Mexico Logistics Market Forecast, Analysis, and Share by 2031
The Mexico logistics market size is projected to reach US$ 224.83 million by 2031 from US$ 135.98 million in 2023. The market is expected to register a CAGR of 6.5% during 2023–2031. The implementation of software solutions and adoption of Big Data analytics would continue to bring key trends in the market in the coming years.
Mexico Logistics Market Analysis
Technological advancements constitute one of the prime factors supporting the logistics market in Mexico. Advanced technologies such as automated guided vehicles (AGVs), artificial intelligence, and cloud technology help logistics companies improve their overall accuracy and efficiency. Advanced technology offers in-depth reporting and analytic capabilities, which can boost the confidence of companies in their logistics supplier partners as well as reduce the overall production and distribution costs drastically. Moving ahead in a customer-centric business, employing skilled workforces, and offering the highest level of services is crucial for logistics providers to gain success while staying competitive in the market they serve.
Mexico Logistics Market Overview
Mexico is an open market economy, and it is considered an emerging economy worldwide. It has 14 Free Trade Agreements (FTA) that involve more than 50 countries, including the US and the EU. Additionally, Mexico is among the only 3 countries (Colombia and Chile being the other 2 participants) from the Latin America region that are members of the OECD, which bolsters its trade activities. Further, the cross-border trade between the US and Mexico is another major factor pushing the growth of freight transportation across their boundaries. Nearshoring holds a promising opportunity for the flourishment of its logistics sector that can lead to greater integration of supply chains and increased trade with the US and Canada. Moreover, more than 490 companies are expected to enter the Mexican market during 2024–2025, which is expected to generate new opportunities for logistics vendors in the coming years as well.
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Mexico Logistics Market: Strategic Insights
Mexico Logistics Market
-
CAGR (2023 - 2031)
6.5%
-
Market Size 2023
US$ 135.98 Million
-
Market Size 2031
US$ 224.83 Million
Market Dynamics
GROWTH DRIVERS
- Increasing Logistics Flow in the US-Mexico Routes
FUTURE TRENDS
- Implementation of Software Solutions and Adoption of Big Data Analytics
OPPORTUNITIES
- Rising number of Industrial Houses
Key Players
- C H Robinson Worldwide Inc
- DB Schenker
- CEVA Logistics AG
- XPO Inc
- Expeditors International of Washington Inc
- Grupo Mexico SAB de CV
- Rhenus Group
- Mexicom Logistics
- J B Hunt Transport Services Inc
- Penske Automotive Group Inc
Regional Overview
- Mexico
Market Segmentation
Model
- 1PL
- 2PL
- 3PL
- 4PL
- 5PL
Mode Of Transportation
- Railways
- Airways
- Roadways
- Waterways
End-User
- Healthcare
- Automotive
- Energy & Utilities
- Aerospace
- Retail
- And Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mexico Logistics Market: Strategic Insights
-
CAGR (2023 - 2031)6.5% -
Market Size 2023
US$ 135.98 Million -
Market Size 2031
US$ 224.83 Million
Market Dynamics
- Increasing Logistics Flow in the US-Mexico Routes
- Implementation of Software Solutions and Adoption of Big Data Analytics
- Rising number of Industrial Houses
Key Players
- C H Robinson Worldwide Inc
- DB Schenker
- CEVA Logistics AG
- XPO Inc
- Expeditors International of Washington Inc
- Grupo Mexico SAB de CV
- Rhenus Group
- Mexicom Logistics
- J B Hunt Transport Services Inc
- Penske Automotive Group Inc
Regional Overview
- Mexico
Market Segmentation
- 1PL
- 2PL
- 3PL
- 4PL
- 5PL
- Railways
- Airways
- Roadways
- Waterways
- Healthcare
- Automotive
- Energy & Utilities
- Aerospace
- Retail
- And Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Mexico Logistics Market Drivers and Opportunities
Increasing Logistics Flow in US–Mexico Routes Propels Mexico Logistics Market
According to the Bureau of Transportation Statistics, the freight value between the US and Mexico rose by ~2.5% from 2022 to 2023, reaching US$ 798.8 billion. The overall trade values across US–Mexico routes for the past 4 years have been mentioned in the table below, showing moderate growth over the years.
