Brazil Third Party Logistics (3PL) Market Size To Increase USD 5.22 Billion | Technavio Research Analysis Highlights Introduction of Blockchain Technology as Key Trend | national news

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NEW YORK, November 11, 2021 / PRNewswire / – According to the research report “Third-party logistics market (3PL) in Brazil – Forecast and analysis report 2021-2025“, the market is expected to have an annual growth rate of 3.33% in 2021, with a CAGR of 5% between 2020 and 2025.

The consumer goods sector will create maximum demand for 3PL services in Brazil during the forecast period. The growing demand for rapidly changing consumer goods, food and beverage, and other retail goods such as electronics creates several growth opportunities for market players.

See the sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Supplier Information

The third-party logistics market (3PL) in Brazil is fragmented in nature due to the presence of multiple global and regional players. CH Robinson Worldwide Inc., CEVA Logistics AG, DHL International GmbH, DSV Panalpina AS, Kintetsu World Express Inc., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Sankyu Inc., Schenker AG and Sinotrans Ltd. of the dominant suppliers featured in the report.

Many global players are entering the 3PL market by Brazil through mergers and acquisitions, which leads to market consolidation. For example, in March 2020, CH Robinson Worldwide Inc. has acquired Prime Distribution Services (Prime), a provider of value-added retail consolidation and warehouse services in North America, from Roadrunner Transportation for $ 225 million.

However, competition in the 3PL market in Brazil is expected to intensify with the increase in manufacturing and agricultural activities.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Service-Based 3PL Market Analysis

The warehousing segment will provide maximum growth opportunities in the Third Party Logistics (3PL) market by Brazil during the forecast period. According to our research report, the segment is expected to generate maximum revenue in the market till 2025.

The report also offers a detailed analysis of the market growth in other service segments such as transportation and others.

Learn more about the geographic spread of this market as well as the detailed analysis of major regions. www.technavio.com/report/third-party-logistics-3pl-market-size-in-brazil-industry-analysis

Key market trends and challenges:

The report identifies the introduction of blockchain technology in the logistics industry as the major trend influencing the Third Party Logistics (3PL) market in Brazil. With the growing need to improve efficiency and data security in the blockchain, 3PL service providers in Brazil adopt blockchain technology in their operations. The integration of blockchain also helps them to significantly reduce overheads such as document processing. This trend is expected to positively impact the growth of market players during the forecast period.

However, the increase in cargo theft is reducing the growth opportunities for market players in Brazil. Most of the logistics services of Brazil occur on the roads, increasing the risk of cargo theft. This forces 3PL service providers to make significant investments in preventative security requirements, such as insurance, which increases the overall cost of their services. In addition, fear of theft of goods limits investment in some Brazilian states despite growing demand.

See a free sample for highlights on market trends and challenges affecting the Third Party Logistics (3PL) market.

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Associated reports:

3PL market in the United States – The 3PL market in the United States is segmented by end user (retail, manufacturing, automotive, food and beverage, and others) and by service (transportation, warehousing and distribution, and others).

Download an exclusive free sample report

Third-party logistics market in Europe – 3PL logistics market in Europe is segmented by end-user (manufacturing, retail, consumer goods, healthcare and others), by service (transportation, warehousing and distribution, and others) and by geography (Germany, France, UK, Italy, and the rest of Europe).

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Scope of the third-party logistics (3PL) market in Brazil

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 5% CAGR

Market growth 2021-2025

$ 5.22 billion

Market structure

Fragmented

Annual growth (%)

3.33

Regional analysis

South America and Brazil

Efficient contribution to the market

100% Brazil

Main consumer countries

Brazil

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

CH Robinson Worldwide Inc., CEVA Logistics AG, DHL International GmbH, DSV Panalpina AS, Kintetsu World Express Inc., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Sankyu Inc., Schenker AG and Sinotrans Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio

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