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Mexico Freight and Logistics Market Size

The Mexico Freight and Logistics Market is projected to experience significant growth, driven by the government's focus on enhancing port infrastructure and the increasing demand for maritime transport. The expansion of the domestic market is expected to boost bi-directional container movement, particularly from Asia. Road freight remains dominant due to Mexico's strong export ties with NAFTA partners, especially the United States and Canada. Additionally, the airport industry is set for substantial investment, with plans to transfer control of several airports and develop new ones, further influencing the market's scale and scope.

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Market Size of mexico freight and logistics Industry

Mexico Freight and Logistics Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 117 Billion
svg icon Market Size (2030) USD 162.2 Billion
svg icon Largest Share by Logistics Function Freight Transport
svg icon CAGR (2024 - 2030) 5.59 %
svg icon Fastest Growing by Logistics Function Courier, Express, and Parcel (CEP)
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Mexico Freight and Logistics Market Analysis

The Mexico Freight and Logistics Market size is estimated at 117 billion USD in 2024, and is expected to reach 162.2 billion USD by 2030, growing at a CAGR of 5.59% during the forecast period (2024-2030).

117 Billion

Market Size in 2024 (USD)

162.2 Billion

Market Size in 2030 (USD)

5.18 %

CAGR (2017-2023)

5.59 %

CAGR (2024-2030)

Fastest Growing Market by Mode of Transport

6.30 %

Projected CAGR, Air, 2024-2030

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In 2023, the aviation sector secured an investment of USD 321 million, distributed among eight projects by ASA and 17 initiatives at the Mexico City International Airport (AICM).

Largest CEP Market by Destination

62.63 %

value share, Domestic, 2023

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Mexico's domestic CEP demand is being fueled by the rising trend of grocery delivery in the e-commerce sector, driven by shifts in consumer behavior.

Largest Market by End User Industry

42.96 %

value share, Manufacturing, 2023

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Mexico is undergoing a manufacturing revival. Most of Mexico’s export income comes from manufactured goods. The rise in production and exports, backed by nearshoring, supported the end-user segment's growth.

Largest Warehousing Market by Temperature Control

91.76 %

value share, Non-Temperature Controlled, 2023

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As of September 2023, there have been 42 new companies entering Mexico through nearshoring. From Q1 to Q3 of 2023, these new entrants contributed to a gross absorption of 4.72 million sq. ft.

Fastest Growing Warehousing Market by Temperature Control

5.37 %

Projected CAGR, Temperature Controlled, 2024-2030

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The growth in the segment is supported by the pharmaceutical sector. Mexico has the second-largest pharmaceutical market in Latin America and ranks 15 globally.

Rising cross-border trade volumes from NAFTA members boost the demand for maritime and air freight transport

  • The Mexican government's heightened focus on bolstering its port infrastructure is poised to impact the demand for maritime transport. In July 2023, the cost of shipping a 40-foot container (TEU) from Asia to Mexico was around USD 2,110, marking a 29.43% increase from May 2023. Notably, a surge of 100,000 TEUs per week in bi-directional movement is anticipated in 2024, driven by a strengthening domestic market.
  • In 2022, Mexico's exports reached a value of USD 590.93 billion, with its North American Free Trade Agreement (NAFTA) partners accounting for 81.2% of the total. The United States and Canada, both NAFTA members, received a significant 84% share of Mexico's exports. Consequently, road freight dominates Mexico's freight industry. In 2022, exports of heavy-duty cargo trucks to the US propelled Mexican truck manufacturers to a stellar year, witnessing a 20.6% YoY production surge, as reported by Mexico's National Association of Bus, Truck, and Tractor Producers (Anpact). The 16 Anpact-affiliated truck makers collectively manufactured 195,789 heavy vehicles in 2022.
  • In a December 2023 announcement, the Mexican government unveiled plans to transfer operational control of six airports to the Mexican Navy (SEMAR) and commence the development of three new airports. These six airports fall under the purview of the newly formed Grupo Aeroportuario Casiopea, overseen by SEMAR. The airport industry is poised to witness investments exceeding MXN 60 billion (USD 3.07 billion) by 2025. Of this, the public sector is slated to contribute MXN 15.87 billion (USD 813.85 million), while private sources are expected to provide MXN 44.23 billion (USD 2.26 billion).
Mexico Freight and Logistics Market

Mexico Freight and Logistics Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.

