Mexico Road Freight Transport Market Size

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).

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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

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

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

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

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

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

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.