Latin America Third-party Logistics Market Size & Outlook
Latin America third-party logistics market, 2018-2030 (US$M)
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Latin America third-party logistics market highlights
- The Latin America third-party logistics market generated a revenue of USD 38,442.3 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, itm was the largest revenue generating services in 2023.
- VALs is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 38,442.3 million |
| Market revenue in 2030 | USD 63,145.8 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Itm |
| Fastest growing segment | VALs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | DCC/Freight Forwarding, DTM, ITM, W&D, VALs |
| Key market players worldwide | Burris Logistics, C.H. Robinson Worldwide Inc, CEVA Logistics, DSV AS, DB Schenker, FedEx Corp, JB Hunt Transport Services Inc, Kuehne + Nagel International AG, Nippon Express Holdings Inc, United Parcel Service Inc Class B, Yusen Logistics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global third-party logistics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 884,322.0 million by 2030.
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Third-Party Logistics Market Scope
Third-Party Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America third-party logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to third-party logistics market will help companies and investors design strategic landscapes.
Itm was the largest segment with a revenue share of 35.69% in 2023. Horizon Databook has segmented the Latin America third-party logistics market based on dcc/freight forwarding, dtm, itm, w&d, vals covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing e-commerce demand and e-commerce traffic in relation to sourcing, tracking, warehousing, and delivery of products in the retail sector are giving rise to the adoption of 3PL and modernization of 3PL services within South American countries, including Brazil.
The e-commerce customers from the retail, healthcare, and manufacturing sectors are compelling the 3PL service providers to modernize their warehousing, improve cross-border speed, streamline fulfillment, and service a consumer client.
In turn, this is making the third logistics market players improvise their operational flexibility to cater to this demanding marketplace and gain higher benefits. Currently, the last-mile delivery in South America represents the very high cost for the 3PL e-commerce operations due to challenges associated with finding delivery locations due to un-named streets.
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Our clientele includes a mix of third-party logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America third-party logistics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America third-party logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America third-party logistics market size, by country, 2018-2030 (US$M)
Latin America Third-Party Logistics Market Outlook Share, 2023 & 2030 (US$M)
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