Market Size of mexico road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 43.13 Billion |
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Market Size (2030) | USD 59.02 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 5.37 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
- 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.
Understand The Key Trends Shaping This Market
