Mexico Freight and Logistics Market 2018- Ceva Logistics, Hellmann Worldwide Logistics, Deutsche Post DHL, International Logistics Solutions Company, Sojitz Corporation of America, Logwin Logistics, Cargoway Logistics, Yusen Logistics

"Mexico Freight and Logistics Market":

Strong Growth in the Mexican Transportation Sector Driving the Market:

The growth of the Mexican transportation services industry has made Mexican exports more competitive, compared to its largest export market and fellow NAFTA members, who accounted for 81.2% of Mexico’s exports in 2015. The most lucrative segment in the transportation sector was the road sector, which contributed to about 91% of the total transportation services industry value. The NAFTA also firmly established trading relations for Mexico, with 84% of exports from Mexico going to the United States and Canada. As a result, the bulk of the freight industry is occupied by road freight.

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In the air freight sector, which also witnessed a strong growth between 2013 and 2017 at a CAGR of 7%, the rise in imports and exports has been instrumental in boosting the demand for air freight. Although, much of the freight & logistics market relied on the road and rail sector in Mexico until 2014, it has shown strong signs of growth since then. Another factor in the growth has been the expansion of trading ties with other countries in the world. In 2015, 33% of Mexican imports were sourced back to Asia. The Mexican air freight sector experienced an overall growth in volume consumption levels.

The recent pulling of the United States from the NAFTA, may have a negative effect on the export-import relations between Mexico and the United States. International sales had the highest volume in the Mexican air freight sector, in 2017, with total sales of 689.7 million FTK (square foot), equivalent to 86.1% of the sector's overall volume. In comparison, sales of domestic trade had a volume of 111.7 million FTK in 2017. Mexico is a medium-sized country, measured in terms of landmass, meaning that substitute methods of transportation, such as road and rail freight, are common. This diminishes demand for air freight, except where the purpose is to transport objects abroad, especially over continents. In such scenarios, only marine freight offers serious competition, but unlike air freight, it is very time consuming, meaning many buyers, especially those transporting perishable items, will prefer air freight. The performance of the sector is forecast to decelerate, with an anticipated CAGR of 7% in the five-year period 2017 - 2022, which is expected to drive the sector to a value of USD 781.3 million by the end of 2022. Comparatively, the US and Canadian sectors are expected to witness CAGRs of 6% and 5.8%, respectively, over the same period, to reach respective values of USD 21,790.8 million and USD 1,865.5 million in 2022.The Mexican air freight sector will continue to grow at a strong pace overall, in the coming years, as potential new trades, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, will boost the country’s exports and imports. This will increase demand for freight and logistics by air and sea.

Freight & Logistics Market in Mexico Key Industry Players: Some of the key players in the market are Ceva Logistics, Hellmann Worldwide Logistics, International Logistics Solutions Company, Sojitz Corporation of America, Logwin Logistics, Cargoway Logistics, Yusen Logistics, Deutsche Post DHL, among others

Freight & Logistics Market in Mexico Recent Developments:
June, 2018: As part of its global expansion plan, SEKO Logistics is planning to augment its logistics hubs across Mexico.

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Reasons to Purchase Freight & Logistics Market in Mexico Report:

Current and future Mexico Freight & Logistics market outlook in the developed and emerging markets.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares. and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).
Freight & Logistics Market in Mexico Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs

Companies Mentioned:

Ceva Logistics, Hellmann Worldwide Logistics, Deutsche Post DHL, International Logistics Solutions Company, Sojitz Corporation of America, Logwin Logistics, Cargoway Logistics, Yusen Logistics

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