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Mexico 3PL Market Size, Share, Report, Growth, Forecast: By Service: Domestic Transportation Management, International Transportation Management, Value-added Warehousing and Distribution; By End Use: Food and Beverage, Automotive, Consumer and Retail, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Mexico 3PL Market Size
The Mexico 3PL market reached around USD 17.76 billion in 2023. The market is estimated to grow at a CAGR of 5.8% during 2024-2032 to reach a value of USD 29.32 billion by 2032.
Key Takeaways
- 3PL providers are leveraging Mexico's FTAs and USMCA for efficient cross-border logistics.
- During January-March 2023, the United States and Mexico traded goods amounting to USD 263 billion, making Mexico the United States’ biggest trading partner.
- Mexico's strategic location, robust infrastructure, and favourable business environment favour the Mexico 3PL market growth.
Third-party logistics or 3PL service providers offer outsourced logistics services, which include management, storage , and shipping of goods. A 3PL service provider may provide a single service, such as transportation or warehouse storage, or a bundle of services capable of handling supply chain management.
Mexico has 14 free trade agreements (FTAs) with nations including the United States, Canada, Japan, and Australia as well as the EU. The reduced tariffs and taxes on the transport of goods have reduced the transportation and shipping costs for 3PLs.
The surge in nearshoring, fuelled by global supply chain disruptions, U.S.-China tensions, and the USMCA, propels demand, particularly in Monterrey and border markets of Mexico. About 75% of 2022’s manufacturing demand is linked to nearshoring, encompassing Tier 1 and 2 near-shoring representing direct international demand and local supplier demands. The current trend of nearshoring is anticipated to persist and aligns with companies relocating production closer to the U.S. consumers, benefitting the 3PL market in Mexico.
Mexico 3PL Market Report Snapshots
Mexico 3PL Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America 3PL Market Overview
8.1 Key Industry Highlights
8.2 Latin America 3PL Historical Market (2018-2023)
8.3 Latin America 3PL Market Forecast (2024-2032)
8.4 Latin America 3PL Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico 3PL Market Overview
9.1 Key Industry Highlights
9.2 Mexico 3PL Historical Market (2018-2023)
9.3 Mexico 3PL Market Forecast (2024-2032)
10 Mexico 3PL Market by Service
10.1 Domestic Transportation Management
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 International Transportation Management
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Value-added Warehousing and Distribution
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Mexico 3PL Market by End Use
11.1 Food and Beverage
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Automotive
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Consumer and Retail
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 IT Hardware and Telecom
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Healthcare
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Energy
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Mexico 3PL Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Deutsche Post AG
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Grupo Traxión, SAB de CV
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Schneider National, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Kuehne + Nagel International AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ryder System, Inc
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Penske Truck Leasing Co., L.P
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 CEVA Logistics SA
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 WH Forwarding SA de CV
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 GXO Logistics, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America 3PL Market: Key Industry Highlights, 2018 and 2032
2. Mexico 3PL Market: Key Industry Highlights, 2018 and 2032
3. Mexico 3PL Historical Market: Breakup by Service (USD Billion), 2018-2023
4. Mexico 3PL Market Forecast: Breakup by Service (USD Billion), 2024-2032
5. Mexico 3PL Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Mexico 3PL Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Mexico 3PL Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Mexico 3PL Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Mexico 3PL Market Structure
Key Questions Answered in the Report
The Mexico 3PL market attained a value of USD 17.76 billion in 2023.
The market is estimated to grow at a CAGR of 5.8% during 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 29.32 billion by 2032.
The market is being driven by the increase in demand by companies to outsource logistics services related to inventory management and product distribution and increasing trade activities between Mexico and the United States.
The key trends aiding the market expansion include the rise in demand for third-party logistics due to an increase in national and international trade and the surging awareness regarding the cost-saving and flexibility benefits of 3PL.
The key Mexican markets for 3PL are the Central Mexico, Northern Mexico, The Bajío, Pacific Coast, Yucatan Peninsula, and Baja California.
The end uses of 3PL are food and beverage, automotive, consumer and retail, IT hardware and telecom, healthcare, energy, and others.
The key players in the market include Deutsche Post AG, Grupo Traxión, SAB de CV, Schneider National, Inc., Kuehne + Nagel International AG, Ryder System, Inc., Penske Truck Leasing Co., L.P., CEVA Logistics SA, WH Forwarding SA de CV, and GXO Logistics, Inc., among others.
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