Who are the key players in South Korea Ecommerce Logistics Market?

DHL Group Logistics, FedEx Logistics, Pantos Logistics, SF Express and CJ Logistics are the major companies operating in the South Korea Ecommerce Logistics Market. Read More

What years does this South Korea Ecommerce Logistics Market cover, and what was the market size in 2023?

In 2023, the South Korea Ecommerce Logistics Market size was estimated at USD 13.75 billion. The report covers the South Korea Ecommerce Logistics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Ecommerce Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Ecommerce Logistics Market Size

Market Size of South Korea Ecommerce Logistics Industry

South Korea Ecommerce Logistics Market Summary

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 14.93 Billion
Market Size (2029)	USD 22.57 Billion
CAGR (2024 - 2029)	8.61 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

South Korea Ecommerce Logistics Market Analysis

The South Korea Ecommerce Logistics Market size is estimated at USD 14.93 billion in 2024, and is expected to reach USD 22.57 billion by 2029, growing at a CAGR of 8.61% during the forecast period (2024-2029).

South Korea is in a growing stage and has a moderately fragmented market with around 100+ domestic and foreign players operating in the e-commerce logistics market. CJ Logistics provides integrated transportation and logistics services to individuals and businesses in Korea, covering a wider area than other logistics companies.

Naver, Auction, and G-Market are the leading consumer-to-consumer (C2C) platforms in the Korean e-commerce market. Emerging technologies such as live tracking, automation, WhatsApp bots, AI systems, IoT, and telematics will be major trends leveraged by e-commerce logistics.

As South Korea has a well-developed transportation system, the growing e-commerce sector is expected to eventually create opportunities for intra-urban logistics. Therefore, orders can be easily shipped from one location to another.

The busy consumer lifestyles both partners work in prefer online shopping to waste time traveling from store to store to purchase different products. An online retailer has successfully enabled her to purchase all her needs from one platform, saving consumers a lot of time. Social distancing measures and lockdown enforcement have led to a massive shift to online shopping.

The COVID-19 outbreak prompted most retailers to switch from offline to online (O2O) sales methods. With strong network capabilities, E-Com's logistics companies started partnering with healthcare and food companies for the timely delivery of needed products.

E-commerce players and 3PLs are driving the demand in the logistics market. Third-party logistics accounts for 50.2% of total occupied space, with e-commerce platforms accounting for 24.6%.

The two industries collectively occupy three-quarters of Greater Seoul's leasable logistics space, demonstrating their market dominance. Increased cross-border sales and the growth of online fashion drive the market.

South Korea Ecommerce Logistics Industry Segmentation

The term "E-commerce logistics" refers to the transportation, warehousing, and distribution services provided to an online retailer by the logistics company. The report provides a comprehensive background analysis of the eCommerce logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. The report offers market sizes and forecasts in value (USD) for all the above segments.

The South Korean e-commerce logistics market is segmented by service (transportation, warehousing, and inventory management) and value-added services (labeling, packaging, etc.), business (B2B and B2C), and destination (domestic and international/cross-border).

The report offers market sizes and forecasts in value (USD) for all the above segments.

By Service
		Transportation
		Warehousing and Inventory management
		Value-added services (Labeling, Packaging, etc)

By Business
		B2B
		B2C

By Destination
		Domestic
		International/cross-border

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South Korea Ecommerce Logistics Market Size Summary

The South Korea eCommerce logistics market is experiencing significant growth, driven by the expansion of online shopping and the adoption of advanced technologies. The market is moderately fragmented, with numerous domestic and international players such as CJ Logistics, which offers comprehensive transportation and logistics services across the country. The well-developed transportation infrastructure in South Korea facilitates efficient intra-urban logistics, supporting the burgeoning eCommerce sector. The shift towards online shopping, accelerated by the COVID-19 pandemic, has led to increased demand for logistics services, with third-party logistics (3PLs) playing a crucial role in the market. E-commerce platforms and 3PLs collectively dominate the logistics space in Greater Seoul, underscoring their pivotal role in the market's expansion.

The online fashion industry is a key driver of growth within the South Korean eCommerce market, with a notable increase in demand for clothing and accessories. Despite challenges in online penetration, large corporations are investing in eCommerce capabilities to capitalize on this growth. The market is also witnessing a rise in cross-border eCommerce, with consumers increasingly purchasing from foreign retailers for better prices. This trend presents opportunities for innovation and expansion in the logistics sector, as companies like DHL Group Logistics, FedEx Logistics, and CJ Logistics make strategic investments to enhance their regional networks. Partnerships, such as the one between CJ Logistics and Cainiao Network, highlight the focus on optimizing cross-border logistics services, further supporting the market's development.

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South Korea Ecommerce Logistics Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Current Market Scenario
2. 1.2 MARKET DYNAMICS
  1. 1.2.1 Drivers
    1. 1.2.1.1 Increasing popularity of online shopping
    2. 1.2.1.2 The rise in cross border e commerce boosting the market
  2. 1.2.2 Restraints
    1. 1.2.2.1 Challenge of last-mile delivery in densely populated areas
    2. 1.2.2.2 The need for efficient warehouse management
  3. 1.2.3 Opportunities
    1. 1.2.3.1 Adoption of advanced technologies driving the market
    2. 1.2.3.2 The development of efficient last-mile delivery market
3. 1.3 Government Initiatives and Regulations
4. 1.4 Supply Chain/Value Chain Analysis
5. 1.5 Impact of COVID-19 on the Market
6. 1.6 Insights on the E-commerce Market
7. 1.7 Insights on Reverse/Return Logistics
8. 1.8 E-commerce Deliveries during the Special days
9. 1.9 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.9.1 Bargaining Power of Suppliers
  2. 1.9.2 Bargaining Power of Buyers/Consumers
  3. 1.9.3 Threat of New Entrants
  4. 1.9.4 Threat of Substitute Products
  5. 1.9.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Service
  1. 2.1.1 Transportation
  2. 2.1.2 Warehousing and Inventory management
  3. 2.1.3 Value-added services (Labeling, Packaging, etc)
2. 2.2 By Business
  1. 2.2.1 B2B
  2. 2.2.2 B2C
3. 2.3 By Destination
  1. 2.3.1 Domestic
  2. 2.3.2 International/cross-border

South Korea Ecommerce Logistics Market Size FAQs

How big is the South Korea Ecommerce Logistics Market?

The South Korea Ecommerce Logistics Market size is expected to reach USD 14.93 billion in 2024 and grow at a CAGR of 8.61% to reach USD 22.57 billion by 2029.