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Oct. 22, 2020, 10:11 a.m. EDT

Latin America Logistics Market to Portray a CAGR of 6.2% from 2020 to 2027: Allied Market Research

Surge in implementation of technologically driven logistics services and increase in IoT-enabled connected devices adoption propel the growth of the Latin America logistics market. Brazil accounted for highest market share in 2019, and is projected to maintain its dominance by 2027. The lockdown by governments of many countries hindered the goods movement and the logistic processes such as reverse logistics have been affected considerably.

Portland, OR, Oct 22, 2020 (GLOBE NEWSWIRE via COMTEX) -- Portland, OR, Oct. 22, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Latin America logistics market garnered $542.40 billion in 2019, and is estimated to reach $784.60 billion by 2027, portraying a CAGR of 6.2% from 2020 to 2027. The report offers a comprehensive analysis of changing market dynamics, key winning strategies, top investment pockets, major segments, and competitive scenario.

Rise in technologically driven logistics services, surge in IoT-enabled connected devices adoption, and development of the e-commerce market propel the growth of the Latin America logistics market. However, lack of required infrastructure, high cost of logistics, and lack of firm control of manufacturers on logistics services hinder the market growth. Contrarily, rise in usage of information technologies (IT) solutions & software and emergence of last mile delivery services would offer new opportunities for the market players in the coming years.

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COVID-19 Scenario :

  • With massive impact of the pandemic on industries such as aviation, manufacturing, automotive, and food & beverages, logistics chains have been disrupted.

  • The lockdown imposed by governments of many countries restricted the movement of goods from one place to another. The logistic processes such as reverse logistics and cold chain logistics have been affected considerably.

  • Moreover, closure of manufacturing activities in many industries affected the logistics processes. E-commerce platforms also halted their services during the lockdown.

The report offers a detailed segmentation of the Latin America logistics market based on type, end use, mode of transport, and country.

Get Detailed COVID-19 Impact Analysis on the Latin America Logistics Market Request Here!

By type , the logistics segment accounted for the highest share in 2019, contributing to more than four-fifths of the total market share, and will maintain its leadership status throughout the forecast period. However, the cash logistics segment is expected to witness the largest CAGR of 10.1% from 2020 to 2027.

Based on end use , the cash management segment is projected to register the highest CAGR of 11.4% during the forecast period. However, the manufacturing segment contributed to the highest share in terms of revenue in 2019, holding nearly one-fourth of the Latin America logistics market, and will maintain its lead throughout the forecast period.

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By country , Brazil held highest market share in 2019, accounting for nearly two-fifths of the total market share, and is estimated to continue its dominance in terms of revenue by 2027. However, Costa Rica is expected to witness the highest CAGR of 15.3% from 2020 to 2027.

Key players of the Latin America logistics market analyzed in the research include A.P. Moller-Maersk, DB Schenker, C.H. Robinson Worldwide, Inc., DSV, Deutsche Post AG (DHL Group), Geodis, FedEx, Supply Chain Solutions and United Parcel Service, Inc., Kuehne+Nagel, and others.

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Similar Reports We Have on Freight & Logistics Industry :

Autonomous Last Mile Delivery Market by Application (Logistics, Healthcare & Pharmaceuticals, Food & Beverages Retail, and Others), Solution (Hardware, Software, and Service), Range (Short Range (<20 km) and Long Range (>20 km)), and Vehicle Type (Aerial Delivery Drones, Ground Delivery Vehicles, and Self-driving Trucks & Vans): Global Opportunity Analysis and Industry Forecast, 2021-2030.

Third-party Logistics (3PL) Market by Mode of Transportation (Railways, Roadways, Waterways, and Airways), Service Type (Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, Warehousing & Distribution, and Others) and Industry (Technological, Automotive, Retailing, Elements, Food & Groceries, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027.

Cold Chain Logistics Market by End Use Industry (Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, Drugs & Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.

Reverse Logistics Market by Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, and End-of-life Returns) and End User (E-commerce, Automotive, Pharmaceutical, Consumer Electronic, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

Cash Logistics Market by Service (Cash management, Cash-in-transit, and ATM Services), and End User (Financial Institutions, Retailers, Government Agencies, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

Freight forwarding Market by Service (Packaging, Documentation, Transportation & warehousing and VAS (Value-added services) - Global Opportunity Analysis and Industry Forecast 2020-2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue . An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.







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