Argentina Freight and Logistics Market Share, Revenue, Demand, Trends, Growth Drivers, CAGR Status, Competition and Future Investment Opportunities 2033


Argentina Freight and Logistics Market Share, Revenue, Demand, Trends, Growth Drivers, CAGR Status, Competition and Future Investment Opportunities 2033: SPER Market Research

 Published: Jul-2024
 Author: SPER Analyst

Argentina Road Freight Transport Market is projected to be worth USD 130.86 billion by 2033 and is anticipated to surge at a CAGR of 8.25%.

Road goods transport is the shipment or transportation of goods via a roadway. This is one of the most prevalent ways of freight transportation. Road freight transport vehicles include pick-up trucks, lorry tanks, refrigerated trucks, truck trailers and flatbed trucks. This goods transit method is less expensive, more efficient, and offers door-to-door service. Food and beverage, automotive, chemicals, oil and gas, and healthcare are among the industries that commonly use road freight transit.

Argentina Road Freight Transport Market Driving Factors and Challenges

Drivers: The rapid increase of e-commerce is increasing demand for effective and quick delivery services, which is boosting the road freight sector. According to the International Trade Administration, e-commerce activity in pesos has increased tenfold since 2000. Argentina has more than 37 million internet users, the third-highest percentage in Latin America behind Brazil and Mexico. According to the Argentine Chamber of Information and Communications (CICOMRA), in 2022, Argentina will have 26 million urban households having access to computers, with 82% connected to the internet. Nine out of ten people own a mobile, and nine out of ten use the internet. WiFi connections are becoming more widely available in both public and private spaces as network capacity grows.

Challenges: Weather and seasonal fluctuations have an impact on road transport. Floods, rain, and snow, for example, make roadways inaccessible. In this case, the roads become hazardous for delivery, and goods service becomes less trustworthy. Furthermore, there are numerous road accidents, and there is always a high risk of accidents or breakdowns while travelling by road. As a result, it lacks the dependability and safety of rail. A big load is difficult to handle and transport on the road. In this instance, there is always the risk of overloading and accidents, which can be expensive.

Impact of COVID-19 on Argentina Road Freight Transport Market
The Covid-19 epidemic has had a major influence on Argentina's goods transport market. The early lockdowns and limitations impacted global supply systems, resulting in a reduction in trade volumes. However, the industry quickly adjusted to the new normal, introducing safety measures, digitising processes, and responding to the spike in e-commerce demand. The pandemic has hastened the deployment of technology in the logistics sector, emphasising the requirement of strong supply chain resilience.

Argentina Road Freight Transport Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Logistica Urbana S.A, Tasa Logistica, Andreani Logistica S.A, Organizaicon Coordinadora Argentina S.R.L, DHL, Rivas, Americana, Clover Logistics, Sea Side, Servicargo Internacional, Transfarmaco S.A.

Argentina Road Freight Transport Market Segmentation:

By Destination: Based on the Destination, Argentina Road Freight Transport Market is segmented as; Domestic, Cross Border/ International.

By End User Industry: Based on the End User Industry, Argentina Road Freight Transport Market is segmented as; Manufacturing, Food and Beverages, Automotive, Healthcare, Distributive Trade, Others.

By Region: This research includes data for Buenos Aires Region, Litoral Region, Northern Region, Cordoba Region, Cuyo Region, Patagonia Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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