MarkNtel Advisors recently published a detailed industry analysis of the South Korea Third-Party Logistics (3PL) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
South Korea Third-Party Logistics (3PL) Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The South Korea Third-Party Logistics (3PL) 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.
Key Findings in South Korea Third-Party Logistics (3PL) Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Hyundai Glovis, SEBANG, Daewoo Logistics, Yusen Logistics, Sunjin Logistics, Kuehne + Nagel, CTSI Logistics, Lotte Global Logistics, Omni Logistics, DSV, and Others
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the South Korea Third-Party Logistics (3PL) industry?
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.
Download now and gain valuable insights to inform your business strategy, drive growth, and stay ahead of the competition – Download Free PDF Sample– https://www.marknteladvisors.com/query/request-sample/south-korea-third-party-logistics-market.html
What segments define the South Korea Third-Party Logistics (3PL) Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
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
According to report, The transportation management segment holds the largest share in South Korea Third-Party Logistics Market, primarily due to South Korea being an export-oriented economy depending on global trade for its economic growth.
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
According to report, 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.
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
Explore the Complete South Korea Third-Party Logistics (3PL) Market Analysis Report – https://www.marknteladvisors.com/research-library/south-korea-third-party-logistics-market.html
Geographical Analysis: South Korea Third-Party Logistics (3PL) Market
By Region
- North
- East
- West
- South
- Central
South Korea Third-Party Logistics (3PL) Market Industry Recent Development:
- In July 2024: Hyundai Glovis acquired an LNG carrier for its fleet as the company ventures into the LNG transportation business. The vessel is 292 meters long and carries a capacity of 174,000 cbm of liquefied gas. The said capacity is enough to fulfill half of the country’s daily LNG consumption.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Middle East And Africa District Cooling Market?
- How is the Middle East And Africa District Cooling Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/south-korea-third-party-logistics-market.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
–Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 119.27%.
–Green Solvents Market size was valued at around USD 1.34 billion in 2024And is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.
For Media Inquiries, Please Contact:
Email: sales@marknteladvisors.com
Trending Blogs : www.marknteladvisors.com/blogs
Export-import Data : https://www.marknteladvisors.com/export-import-data
