Market Share of Singapore Customs Brokerage Industry
The Singaporean Customs Brokerage Market is highly fragmented with the domination of global players and regional players. The global players include UPS, FedEx, and Rhenus Logistics. The regional players also have a strong local presence like Chiang Huat Transport PTE Ltd, Freightmen Pte Ltd, Mercury Freight, M&P International Freight, etc. With a high number of customs brokers operating in the market, the competition is very high. To gain a competitive edge over others, many players have started inducing new technologies Like BlockChain and Supply Chain Integration. Some players have opened warehouses to cater to the demand. Singapore is a transshipment hub for the Southeast Asian region and is well connected by roads, air, and sea, giving a platform for many logistics companies to expand their footprints.
Singapore Customs Brokerage Market Leaders
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UPS
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DHL
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FedEx
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Rhenus Logistics
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SeaLand Maersk
*Disclaimer: Major Players sorted in no particular order
