Latin America Freight and Logistics Market Growth, Size, Trends, Share and Future Competition
Latin America Freight and Logistics Market Size- By Type, By Mode of Transportation, By Service, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2473 | Pages: 1 - 152 | Formats*: |
| Category : Automotive & Transportation | |||
Latin America Freight and Logistics Market Introduction and Overview
According to SPER Market Research, the Latin America Freight and Logistics Market is estimated to reach USD 1137.54 Billion by 2033 with a CAGR of 6.4%.
The report includes an in-depth analysis of the Latin America Freight and Logistics Market, including market size and trends, product mix, applications, and supplier analysis. Freight and logistics are the processes of transferring products and commodities via rail, trucks, road cars and large boats carrying containers and planes. It provides contract logistics, warehousing, value-added services, and plans and delivers advanced integrated logistics solutions for complex global supply chain networks. The growth of the Freight and Logistics Market is being driven by an increase in trade-related agreements and global logistics infrastructure, as well as technical advances in the logistics industry for speedy delivery and supply chain.
- In September 2020: Mercado Libre purchased a minority share in Kangu, a Brazilian logistics firm aimed at boosting e-commerce. Kangu allows small sellers to collect and withdraw merchandise purchased through e-commerce.
Market Opportunities and Challenges
The growth of the Latin America Freight and Logistics Market is being fueled by factors such as the development of the e-commerce industry, the rise of reverse logistics operations, the rise of tech-driven logistics services, and the growing adoption of IoT-enabled connected devices. Additionally, the surge in the use of information technology (IT) solutions and software, the emergence of last mile deliveries, and logistics automation provide remarkable growth opportunities for the players in the industry.
E-commerce refers to the purchase and sale of commodities via the internet. Third-party logistics service providers include the delivery of products to consumers. Furthermore, the e-commerce industry uses logistics services to manage and control e-commerce enterprises' supply chains, allowing them to focus on marketing and other company activities. Thus, because of the multiple benefits provided by logistics to the ecommerce business, adoption of logistics services is increasing at a rapid pace, fueling the expansion of the logistics market.
The Latin America Freight and Logistics Market confronts constraints such as insufficient infrastructure, increased logistics costs, and manufacturers' lack of control over logistics services, all of which impede expansion. Robust logistical infrastructure, supply chain management, and trade facilitation are critical for smooth operations. Inadequate infrastructure requires businesses to have higher stock buffers and working capital, reducing competitiveness. Furthermore, poor infrastructure increases costs and reduces supply chain reliability due to inefficiencies in transportation, limited storage, complex tax regimes, low technology adoption, and insufficient logistical knowledge. These obstacles, such as muddy roads, address system anomalies, and inadequate warehousing, drive up logistics costs, impeding industry growth.
Market Competitive Landscape
The major key players in the Latin America Freight and Logistics Market are: A.P. Moller–Maersk, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Supply Chain Solutions, United Parcel Service Inc., Others.
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 Type, By Mode of Transportation, By Service, By End-Use Industry |
| Regions covered | Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Rest of Latin America |
| Companies Covered | A.P. Moller–Maersk, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Supply Chain Solutions, United Parcel Service Inc., Others |
COVID-19 Impact on Latin America Freight and Logistics Market
The COVID-19 epidemic greatly damaged the Latin American freight and logistics business, causing supply chain disruptions, border closures, and restricted transportation capacity. Lockdowns and mobility restrictions affected regional trade and logistics operations. The downturn in economic activity, along with decreased consumer demand, resulted in lower freight volumes and revenue for logistics companies. However, the epidemic has expedited digitalization and the use of technology-driven solutions in the logistics sector to meet the problems provided by the crisis.
