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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico 3PL Market Trends
Mexico has 14 free trade agreements (FTAs) with countries including the US and Australia, and the reduced tariffs and taxes on the transport of goods have reduced the shipping costs for 3PLs. 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 manufacturing sector draws the highest foreign direct investment (FDI) and accounts for 18.5% of country’s GDP. Its lower labour costs and skilled workforce have strengthened Mexico’s automotive, electronics, and aerospace manufacturing, making it desirable for businesses who want to outsource their manufacturing processes, aiding the demand for 3PL services.
Undergoing a significant expansion, Mexico's ports are expected to increase their annual capacity by 50% through the addition of new container terminals. The upgraded infrastructure is designed to accommodate larger vessels, enhancing overall efficiency in cargo handling. The modernisation initiatives are geared towards transforming Veracruz into a globally recognised logistics hub, incorporating automation systems, expanded storage facilities, and enhanced road and rail connectivity to streamline the movement of cargo.
According to the Secretariat of Economy’s Tariff Information System via the Internet (SIAVI), the market size of Mexico’s medical devices and equipment was USD 28.68 billion in 2022. An expanding medical and pharmaceutical sector in Mexico is raising the cruciality of 3PL firms to provide a range of services to companies, related to supply chain management.
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.*
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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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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124