table on Food and beverage – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Chart on Food and beverage – Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on Food and beverage – Year-over-year growth 2022-2027 (%)

• 7.7 Others – Market size and forecast 2022-2027 
• Exhibit 62: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 66: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 68: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 69: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 70: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 71: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 72: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 73: Matrix on vendor position and classification

• 11.3 Agility Public Warehousing Co. K.S.C.P 
• Exhibit 74: Agility Public Warehousing Co. K.S.C.P – Overview
• Exhibit 75: Agility Public Warehousing Co. K.S.C.P – Business segments
• Exhibit 76: Agility Public Warehousing Co. K.S.C.P – Key news
• Exhibit 77: Agility Public Warehousing Co. K.S.C.P – Key offerings
• Exhibit 78: Agility Public Warehousing Co. K.S.C.P – Segment focus

• 11.4 CEVA Logistics AG
• Exhibit 79: CEVA Logistics AG – Overview
• Exhibit 80: CEVA Logistics AG – Business segments
• Exhibit 81: CEVA Logistics AG – Key news
• Exhibit 82: CEVA Logistics AG – Key offerings
• Exhibit 83: CEVA Logistics AG – Segment focus

• 11.5 CWT Pte. Ltd.
• Exhibit 84: CWT Pte. Ltd. – Overview
• Exhibit 85: CWT Pte. Ltd. – Product / Service
• Exhibit 86: CWT Pte. Ltd. – Key offerings

• 11.6 DB Schenker
• Exhibit 87: DB Schenker – Overview
• Exhibit 88: DB Schenker – Business segments
• Exhibit 89: DB Schenker – Key offerings
• Exhibit 90: DB Schenker – Segment focus

• 11.7 Deutsche Post AG
• Exhibit 91: Deutsche Post AG – Overview
• Exhibit 92: Deutsche Post AG – Business segments
• Exhibit 93: Deutsche Post AG – Key news
• Exhibit 94: Deutsche Post AG – Key offerings
• Exhibit 95: Deutsche Post AG – Segment focus

• 11.8 GEODIS SA
• Exhibit 96: GEODIS SA – Overview
• Exhibit 97: GEODIS SA – Product / Service
• Exhibit 98: GEODIS SA – Key offerings

• 11.9 Kuehne Nagel Management AG 
• Exhibit 99: Kuehne Nagel Management AG – Overview
• Exhibit 100: Kuehne Nagel Management AG – Business segments
• Exhibit 101: Kuehne Nagel Management AG – Key news
• Exhibit 102: Kuehne Nagel Management AG – Key offerings
• Exhibit 103: Kuehne Nagel Management AG – Segment focus

• 11.10 MXHL Pte Ltd.
• Exhibit 104: MXHL Pte Ltd. – Overview
• Exhibit 105: MXHL Pte Ltd. – Product / Service
• Exhibit 106: MXHL Pte Ltd. – Key offerings

• 11.11 Naigai Nitto Singapore Pte Ltd. 
• Exhibit 107: Naigai Nitto Singapore Pte Ltd. – Overview
• Exhibit 108: Naigai Nitto Singapore Pte Ltd. – Product / Service
• Exhibit 109: Naigai Nitto Singapore Pte Ltd. – Key offerings

• 11.12 Nippon Express Holdings Inc. 
• Exhibit 110: Nippon Express Holdings Inc. – Overview
• Exhibit 111: Nippon Express Holdings Inc. – Business segments
• Exhibit 112: Nippon Express Holdings Inc. – Key offerings
• Exhibit 113: Nippon Express Holdings Inc. – Segment focus

• 11.13 SDR LOGISTICS PTE. LTD. 
• Exhibit 114: SDR LOGISTICS PTE. LTD. – Overview
• Exhibit 115: SDR LOGISTICS PTE. LTD. – Product / Service
• Exhibit 116: SDR LOGISTICS PTE. LTD. – Key offerings

• 11.14 Singapore Post Ltd. 
• Exhibit 117: Singapore Post Ltd. – Overview
• Exhibit 118: Singapore Post Ltd. – Business segments
• Exhibit 119: Singapore Post Ltd. – Key offerings
• Exhibit 120: Singapore Post Ltd. – Segment focus

• 11.15 Toll Holdings Ltd.
• Exhibit 121: Toll Holdings Ltd. – Overview
• Exhibit 122: Toll Holdings Ltd. – Product / Service
• Exhibit 123: Toll Holdings Ltd. – Key offerings

• 11.16 United Parcel Service Inc. 
• Exhibit 124: United Parcel Service Inc. – Overview
• Exhibit 125: United Parcel Service Inc. – Business segments
• Exhibit 126: United Parcel Service Inc. – Key offerings
• Exhibit 127: United Parcel Service Inc. – Segment focus

• 11.17 XPO Logistics Inc.
• Exhibit 128: XPO Logistics Inc. – Overview
• Exhibit 129: XPO Logistics Inc. – Business segments
• Exhibit 130: XPO Logistics Inc. – Key offerings
• Exhibit 131: XPO Logistics Inc. – Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 132: Inclusions checklist
• Exhibit 133: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 134: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 12.5 List of abbreviations 
• Exhibit 138: List of abbreviations

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