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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.
End User Industry Agriculture, Fishing, and Forestry Construction Manufacturing Oil and Gas, Mining and Quarrying Wholesale and Retail Trade Others Destination Domestic International Truckload Specification Full-Truck-Load (FTL) Less than-Truck-Load (LTL) Containerization Containerized Non-Containerized Distance Long Haul Short Haul Goods Configuration Fluid Goods Solid Goods Temperature Control Non-Temperature Controlled Temperature Controlled
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