Crowdsourced Last Mile Delivery Market Revenue was valued at USD 12.5 Billion in 2024 and is estimated to reach USD 30 Billion by 2033, growing at a CAGR of 10.5% from 2026 to 2033.
South Korea's Crowdsourced Last Mile Delivery Market: Industry Types and Evolving Requirements
South Korea's logistics landscape is rapidly transforming, with the Crowdsourced Last Mile Delivery Market at the forefront. This innovative approach leverages local, non-professional couriers to expedite deliveries, catering to the burgeoning e-commerce sector and the increasing consumer demand for swift service.
In 2023, South Korea's last mile delivery market generated revenues of approximately USD 2,779.1 million. Projections indicate a surge to USD 5,681.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 10.8%. Notably, the Business-to-Consumer (B2C) segment dominated in 2023, while the Consumer-to-Consumer (C2C) segment is poised for rapid growth in the coming years.
Several factors drive this market expansion. The rise of online shopping necessitates efficient delivery solutions, prompting companies to adopt crowdsourced models. These models offer flexibility and scalability, enabling businesses to manage fluctuating demand effectively. However, they also introduce challenges related to quality control and consistency.
The South Korean government has responded proactively to these industry shifts. The enactment of the Last-Mile Logistics Industry Development Act aims to enhance citizens' quality of life and bolster the national economy by establishing a robust framework for the last-mile logistics sector. This legislation underscores the importance of integrating technological advancements, such as drones and autonomous delivery vehicles, to enhance operational efficiency.
Industries engaging in crowdsourced last mile delivery must navigate specific requirements. Compliance with the Last-Mile Logistics Industry Development Act is paramount, ensuring that operations align with established standards. Embracing technological innovations, including route optimization software and autonomous delivery methods, is crucial for maintaining competitiveness. Additionally, addressing environmental concerns through sustainable practices, like adopting electric vehicles, resonates with eco-conscious consumers.
From personal observations, the convenience of rapid deliveries has become integral to urban living in South Korea. The seamless integration of technology and logistics has set high consumer expectations. While the efficiency is commendable, maintaining service quality amidst rapid expansion remains a challenge for many providers.
In summary, South Korea's Crowdsourced Last Mile Delivery Market is experiencing significant growth, driven by e-commerce expansion and technological advancements. Adherence to regulatory frameworks and a commitment to innovation are essential for industries to thrive in this dynamic environment.
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Bringg
Curri
DoorDash
GoShare
Instacart
Postmates
Quincus
UberEats
Veho
WorkFusion
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Crowdsourced Last Mile Delivery Market
Manual Delivery
Automated Delivery
Same-day Delivery
Next-day Delivery
Scheduled Delivery
Small Packages
Medium Packages
Large Packages
GPS & Route Optimization
Drone Delivery
Robotic Delivery
AI-Based Systems
E-commerce
Food & Beverage
Healthcare
Retail
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Crowdsourced Last Mile Delivery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Crowdsourced Last Mile Delivery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Crowdsourced Last Mile Delivery Market, By Type
6. South Korea Crowdsourced Last Mile Delivery Market, By Application
7. South Korea Crowdsourced Last Mile Delivery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Crowdsourced Last Mile Delivery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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