Global Logistics Giants Target Latin America's 5.3% Growth: DHL, Maersk, and CEVA Expand as Market Heads to USD 577.5 Billion

Market Overview

The Latin America Logistics Market reached a size of USD 347.7 Billion in 2024. It is projected to grow at a CAGR of 5.3% during the forecast period of 2025 to 2033, reaching USD 577.5 Billion by 2033. The market growth is driven by rapid economic expansion, manufacturing sector growth, e-commerce surge, infrastructure development, technology integration, and rising free trade agreements.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Latin America Logistics Market Key Takeaways

• The market size was valued at USD 347.7 Billion in 2024.
• The market is projected to grow at a CAGR of 5.3% during 2025-2033.
• The forecast period for this market is 2025 to 2033.
• Growing e-commerce demand across Brazil, Mexico, and Colombia is increasing logistics needs.
• Expansion of manufacturing activities in automotive, consumer goods, and electronics sectors drives freight and logistics.
• Nearshoring trends centered on Mexico boost logistics development and cross-border trade.
• Increasing investment in digital platforms enables real-time tracking and streamlined inventory.
• Infrastructure development in countries such as Chile, Argentina, and Colombia strengthens regional logistics.

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Market Growth Factors

The Latin America logistics market is largely driven by the rapid economic growth within the region and the continuous expansion of the manufacturing sector. Countries like Brazil and Mexico are embracing industrial investments, which reshape freight movement patterns by boosting demand for transportation of raw materials and finished goods. Increased warehouse clusters, road and rail infrastructure, and digital logistics platforms support this growth, particularly for automotive, consumer goods, and electronics sectors.

The surge in e-commerce, especially in major markets such as Brazil, Mexico, and Colombia, has placed significant pressure on logistics providers to upgrade infrastructure and enhance last-mile delivery capabilities. Rising smartphone usage and digital payment adoption encourage online shopping, prompting investments in fulfillment centers close to consumption zones. This spurs demand for route optimization technologies, real-time tracking, and niche delivery solutions suited for regional challenges.

Nearshoring activities further accelerate logistics improvements, with Mexico acting as a key hub due to its proximity to the United States. This has led to growing demands in industrial real estate, trucking, and rail connectivity along Mexico’s northern border. Companies seek warehousing and distribution partnerships adept at managing complex cross-border operations. Additionally, the increasing number of free trade agreements across Latin America facilitates smoother cross-border logistics, expanding freight volumes along trade corridors connecting Mexico, Brazil, Argentina, and Chile.

Market Segmentation

Model Type: The market includes 2 PL, 3 PL, and 4 PL logistics providers, each playing distinct roles in transportation, warehousing, and comprehensive logistics management.

Transportation Mode: The logistics market operates through roadways, seaways, railways, and airways, enabling multimodal freight solutions across the region.

End Use: End-use sectors encompass manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, construction, automotive, telecom, oil and gas, and others, reflecting diverse demand drivers.

Country: The regional market analysis covers Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, recognizing major national logistics hubs.

Regional Insights

Brazil and Mexico emerge as leading countries driving industrial output and logistics development, complemented by growing hubs in Peru and Colombia. The region benefits from expanding free trade agreements, boosting cross-border freight volumes and enhancing customs procedures. These factors collectively position Latin America for sustained logistics market growth through 2033.

Recent Developments & News

In July 2025, DP World inaugurated a new freight forwarding office in Mexico City to bolster supply chain resilience across Latin America, expanding with satellite offices in Guadalajara and Monterrey. In May 2025, CEVA Logistics launched a deep-sea car carrier trade lane linking the Far East with Central and South American ports including Mexico, Panama, Colombia, and Chile. CEVA’s network supports finished vehicle logistics directly to automaker dealerships across the region.

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Key Players

• DP World
• CEVA Logistics

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