2020 | 2021 | 2022 | 2023 | |
US–Mexico Freight (US$ Billion) | 538.07 | 661.16 | 779.31 | 798.83 |
Source: Bureau of Transportation Statistics
Transportation statistics between the US and Mexico in 2023 for different types of transportation are as follows:
Type | 2023 (US$ Million) |
Truck Transportation | 560,649.67 |
Rail Transportation | 95,364.49 |
Air Transportation | 21,563.29 |
Water Transportation | 91,414.37 |
Source: Bureau of Transportation Statistics
Thus, the rising flow of transportation of goods and service offerings via routes connecting the US to Mexico is one of the major factors driving the growth of the Mexico logistics market
Adoption of Supply Chain Outsourcing Practices to Generate Significant Market Opportunities in Future
Businesses in Mexico tend to outsource the overall supply chain operations to third-, fourth-, and fifth-party logistics (3PL, 4PL, and 5PL, respectively) vendors, which generates new opportunities for the Mexico logistics market players. Mexico serves as an ideal destination for North American businesses, specifically the companies headquartered in the US, seeking to expand their operations. The infrastructure development plans of the Mexican government, which include extensive road networks and modernized ports, are likely to support the efficient flow of goods across US–Mexico borders. Investments in the national infrastructure of Mexico from the government and private companies are likely to boost the country's capacity to handle more international trade in the coming years.
Mexico Logistics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Mexico logistics market analysis are model, model of transportation, and end user.
- Based on model, the Mexico logistics market is categorized into 1PL, 2PL, 3PL, 4PL, and 5PL. The 3PL segment held the largest market share in 2023.
- In terms of mode of transportation, the Mexico logistics market is divided into railways, airways, roadways, and waterways. The roadways segment dominated the market in 2023.
- In terms of end user, the Mexico logistics market is divided into healthcare, automotive, energy & utilities, aerospace, retail, and others. The others segment dominated the market in 2023.
Mexico Logistics Market Share Analysis
The geographic scope of the Mexico logistics market report offers a detailed country analysis. Mexico's proximity to the US and Canada is one of the significant factors for its logistics growth. The country has emerged as one of the largest automotive manufacturing hubs globally, standing at the seventh position. In addition, with more than 2,500 enterprises specializing in the production of medical devices, Mexico is one of the leading exporters of medical equipment and devices to the US; it ranks eighth among the largest manufacturers of medical devices globally. Increased manufacturing activities in the country offer more significant opportunities for logistics service providers. As a result, many 3PL companies have started their business expansion. For instance, in May 2023, Redwood Logistics, a Chicago-based company, announced the expansion of its operations in Mexico. Such developments have been fueling the growth of the Mexico logistics market.
Mexico Logistics Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 135.98 Million |
Market Size by 2031 | US$ 224.83 Million |
Global CAGR (2023 - 2031) | 6.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Model
|
Regions and Countries Covered | Mexico
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Mexico Logistics Market News and Recent Developments
The Mexico logistics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Mexico logistics market are listed below:
- C.H. Robinson announced the opening of a new facility to speed up trade across the Mexican borders amid the growing number of global shippers nearshoring to diversify and fortify their supply chains. This facility is one of the largest cross-docks in Laredo, the nation's No. 1 inland port, where the logistics company has been facilitating global business for more than 30 years. (Source: C.H. Robinson, Press Release, September 2023)
Mexico Logistics Market Report Coverage and Deliverables
The "Mexico Logistics Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Mexico logistics market size and forecast for all the key market segments covered under the scope
- Mexico logistics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Mexico logistics market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Mexico logistics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies - Mexico Logistics Market
- C H Robinson Worldwide Inc
- DB Schenker
- CEVA Logistics AG
- XPO Inc
- Expeditors International of Washington Inc
- Grupo Mexico SAB de CV
- Rhenus Group
- Mexicom Logistics
- J B Hunt Transport Services Inc
- Penske Automotive Group Inc
- Búho Logistics, Inc.
- ICS VMI GROUP
- WeFreight International Logistics FZCO
- Omni Logistics, LLC
- Deutsche Post AG