Logistics Market Size, Share & Global Insights 2022-2030

The Mexico logistics market size is projected to reach US$ 224.83 million by 2031 from US$ 135.98 million in 2023. The market is expected to register a CAGR of 6.5% during 2023-2031. The implementation of software solutions and adoption of Big Data analytics would continue to bring key trends in the Mexico logistics market in the coming years.
According to The Insight Partners' analysis, ~400 industrial warehouses occupying a land area of ~10 million sq. m. have been added to the Mexican industrial sector as of July 2024. This increase subsequently results in an upsurge in industrial warehouse storage capacities. Additionally, Mexico has also become one of the major locations for companies from the US to relocate their businesses to harness benefits such as low labor costs and a better supply chain for effective distribution. Mexico is also one of the prominent markets for the automotive sector, which attracts automotive component manufacturing companies from other American countries to establish their facilities across Mexico to cater efficiently to the demand generated by Mexican automotive manufacturing plants. Thus, an increase in the count of new industrial warehouses is generating lucrative opportunities for vendors operating in the Mexico logistics market.

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Based on end use, the Mexico logistics market is segmented into healthcare, automotive, energy & utilities, aerospace, retail, and others. Other segments include semiconductors, oil & gas, and consumer electronics. This segment has a significant share owing to the increase in demand for consumer electronics products through online e-commerce portals in Mexico. The Mexican economy is continuously growing with the increased development of its middle class and growing consumption of goods and services. According to the International Trade Administration, the Mexicans consumption of consumer goods and services increased by 6.5% in 2022 compared with 2021.

MARKET INTRODUCTION

Logistics holds paramount importance in the automotive sector due to its complex and global nature. Automotive companies rely on outsourcing logistics providers to streamline their supply chains, reduce costs, and enhance overall operational efficiency. These logistics experts bring specialized knowledge, experience, and infrastructure tailored to the unique demands of the automotive industry. They ensure that parts and vehicles move seamlessly across borders and through complex distribution networks.

List of Companies Profiled in the Luxury Yacht Market Report are:
• C H Robinson Worldwide Inc
• DB Schenker
• CEVA Logistics AG
• XPO Inc
• Expeditors International of Washington Inc
• Grupo Mexico SAB de CV
• Rhenus Group
• Mexicom Logistics
• J B Hunt Transport Services Inc
• Penske Automotive Group Inc

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Key Segmentation:

Deployment Mode (Cloud Based and On-Premise),
The Luxury Yacht Market is categorized into type, application, and country.
• Based on type, the Luxury Yacht Market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Luxury Yacht Market is segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Luxury Yacht Market is segmented into the US, Canada, and Mexico. The US dominated the Luxury Yacht Market share in 2022.
North America transformer services market, in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the North America transformer services market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the North America transformer services market growth.

Table of Contents

Based on material, the Mexico Logistics market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the North America transformer services market in 2022.
Based on size, the Mexico Logistics market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the North America transformer services market in 2022.

Based on country, the North America transformer services market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the North America transformer services market in 2022.

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