South & Central America Third Party Logistics Market Forecast to 2030
South & Central America Third Party Logistics Market Forecast to 2030 – Regional Analysis – by Mode of Transports (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, Inventory Management, and Others), and End user (Automotive, Healthcare, Retail, Consumer Goods, and Others)
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Description
Increasing Trends of Sustainability Fuel South & Central America Third Party Logistics Market
Many large and medium-sized organizations are taking initiatives to optimize their business processes to reduce carbon footprints. The transportation and logistics sector is among the major contributors to carbon emissions, accounting for approximately 27% of the total emissions. Many third-party logistics firms are helping shippers improve mobility by planning more effective routes, using environmentally friendly modes of transportation, and occupying key places. Third-party logistics providers such as Borderline help reduce carbon emissions during the transportation stage of distribution by raising the fill rate per transport unit per tank of fuel, using higher-capacity vehicles, and performing routine maintenance of transport vehicles. While historically, the engineering of packing technologies has prioritized economic effectiveness and secure shipping over sustainability, many third-party logistics providers are rapidly moving to eco-friendly packaging to reduce their environmental impact. As recycled waste is used in the creation of eco-friendly packaging, fewer harmful resources are used, which lowers overall carbon emissions. Initiatives like these that focus on reducing carbon footprints are aligning with organizations’ business strategy, ultimately driving the third-party logistics industry. In addition, governments of developed nations are compelling organizations to adopt greener practices. As a result, many manufacturing companies are searching for third-party logistics providers that have introduced eco-friendly efforts in light of this trend. Some of the practices involve minimizing waste production, lowering the carbon footprint of transportation, and adopting recyclable or environmentally friendly packaging.
South & Central America Third Party Logistics Market Overview
The third-party logistics market in South & Central America is growing steadily. Constant growth in the automotive, steel, and petrochemicals sectors and investments and expansion of the global players in Asia Pacific are a few major factors for the 3PL market’s growth in the region. In July 2023, DHL Group announced an investment of US$ 500 million in its Latin American division to expand its supply chain. Further, the Development Bank of Latin America and Caribbean Economic System (SELA) signed a contract to develop the national port sector as part of enhancing their logistics sector. The overall growth of Brazil in the 3PL and logistic sector is steady. The government is now increasing its investments in the transportation and logistics infrastructure. According to government estimates, public investment in logistics infrastructure jumped 50% year-on-year to 3.88 billion reais (i.e., US$ 816 million) in January-May 2023. Road investments increased by 54.5% to 3.54 billion reais (i.e. US$ 747 million) in the first five months of 2023. Most of the players operating in the market are expanding and investing in the economy, ultimately driving the 3PL market. For instance, in 2023, Logistics Plus Inc., one of the leading players in logistics, announced the opening of its office in Brazil.
South & Central America Third Party Logistics Market Revenue and Forecast to 2030 (US$ Billion)
South & Central America Third Party Logistics Market Segmentation
The South & Central America third party logistics market is categorized into mode of transports, services, end user, and country.
Based on mode of transports, the South & Central America third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held the largest market share in 2022.
In terms of services, the South & Central America third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held the largest market share in 2022.
Based on end user, the South & Central America third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held the largest market share in 2022.
By country, the South & Central America third party logistics market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America third party logistics market share in 2022.
C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA , Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, and United Parcel Service Inc are among the leading companies operating in the South & Central America third party logistics market.
Summary Info
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According to the Research Team’ research, the South & Central America third party logistics market was valued at US$ 55.13 billion in 2022 and is projected to reach US$ 79.10 billion by 2030, registering a CAGR of 4.6% from 2022 to 2030. Surging adoption of e-commerce and implementation of software solutions and adoption of big data analytics are among the critical factors attributed to drive the South & Central America third party logistics market growth.
Logistics is a complex process that involves the flow of multiple goods and information across the network of suppliers, carriers, and warehouses. This complexity can be handled using software systems, which allow the analysis of real-time and real-world data. This implementation of software systems improves lead times, reduces excess inventory levels, helps in resolving warehousing issues, and decreases inventory costs. Increased competitiveness in the industry is the major reason for third-party investing in automation and digitization. In the coming years, third-party logistics firms are expected to shift toward mobile technology to reduce paper records.
