The warehousing and support activities for transportation sector in Mexico have experienced significant growth over the past decade. Between 2013 and 2023, the value increased from 183.34 billion Mexican Pesos to 452.57 billion Mexican Pesos. This translates to a Compound Annual Growth Rate (CAGR) of 8.6% over the last five years. Notably, the sector faced a dip in 2020 with an 8.38% decrease due to the COVID-19 pandemic but rebounded strongly with a 27.77% increase in 2021 and a 17.11% increase in 2022. The year-on-year growth rate in 2023 was 6.72%. Moving forward, the forecast for the next five years shows a steady growth trend with a forecast CAGR of 4.24% and an overall growth rate of 23.05% till 2028.

Future trends to watch for:

Technological advancements in warehousing and logistics.
Increased investment in infrastructure development.
Adoption of sustainable and green practices in transportation support activities.
Impact of global supply chain disruptions and geopolitical factors.