South Korea Retail Logistics Market Size & Outlook
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South Korea retail logistics market highlights
- The South Korea retail logistics market generated a revenue of USD 5,656.6 million in 2023 and is expected to reach USD 13,281.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, roadways was the largest revenue generating mode of transport in 2023.
- Airways is the most lucrative mode of transport segment registering the fastest growth during the forecast period.
Retail logistics market data book summary
| Market revenue in 2023 | USD 5,656.6 million |
| Market revenue in 2030 | USD 13,281.0 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Roadways |
| Fastest growing segment | Airways |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Railways, Airways, Roadways, Waterways |
| Key market players worldwide | XPO Inc, DSV AS, Kuehne + Nagel International AG, C.H. Robinson Worldwide Inc, Nippon Express Holdings Inc, FedEx Corp, Schneider Electric SE, United Parcel Service Inc Class B, DHL Group, A. P. Moller Maersk A/S Class B, Associate Global Partners Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global retail logistics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China retail logistics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 106,936.3 million by 2030.
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Retail Logistics Market Scope
Retail Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associate Global Partners Ltd | View profile | 17 | 2 Chifley Square, Level 12, Sydney, NSW, Australia, 2000 | https://www.associateglobal.com |
| A. P. Moller Maersk A/S Class B | View profile | 100000 | Esplanaden 50, Copenhagen, Denmark, 1263 | https://www.maersk.com |
| Nippon Express Holdings Inc | View profile | 85442 | 2 Kanda Izumicho, Chiyoda-ku, Tokyo, Japan, 101-0024 | - |
| DSV AS | View profile | 73879 | Hovedgaden 630, Hedehusene, Denmark, 2640 | https://www.dsv.com |
| Kuehne + Nagel International AG | View profile | 93064 | Dorfstrasse 50, P.O. Box 67, Schindellegi, Switzerland, CH-8834 | http://www.kuehne-nagel.com |
| C.H. Robinson Worldwide Inc | View profile | 15246 | 14701 Charlson Road, Eden Prairie, MN, United States, 55347-5088 | https://www.chrobinson.com |
| XPO Inc | View profile | 39000 | Five American Lane, Greenwich, CT, United States, 06831 | https://www.xpo.com |
| FedEx Corp | View profile | 787400 | 942 South Shady Grove Road, Memphis, TN, United States, 38120 | https://www.fedex.com |
| United Parcel Service Inc Class B | View profile | 500000 | 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, United States, 30328 | https://www.ups.com |
| DHL Group | View profile | 594396 | Platz der Deutschen Post, Bonn, NW, Germany, 53250 | http://www.dpdhl.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
South Korea retail logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail logistics market will help companies and investors design strategic landscapes.
Roadways was the largest segment with a revenue share of 52.03% in 2023. Horizon Databook has segmented the South Korea retail logistics market based on railways, airways, roadways, waterways covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's retail logistics market has been experiencing significant growth in recent years. Several factors have contributed to this rise, including the country's strategic location as a major gateway to the Asian region, its robust manufacturing and export-oriented industries, and the increasing demand for last-mile delivery services and modern warehousing facilities due to the rise of e-commerce and the booming retail sector.
South Korea's strategic location as a major gateway to the Asian region has made it a pivotal hub for international trade.
The country's robust manufacturing capabilities, particularly in electronics, automotive, and shipbuilding, have generated consistent cargo volumes, driving the need for efficient logistics solutions.
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Target buyers of South Korea retail logistics market databook
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Our clientele includes a mix of retail logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea retail logistics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea retail logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea retail logistics market size, by mode of transport, 2018-2030 (US$M)
South Korea Retail Logistics Market Outlook Share, 2023 & 2030 (US$M)
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