  • The Mexican government's heightened focus on bolstering its port infrastructure is poised to impact the demand for maritime transport. In July 2023, the cost of shipping a 40-foot container (TEU) from Asia to Mexico was around USD 2,110, marking a 29.43% increase from May 2023. Notably, a surge of 100,000 TEUs per week in bi-directional movement is anticipated in 2024, driven by a strengthening domestic market.
  • In 2022, Mexico's exports reached a value of USD 590.93 billion, with its North American Free Trade Agreement (NAFTA) partners accounting for 81.2% of the total. The United States and Canada, both NAFTA members, received a significant 84% share of Mexico's exports. Consequently, road freight dominates Mexico's freight industry. In 2022, exports of heavy-duty cargo trucks to the US propelled Mexican truck manufacturers to a stellar year, witnessing a 20.6% YoY production surge, as reported by Mexico's National Association of Bus, Truck, and Tractor Producers (Anpact). The 16 Anpact-affiliated truck makers collectively manufactured 195,789 heavy vehicles in 2022.
  • In a December 2023 announcement, the Mexican government unveiled plans to transfer operational control of six airports to the Mexican Navy (SEMAR) and commence the development of three new airports. These six airports fall under the purview of the newly formed Grupo Aeroportuario Casiopea, overseen by SEMAR. The airport industry is poised to witness investments exceeding MXN 60 billion (USD 3.07 billion) by 2025. Of this, the public sector is slated to contribute MXN 15.87 billion (USD 813.85 million), while private sources are expected to provide MXN 44.23 billion (USD 2.26 billion).
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function
Courier, Express, and Parcel (CEP)
By Destination Type
Domestic
International
Freight Forwarding
By Mode Of Transport
Air
Sea and Inland Waterways
Others
Freight Transport
By Mode Of Transport
Air
Pipelines
Rail
Road
Sea and Inland Waterways
Warehousing and Storage
By Temperature Control
Non-Temperature Controlled
Temperature Controlled
Other Services
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Mexico Freight and Logistics Market Size Summary

The Mexico Freight and Logistics Market is experiencing significant growth, driven by strategic government initiatives and robust trade relationships, particularly with NAFTA partners like the United States and Canada. The government's focus on enhancing port infrastructure and expanding airport operations is expected to boost maritime and air transport sectors. The transportation and storage sector has shown substantial growth, supported by increased investments and a thriving manufacturing industry. The expansion of road and rail infrastructure, along with the modernization of key logistics hubs, is further propelling the market's development. Despite challenges such as high gasoline prices and global logistics bottlenecks, the market remains fragmented with major players like DHL Group, FedEx, and Grupo Mexico leading the charge.

The market's trajectory is also influenced by technological advancements and strategic partnerships aimed at improving efficiency and sustainability in logistics operations. Innovations such as C.H. Robinson's appointment scheduling technology and Kuehne + Nagel's decarbonization solutions for road freight are setting new standards in the industry. The introduction of digital tools and APIs by companies like DB Schenker is streamlining airfreight processes, enhancing operational efficiency. As Mexico continues to strengthen its economic position as the second-largest economy in Latin America, the freight and logistics market is poised for continued expansion, supported by both public and private sector investments.

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Mexico Freight and Logistics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Logistics Function

      1. 1.2.1 Courier, Express, and Parcel (CEP)

        1. 1.2.1.1 By Destination Type

          1. 1.2.1.1.1 Domestic

          2. 1.2.1.1.2 International

      2. 1.2.2 Freight Forwarding

        1. 1.2.2.1 By Mode Of Transport

          1. 1.2.2.1.1 Air

          2. 1.2.2.1.2 Sea and Inland Waterways

          3. 1.2.2.1.3 Others

      3. 1.2.3 Freight Transport

        1. 1.2.3.1 By Mode Of Transport

          1. 1.2.3.1.1 Air

          2. 1.2.3.1.2 Pipelines

          3. 1.2.3.1.3 Rail

          4. 1.2.3.1.4 Road

          5. 1.2.3.1.5 Sea and Inland Waterways

      4. 1.2.4 Warehousing and Storage

        1. 1.2.4.1 By Temperature Control

          1. 1.2.4.1.1 Non-Temperature Controlled

          2. 1.2.4.1.2 Temperature Controlled

      5. 1.2.5 Other Services

Mexico Freight and Logistics Market Size FAQs

The Mexico Freight and Logistics Market size is expected to reach USD 117.00 billion in 2024 and grow at a CAGR of 5.59% to reach USD 162.15 billion by 2030.

In 2024, the Mexico Freight and Logistics Market size is expected to reach USD 117.00 billion.

Logistics in Mexico Market Report Snapshots

Mexico Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030