Driven by the Entry of Home-Grown Players and Developing Logistics Infrastructure, the logistics market in Singapore has ample growth potential in the coming years.
Singapore’s luxurious lifestyle and disposable income: Singapore is one of the strongest economies consisting of a rich population, luxurious lifestyle, disposable income, and a variety of options available online. It is ranked 1st in the world for the fastest internet speed. The number of new users since the pandemic is set to increase even further as residents switch to e-commerce platforms for more essential products such as groceries. Expansion in internet services coupled with increasing demand for online logistics services has collectively given a boost to the development of the E-commerce logistics industry in Singapore.
Luxury to essential E-Commerce: The advent of faster delivery trends has largely persuaded many buyers to purchase products from outside the region. ~78% of Singapore online shoppers have shopped cross-border in the year 2021. In addition to this, the Covid-19 circuit-breaking measures by the government have seen a massive shift from luxury to essential e-commerce orders. The government is also taking active strides to make Singapore a global logistics hub, with investments in underlying infrastructure and supply chain capabilities. Advanced logistics, connectivity, and sectoral funding are the drivers upon which modern technology-driven enterprises have found their incredible growth.
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Government Initiatives revamping the demand: In Singapore, under the Lemon Law, sellers are legally bound to provide goods that are in no way damaged or defective and they must be of satisfactory quality and performance. It also applies to goods that do not fit their descriptions or serve their purposes. Also, the Unfair Practices act lists 24 practices that are there to protect customer rights in cases where a seller makes a false claim and/or omits information leading to the buyer being deceived or misled.
Platform Integration and Cross-Border Challenges: Singapore E-Commerce platforms face a major challenge in integrating a critical mass of multiple user bases. Often, a platform’s perceived value rests largely on this factor. Even high delivery failure rates due to a lack of orders and delivery consolidation between retailers pose a major risk to E-Commerce logistics in the country.
Analysts at Ken Research in their latest publication “Singapore E-Commerce Logistics Market Outlook to 2026F – Driven by Entry of Home-Grown Players and Developing Logistics Infrastructure” by Ken Research observed the potential of the E-Commerce Market in Singapore. The increasing internet penetration in Singapore and technological advancements, the improving logistics system in Singapore, and increased local penetration are expected to contribute to the market growth over the forecast period. The Singapore E-Commerce Market is expected to grow at 14.2% CAGR over the forecasted period 2021-2026F owing to the rise in high Consumer appetite and heavy investment in technological advancement in the country.
Key Segments Covered: –
Singapore E-Commerce Logistics Market:
By Source
Domestic Shipments
International Shipments
By Shipment Weight
0-2 KG
2-5 KG
Greater than 5 KG
By Delivery:
Same Day delivery
Next day Delivery
More than 2 days
By Mode of Shipment:
Land
Air & sea
By Payment Mode:
Cash
Others (E-wallet, Debit Card, Credit Card, QR Pay, Bank Transfer)
By Type of Company:
3LP
Captive
By Product Category:
Fashion
Electronics
Furniture
Toys, Hobby and DIY
Food and Personal Care
Key Target Audience
E-Commerce Companies aiming to establish in Singapore
Singapore’ E-Commerce logistics industries
Government Bodies & Regulating Authorities
E-Commerce Industry
Logistics industry
Shipping company
Warehousing Companies
E-Commerce users
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Time Period Captured in the Report:
Historical Year: 2017-2021
Base Year: 2021
Forecast Period: 2021– 2026F
Companies Covered:
E-Commerce Logistics Company
DB Schenker Singapore
Singapore Post
DHL Singapore
UPS Singapore
FedEx
UParcel
J&T Express
ABX Logistics
GDEX
Ninja Van
Lalamove
Quantium Solutions
E-Commerce Companies
Lazada
Zalora
ASOS
Qoo10
Shopee
HipVan
EZBuy
Journey East
FairPrice
Kmart
Sephora
Key Topics Covered in the Report
Singapore E-Commerce Retail Market Overview, 2021
Ecosystem of Singapore E-Commerce Market
Singapore E-Commerce Logistics Market Overview and Genesis, 2021
Singapore’s E-Commerce Logistics Market Ecosystem
Timeline, Industry Cycle and, Operating model of Singapore’s E-commerce Logistics Market
Singapore E-Commerce Logistics Market Sizing, 2017-2021
Singapore E-commerce Logistics Market Segmentation (by Delivery, Market by International and Domestic, By Mode of Transportation, by Channel, by Mode of Payment), 2021
Singapore E-Commerce Warehousing Overview, 2021
Competition Landscape of Singapore E-Commerce Logistics Market
SWOT Analysis of Singapore E-Commerce Logistics Market
Growth Drivers of Singapore E-Commerce Logistics Market
Challenges and Restraints of the Singapore E-Commerce Logistics Market
Government Regulations of the Singapore E-Commerce Logistics Market
Covid-19 Impact on the Singapore E-Commerce Logistics Market
Future Outlook and Projections for Singapore E-Commerce Logistics Market, 2021-2026
Market Opportunities and Analyst Recommendations
For more insights on the market intelligence, refer to the link below: –
Singapore E-Commerce Logistics Market Analysis
Related Reports by Ken Research: –
Malaysia E-Commerce Shipments Market Outlook to 2026F