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Mexico Road Freight Transport Market Size

The Mexico Road Freight Transport Market is projected to experience significant growth over the forecast period, driven by various factors influencing its market size. The expansion of e-commerce and retail sectors, alongside the robust manufacturing and agricultural trade, are key contributors to this growth. The increasing volume of online transactions and the rising demand for imported and exported goods, particularly in the automotive and agricultural sectors, are expected to enhance the market's capacity. Additionally, the developing wine culture and its impact on trade further underscore the market's potential for expansion.

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Market Size of mexico road freight transport Industry

Mexico Road Freight Transport Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 43.13 Billion
svg icon Market Size (2030) USD 59.02 Billion
svg icon Largest Share by End User Industry Manufacturing
svg icon CAGR (2024 - 2030) 5.37 %
svg icon Fastest Growing by End User Industry Wholesale and Retail Trade
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 Road Freight Transport Market Analysis

The Mexico Road Freight Transport Market size is estimated at 43.13 billion USD in 2024, and is expected to reach 59.02 billion USD by 2030, growing at a CAGR of 5.37% during the forecast period (2024-2030).

43.13 Billion

Market Size in 2024 (USD)

59.02 Billion

Market Size in 2030 (USD)

4.98 %

CAGR (2017-2023)

5.37 %

CAGR (2024-2030)

Largest Market by Distance

74.37 %

value share, Long Haul, 2023

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In terms of long-haul trucking, US-Mexico trade is the major contributor. The three main truck ports between the United States and Mexico are Laredo-TX, El Paso-Ysleta-TX, and Otay Mesa-CA.

Largest Market by Goods Configuration

61.71 %

value share, Solid Goods, 2023

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In Mexico, industries such as construction, machinery and equipment, electronics, and automobiles contribute a majority share in trucking, including the solid goods category.

Largest Market by End User Industry

47.15 %

value share, Manufacturing, 2023

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Mexico’s automotive manufacturing and auto parts industry is a major contributor to the country’s export growth. In 2022, Mexico exported 166,878 trucks, an increase of 18.4% YoY.

Fastest Growing Market by Truckload Specification

6.01 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

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The e-commerce industry is the major driver in the LTL trucking market in Mexico. Revenue in the e-commerce market is estimated at USD 37.81 billion in 2023.

First Leading Market Player

1.05 %

market share, Landstar System Inc., 2022

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Landstar System moves over 170,000 shipments in and out of Mexico annually through 11 gateways. It has four operation centers in Chihuahua, Guadalajara, Monterrey, and Estado de Mexico.

The e-commerce sector is projected to grow at a CAGR of 12.93% during 2023-2027, driving the growth of the market

  • Mexican same-store retail sales rose 10.6% across 2022 compared to the previous year. In 2022, sales at the retail group's member stores totaled MXN 1.43 trillion (USD 76.08 billion). In 2023, same-store sales are estimated to rise by 5.2% compared to last year driving the growth of the market. Moreover, the e-commerce sector is projected to register a CAGR of 12.93% during 2023-2027. More Mexican consumers will purchase online over the next three to four years. As a result, e-commerce transactions as a share of total retail sales are expected to grow even further in the country in the short to medium term.
  • Manufacturing is an essential pillar of the Mexican economy. In Mexico, imports of intermediate goods increased 20.3% YoY in the first nine months of 2022, while exports of manufactured goods grew 17.2% YoY. Mexico's robust automotive manufacturing and auto parts industry is a major contributor to the country's export growth. In 2022, Mexico exported 166,878 trucks, an increase of 18.4% YoY. Heavy-duty cargo truck exports to the United States contributed to Mexico's best YoY growth of 20.6%.
  • The rise in agriculture trade is expected to drive the growth of the agriculture, fishing, and forestry end-user segment. Mexico is the United States' third-largest agricultural trading partner. The United States has maintained its number one position in Mexico's agricultural imports with nearly 70% market share. The developing wine culture in Mexico creates an attractive market for wine exports from the United States. Moreover, the rise of retail e-commerce is expected to drive the growth of the wholesale and retail trade end-user segment.
Mexico Road Freight Transport Market

Mexico Road Freight Transport 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. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.