The adoption of RFID-enabled devices is also expected to store data for easy transport that will also simplify tracking and identification of products. Software related to transportation management systems will reduce inefficiency and costs. Furthermore, the usage of speech recognition software in warehouse management system communications will help with order turnaround and inventory records while lowering employee training needs. Along with this, the acceptance of cloud-based technology in third-party logistics organizations will respond to demands by recognizing the need for client access, allowing them to address seasonal trends better.
Big Data is another technology that is transforming the third-party logistics industry notably. By analyzing financial and operational KPIs and providing the best shipping experience, a data-driven strategy aids third-party logistics service providers in maintaining flexibility. Third-party logistics service providers will be able to turn data into insightful knowledge by developing data science technologies and other resources. End-to-end supply chain visibility, improved resource planning, and cost reduction are a few of them. According to a study done by Council of Supply Chain Management Professionals in 2021, 98% of third-party logistics organizations and 93% of shippers agree that data analytics are essential for making wise business decisions. In fact, 71% of them think data analytics significantly improves the effectiveness and quality of their company. Thus, advancements in third-party logistics such as IT solutions, supply chain software, higher use of mobile technology and Big Data, and greater inclination toward the use of cloud-based systems will help companies meet the real-time demand for services.
On the contrary, reduced control of manufacturer hampers the growth of South & Central America third party logistics market.
Based on mode of transports, the South & Central America third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held 34.9% market share in 2022, amassing US$ 19.24 billion. It is projected to garner US$ 26.97 billion by 2030 to register 4.3% CAGR during 2022-2030.
In terms of services, the South & Central America third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held 25.2% share of South & Central America third party logistics market in 2022, amassing US$ 13.91 billion. It is anticipated to garner US$ 19.82 billion by 2030 to expand at 4.5% CAGR during 2022-2030.
Based on end user, the South & Central America third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held 52.1% market share in 2022, amassing US$ 52.14 billion. It is projected to garner US$ 58.69 billion by 2030 to register 1.5% CAGR during 2022-2030.
Based on country, the South & Central America third party logistics market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of the South & Central America. Our regional analysis states that the Rest of South & Central America captured 50.4% share of South & Central America third party logistics market in 2022. It was assessed at US$ 27.78 billion in 2022 and is likely to hit US$ 38.49 billion by 2030, registering a CAGR of 4.2% during 2022-2030.
Key players operating in the South & Central America third party logistics market are C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA, Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, and United Parcel Service Inc, among others.
2023: C.H. Robinson announced the opening of a new facility that speeds up trade across the Mexico border, at a time when a growing number of global shippers are nearshoring in order to diversify and fortify their supply chains. It’s one of the largest cross-docks in Laredo, the nation’s No. 1 inland port, where the logistics company has been facilitating global business for more than 30 years.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America third party logistics market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America third party logistics market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Third Party Logistics Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. South & Central America Third Party Logistics Market – Key Industry Dynamics
5.1 South & Central America Third Party Logistics Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Need for Overall Operational Cost Reduction, Delivery Management, and Better Operational Efficiency
5.2.2 Surging Adoption of E-Commerce
5.2.3 Benefits of Managing Seasonal Variations of Products
5.3 Market Restraints
5.3.1 Reduced Control of Manufacturer
5.4 Market Opportunities
5.4.1 Increasing Trends of Sustainability
5.5 Future Trends
5.5.1 Implementation of Software Solutions and Adoption of Big Data Analytics
5.6 Impact of Drivers and Restraints:
6. Third Party Logistics Market – South & Central America Market Analysis
6.1 South & Central America Third Party Logistics Market Revenue (US$ Billion), 2020 – 2030
6.2 South & Central America Third Party Logistics Market Forecast and Analysis
7. South & Central America Third Party Logistics Market Analysis – Mode of Transports
7.1 South & Central America Third Party Logistics Market, By Mode of Transports (2022 and 2030)
7.2 Roadways
7.2.1 Overview
7.2.2 Roadways Market, Revenue and Forecast to 2030 (US$ Billion)
7.3 Railways
7.3.1 Overview
7.3.2 Railways Market, Revenue and Forecast to 2030 (US$ Billion)
7.4 Waterways
7.4.1 Overview
7.4.2 Waterways Market, Revenue and Forecast to 2030 (US$ Billion)
7.5 Airways
7.5.1 Overview
7.5.2 Airways Market, Revenue and Forecast to 2030 (US$ Billion)
8. South & Central America Third Party Logistics Market Analysis – Services
8.1 South & Central America Third Party Logistics Market, By Services (2022 and 2030)
8.2 International Transportation
8.2.1 Overview
8.2.2 International Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.3 Warehousing
8.3.1 Overview
8.3.2 Warehousing Market, Revenue and Forecast to 2030 (US$ Billion)
8.4 Domestic Transportation
