The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), South Korea Third-Party Logistics (3PL) Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
South Korea Third-Party Logistics (3PL) Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in South Korea Third-Party Logistics (3PL) Market Segmentation?
The report has segmented the market into the following categories:
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
For the South Korean third-party logistics industry, based on the transportation mode, freight transportation by road remains the dominant segment and will continue to be over the forecasted period as well. This is primarily due to the extensive road network present in the country and the majority of the population in the country is concentrated in its cities which are the driving forces of their economy.
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
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Key Factor Driver South Korea Third-Party Logistics (3PL) Industry Growth by 2030
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.
Who are the Key Players Operating in the South Korea Third-Party Logistics (3PL) Industry?
The top companies of the South Korea Third-Party Logistics (3PL) market ruling the industry are:
- Hyundai Glovis
- SEBANG
- Daewoo Logistics
- Yusen Logistics
- Sunjin Logistics
- Kuehne + Nagel
- CTSI Logistics
- Lotte Global Logistics
- Omni Logistics
- DSV
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the South Korea Third-Party Logistics (3PL) Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the South Korea Third-Party Logistics (3PL) industry?
- Which is the Leading segment in the market?
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