Last Mile Delivery Market in Brazil Witnessed YOY Growth Rate of 9.62% in 2021, Growing E-commerce Sector to Boost the Market Growth – Technavio – QNT Press Release

NEW YORK, July 28, 2022 /PRNewswire/ — The Last Mile Delivery Market Value in Brazil is set to grow by USD 1.76 billionprogressing at a CAGR of 10.32% from 2020 to 2025as per the latest report by Technavio. The premiumization of goods and merchandise delivery is notably driving Brazil last mile delivery market growth, although factors such as operational challenges for last-mile delivery companies may impede the market growth.

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Last Mile Delivery Market in Brazil 2021-2025: Vendor Analysis

  • CRST International Inc.
  • Deutsche Post DHL Group
  • DSV Panalpina AS
  • FedEx Corp.
  • JB Hunt Transport Services Inc.
  • Schenker AG
  • United Parcel Service Inc.
  • United States Postal Service
  • Werner Enterprises Inc.
  • XPO Logistics Inc.

Brazil’s last mile delivery market is fragmented, and the vendors are deploying growth strategies such as providing industry-specific last-mile services and using big data technology to improve delivery service efficiency to compete in the market.

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Last Mile Delivery Market in Brazil 2021-2025: Key Driver

  • A major factor that drives the growth of the last mile delivery market in Brazil is the premiumization of goods and merchandise delivery.
  • It has been identified that about one-fourth of online retail customers are willing to pay a considerable premium over the standard delivery charges for same-day or instant delivery of purchased goods. Therefore, with these additional incentives, market vendors can optimize their last-mile logistics more efficiently.
  • The key product segments that are currently witnessing the fastest growth rate for last-mile deliveries include medical/pharmaceutical products and agricultural products, which require immediate consumption or are perishable.
  • In the case of medical/healthcare products, the time window for delivery can be extremely short, especially during emergencies. As a result, consumers pay a higher price for last-mile delivery services.

Last Mile Delivery Market in Brazil 2021-2025: Major Trend

  • The growing e-commerce sector will fuel the last mile delivery market growth in Brazil.
  • E-commerce continues to flourish in South Americaespecially Brazilprimarily because of improved connectivity and the rising penetration of mobile devices. It is also one of the fastest-growing regions in the world for e-commerce.
  • The increasing penetration of the Internet and online shopping has significantly contributed to the growth of the B2C e-commerce industry across the globe.
  • The need for e-retailers to cater to changes in…

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