8.4.1 Overview
8.4.2 Domestic Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.5 Inventory Management
8.5.1 Overview
8.5.2 Inventory Management Market, Revenue and Forecast to 2030 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
9. South & Central America Third Party Logistics Market Analysis – End user
9.1 South & Central America Third Party Logistics Market, By End user (2022 and 2030)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market, Revenue and Forecast to 2030 (US$ Billion)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare Market, Revenue and Forecast to 2030 (US$ Billion)
9.4 Retail
9.4.1 Overview
9.4.2 Retail Market, Revenue and Forecast to 2030 (US$ Billion)
9.5 Consumer Goods
9.5.1 Overview
9.5.2 Consumer Goods Market, Revenue and Forecast to 2030 (US$ Billion)
9.6 Others
9.6.1 Overview
9.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
10. South & Central America Third Party Logistics Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Third Party Logistics Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Brazil Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.1.1 Brazil Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.1.2 Brazil Third Party Logistics Market Breakdown by Services
10.1.1.1.3 Brazil Third Party Logistics Market Breakdown by End user
10.1.1.2 Argentina Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.2.1 Argentina Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.2.2 Argentina Third Party Logistics Market Breakdown by Services
10.1.1.2.3 Argentina Third Party Logistics Market Breakdown by End user
10.1.1.3 Rest of South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.3.1 Rest of South & Central America Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.3.2 Rest of South & Central America Third Party Logistics Market Breakdown by Services
10.1.1.3.3 Rest of South & Central America Third Party Logistics Market Breakdown by End user
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions
12. Company Profiles
12.1 Sinotrans Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 DB Schenker
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GEODIS SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 United Parcel Service Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kuehne + Nagel International AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 C H Robinson Worldwide Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DSV AS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nippon Express Co Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1. South & Central America Third Party Logistics Market Segmentation
Table 2. South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Billion)
Table 3. South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Billion) – Mode of Transports
Table 4. South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Billion) – Services
Table 5. South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Billion) – End user
Table 6. Brazil Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Mode of Transports
Table 7. Brazil Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Services
Table 8. Brazil Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – End user
Table 9. Argentina Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Mode of Transports
Table 10. Argentina Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Services
Table 11. Argentina Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – End user
Table 12. Rest of South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Mode of Transports
Table 13. Rest of South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – Services
Table 14. Rest of South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn) – End user
LIST OF FIGURES
Figure 1. South & Central America Third Party Logistics Market Segmentation, By Country
Figure 2. Ecosystem: Third Party Logistics Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Third Party Logistics Market Revenue (US$ Billion), 2020 – 2030
Figure 5. South & Central America Third Party Logistics Market Share (%) – Mode of Transports, 2022 and 2030
Figure 6. Roadways Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 7. Railways Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 8. Waterways Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 9. Airways Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 10. South & Central America Third Party Logistics Market Share (%) – Services, 2022 and 2030
Figure 11. International Transportation Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 12. Warehousing Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 13. Domestic Transportation Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 14. Inventory Management Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 15. Others Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 16. South & Central America Third Party Logistics Market Share (%) – End user, 2022 and 2030
Figure 17. Automotive Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 18. Healthcare Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 19. Retail Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 20. Consumer Goods Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 22. South & Central America Third Party Logistics Market, By Key Country – Revenue (2022) (US$ Billion)
Figure 23. South & Central America Third Party Logistics Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 24. Brazil Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
Figure 25. Argentina Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
Figure 26. Rest of South & Central America Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
The List of Companies – South & Central America Third Party Logistics Market
1. C H Robinson Worldwide Inc
2. DB Schenker
3. DSV AS
4. GEODIS SA
5. Kuehne + Nagel International AG
6. Nippon Express Co Ltd
7. Sinotrans Ltd
8. United Parcel Service Inc
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