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Latin America Logistics Market Size, Share, Growth, Report: By Model Type: 1 PL, 2 PL, 3 PL, Others; By Transportation Mode: Roadways, Seaways, Railways, Airways; By End User: Manufacturing, Consumer Goods and Retail, Food and Beverages, IT Hardware and Telecom, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Latin America Logistics Market Outlook
The Latin America logistics market size was valued at USD 633.81 billion in 2023. The market is further projected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of USD 1074.84 billion by 2032.
Key Takeaways
- The growth of the e-commerce industry, rise in reverse logistics operations, and the adoption of tech-driven logistics services and IoT-enabled connected devices are boosting the Latin America logistics market development.
- The growth in the automotive sector is driving the demand for contract logistics players to support the transportation and storage of vehicles and parts to domestic and international markets.
- As per industry reports, prominent players in the market are FedEx Corporation, United Parcel Service, Inc., Deutsche Post AG, CMA CGM Group (CEVA Logistics SA), and Kuehne + Nagel International AG.
In Mexico, the automotive industry has experienced significant growth, with companies like Nissan, General Motors, and Volkswagen operating manufacturing plants in the country. This growth has led to increased demand for logistics services to transport automotive parts and finished vehicles to domestic and international markets, creating opportunities for logistics providers to provide transportation, warehousing, and other logistics services to the automotive industry.
E-commerce giants like MercadoLibre in Brazil and Linio in Mexico are expanding their operations and driving the need for efficient last-mile delivery services. The increasing demand for home delivery and the need to reduce delivery times and costs are driving logistics companies to invest in route optimisation software, delivery drones, and micro-fulfilment centres to reduce delivery times and costs.
The increasing adoption of technology and IoT-enabled connected devices is transforming the logistics industry in Latin America. Logistics companies like Rappi in Colombia are investing in AI, machine learning, and IoT technology to track and monitor their shipments in real-time, optimise their routes, and reduce delivery times.
According to Latin America logistics market analysis, 1 PL is primarily used by large companies with significant logistics needs. The growth in the healthcare and construction industries is driving the demand for 1 PL services in the region. 2 PL is primarily used by small and medium-sized enterprises (SMEs) that require specific logistics services but do not have the resources to manage them in-house. The growing e-commerce market in the region is leading logistics players to focus on warehousing, inventory management, and faster deliveries, which is driving the demand for 2 PL services. 3 PL is primarily used by companies that require end-to-end logistics solutions, such as those in the retail and consumer goods sectors.
Market Segmentation
Latin America Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Model Type
- 1 PL
- 2 PL
- 3 PL
- Others
Market Breakup by Transportation Mode
- Roadways
- Seaways
- Railways
- Airways
Market Breakup by End User
- Manufacturing
- Consumer Goods and Retail
- Food and Beverages
- IT Hardware and Telecom
- Healthcare
- Chemicals
- Construction
- Automotive
- Oil and Gas
- Others
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Others
Competitive Landscape
Market players are focused on achieving their sustainability targets by adding electric fleet for delivering goods, enhancing transport networks, and using technological advancements.
- FedEx Corporation
- United Parcel Service, Inc.
- Schenker AG
- C.H. Robinson Worldwide Inc.
- Deutsche Post AG
- DSV A/S
- CMA CGM Group (CEVA Logistics SA)
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- Expeditors International of Washington, Inc.
- Kintetsu World Express Inc.
- A.P. Møller – Mærsk A/S
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Model Type |
|
| Breakup by Transportation Mode |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Logistics Market Overview
8.1 Key Industry Highlights
8.2 Global Logistics Historical Market (2018-2023)
8.3 Global Logistics Market Forecast (2024-2032)
8.4 Global Logistics Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Logistics Market Overview
9.1 Key Industry Highlights
9.2 Latin America Logistics Historical Market (2018-2023)
9.3 Latin America Logistics Market Forecast (2024-2032)
10 Latin America Logistics Market by Model Type
10.1 1 PL
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 2 PL
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 3 PL
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Latin America Logistics Market by Transportation Mode
11.1 Roadways
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Seaways
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Railways
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Airways
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Latin America Logistics Market by End User
12.1 Manufacturing
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Consumer Goods and Retail
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Food and Beverages
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 IT Hardware and Telecom
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Healthcare
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Chemicals
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Construction
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Automotive
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
12.9 Oil and Gas
12.9.1 Historical Trend (2018-2023)
12.9.2 Forecast Trend (2024-2032)
12.10 Others
13 Latin America Logistics Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Argentina
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 FedEx Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 United Parcel Service, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schenker AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 C.H. Robinson Worldwide Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Deutsche Post AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DSV A/S
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 CMA CGM Group (CEVA Logistics SA)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kuehne + Nagel International AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Nippon Express Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Expeditors International of Washington, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Kintetsu World Express Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 A.P. Møller – Mærsk A/S
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Logistics Market: Key Industry Highlights, 2018 and 2032
2. Latin America Logistics Market: Key Industry Highlights, 2018 and 2032
3. Latin America Logistics Historical Market: Breakup by Model Type (USD Billion), 2018-2023
4. Latin America Logistics Market Forecast: Breakup by Model Type (USD Billion), 2024-2032
5. Latin America Logistics Historical Market: Breakup by Transportation Mode (USD Billion), 2018-2023
6. Latin America Logistics Market Forecast: Breakup by Transportation Mode (USD Billion), 2024-2032
7. Latin America Logistics Historical Market: Breakup by End User (USD Billion), 2018-2023
8. Latin America Logistics Market Forecast: Breakup by End User (USD Billion), 2024-2032
9. Latin America Logistics Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Latin America Logistics Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Latin America Logistics Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 633.81 billion.
The market is expected to grow at a CAGR of 6.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1074.84 billion by 2032.
The growth in the automotive sector, the growing e-commerce market, and the need for faster deliveries and lower costs has led to a surge in demand for streamlined logistics and supply chain management solutions.
Key trends aiding the market expansion include the growth of e-commerce, the increasing reliance on 3PLs, integration of technology in freight fleet and services, and a shift towards customer-centric logistics.
Countries considered in the market are Brazil, Mexico, and Argentina, among others.
Based on end user, the market segmentations include manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others.
1 PL, 2 PL, and 3 PL are considered in the report.
Key players in the market are FedEx Corporation, United Parcel Service, Inc., Schenker AG, C.H. Robinson Worldwide Inc., Deutsche Post AG, DSV A/S, CMA CGM Group (CEVA Logistics SA), Kuehne + Nagel International AG, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., Kintetsu World Express Inc., and A.P. Møller – Mærsk A/S, among others.
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