The Mexico truck market size reached USD 112.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 211.93 Billion by 2033, exhibiting a growth rate (CAGR) of 7.29% during 2025-2033. The market is driven by expanding logistics and e-commerce sectors, along with increasing cross-border trade with the U.S. Government infrastructure investments and demand for fuel-efficient, technologically advanced trucks further boost market growth, while environmental regulations are encouraging the shift toward electric and hybrid models.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 112.50 Billion |
Market Forecast in 2033 | USD 211.93 Billion |
Market Growth Rate 2025-2033 | 7.29% |
Rising Adoption of Electric and Hybrid Trucks
The Mexico truck market share is increasingly adopting cleaner technologies, with growing interest in electric and hybrid models driven by environmental awareness, government policies, and global decarbonization efforts. In 2024, hybrid and electric vehicle (EVs) sales surged by 26.3%, reaching 12,225 units in March alone, reflecting a broader trend towards cleaner transport. For the first quarter, sales totaled 33,360 units, marking a 30.1% year-on-year increase. Logistics companies and fleet operators are embracing these vehicles to cut fuel costs and meet evolving sustainability standards. Even as infrastructure such as charging networks remains under development, demand for electric trucks is on the up, particularly for urban last-mile delivery where their reduced emissions and lower noise levels are especially valuable. Leading automakers are changing in response to the market, making this movement toward cleaner freight options.
Light Truck Growth Driven by E-Commerce and Urban Logistics
As online shopping remains on the rise in Mexico, there's increasing demand for effective urban logistics, driving demand for light trucks. Light trucks are perfect for navigating city traffic and making frequent, short-haul deliveries. Retailers, delivery companies, and small businesses are using light trucks to increase their responsiveness and decrease delivery times. The trend is also driven by the increasing express shipping services and the growth of urban populations. Imports are also playing a great role, with numerous brands importing models that are suitable for local conditions. Light trucks are currently a key component in supply chains, particularly as cities are adjusting to quicker and more agile delivery expectations further aiding the Mexico truck market growth.
Nearshoring Boosts Truck Demand
Mexico’s truck market is undergoing a significant transformation driven by nearshoring, as manufacturers relocate operations closer to the U.S. to reduce supply chain risks. This trend is fueling strong demand for commercial and heavy-duty trucks to support expanding logistics needs. In 2023, the number of Mexican trucking companies transporting goods to the U.S. rose by 2.5%, while their fleets expanded by 14%, reflecting increased cross-border activity. Companies are adding more fleets to handle the increased number of goods shuttling between industrial parks and across the border. Major logistics corridors, especially along the northern border, are seeing all-time-high activity. With production and warehousing increasing across the country, trucks are becoming prime freight assets. While infrastructure is getting better, the industry continues to grapple with skilled labor shortages and regulatory complexity. The Mexico truck market outlook remains strong, with momentum likely to continue as nearshoring accelerates and cross-border logistics evolve.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on vehicle type, tonnage capacity, fuel type, and application.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes heavy duty truck, medium duty truck, and light duty truck.
Tonnage Capacity Insights:
A detailed breakup and analysis of the market based on the tonnage capacity have also been provided in the report. This includes 3.5 – 7.5 tons, 7.5 – 16 tons, 16 – 30 tons, and above 30 tons.
Fuel Type Insights:
The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes diesel, petrol, and CNG & LNG.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes construction, logistics, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Vehicle Types Covered | Heavy Duty Truck, Medium Duty Truck, Light Duty Truck |
Tonnage Capacities Covered | 3.5 – 7.5 Tons, 7.5 – 16 Tons, 16 – 30 Tons, Above 30 Tons |
Fuel Types Covered | Diesel, Petrol, CNG & LNG |
Applications Covered | Construction, Logistics, Others |
Regions Covered | Northern Mexico, Central Mexico, Southern Mexico, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: