3PL Market in Chile Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Chile 3PL Market Analysis

The Chile Third-party Logistics Market size is estimated at USD 4.28 billion in 2024, and is expected to reach USD 5.60 billion by 2029, growing at a CAGR of 5.89% during the forecast period (2024-2029).

• The Chilean third-party logistics (3PL) sector has witnessed robust growth, driven by businesses increasingly outsourcing for transportation, warehousing, and freight forwarding functions. This trend is particularly pronounced as Chile's e-commerce landscape expands, necessitating 3PL providers to manage last-mile deliveries and online retailers' inventories.
• Industry data reveals that in 2022, 64.8% of Chileans made online purchases, a figure projected to rise annually, hitting 69.4% by 2027, buoyed by the country's high 91% internet penetration. The primary e-commerce demographic in Chile falls between 26 and 40 years old (33%), closely followed by the 41-55 age group (29%). About 36% of buyers boast high household incomes, splitting the remaining almost evenly between low and middle-income brackets. The top categories for online purchases in Chile include clothing (50%), shoes (41%), food and beverages (30%), cosmetics (26%), and consumer electronics (25%).
• 3PL providers in Chile increasingly turn to technology, such as tracking systems, warehouse management software, and analytics, to boost operational efficiency and elevate customer service standards. For instance, warehouse automation streamlines operations enhances speed, and increases productivity by reducing human interventions.
• Technologies like automated guided vehicles (AGVs), robotic picking, automated storage and retrieval systems (ASRS), and put-wall picking, all falling under the umbrella of pick-and-place technologies, not only slash error rates but also significantly amplify warehouse productivity. To rein in operational logistics costs, Chile warehouses recognize the necessity of a well-thought-out integration of these efficient automation technologies. In a recent development, in April 2024, US-based GXO Logistics partnered with AR Racking, a prominent industrial racking specialist, in response to escalating demands to expand the storage capacity of one of its Chilean warehouses.
• The Chilean 3PL sector is ripe with opportunities for providers to introduce innovative solutions, enhancing supply chain efficiency and catering to the evolving needs of businesses in this burgeoning economy.

3PL in Chile Market Trends

Infrastructure Development Projects Underway​ Supporting the Chile 3PL Sector

Chile 3PL Market in Segmentation

Third-party logistics companies supply various services that have to do with the logistics of the supply chain. This includes transportation, warehousing, picking and packing, inventory forecasting, order fulfillment, packaging, and freight forwarding. A 3PL (third-party logistics) provider delivers outsourced logistics services, encompassing anything that involves managing one or more facets of procurement and fulfillment activities. 3PL applies to any service contract that involves storing or shipping items. A 3PL service may be a single provider, such as transportation or warehouse storage, or a systemwide bundle of services capable of handling supply chain management.

The Chilean 3PL market is segmented by service (domestic transportation management, international transportation management, and value-added warehousing and distribution) and end-user (automotive and manufacturing, oil and gas, chemicals, distributive trade (wholesale and retail trade, including e-commerce), pharmaceutical and healthcare, construction, and other end users). The report offers the market size in value terms in USD for all the abovementioned segments.