1. Market Research
  2. > Transportation
  3. > Logistics and Freight Market Trends
South Korea Logistics & Warehousing Market Outlook to 2021- Increasing Investment Activity and E-Commerce Logistics to Drive Future Growth

South Korea Logistics & Warehousing Market Outlook to 2021- Increasing Investment Activity and E-Commerce Logistics to Drive Future Growth

  • August 2017
  • 182 pages
  • ID: 5228529
  • Format: PDF
  • By Ken Research Private Limited

Summary

Table of Contents

Executive Summary
The report titled “South Korea Logistics & Warehousing Market Outlook to 2021- Increasing Investment Activity and E-Commerce Logistics to Drive Future Growth” which provides a comprehensive analysis of the Logistics & Warehousing market in South Korea. The report covers various aspects such as overall size of South Korea logistics & warehousing, freight forwarding, warehousing, cold chain, 3PL, express market in terms of value, segmentation on the basis of service mix, by geography and by type of industries.



The report also covers value chain analysis for logistics & warehousing market, comparative analysis of South Korea logistics market with Asia and global logistics market. The report also covers the competitive landscape of the industry and comprehensive profile of leading and emerging players operating in the market. The report includes future outlook and projections of the South Korea logistics & warehousing market, freight forwarding market, cold chain market, warehousing market, 3PL market and express logistics market.

South Korea Logistics Market Size
In terms of revenue, South Korea logistics industry augmented positively from USD ~ billion during 2011 to USD ~ billion during 2013 at a CAGR of ~% during 2011-2013. The transportation facilities at South Korea have always aided the country’s logistics revenue.

South Korea has the 5th largest sea port in the world with the added advantage of being between two of the largest economies in Asia - Japan and China. During 2014-2016, the market witnessed very slow growth, increasing from USD ~ billion during 2014 to USD ~ billion during 2016.

Freight Forwarding Market
The freight forwarding market grew from USD ~ billion during 2011 to USD ~ billion during 2013, at a CAGR of ~% during 2011-2013. Expanding e-commerce, retail, manufacturing and express delivery industries has positively augmented the freight forwarding market in South Korea.

The market witnessed a setback as the revenues fell to USD ~ billion during 2014. The logistics industry remained relatively stagnant post 2014 as the industry accounted for same revenues during 2016.

Sea freight movement has majorly dominated the market of logistics in South Korea with a revenue share of ~% during 2016, followed by land freight (~ %) and air freight (~%) during the same year. Majority of the freight movement during this period has been undertaken through the Asia-North America and European Union flow corridor.

Major competitors in South Korea freight forwarding market are DHL, DB Schenker, Nippon Express, Ceva Logistics, UPS, Yusen Logistics and others. It has been forecasted that the market will increase at a low CAGR of ~% during 2016-2021 to reach USD ~ billion by 2021.

Express Delivery Market
Express logistics is seen as a premium segment of the logistics industry as it involves time sensitive shipments of goods via multimodal transportation. The market has grown from USD ~ billion during 2011 to ~ billion in 2016.

The rising prominence of online shopping, especially by B2C segments and expanding cold chain logistics market has attributed to the increasing demand for express delivery in past few years in South Korea. Air express has dominated the market of South Korea express logistics during 2016. The presence of well planned infrastructure to support air cargo had been the prime reason which has attributed the dominance of air express in the country. In terms of revenues, air express has contributed a share of ~% during 2016 followed by ground express accounting for ~% during the same year.

It has been forecasted that the express delivery market will increase at a CAGR of ~% during 2016-2021 and is envisaged to reach at USD ~ billion in 2021.

Third Party Logistics
Third party logistics market has witnessed a positive growth in the past few years in South Korea. The market grew at a CAGR of ~% during 2011-2016.

Third-party logistics (3PL) outsourcing is rapidly gaining prominence as more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. On the basis of revenues, the third party logistics market share in the country grew from ~% in 2011 to around ~% of the logistics market during 2016. The growth has been attributed to the growing e-commerce industry in the country.

Major competitors in the 3PL market are Hyundai Gls Co. Ltd, DFDS Transport (Korea), Ltd., Ahjin Transportation, DKSH, Zuellig Pharma and others. It has been forecasted that the market will increase at a CAGR of ~% during 2016-2021 to reach at USD ~ billion by 2021.

