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The Brazil - Third-Party Logistics (3PL) Market size is estimated to grow at a CAGR of 9.51% between 2022 and 2027. The market size is forecast to increase by USD 11,032.17 million. The growth of the market depends on several factors, such as the soaring e-commerce sector in Brazil, the 3PL services driving cost-saving and increased scalability as well as flexibility, and the improving manufacturing sector in Brazil.
This report extensively covers market segmentation by Service (transportation, warehousing, and distribution) and end-user (manufacturing, retail, consumer goods, healthcare, and others). It also includes an in-depth analysis of drivers, trends, and challenges.
Brazil Third-Party Logistics (3PL) Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Brazil has the largest logistics market share in South America. On the rise of the demand from industries like retail and motor vehicles, Brazil's manufacturing sector is experiencing growth. The weakening of the Brazilian currency has paved the way for several retail and automotive companies to increase export activities, which, in turn, raised the manufacturing activities in Brazil.
Moreover, the increasing manufacturing activities in Brazil, especially in the automotive industry, are attracting several global 3PL service providers. In addition, The demand for 3PL to supply iron ore, Steel, Engineering, and Other capital-intensive industries with heavy equipment is driven by improved production in the manufacturing sector. It is expected to have a positive impact on the growth of the Brazil third-party logistics (3PL) market during the forecast period.
Blockchain technology is a digital platform that offers distributed transaction ledgers. Multiple computer systems that are controlled by interested parties in the respective blockchain network make it easy to store identical copies of the ledger. Blockchain is an emerging technological system that uses a thread of cryptographically protected records and details of every transaction between all the stakeholders within its network.
Moreover, this eliminates the requirement of a central authority to maintain records. In supply chain management, mainly in logistics, blockchain technology helps in developing a cost-efficient and effective supply chain process. To increase efficiency and data safety in the supply chain, third-party logistics providers have begun to use cryptocurrencies in their supply chain solutions. The introduction of blockchain technology in the logistics industry will positively impact the growth of the Brazil third-party logistics (3PL) market during the forecast period.
Brazil's road network faces congestion and inadequate maintenance, leading to delays and increased transit times for goods. Poor road conditions can have a negative impact on the overall cost efficiency of transport, leading to higher vehicle maintenance costs. The country's railway system is underdeveloped and lacks comprehensive coverage, which limits the cost-efficient movement of goods over long distances.
Moreover, inefficient transport infrastructure contributes to higher logistics costs, which can negatively affect the competitiveness of Brazilian products globally. The economic impact on the whole supply chain is driven by increased transport costs. Such factors are expected to hinder the growth of the Brazil third-party logistics (3PL) market during the forecast period.
The transportation segment will account for a major share of the market's growth during the forecast period. In the Brazil - third-party logistics (3PL) market, the segment of consumer goods has shown strong growth and demand. Companies are actively seeking 3PL providers to enhance their supply chain efficiency and streamline their operations.
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The transportation segment was valued at USD 8,179.39 million in 2017 and continued to grow until 2021. The transportation segment's growth is also driving investments in infrastructure development. The effectiveness and efficiency of cargo transport will be enhanced by investment in modern warehouses, distribution centers, and freight hubs. It is expected to drive the growth of the transportation segment of the global 3PL market during the forecast period.
Based on End-users, the market has been segmented into manufacturing, retail, consumer goods, healthcare, and others. The transportation segment of the Brazil - third-party logistics (3PL) market is experiencing dynamic growth and transformation. Companies operating within this segment are playing a pivotal role in reshaping the logistics landscape of the country. The integration of technology has been a game-changer in this segment. The effectiveness and efficiency of cargo transport are enhanced by investing in state-of-the-art warehouses, distribution centers as well and transportation hubs. Additionally, regulatory reform, which simplifies the process and makes it easier for businesses to do business, plays a major role in shaping the transport landscape. Such factors are expected to drive the demand for 3PL services, which, in turn, is expected to drive the growth of the transportation segment of the Brazil - third-party logistics (3PL) market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BBM Logistica- The company offers third-party logistics such as supply chain logistics, warehouse and distribution, and road transportation services for paper and pulp industries.
We also have detailed analyses of the market’s competitive landscape and offer information on 13 market companies, including:
C H Robinson Worldwide Inc., CMA CGM SA Group, DB Schenker, Deutsche Post AG, DSV AS, FedEx Corp., Fomento Economico Mexicano S.A.B. de C.V, Kintetsu World Express Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Penske Corp., and United Parcel Service Inc.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Brazil third-party logistics (3PL) market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Brazil Third-Party Logistics (3PL) Market Scope |
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Report Coverage |
Details |
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Page number |
140 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.51% |
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Market growth 2023-2027 |
USD 11,032.17 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
9.21 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BBM Logistica, C H Robinson Worldwide Inc., CMA CGM SA Group, DB Schenker, Deutsche Post AG, DSV AS, FedEx Corp., Fomento Economico Mexicano S.A.B. de C.V, Kintetsu World Express Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Penske Corp., and United Parcel Service Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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