South Korea Third-Party Logistics (3PL) Market Research Report Forecast (2024-2030)

1. South Korea Third-Party Logistics (3PL) Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights 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. The market in South Korea is experiencing robust growth driven by economic recovery, a rise in industrial production, an increase in consumer, and overall expansion in various industries such as manufacturing, healthcare & pharmaceuticals, retail & e-commerce, automotive, consumer goods, food & beverages, etc. Such developments in the economy and across industries will boost the growth of 3PL services in the country. The services offered by 3PL in South Korea include transportation management, warehousing & distribution, dedicated contract carriage, logistics software, and others, these services are necessary for these industries due to their objective of achieving operational efficiency. Swipe

3. 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. Swipe

4. Market Segmentation By Type (Contractual 3PL, Non-contractual 3PL) By Solution (Transportation Management, Warehousing & Distribution, Dedicated Contract Carriage [DCC], Logistics Software, Others) By Transportation Mode (Rail, Road, Air, Sea) Swipe

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