South Korea Logistics & Warehousing Market Outlook to 2021
Increasing Investment Activity and E-Commerce Logistics to Drive Future Growth
Region:Asia
Product Code:KR528
August 2017
182
About the Report
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.
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 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 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.
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, which 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
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 (~%).
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 a 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. The warehousing industry will contribute a market share of ~ in terms of revenue by 2021.
- 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
Products
Value Added Services, Express Delivery, Normal Delivery, Cold Chain, Cold Storage, Cold Transportation, Logistics, Warehousing, Third Party Logistics, E-commerce Logistics, Logistics Cost, Sea Transportation, Air Transportation, Ground Express, International Freight Forwarding, Domestic Freight forwarding
Companies
DHL, DB Schenker Korea, Ceva Logistics, Lotte Logistics, Nippon Express Korea, Yusen Logistics Korea, Pantos Logistics Co Ltd, Hyundai Glovis Ltd, CJ Express
Table of Contents
1. Executive Summary
South Korea Logistics Market Introduction
South Korea Logistics Market Size
Freight Forwarding Market
Express Delivery Market
Third Party Logistics
Warehousing Market
Cold Chain Market
Future Aspects of South Korea Logistics Market
2. Appendix
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Limitations
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Final Conclusion
3. South Korea Logistics Market
3.1. South Korea Logistics Market Introduction
3.2. South Korea Logistics Market Size, 2011-2016
4. Logistics Infrastructure in South Korea Logistics Market
Air Network
Road & Rail Network
The important intercity highways of South Korea
Sea Network
Free Economic Zone Infrastructure
5. Value Chain Analysis For South Korea Logistics Market
6. South Korea Logistics Market Segmentation
6.1. By Service Mix, 2016
6.2. By Industries, 2016
7. South Korea Freight Forwarding Market
7.1. South Korea Freight Forwarding Market
7.2. South Korea Freight Forwarding Market Size, 2011-2016
7.3. South Korea Freight Forwarding Market Segmentation, 2016
7.3.1. By Freight Mode, 2016
7.3.2. By Domestic And International Freight Forwarding, 2016
7.3.3. By Major Flow Corridors, 2016
7.4. By Delivery, 2011-2016
7.5. Competition Scenario in South Korea Freight Forwarding Market
Competitive Parameters for Freight Forwarding Market in South Korea
7.6. South Korea Freight Forwarding Market Future Outlook and Projections, 2016-2021
8. South Korea Express Logistics Market
8.1. South Korea Express Logistic Market Introduction
8.2. Value Chain Analysis for South Korea Express Delivery Market
8.3. South Korea Express Logistics Market Size, 2011-2016
8.4. South Korea Express Delivery Market Segmentation, 2016
8.4.1. By Air and Ground Express, 2016
8.4.2. By B2B, B2C and C2C Segment, 2016
8.4.3. By International and Domestic Express Logistics Services, 2016
8.5. Competitive Scenario in South Korea Express Logistics Market
8.6. South Korea Express Logistic Market Future Outlook & Projection, 2016-2021
9. South Korea Third Party Logistics Market
9.1. South Korea Third Party Logistics Market Introduction
9.2. Value Chain Analysis for Third Party Logistics Market
9.3. South Korea Third Party Logistics Market Size, 2011-2016
9.4. Competitive Scenario in South Korea Third Party Logistics Market
Competitive Parameters in South Korea 3PL Logistics Market
9.5. South Korea Third Party Logistics Market Future Outlook & Projections, 2016-2021
10. South Korea Warehousing Market
10.1. South Korea Warehousing Market Introduction
Technologies that has Propelled the Warehousing
10.2. Value Chain Analysis For South Korea Warehousing Market
10.3. South Korea Warehousing Market Size, 2011-2016
10.4. South Korea Warehousing Market Segmentation, 2016
10.4.1. By Geographical Distribution, 2016
10.4.2. By Business Model, 2016
10.4.3. By Warehouse Area, 2016
10.5. Competitive Scenario In South Korea Warehousing Market
Competitive Parameters in South Korea Warehousing Market
10.6. South Korea Warehousing Market Future Outlook & Projections, 2016-2021
11. South Korea Cold Chain Market
11.1. South Korea Cold Chain Market Introduction
11.2. Value Chain Analysis For South Korea Cold Chain Market
11.3. South Korea Cold Chain Market Size, 2011-2016
11.4. South Korea Cold Chain Market Segmentation, 2016
11.4.1. By Cold Storage and Cold Transportation, 2016
11.4.2. By Product Type, 2016
11.4.3. By Delivery Type, 2016
11.5. Competitive Scenario in Cold Chain Logistics Market
Competitive Parameters in Cold Chain Logistics Market
11.6. South Korea Cold Chain Market Future Outlook and Projections, 2016-2021
12. Growth Drivers and Trends in South Korea Logistics Market
12.1. Free Trade and Economic Zones
12.2. Surging in E-Commerce Logistics
12.3. Growth of Retail Sector
12.4. Increasing Investment Activity In South Korea
12.5. Trade Scenario In South Korea
13. Issues and Challenges in South Korea Logistics Market
13.1. Affect of Neighboring Countries
13.2. Lacking Technological Advancement And Aging Population
13.3. Land and Space Utilization
13.4. Inefficient Logistics Systems
14. Recent Mergers and Acquisition IN South Korea Logistics Industry
15. Industry Norms and Regulations
Free Trade Zone
Free Economic Zone
Incentives for foreign investors in free trade zones and free economic zones
Laws Relatd to Foreign Investment
Basic Logistics Policy Act
Distribution Facilities Development and Operation Act
Sustainable Transportation Logistics Development Act
Custom Regulations
16. Matrix of Major Companies in South Korea Logistics Market
17. Competitive Landscape of Major Players in South Korea Logistics Market
17.1. Lotte Global Logistics
17.2. Ceva Logistics
17.3. Schenker Korea Ltd.
17.4. Nippon Express Korea
17.5. Yusen Logistics Korea Co., Ltd.
17.6. DHL Korea
17.7. Pantos Logistics Co., Ltd.
17.8. Hyundai Glovis Co., Ltd.
17.9. CJ Express
18. South Korea Logistics Market Future Outlook and Projections, 2016-2021
18.1. South Korea Logistics Market Future Outlook By Revenue, 2016-2021
18.2. South Korea Logistics Market Future Outlook By Service Mix, 2021
18.3. Analyst Recommendations
19. Macroeconomic Factors Affecting South Korea Logistics Market
19.1. Import of Goods, 2011-2016
19.2. Export of Goods, 2011-2016
19.3. Number of Enterprises in Transportation Industry, 2011-2021
19.4. Air Freight, 2011-2021
19.5. Goods Motor Vehicle Sales, 2011-2021
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