The North America Distribution System Market would witness market growth of 6.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Distribution System Market, By Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,963.3 Million by 2031. The Canada market is experiencing a CAGR of 9.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.4% during (2024 - 2031).
The market pertains to the sector comprising a range of technologies, solutions, and services that oversee the transfer of goods and services from manufacturers to end consumers or businesses. Distribution systems play a crucial role in supply chain management by facilitating the efficient storage, handling, transportation, and delivery of products across different channels and geographies.
Distribution systems enable the flow of goods and services from producers to final consumers. They are used in many different industries. In the retail sector, these are essential for managing inventory, fulfilling orders, and delivering products directly to retail stores or consumers. While distribution networks help merchants fulfil customer demand and maximize supply chain efficiency, distribution centers act as hubs for receiving, storing, and delivering goods.
As Mexico continues to attract investment in manufacturing across various sectors, such as automotive, electronics, aerospace, and medical devices, there is a corresponding surge in demand for distribution services. According to Data Mexico 2022, manufacturing registered 6,08,484 economic units. The states with the highest number of economic units were Estado de México (65,012), Oaxaca (53,558), and Puebla (53,295). Also, the country received a total Foreign Direct Investment (FDI) of US$16.5B from January to September 2023. Also, in 2019, total gross production was $10.8T MX. The State of Mexico ($1.18T MX) and Nuevo León ($1.33T MX) had the largest combined gross production. Hence, the expansion of the aviation industry and rising manufacturing in the region are driving the market’s growth.
Free Valuable Insights: The Distribution System Market is Predict to reach USD 11.8 Billion by 2031, at a CAGR of 7.5%
Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Hotels & Resorts, Car Rental, Aviation, Cruises and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By Country
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