Peru Road Freight Transport Market Size (2024 - 2029)

The Peru Road Freight Transport Market is poised for growth, driven by the government's initiatives to enhance transportation infrastructure and attract public and private investment. The market's expansion is supported by the country's robust mining, manufacturing, and agriculture sectors, which generate significant demand for freight services. Despite challenges posed by the COVID-19 pandemic, which impacted economic growth and demand, the increasing trade activities, particularly in mining exports like gold and copper, and agricultural products, are expected to bolster the market's capacity and reach.

Market Size of Peru Road Freight Transport Industry

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Peru Road Freight Transport Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.31 Billion
Market Size (2029) USD 10.75 Billion
CAGR (2024 - 2029) 6.50 %
Market Concentration Low

Major Players

Peru Road Freight Transport Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Peru Road Freight Transport Market Analysis

The Peru Road Freight Transport Market size is estimated at USD 8.31 billion in 2024, and is expected to reach USD 10.75 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).

  • Peru’s government is planning to develop transportation infrastructure and take initiatives to increase public and private investment in infrastructure and create mechanisms to give continuity to its policies. In addition, in 2021, more than 17 OxI projects were awarded, worth around USD 50 million, which was higher than 2019 (USD 22 million) and 2020 (USD 17 million) combined. Thus, the development of transportation infrastructure further bolsters the road freight transportation market in the country.
  • COVID-19 has lowered Peru's economic growth to -13.9 percent for 2020, External demand was badly harmed by the fall in GDP among Peru's trade partners, and domestic demand dropped because of reduced household spending and the suspension of investment projects. In addition to the loss in aggregate demand, the economy was hit by a large supply shock because of the industrial halt imposed by the rigorous lockdown, which lasted several months.
  • Meanwhile, the country’s road freight transport business is bolstered by the country's mining, manufacturing, and agriculture industries. In mining, Peru is a global leader in the production of lead, copper, gold, and zinc, all of which are heavily exported. The most important mining resource in the country is gold. The Yanacocha and Pierina gold mines are the most important gold sources in Peru. In comparison to Peru's other gold reserves, they also generate the most revenue. Gold and copper deposits amount to millions of ounces in the country. Meanwhile, the country experienced a rise in agricultural exports over the last two decades, driven by seasonal exports of high-value fresh fruits and vegetables to the northern hemisphere (mostly grapes, avocados, blueberries, and asparagus). Thus, the growing trade activity in the country further creates a huge demand for road freight transportation networks.

Peru Road Freight Transport Industry Segmentation

The transportation of goods/products via roadways is referred to as road freight transport. It is also one of the world's most traditional kinds of logistics, as well as the most widely used mode of transportation worldwide. If and when needed, road freight is utilized in combination with air and sea freight modes to provide door-to-door delivery. Furthermore, the report covers a comprehensive background analysis of the Peru Road Freight Market covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.

The Peru road freight market is segmented by destination (domestic, international), by end user (manufacturing (including automotive), oil and gas, mining, and quarrying, agriculture, fishing, and forestry, construction, pharmaceutical and healthcare, other end users), by truckload specification (full truckload, less than truckload ), by containerization (containerized, non- containerized ), by distance ( long haul, short haul ), by product type ( liquid goods, solid goods ), and by temperature control ( controlled, non-controlled). The report offers market size and forecasts for the Peru road freight transport market in value (USD) for all the above segments.

By Destination
Domestic
International
By End User
Manufacturing (Including Automotive)
Oil and Gas, Mining, and Quarrying
Agriculture, Fishing, and Forestry
Construction
Pharmaceutical and Healthcare
Other End Users
By Truckload Specification
Full Truckload
Less Than Truckload
By Containerization
Containerized
Non- Containerized
By Distance
Long Haul
Short Haul
By Product Type
Liquid Goods
Solid Goods
By Temperature Control
Controlled
Non-Controlled
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Peru Road Freight Transport Market Size Summary

The Peru road freight transport market is poised for significant growth, driven by government initiatives to enhance transportation infrastructure and increase investments. The country's strategic focus on developing its road networks is expected to bolster the market, supported by the robust performance of key industries such as mining, manufacturing, and agriculture. Peru's position as a global leader in the production of minerals like gold, copper, and zinc, along with a surge in agricultural exports, particularly high-value fresh produce, underscores the growing demand for efficient road freight transportation. The expansion of trade activities, facilitated by Peru's extensive coastal line and port facilities, further strengthens the market's foundation, making trucking the primary mode of transport for imports and exports.

The burgeoning e-commerce sector in Peru, accelerated by pandemic-driven changes in consumer behavior, is also a significant contributor to the road freight transport market's expansion. With a substantial increase in online sales and digital consumption, the demand for a robust road freight supply chain to support e-commerce logistics is on the rise. The market landscape is characterized by a mix of global and local players, creating a competitive environment. Companies like DHL and DB Schenker Logistics are investing in technology and sustainability to enhance their operations in the region. These developments, coupled with strategic partnerships and investments in supply chain visibility and security, are set to drive the growth of the road freight transport market in Peru over the forecast period.

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Peru Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Insights on Technological Trends

    3. 1.3 Brief on Government Regulations

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Overview of Logsitics and Warehousing Market

    6. 1.6 Brief on Freight Rates

    7. 1.7 Insights on Demand and Supply Analysis

    8. 1.8 Insights on E-Commerce Logistics Market

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Destination

      1. 2.1.1 Domestic

      2. 2.1.2 International

    2. 2.2 By End User

      1. 2.2.1 Manufacturing (Including Automotive)

      2. 2.2.2 Oil and Gas, Mining, and Quarrying

      3. 2.2.3 Agriculture, Fishing, and Forestry

      4. 2.2.4 Construction

      5. 2.2.5 Pharmaceutical and Healthcare

      6. 2.2.6 Other End Users

    3. 2.3 By Truckload Specification

      1. 2.3.1 Full Truckload

      2. 2.3.2 Less Than Truckload

    4. 2.4 By Containerization

      1. 2.4.1 Containerized

      2. 2.4.2 Non- Containerized

    5. 2.5 By Distance

      1. 2.5.1 Long Haul

      2. 2.5.2 Short Haul

    6. 2.6 By Product Type

      1. 2.6.1 Liquid Goods

      2. 2.6.2 Solid Goods

    7. 2.7 By Temperature Control

      1. 2.7.1 Controlled

      2. 2.7.2 Non-Controlled

Peru Road Freight Transport Market Size FAQs

The Peru Road Freight Transport Market size is expected to reach USD 8.31 billion in 2024 and grow at a CAGR of 6.5% to reach USD 10.75 billion by 2029.

In 2024, the Peru Road Freight Transport Market size is expected to reach USD 8.31 billion.

Peru Road Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)