- Singapore’s populace includes ~65% of people aged between the age group of 20-64 years, who will drive the future of the e-commerce market.
- The ‘five-pronged’ infrastructural strategy is aiming to build 2 nationwide 5G networks, enable cross-border Digital Economy Agreements (DEA) and increase local business penetration to make Singapore a global and regional e-commerce hub.
- Warehouse Management with Real Time Shipment Tracking and Transport Schedule Management will be some of the technological trends in Singapore that will drive the market.
The E-Commerce industry is expected to grow: The growth of e-commerce logistics companies will highly depend on their last-mile delivery model. Aided by local merchant partnerships and growth in digital wallet penetration, the ease of placing orders is expected to rise. Also, with the upgradation in technology such as GPS Monitored Robots, Drones, Driverless Delivery, Inbuilt RFID, GPS, IoT, and telematics that will be used for tracking Inventory, Singapore E-Commerce logistics is expected to grow in near future.
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Expansion of logistics infrastructure: In the coming years, the Average Order Value per transaction in the Singapore E-commerce market will increase owing to increased device penetration. Technological Advancements are expected to improve and enhance supply chain transparency and security leading to improved cost efficiency. In addition to this, the expansion of logistics infrastructures such as intermodal connectivity, logistics parks, and ports will be used to create business opportunities in the coming years.
Technological developments and Rising demand for Automated logistics: AI will amplify the human components of the e-commerce delivery process in the country, predictive logistics can be enhanced by proactive operations with predictive intelligence, and implementation of robotic or semi-robotic technologies that enhance the work of human pickers and even reduces walking time and shortens picking routes will help the Singapore E-Commerce to enhance its productivity for the future revenue generation.
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