South Korea 3PL Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top 3PL Companies in South Korea and the Market is Segmented by Service (Domestic Transportation Management, International Transportation Management, and Value-Added Warehousing and Distribution) and by End-User (Manufacturing and Automotive, Oil & Gas and Chemicals, Distributive Trade (Wholesale and Retail Trade, Including E-Commerce), Pharma and Healthcare, Construction, and Other End Users). The Report Offers the Market Sizes and Forecasts for the South Korea Third-Party Logistics (3PL) Market in Value (USD) for all the Above Segments.

South Korea 3PL Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South Korea Third Party Logistics (3PL) Industry Overview

The third-party logistics (3PL) market in South Korea is fragmented, with a mix of foreign and local businesses, such as CJ Logistics, Pants Logistics, and Lotte Global Logistics, among the leading competitors. Consistent economic growth, the rapid expansion of e-commerce retailers such as Coupang, Wemakeprice, 11street, G-Market, and TMON, as well as the desire to achieve carbon-neutral operations, are driving increasing demand for third-party logistics businesses. Companies are concentrating on incorporating automation into their processes and upgrading their energy sources to reduce their carbon footprint.

South Korean gas stations have partnered with courier service providers, subletting their buildings as logistics hubs and bringing a new dynamic to the local delivery business. Hyundai Oil Bank Co., a major refiner in South Korea, has entered into a strategic relationship with Coupang Inc., an e-commerce business, to establish a gas station-based logistics system.

South Korea Third Party Logistics (3PL) Market Leaders

  1. DSV

  2. CJ Logistics Corporation

  3. Pantos Logistics

  4. Kuehne + Nagel

  5. Toll Holdings Limited

  6. *Disclaimer: Major Players sorted in no particular order
South Korea 3PL Market Concentration