Market Size of Latin America Cross Border Road Freight Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 33.07 Billion |
| Market Size (2029) | USD 45.45 Billion |
| CAGR (2024 - 2029) | 6.57 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Cross Border Road Freight Market Analysis
The Latin America Cross Border Road Freight Market size is estimated at USD 33.07 billion in 2024, and is expected to reach USD 45.45 billion by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).
The market is experiencing increasing investments in shipping and trucking segments with the increasing demand for perishable goods and oil and gas. B2C-related cross-border deals have also been strong in this growing stream of Latin America. The imaginations of blue-water regions such as Mexico, Chile, and Brazil are expanding across the world's e-commerce landscape.
Land freight transport in Latin America is the most important mode of transportation for the region's subsystems of production, distribution, and sustainable development executing national and international merchandise distribution logistics. However, the poor road infrastructure in the region is a major limitation to the growth of the segment.
