Singapore Third Party Logistics (3PL) Market Report and Forecast 2032

Singapore Third Party Logistics (3PL) Market Insights & Analysis

The Singapore Third Party Logistics (3PL) Market reached a value of nearly USD 5.59 billion in 2025. The market is assessed to grow at a CAGR of around 3.47%, during the forecast period of 2025-2032 to attain a value of around USD 7.1 billion in 2032. Singapore's manufacturers & exports greatly rely on foreign content, making it a key competitor across regional & global supply chains due to the expansion of highly varied cross-border production. Owing to its status as a regional center, producers favor Singapore since it provides them access to the country's top shippers & third-party logistics providers (3PLs). To coordinate their regional & international supply chains, manufacturing companies locate their supply chain control towers & distribution centers in Singapore.

Moreover, one of the key drivers of the Singapore Third Party Logistics (3PL) Market growth is e-commerce. When entering the Southeast Asian market, e-commerce enterprises have chosen to set up shop in this country. Also, e-commerce's recent uptake has contributed to the 3PL industry's expansion. Being among the top ten airports worldwide for international air cargo traffic, Changi Airport has constantly sustained its status as one of the region's key air cargo hubs. Further, with its sizable facilities, the Airport Logistics Park of Singapore (ALPS) is home to top international third-party logistics (3PL) companies that drive Singapore Third Party Logistics (3PL) Industry growth.

Singapore Third Party Logistics (3PL) Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2025-2032): 3.47%


• Market Value 2032: USD 7.1 Billion


• Major Players: Deutsche Post (DHL), Nippon Express, C.H. Robinson, Kuehne + Nagel International, FedEx, DB Schenker, DSV, Geodis, United Parcel Service of America (UPS), Others

Furthermore, Singapore's contemporary infrastructure, business-friendly atmosphere, and strategic location as a primary trading hub are making the country a flourishing logistics market. Also, its position as a regional commercial hub is being strengthened by the nation's third-party logistics (3PL) suppliers. Further, an increasingly youthful population & a tech-savvy populace, with over 95% of individuals utilizing the Internet, are stimulating the expansion of the e-commerce industry. Also, e-commerce businesses are outsourcing their logistical operations to third-party logistics (3PL) providers, which is further infusing the expansion of the Singapore 3PL Market.

Besides, with more Singaporean customers resorting to online channels for their purchasing requirements, the online retail share is foreseen to elevate to nearly 25.6% by 2032. Also, companies are being driven to implement a robust e-commerce strategy owing to the tremendous shift in consumer behavior, which is also instigating the growth of the Third-Party Logistics (3PL) Market in Singapore during the future period.

Recent Upgrades & Developments in the Singapore Third Party Logistics (3PL) Market

• 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.