Mexico 3PL Market Size (2024 - 2029)

Mexico 3PL Market Analysis

The Mexico 3PL Market size is estimated at USD 24.30 billion in 2023, and is expected to reach USD 33.69 billion by 2028, growing at a CAGR of 6.75% during the forecast period (2023-2028).

• The 3PL market in Mexico has evolved gradually over the past five years. According to industrial sources, services such as national and international transportation, warehousing, and customs brokerage are predominantly outsourced activities in the country.

• The geographic location and the advantages of NAFTA/USMCA play an important role, especially for companies involved in manufacturing. The government of Mexico is making efforts to improve the infrastructure of the country's roads and communications, including some structural reforms, such as energy. These improvements are expected to benefit logistics companies through cost reductions in the long term.

• Mexico, one of the largest trading partners of the United States, is a preferred location and is considered the most cost-effective alternative. For example, according to an estimate, running distribution, warehousing, and labeling services under one supplier in Mexico can cost a company up to 15% and 18% less compared to the United States. Utilizing the 3PL services in Mexico increases the business's scalability and offers more flexibility.

• In December 2022, BIG Logistics, a SecurCapital Corp company, a third-party logistics provider (3PL) and technology-enabled warehouse management IT platform with warehouses throughout Texas and along the Mexican border, announced the acquisitions of privately owned Xcell Logistic Services, Inc., and Xcell Logistics Corporation in Mexico.

Mexico 3PL Industry Segmentation

Third-party logistics companies provide a number of 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 complete background analysis of the 3PL Mexico Industry market, which includes an assessment of the economy, market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, are covered in the report. The impact of COVID-19 has also been incorporated and considered during the study.

The 3PL Mexico Market is Segmented by Services (Domestic Transportation Management, International Transportation Management, and Value-added Warehousing and Distribution) and End Users (Automotive, Consumer and Retail, Energy, Healthcare, Industrial and Aerospace, Technology, and Other End Users). The report offers market sizes and forecasts in value (USD) for all the above segments.