  • Mexican same-store retail sales rose 10.6% across 2022 compared to the previous year. In 2022, sales at the retail group's member stores totaled MXN 1.43 trillion (USD 76.08 billion). In 2023, same-store sales are estimated to rise by 5.2% compared to last year driving the growth of the market. Moreover, the e-commerce sector is projected to register a CAGR of 12.93% during 2023-2027. More Mexican consumers will purchase online over the next three to four years. As a result, e-commerce transactions as a share of total retail sales are expected to grow even further in the country in the short to medium term.
  • Manufacturing is an essential pillar of the Mexican economy. In Mexico, imports of intermediate goods increased 20.3% YoY in the first nine months of 2022, while exports of manufactured goods grew 17.2% YoY. Mexico's robust automotive manufacturing and auto parts industry is a major contributor to the country's export growth. In 2022, Mexico exported 166,878 trucks, an increase of 18.4% YoY. Heavy-duty cargo truck exports to the United States contributed to Mexico's best YoY growth of 20.6%.
  • The rise in agriculture trade is expected to drive the growth of the agriculture, fishing, and forestry end-user segment. Mexico is the United States' third-largest agricultural trading partner. The United States has maintained its number one position in Mexico's agricultural imports with nearly 70% market share. The developing wine culture in Mexico creates an attractive market for wine exports from the United States. Moreover, the rise of retail e-commerce is expected to drive the growth of the wholesale and retail trade end-user segment.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination
Domestic
International
Truckload Specification
Full-Truck-Load (FTL)
Less than-Truck-Load (LTL)
Containerization
Containerized
Non-Containerized
Distance
Long Haul
Short Haul
Goods Configuration
Fluid Goods
Solid Goods
Temperature Control
Non-Temperature Controlled
Temperature Controlled
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Mexico Road Freight Transport Market Size Summary

The Mexico Road Freight Transport Market is poised for significant growth, driven by a robust economic landscape and increasing demand across various sectors. The market is experiencing a transformation fueled by the expansion of e-commerce and the strengthening of manufacturing and agricultural trade. The automotive industry, a key component of Mexico's export growth, continues to thrive, with substantial increases in truck exports, particularly to the United States. The government's efforts to modernize infrastructure, including ports and highways, are expected to further enhance the efficiency of road freight transport. This growth is supported by substantial investments in transportation and warehousing, which have seen notable year-on-year increases, reflecting the sector's critical role in Mexico's economic development.

The market is characterized by a fragmented landscape with major players like C.H. Robinson, Fletes Mexico, Landstar System Inc., Traxion, and Werner Enterprises holding a small share collectively. Innovations in technology, such as those developed by C.H. Robinson, are streamlining logistics operations, while initiatives like the introduction of electric tractor-trailers by Transportes Marava highlight a shift towards sustainable practices. Additionally, significant investments by companies like DHL Supply Chain aim to bolster logistics capabilities in high-demand sectors, further driving the market's expansion. Despite challenges such as inflationary pressures and fluctuating fuel prices, the market's growth trajectory remains positive, supported by strategic investments and technological advancements.

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Mexico Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 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 Destination

      1. 1.2.1 Domestic

      2. 1.2.2 International

    3. 1.3 Truckload Specification

      1. 1.3.1 Full-Truck-Load (FTL)

      2. 1.3.2 Less than-Truck-Load (LTL)

    4. 1.4 Containerization

      1. 1.4.1 Containerized

      2. 1.4.2 Non-Containerized

    5. 1.5 Distance

      1. 1.5.1 Long Haul

      2. 1.5.2 Short Haul

    6. 1.6 Goods Configuration

      1. 1.6.1 Fluid Goods

      2. 1.6.2 Solid Goods

    7. 1.7 Temperature Control

      1. 1.7.1 Non-Temperature Controlled

      2. 1.7.2 Temperature Controlled

Mexico Road Freight Transport Market Size FAQs

The Mexico Road Freight Transport Market size is expected to reach USD 43.13 billion in 2024 and grow at a CAGR of 5.37% to reach USD 59.02 billion by 2030.

In 2024, the Mexico Road Freight Transport Market size is expected to reach USD 43.13 billion.

Road Freight Market Report Snapshots

Mexico Road Freight Transport Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030