Mexico Third Party Logistics (3PL) Market Overview, 2028

Mexico's growing economy, bolstered by trade agreements like the United States-Mexico-Canada Agreement (USMCA), encourages international trade. The need for efficient logistics and transportation services to facilitate trade is a significant driver of the 3PL market. Mexico's proximity to the United States makes it a crucial link in the North American supply chain. 3PL providers leverage Mexico's location to offer cross-border logistics solutions, reducing transit times and costs. Mexico is a major manufacturing hub for various industries, including automotive, electronics, and aerospace. This concentration of manufacturing operations generates substantial demand for 3PL services, including supply chain management, inventory control, and transportation solutions. On-going investments in transportation and logistics infrastructure, such as ports, highways, and rail systems, improve the efficiency and connectivity of supply chains. 3PL providers can take advantage of these developments to enhance their services. As Mexico's population becomes increasingly urbanized, consumer expectations for fast and convenient deliveries are rising. This drives the need for urban logistics and last-mile delivery solutions provided by 3PL companies. Security is a major concern for logistics, especially when it comes to high-value or sensitive cargo. 3PL providers are implementing advanced security measures to ensure the safety and protection of goods during transportation and warehousing. Recent global events have underscored the importance of supply chain resilience. Mexican 3PL providers are helping businesses develop risk management and contingency plans to address disruptions and minimize their impact. With the pharmaceutical industry growing in Mexico, there's an increased need for specialized cold chain logistics to ensure the safe and compliant transportation of temperature-sensitive medical products. The food industry in Mexico requires robust food safety measures and compliance with international food safety standards. 3PL providers are offering services that ensure the safe and efficient transport and storage of food products. According to the research report "Mexico Third-Party Logistics (3PL) Market Overview, 2028," published by Bonafide Research, the Mexico Third-Party Logistics (3PL) market is anticipated to grow at more than 8.85% CAGR from 2023 to 2028. The trend of urbanization in Mexico is leading to increased demand for efficient last-mile delivery and urban logistics solutions. 3PL providers are optimizing their networks to navigate congestion and meet customer expectations for fast deliveries in urban areas. Mexico's expanding energy sector, including oil, gas, and renewable energy, requires specialized logistics support. 3PL providers are playing a crucial role in managing the transportation and supply chain operations for the energy industry. Mexican 3PL providers are increasingly focusing on specific industries, such as automotive, aerospace, and electronics. This specialization allows them to offer tailored logistics solutions that meet the unique demands of these sectors. Automation within warehouses is becoming more prevalent in Mexico. Robotics, conveyor systems, and automated picking and packing solutions are being adopted to increase efficiency, reduce labor costs, and improve order accuracy. The use of digital twins and virtual warehousing allows companies to simulate and optimize their supply chain operations before making physical changes, improving overall efficiency and reducing costs. AI-powered RPA is being used to streamline administrative tasks and back-office operations in logistics, leading to greater efficiency and accuracy in tasks like billing, invoice processing, and document management. The exploration of cargo drones and autonomous vehicles for last-mile delivery is on the horizon. 3PL providers are researching and piloting these technologies to increase delivery speed and efficiency.

Mexico is strategically located with extensive coastlines along the Pacific Ocean and the Gulf of Mexico, making it a significant player in global maritime trade. Many goods are imported and exported through Mexican ports, creating a strong demand for logistics services in this segment. Mexico has made significant investments in expanding and improving its port infrastructure. Modern and efficient ports are essential for international trade, and the growth of these facilities contributes to the expansion of the Waterways segment. Mexico has trade agreements with various countries, including the United States and Canada (USMCA), making it a key player in North American trade. The Waterways segment is vital for facilitating the movement of goods within North America. Water transport is particularly suitable for handling bulk cargo, such as minerals, agricultural products, and oil and gas. 3PL providers specializing in water transport can offer efficient solutions for these industries. Mexican ports often serve as transhipment hubs for goods destined for other regions of the Americas, such as Central and South America. 3PL providers can play a pivotal role in the efficient transfer and distribution of cargo to various destinations. Many consumer goods and manufactured products are transported via container ships. 3PL providers can facilitate containerized shipping and offer efficient solutions for managing the movement of these containers from port to final destination. Water transport can reach areas that may not be easily accessible by road or rail. It is particularly valuable for reaching coastal and island locations, as well as regions with limited road infrastructure. Mexico has a strong presence in international trade due to its proximity to the United States, Canada, and various Latin American markets. The ITM segment benefits from the growing volume of imports and exports, as it specializes in managing the transportation of goods across international borders. Mexico shares a border with the United States, one of the world's largest trading partners. ITM providers assist businesses in efficiently managing cross-border trade, customs clearance, and regulatory compliance, which is crucial for the flow of goods between the two countries. International trade often involves complex customs procedures and compliance with international regulations. ITM providers have the knowledge and experience to ensure that shipments adhere to all necessary customs and compliance requirements, reducing the risk of delays and penalties. ITM providers often offer multi-modal transportation solutions, combining different modes such as road, rail, air, and sea to optimize international shipments. This flexibility allows businesses to choose the most cost-effective and efficient transportation options for their specific needs. Furthermore based on end user, E-commerce in Mexico has been experiencing significant growth, driven by increased internet penetration, changing consumer preferences, and the convenience of online shopping. As more consumers turn to online retailers, the demand for efficient e-commerce logistics services has surged. E-commerce relies heavily on last-mile delivery services to ensure that products are delivered quickly and efficiently to customers' doorsteps. 3PL providers specializing in e-commerce logistics offer solutions for reliable and timely last-mile delivery, a crucial component of the e-commerce supply chain. E-commerce businesses often experience seasonal spikes in demand, such as during holiday seasons or promotional events. 3PL providers can offer scalable solutions to accommodate these fluctuations without the need for e-commerce companies to maintain excess infrastructure year-round. Considered in this report: • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Manmayi Raval

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Aspects covered in this report: • Mexico Third-Party Logistics (3PL) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Mode of Transport • Roadways • Railways • Waterways • Airways By Services • Domestic Transportation Management (DTM) • International transportation management (ITM) • Dedicated contract carriage (DCC) • Warehousing & Distribution (W&D) • Value-Added Logistics By Services (VALs)

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By End User • Manufacturing • Healthcare • Retailing • E-commerce • Automotive • Food & Groceries • Technological • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Third-Party Logistics (3PL) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.