Mexico Courier, Express, and Parcel (CEP) Market Size

The Mexico Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by factors such as the influence of the national postal service and the increasing adoption of online purchases. The market's expansion is supported by the rising demand for courier and parcel services, which is expected to continue as e-commerce flourishes in the country. Additionally, foreign direct investment, particularly from the United States and Canada, plays a crucial role in boosting the transportation sector, further contributing to the market's growth trajectory.

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Market Size of mexico courier, express, and parcel (cep) Industry

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Mexico Courier, Express, and Parcel (CEP) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 2.58 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 3.75 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Destination Domestic
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.43 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Destination International

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Mexico Courier, Express, and Parcel (CEP) Market Analysis

The Mexico Courier, Express, and Parcel (CEP) Market size is estimated at 2.58 billion USD in 2024, and is expected to reach 3.75 billion USD by 2030, growing at a CAGR of 6.43% during the forecast period (2024-2030).

2.58 Billion

Market Size in 2024 (USD)

3.75 Billion

Market Size in 2030 (USD)

5.94 %

CAGR (2017-2023)

6.43 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

7.29 %

Projected CAGR, Express, 2024-2030

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Rising investment initiatives in which the public sector collaborates with logistics companies to foster investment are driving the segment's growth.

Fastest Growing Market by Model

8.36 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

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Delivery demand in the overall B2C e-commerce market is being driven by goods belonging to the electronics, fashion, and furniture industries.

Largest Market by Shipment Weight

58.18 %

value share, Light Weight Shipments, 2023

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Delivery and export of goods from the apparel industry, along with personal healthcare products, are driving the segment's growth.

Largest Market by End User Industry

36.21 %

value share, E-Commerce, 2023

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Major e-commerce players are significantly dominating the market by generating the majority demand for delivery in the country.

First Leading Market Player

54.86 %

market share, DHL Group, 2022

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DHL Express invested USD 120 million in Mexico to expand its domestic air hub by 30,000 sq. m. This expansion boosted the capacity to process 41,000 shipments per hour.

Growing adoption of e-commerce and FDI is accelerating the CEP market growth

  • The Mexican Postal Service (SEPOMEX) significantly influences the CEP market in Mexico. Being the national postal service provider in Mexico, covering more than 96% of the population, it delivered more than 446 million in 2019. The National Postal Service (SEPOMEX) serves the majority of the domestic CEP market consisting of 1,967 municipalities, which had a combined population of 29.6 million people as of 2023. Grupo Castores is another company serving the domestic CEP market, providing door-to-door delivery to more than 2,100 locations across the Mexican Republic.
  • In Mexico, 11% of the population in rural areas made online purchases in 2019, which equated to almost 1.4 million people. The percentage of internet users who made purchases online increased from 2018 to 2019 by about 58%, an indication of the accelerated growth of e-commerce in the country. With the increasing demand and positive growth pattern, the Mexican courier, express, and parcel volume increased in 2022. With consistent growth related to courier and parcel services, the trend is anticipated to increase further the adoption of online purchases, wherein by 2040, 95% of purchases are estimated to be made online in Mexico.
  • Mexico received USD 27,511.6 million in FDI for the first half of 2022 (January-June). The United States contributed 39.9%, and Canada contributed 10.3%, making these two nations the top two countries of origin of FDI for Mexico during the defined period. The top 2 recipient sectors of FDI in Mexico were the manufacturing sector, with 34.3%, followed by the transportation sector, with 16.3%, which largely drove domestic and international CEP market demand.
Mexico Courier, Express, and Parcel (CEP) Market

Mexico Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.

  • The Mexican Postal Service (SEPOMEX) significantly influences the CEP market in Mexico. Being the national postal service provider in Mexico, covering more than 96% of the population, it delivered more than 446 million in 2019. The National Postal Service (SEPOMEX) serves the majority of the domestic CEP market consisting of 1,967 municipalities, which had a combined population of 29.6 million people as of 2023. Grupo Castores is another company serving the domestic CEP market, providing door-to-door delivery to more than 2,100 locations across the Mexican Republic.
  • In Mexico, 11% of the population in rural areas made online purchases in 2019, which equated to almost 1.4 million people. The percentage of internet users who made purchases online increased from 2018 to 2019 by about 58%, an indication of the accelerated growth of e-commerce in the country. With the increasing demand and positive growth pattern, the Mexican courier, express, and parcel volume increased in 2022. With consistent growth related to courier and parcel services, the trend is anticipated to increase further the adoption of online purchases, wherein by 2040, 95% of purchases are estimated to be made online in Mexico.
  • Mexico received USD 27,511.6 million in FDI for the first half of 2022 (January-June). The United States contributed 39.9%, and Canada contributed 10.3%, making these two nations the top two countries of origin of FDI for Mexico during the defined period. The top 2 recipient sectors of FDI in Mexico were the manufacturing sector, with 34.3%, followed by the transportation sector, with 16.3%, which largely drove domestic and international CEP market demand.
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
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Mexico Courier, Express, and Parcel (CEP) Market Size Summary

The Mexico Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by the increasing adoption of e-commerce and the expansion of logistics infrastructure. The Mexican Postal Service (SEPOMEX) plays a crucial role in this market, covering a vast majority of the population and facilitating a substantial volume of domestic deliveries. The rise in online shopping, particularly in rural areas, has further fueled the demand for CEP services. The market is also supported by foreign direct investment, particularly from the United States and Canada, which has bolstered the transportation and manufacturing sectors, key drivers of CEP demand. The government's efforts to modernize transportation infrastructure, including ports and railroads, are expected to enhance the efficiency and capacity of logistics operations, supporting the market's growth trajectory.

The CEP market in Mexico is fairly consolidated, with major players like DHL Group, Estafeta, FedEx, Transporte Castores, and UPS dominating the landscape. These companies are investing in expanding their operations and improving service quality, as evidenced by recent investments in new vehicles and facilities. The market's growth is also influenced by economic factors such as inflation and fluctuating fuel prices, which the government is addressing through tax subsidies and infrastructure investments. Despite challenges in the manufacturing sector due to global logistics issues, the overall economic expansion and increased investments in transportation and storage are expected to sustain the positive growth trend in the CEP market.

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Mexico Courier, Express, and Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

Mexico Courier, Express, and Parcel (CEP) Market Size FAQs

The Mexico Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.58 billion in 2024 and grow at a CAGR of 6.43% to reach USD 3.75 billion by 2030.

In 2024, the Mexico Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.58 billion.

Mexico Courier, Express, and Parcel (CEP) Market Report Snapshots