Key Target Audience:
- Manufacturers and Producers
- Retailers and Wholesalers
- E-commerce Companies
- Transportation Companies
- Government Agencies
- Investors and Financial Institutions
- Supply Chain Managers and Professionals
- International Trade Organizations
- Technology Providers
- Consumers
- Others
Our in-depth analysis of the Latin America Freight and Logistics Market includes the following segments:
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Key Topics Covered in the Report:
- Latin America Freight and Logistics Market Size (FY’2024-FY’2033)
- Overview of Latin America Freight and Logistics Market
- Segmentation of Latin America Freight and Logistics Market By Type (Cash Logistics, Cold Chain Logistics, Logistics Segment, Reverse Logistics)
- Segmentation of Latin America Freight and Logistics Market By Mode of Transportation (Airways, Railways, Roadways, Waterways)
- Segmentation of Latin America Freight and Logistics Market By Service (Custom clearance, Distribution, Inventory management, Packaging, Transportation, Warehousing, Others)
- Segmentation of Latin America Freight and Logistics Market By End-Use Industry (Banking and Financial Services, Cash Management, Consumer Electronics, Food and Dairy, Government and Public Utilities, Healthcare, Information Technology, Manufacturing, Media and Entertainment, Retail, Telecommunication, Trade and Transportation, Others)
- Statistical Snap of Latin America Freight and Logistics Market
- Expansion Analysis of Latin America Freight and Logistics Market
- Problems and Obstacles in Latin America Freight and Logistics Market
- Competitive Landscape in the Latin America Freight and Logistics Market
- Impact of COVID-19 and Demonetization on Latin America Freight and Logistics Market
- Details on Current Investment in Latin America Freight and Logistics Market
- Competitive Analysis of Latin America Freight and Logistics Market
- Prominent Players in the Latin America Freight and Logistics Market
- SWOT Analysis of Latin America Freight and Logistics Market
- Latin America Freight and Logistics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Latin America Freight and Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Freight and Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Freight and Logistics Market
7. Latin America Freight and Logistics Market, By Type (USD Million)
7.1. Latin America Freight and Logistics Market Value Share and Forecast, By Type, 2024-20337.2. Cash Logistics7.3. Cold Chain Logistics7.4. Logistics Segment7.5. Reverse Logistics
8. Latin America Freight and Logistics Market, By Mode of Transportation (USD Million)
8.1. Latin America Freight and Logistics Market Value Share and Forecast, By Mode of Transportation, 2024-20338.2. Airways8.3. Railways8.4. Roadways8.5. Waterways
9. Latin America Freight and Logistics Market, By Service (USD Million)
9.1. Latin America Freight and Logistics Market Value Share and Forecast, By Service, 2024-20339.2. Custom clearance9.3. Distribution9.4. Inventory management9.5. Packaging9.6. Transportation9.7. Warehousing9.8. Others
10. Latin America Freight and Logistics Market, By End-Use Industry (USD Million)
10.1. Latin America Freight and Logistics Market Value Share and Forecast, By End-Use Industry, 2024-203310.2. Banking and Financial Services10.3. Cash Management10.4. Consumer Electronics10.5. Food and Dairy10.6. Government and Public Utilities10.7. Healthcare10.8. Information Technology10.9. Manufacturing10.10. Media and Entertainment10.11. Retail10.12. Telecommunication10.13. Trade and Transportation10.14. Others
11. Latin America Freight and Logistics Market Forecast, 2020-2033 (USD Million)
11.1. Latin America Freight and Logistics Market Size and Market Share
12. Latin America Freight and Logistics Market, By Type, 2020-2033 (USD Million)
12.1. Latin America Freight and Logistics Market Size and Market Share By Type (2020-2027)12.2. Latin America Freight and Logistics Market Size and Market Share By Type (2028-2033)
13. Latin America Freight and Logistics Market, By Mode of Transportation, 2020-2033 (USD Million)
13.1. Latin America Freight and Logistics Market Size and Market Share By Mode of Transportation (2020-2027)13.2. Latin America Freight and Logistics Market Size and Market Share By Mode of Transportation (2028-2033)
14. Latin America Freight and Logistics Market, By Service, 2020-2033 (USD Million)
14.1. Latin America Freight and Logistics Market Size and Market Share By Service (2020-2027)14.2. Latin America Freight and Logistics Market Size and Market Share By Service (2028-2033)
15. Latin America Freight and Logistics Market, By End-Use Industry, 2020-2033 (USD Million)
15.1. Latin America Freight and Logistics Market Size and Market Share By End-Use Industry (2020-2027)15.2. Latin America Freight and Logistics Market Size and Market Share By End-Use Industry (2028-2033)
16. Latin America Freight and Logistics Market, By Region, 2020-2033 (USD Million)
16.1. Latin America Freight and Logistics Market Size and Market Share By Region (2020-2027)16.2. Latin America Freight and Logistics Market Size and Market Share By Region (2028-2033)16.3. Argentina16.4. Brazil16.5. Chile16.6. Colombia16.7. Costa Rica16.8. Mexico16.9. Panama16.10. Rest of Latin America
17. Company Profile
17.1. A.P. Moller–Maersk17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. C.H. Robinson Worldwide Inc.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. DB Schenker17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Deutsche Post AG (DHL Group)17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. DSV17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. FedEx17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Geodis17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Kuehne+Nagel17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Supply Chain Solutions17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. United Parcel Service, Inc.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Thus, because of the multiple benefits provided by logistics to the ecommerce business, adoption of logistics services is increasing at a rapid pace, fueling the expansion of the logistics market.
Latin America Freight and Logistics Market is projected to reach USD 1137.54 Billion by 2033, growing at a CAGR of 6.4% during the forecast period.
Latin America Freight and Logistics Market size from 2022. The Market is expected to reach USD 1137.54 Billion by 2033, at a CAGR of 6.4% during the forecast period.
Latin America Freight and Logistics Market CAGR of 6.4% during the forecast period.
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Latin America Freight and Logistics Market size is 1137.54 Billion from 2024 to 2033.
Latin America Freight and Logistics Market Segment is covered By Type, By Mode of Transportation, By Service, By End-Use Industry.
The Latin America is anticipated to have the highest market share in the Latin America Freight and Logistics Market.
The key players in the market include Companies Covered A.P. Moller–Maersk, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Supply Chain Solutions, United Parcel Service Inc., Others.
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