Warehousing Market
The warehousing sector in South Korea has increased at a CAGR of ~% during the period 2011-2016. Industrial/retail has been the leading segment in the warehousing industry accounting for ~% of the warehousing market revenues during 2016.

Small size warehouses (2,000-5,000sqm) have dominated the market accounting for ~% of the total number of warehouses followed by large size (10,000+ sqm) warehouses and medium size warehouses. Companies prefer to construct small size warehouses in multiple locations to avoid high transportation and logistics cost and provide express delivery. By geography, Seoul Metropolitan Area, that incorporates Seoul, Incheon and Gyeonggido; accounted for ~% of the total number of warehouses, during 2016.

Seoul is centrally located and well connected to other cities of the country. Major companies in South Korea warehousing market are G&B LOGISTICS CO.,LTD., Daesin International Transport Co Limited, Chun jee Shipping CO.,LTD, Korea Express, Logwin-Logistics and others. It has been anticipated that the market will increase at a CAGR of ~% during 2016-2021 to reach at USD ~ billion during 2021.

Cold Chain Market
South Korea cold chain market was estimated at USD ~ billion during 2016 and has augmented at a compound annual growth rate (CAGR) of ~% during the period 2011-2016.

The cold chain logistics has been largely dominated by cold storage which has contributed the largest share of ~% in the overall cold chain market during 2016. Cold transport has contributed a share of ~% in terms of revenues during 2016.

Vaccines and pharmaceuticals have contributed ~% in terms of revenues in overall market of cold chain during 2016. The second largest contributor is meat & seafood (~%) as they require an uninterrupted cold chain due to their perishable nature. These are followed by fruits & vegetables (~%), bakery & confectionary (~%), chemicals (~%) and others (~%).

Future Aspects of South Korea Logistics Market
South Korea logistics market is expected to increase at a CAGR of ~ during 2016 to 2021 and reach USD ~ billion by 2021. Freight forwarding services will majorly contribute in the overall market of logistics with the share of ~% by 2021.

This domination in share of the freight forwarding market will develop further on account of improving trade relations with developed & developing countries and industry expansion in upcoming years. Warehousing industry will contribute a market share of ~ in terms of revenue by 2021.

Key Topics Covered in the Report:
Logistics Infrastructure in South Korea Logistics Market

Value Chain Analysis for South Korea Logistics Market
South Korea Logistics & Warehousing market size

South Korea Logistics & Warehousing industry Segmentation (By service mix, normal & express delivery, by geography)

South Korea Freight Forwarding Market Size
South Korea Freight Forwarding Market Segmentation (by freight movement, by international & domestic freight forwarding, major sea flow corridors)

Competitive Landscape for South Korea Freight Forwarding Market
South Korea Freight Forwarding Market Future Outlook

South Korea Warehousing Market Size
South Korea Warehousing Market Segmentation (By business model, by industry, by geography)

Competitive Landscape for South Korea Warehousing Market
South Korea Warehousing Market future outlook

South Korea 3PL Market Size, Competitive landscape for major 3PL players and future outlook

South Korea Express Logistics Market Size
Competitive landscape for South Korea Express logistics Market

South Korea Express Logistics Market Future Outlook

South Korea Cold Chain Market Size
Competitive landscape for South Korea Cold Chain Market

South Korea Cold Chain Market future outlook
South Korea logistics & Warehousing market Future Outlook and Projections

Analyst Recommendation

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Frost Radar for the Warehouse Services Provider Market in Singapore

Frost Radar for the Warehouse Services Provider Market in Singapore

  • $ 4950
  • December 2019

Warehousing accounts for 18% of the $12 trillion globally spent on logistics.Warehousing refers to the temporary storage of goods before they are distributed to the end user in the supply chain.The industry ...

3PL Market in The US 2020-2024

3PL Market in The US 2020-2024

  • $ 2500
  • February 2020

Global 3PL Market in US 2020-2024The analyst has been monitoring the global 3PL market in US, and it is poised to grow by USD 76.28 bn during 2020-2024, progressing at a CAGR of 6% during the forecast ...

Global Connected Logistics Industry

Global Connected Logistics Industry

  • $ 4950
  • February 2020

Connected Logistics market worldwide is projected to grow by US$102.4 Billion, driven by a compounded growth of 31.7%. Roadway, one of the segments analyzed and sized in this study, displays the potential ...


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on