South Korea Third Party Logistic (3PL) Market Size- By Service, By Distributive trade, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

South Korea Third Party Logistic (3PL) Market Size- By Service, By Distributive trade, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

South Korea Third Party Logistic Market Introduction and Overview

According to SPER Market Research, ‘South Korea Third Party Logistic Market Size- By Service, By Distributive trade, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’states that the South Korea Third Party Logistic Market is estimated to reach USD 41.23 billion by 2033 with a CAGR of 4.26%.

The term “third-party logistics” (3PL) describes the practice of contracting out supply chain and logistics operations to knowledgeable outside service providers. These service providers oversee a variety of logistical tasks, such as freight forwarding, order fulfilment, inventory control, transportation, and warehousing. For businesses looking to improve service quality, cut costs, and increase supply chain efficiency, the 3PL industry is crucial.

The market for third-party logistics (3PL) was completely transformed by COVID-19, which accelerated supply chain diversification and digitization trends. The epidemic revealed flaws in international logistical networks, including a dependence on a small number of providers and a lack of real-time visibility. The need for creative solutions, such as automated systems and data-driven insights, increased as a result.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Service, By Distributive trade, By End-User
Regions covered Seoul Metropolitan Areas (Seoul-Incheon-Gyeonggi), Busan, Daegu-Gyeongbuk Region, Gwangju-Jeolla Region, Daejeon-Chungcheong Region, Gangwon Province, Rest of South Korea
Companies Covered CJ Logistics, DHL Korea, Hanjin Transportation, Hyundai Glovis, Kerry Logistics, Korea Express, Kuehne & Nagel Korea, LG CNS, Pantos Logistics, Samsung SDS, Others.

South Korea Third Party Logistic Market Segmentation:

By Service: Based on the Service, South Korea Third Party Logistic Market is segmented as; Domestic Transportation Management, International Transportation Management, Value-Added Warehousing and Distribution.

By Distributive Trade: Based on the Distributive Trade, South Korea Third Party Logistic Market is segmented as; Wholesale, Retail Trade, E-Commerce.

By End Users: Based on the End Users, South Korea Third Party Logistic Market is segmented as; Manufacturing and Automotive Oil & Gas and Chemicals.