Parts Machining & Screws Manufacturing in Mexico - Industry Market Research Report

Coming together: Demand from both domestic manufacturers and key export markets will drive industry growth

Parts Machining & Screws Manufacturing in Mexico
The Parts Machining and Screws Manufacturing industry in Mexico comprises establishments primarily dedicated to manufacturing metal parts for machinery as well as screws, nuts and rivets. Over the five years to 2019, the industry has experienced healthy growth due to increasing demand from industrial markets both domestically and abroad. The industrial production index (IPI), a broad indicator of overall manufacturing activity in Mexico, and light vehicle sales are both anticipated to rise during the period. Meanwhile, growth in exports has given the industry a significant outlet to international markets. Over the five years to 2024, the analyst expects industry revenue to continue growing due to sustained demand from domestic manufacturers as well as key export markets. This industry comprises establishments primarily dedicated to manufacturing metal parts for machinery as well as screws, nuts and rivets. Establishments that combine the production of new and used parts of metal, plastic, wood and other materials or engage in 3D printing are also included in the industry. However, establishments primarily dedicated to the production of nails, the reconstruction of engine parts and the rectification of motor parts are excluded from the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.