Future South Korea Third-Party Logistics (3PL) Market: Key Dynamics, Size & Share Analysis

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.

Top Market Challenges Impacting the South Korea Third-Party Logistics (3PL) Market Growth

Rapidly Declining Population to Impede Market Growth – The Republic of Korea is facing a rapid decline in its population, with the growing older population and the falling fertility rates having a long-term structural impact on the country.

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Understanding the Core Segments in the South Korea Third-Party Logistics (3PL) Market

South Korea Third-Party Logistics (3PL) Market Size, Share & Industry Trends Analysis- 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), By End User Industries (Manufacturing, Healthcare & Pharmaceuticals, Retail & E-commerce, Automotive, Consumer Goods, Food & Beverage) and Others.

Who Dominates the South Korea Third-Party Logistics (3PL) Market Insights on Key Industry Players?

Companies are strengthening their presence in the South Korea Third-Party Logistics (3PL) Market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • Hyundai Glovis
  • SEBANG
  • Daewoo Logistics
  • Yusen Logistics
  • Sunjin Logistics
  • Kuehne + Nagel
  • CTSI Logistics
  • Lotte Global Logistics
  • Omni Logistics
  • DSV
  •  

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