Third-party Logistics (3PL) Market in Brazil:
About this market
Technavio’s third-party logistics (3PL) in Brazil market analysis considers sales from consumer goods, manufacturing, automotive, and others. In 2018, the consumer goods segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as Uncertainty in demand for consumer goods and the increasing threat of cargo theft will play a significant role in the consumer goods segment to maintain its market position. Also, our third-party logistics (3PL) in Brazil market report looks at factors such as soaring e-commerce sector in brazil, cost benefits of using 3PLand improving manufacturing sector in Brazil. However, the rise in cargo theft, soaring fuel price in Brazil, and inadequate transport infrastructure in Brazil may hamper the growth of the third-party logistics (3PL) in Brazil industry over the forecast period.
Third-party Logistics (3PL) Market in Brazil: Overview
The soaring e-commerce sector in Brazil
E-commerce companies prefer 3PL to manage their supply chain efficiently by reaching end-users across regions. They are experiencing huge demand, compelling them to use 3PL rather than using their logistics. The majority of e-commerce companies opt for 3PL services to reduce in-house operational costs. The need for transportation and warehousing services is increasing due to the growing manufacturing activities. Such growth will increase the demand for 3PL for both long-distance transportation and last-mile delivery across the country leading to the expansion of the third-party logistics (3PL) market in Brazil at a CAGR of almost 8% during the forecast period.
The increasing popularity of sustainable resources
The rise in environmental awareness has increased the concerns on vehicular pollution in Brazil. To overcome this issue, 3PL service providers started adopting eco-friendly methodologies in their transportation process. This leads the service providers to increase the adoption of biofuels such as flexible fuel which comprises of ethanol and gasoline. Ethanol which is used for fuel is extracted from sugarcane. The increase in adoption of such sustainable resources is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the third-party logistics (3PL) market in Brazil during the forecast period 2019-2023, click here.
With the presence of several major players, the third-party logistics (3PL) market in Brazil is highly fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading manufacturers of third-party logistics (3PL) market in Brazil. These vendors include C.H. Robinson Worldwide Inc., CEVA Logistics AG, DB Schenker, Deutsche Post AG, DSV AS, Kintetsu World Express Inc., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Sinotrans Ltd., United Parcel Service Inc.
Also, the third-party logistics (3PL) in Brazil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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