Market Size of brazil road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 42.87 Billion |
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Market Size (2030) | USD 56.55 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 4.72 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Road Freight Transport Market Analysis
The Brazil Road Freight Transport Market size is estimated at 42.87 billion USD in 2024, and is expected to reach 56.55 billion USD by 2030, growing at a CAGR of 4.72% during the forecast period (2024-2030).
42.87 Billion
Market Size in 2024 (USD)
56.55 Billion
Market Size in 2030 (USD)
3.21 %
CAGR (2017-2023)
4.72 %
CAGR (2024-2030)
Largest Market by Distance
75.37 %
value share, Long Haul, 2023
Long-haul trucking is significant to the Brazilian economy due to the growing trade and cross-border freight transport in the country.
Largest Market by Goods Configuration
71.08 %
value share, Solid Goods, 2023
With substantial investments in consumer and industrial products, the solid goods segment accounts for the highest market share as the industries under this category account for the most goods transported.
Largest Market by End User Industry
42.39 %
value share, Manufacturing, 2023
The manufacturing segment contributed around 11.30% to the GDP in 2022. The sector is expected to contribute even more over the coming years due to the implementation of Industry 4.0 technologies.
Fastest Growing Market by Truckload Specification
5.29 %
Projected CAGR, Less than-Truck-Load (LTL), 2024-2030
A growing demand for online goods generates significant demand for LTL trucking. The number of online shoppers increased by 24% YoY in 2022 and reached 108.9 million.
First Leading Market Player
1.87 %
market share, RTE Rodonaves, 2022
Grupo Rodonaves provides road freight services with its subsidiary, RTE Rodonave. The company provides services to 5,000 cities across Brazil through its 300 units.
E-commerce industry’s impressive 26% growth set to catalyze Brazil's economy
- In the Brazilian economy, manufacturing is the major contributing sector. Among the various product-based industries in the manufacturing sector, material products hold the largest revenue share of 51.03%. It is followed by consumer products with a share of 30.12% and automotive products with a share of 7.78%. The primary categories driving growth in these industries are automobiles, trailers, vehicle bodies, machinery and equipment, and metallurgy. In addition, the automotive industry produced 2,204,000 automobiles and light commercial vehicles in 2023, just 1.3% growth over 2022.
- E-commerce is one of the largest growing industries in Brazil. The country is one of Latin America's most advanced e-commerce markets, with online shopping accounting for 17% of consumers' consumption. E-commerce sales increased by 26.5% in Brazil in 2021 and reached USD 37.5 billion. Almost 13 million new consumers started buying online, creating a total of 87.7 million online shoppers in Brazil in 2021. In addition, e-commerce in Brazil accounted for 18% of the share of retail in 2022, while the average for Latin America was barely 8%. The e-commerce market in Brazil is expected to grow at a CAGR of 14% during the period 2023-2027.
- Mercado Libre, the world's largest e-commerce company, announced a record USD 3.6 billion investment in Brazil, with its fintech business serving as one of the engines of growth in Latin America's largest economy. Mercado Libre, which has a market capitalization of USD 60 billion and trades in US markets, had announced plans to invest BRL 19 billion (USD 3.6 billion) in 2023 to expand its business in Brazil. The Argentine company has expanded beyond its home country, where it has a monopoly, to gain a stake in other regional economies.
Understand The Key Trends Shaping This Market
