Technology advancement, Cross Border E-commerce, and Increased local penetration by E-Commerce Platforms are some of the key growth drivers of the Singapore e-commerce industry: Ken Research

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.

singapore-e-commerce-logistics-market

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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

USA Logistics Industry Outlook to 2026

Germany E-Commerce Logistics Market Outlook to 2026F

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