The Latin America, Middle East and Africa Retail Logistics Market would witness market growth of 11.3 % CAGR during the forecast period (2021-2027).
Retailers may better serve their customers by combining the offer and demand effectively using information systems and the latest technology, resulting in items that are better presented, more accessible, have a longer usable life cycle, and have fewer shortages. By ensuring that everything is in the appropriate location, good retail logistics can cut total costs and become a competitive advantage.
This is driving up demand for retail logistic services to accelerate product shipment, as well as an increase in trade operations that facilitate movement between different locations. Moreover, international retailing aids countries in boosting their economies by increasing tax income through the import and export of commodities, which may help the industry to expand further.
Retail logistics solutions make the flow of goods through the supply chain more efficient. In addition, the regional countries are slowly transitioning towards the economic growth and adoption of advanced technologies. The high penetration of the internet allows the regional population to order their products online wherein retail logistics can streamline the sales. Moreover, some of the potential benefits reaped by the regional companies after the installation of effective retail logistics solutions are increased store product variety, allowing customers to shop for multiple things in one convenient area.
The Brazil market dominated the LAMEA Retail Logistics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $22.4 billion by 2027. The Argentina market is poised to grow a CAGR of 11.9% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 11% during (2021 - 2027).
Based on Type, the market is segmented into Conventional Retail Logistics and E-Commerce Retail Logistics. Based on Solution, the market is segmented into Supply Chain Solutions, Commerce Enablement, Transportation Management, Reverse logistics & liquidation and Others. Based on Mode of Transport, the market is segmented into Roadways, Railways, Waterways and Airways. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Retail Logistics Market is Predict to reach $388.6 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kintetsu World Express, Inc. (APL Logistics Ltd.) (Kintetsu Group Holdings Co., Ltd.), A.P. Moller - Maersk A/S, DSV A/S, Deutsche Post DHL Group, FedEx Corporation, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., United Parcel Service, Inc., and C.H. Robinson Worldwide, Inc.
By Type
By Solution
By Mode of Transport
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.