The South Korea Third-Party Logistics Market size is valued at around USD 18.5 billion in 2024 & is estimated to reach around USD 32 billion by 2030. The market is also expected to grow at a CAGR of around 9.8% during the forecast period, i.e., 2024-30.                                 

South Korea Third-Party Logistics (3PL) Market Driver:

Rise in the E-Commerce Industry – South Korea is certainly one of the biggest e-commerce markets globally pushing third-party logistics boom in the country because of the need for dependable logistics and fulfillment partners. The expansion in the e-commerce sector is primarily due to the excessive penetration of smartphones, high-speed internet, and the presence of dependable online payment programs in the country.

The growth in e-commerce in the country and the want to fulfill the developing demands of the e-commerce systems provide the 3PL players with an extraordinary possibility to provide their services which include inventory and transportation management, warehousing & distribution, dedicated agreement carriage, logistics software, and others. The unfolding of such situations offers the 3PL Market to stay properly poised to fulfill the increasing need in this evolving situation offering massive growth during the forecast period.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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South Korea Third-Party Logistics (3PL) Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Type
• Contractual 3PL- Market Size & Forecast 2019-2030F, USD Million
• Non-contractual 3PL- Market Size & Forecast 2019-2030F, USD Million
• By Solution
• Transportation Management- Market Size & Forecast 2019-2030F, USD Million
• Warehousing & Distribution- Market Size & Forecast 2019-2030F, USD Million
• Dedicated Contract Carriage (DCC)- Market Size & Forecast 2019-2030F, USD Million
• Logistics Software- Market Size & Forecast 2019-2030F, USD Million
• Others- Market Size & Forecast 2019-2030F, USD Million
• By Transportation Mode
• Rail- Market Size & Forecast 2019-2030F, USD Million
• Road- Market Size & Forecast 2019-2030F, USD Million
• Air- Market Size & Forecast 2019-2030F, USD Million
• Sea- Market Size & Forecast 2019-2030F, USD Million
• By End User Industries
• Manufacturing- Market Size & Forecast 2019-2030F, USD Million
• Healthcare & Pharmaceuticals- Market Size & Forecast 2019-2030F, USD Million
• Retail & E-commerce- Market Size & Forecast 2019-2030F, USD Million
• Automotive- Market Size & Forecast 2019-2030F, USD Million
• Consumer Goods- Market Size & Forecast 2019-2030F, USD Million
• Food & Beverage- Market Size & Forecast 2019-2030F, USD Million
• Others- Market Size & Forecast 2019-2030F, USD Million

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Hyundai Glovis, SEBANG, Daewoo Logistics, Yusen Logistics, Sunjin   Logistics,   Kuehne + Nagel, CTSI Logistics, Lotte Global Logistics, Omni   Logistics, DSV,   and  Others

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