“The Singapore freight & logistics market is expected to reach a market value of USD 114.81 billion by 2023.”
Freight And Logistics Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Freight And Logistics market frequency, dominant players of Freight And Logistics market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Freight And Logistics production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Singapore Freight And Logistics manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Singapore is one of the worlds most open economies. It has the worlds highest trade to GDP ratio, with the total trade reaching more than the GDP. This reflects the country’s role as a trading port and an oil and gas hub, and its participation in regional supply chains, which has over time, led to a significant increase in trade of intermediate goods. The country is a regional hub for logistics players, and helps companies drive speed to the global market through excellent infrastructure and connectivity. According to World Banks Logistics Performance Index (LPI) 2018, the country ranks seventh in the world and ranks third for logistics competence. Being a regional hub, the country is a preferred location for manufacturers who can have support from the ecosystem of leading shippers and third-party logistics providers (3PLs) in the country. The manufacturing companies base their supply chain control towers and distribution centers in Singapore, in order to orchestrate their regional and global supply chains.
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Top Companies in the Singapore Freight And Logistics Market: United Parcel Service, Deutsche Post DHL Group, Singapore Post Limited, APL Logistics Ltd (Subsidiary of Kintetsu World Express Inc.), ACW Logistics Pte. Ltd, Keppel Logistics Pte. Ltd, CWT Pte. Ltd, YCH Group Pte. Ltd, Yamato Transport, Deutsche Post DHL Group, Panalpina Group, Kuehne + Nagel International AG, Nippon Express Co. Ltd, Expeditors International And others.
Insights on Maritime Transport and Role of Singapore as a Key Transshipment Hub:
Port of Singapore is recognized as the busiest container transshipment hub in the world. The strategic geographical location of the country serves as a gateway to ASEAN countries and the rest of the world, and has a connection with more than 600 ports in over 120 countries. Owing to the excellent quality and services, world-class infrastructure, and consistent R&D activities, the maritime sector has gained traction over the past few years. Despite the decreased trend in the container volume of the major transshipment hubs, like Hong Kong, and fierce competition from neighboring ports in Malaysia, the container traffic at the Singapore ports reached 33.7 million TEUs in 2017, which represented an increase of 8.9%, as compared to 2016. Similarly, the total cargo throughput of the Singaporean ports had registered 627.69 million metric ton in 2017, an increase of 5.8%, as compared to 2016, in which bulk oil cargo recorded a growth of 5.3% in 2017.
Regional Analysis For Freight And Logistics Market:
–North America (United States, Canada and Mexico)
-Asia-Pacific (China-Europe, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
-Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
-Central & South America (Brazil, Rest of South America)
–Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
The report has 150 tables and figures browse the report description and TOC:
Some major points from Table of Content:
- Freight And Logistics market Overview
- Freight And Logistics market Economic Impact
- Competition by Manufacturer
- Production, Revenue (Value) by Region (2019-2025)
- Supply (Production), Consumption, Export, Import by Regions (2019-2025)
- Production, Revenue (Value), Price Trend by Type
- Freight And Logistics market Analysis by Application
- Market by Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders.
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