Singapore Freight & Logistics Market Study Market Trends, Analysis & Forecasts to 2023 – ResearchAndMarkets.com

17-Apr-2018 Intellasia | BusinessWire | 5:01 AM Print This Post

DUBLIN–(BUSINESS WIRE)–The “Singapore
Freight & Logistics Market Study – Market Trends, Analysis & Forecasts
to 2023″
report has been added to ResearchAndMarkets.com’s
offering.

The Singapore freight & logistics market is expected to reach a market
value of USD 114.81 billion by 2023.

Singapore is a major international trading hub due to its centralized
position in Southeast Asia. The country is positioned as a global
transshipment hub. As such, the logistics industry is expected to grow
over the forecast period with continued higher contribution of logistics
sector to the overall GDP of the country. Singapore Changi Airport had
recorded a strong performance in 2016, with air freight throughput
increasing by 6.3% to reach a new high of 1.97 million metric ton.

With the speedy growth of e-commerce in Southeast Asia, many online
stores are expected to prioritize last-mile delivery services,
considering it as the part of the business strategy. Because last-mile
delivery service is often a company’s first point attraction for its
customer. Additionally, having a smooth and efficient last-mile
fulfillment will enable e-commerce companies to build stronger levels of
trust and brand loyalty with its rapidly expanding consumer markets.

There is trend growing among multi-nationals to elect Singapore as their
regional headquarter. The country is leveraging its geocentric
positioning within Southeast Asia by presenting itself as a distribution
hub for the regional market. There is also an increasing focus around
innovation and technology-enabled logistics solutions, due to the higher
level of labor costs in Singapore and the need to keep its competitive
edge against neighboring countries.

Companies Mentioned

  • DB Schenker
  • DHL
  • Yusen Logistics
  • C & P Holdings PTE Ltd
  • YCH Group PTE Ltd
  • Ceva

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Dynamics

4. Singapore Freight & logistics Market Insights, by Mode of Freight
Transport Forecast

5. Singapore Freight & Logistics Market Insights, by Function Forecast

6. Singapore Freight & Logistics Market Insights, by End User Forecast

7. Key Company Players

8. Investment Outlook

9. Appendix

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/7gkfq8/singapore_freight?w=4

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ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
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Related
Topics: Logistics

 


Category: BusinessWire, PRAsia

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