Instrument & Apparatus Manufacturing in Mexico - Industry Market Research Report

Instrumental: As exports wane over the next five years, revenue growth is expected to slow slightly

Instrument & Apparatus Manufacturing in Mexico
Despite some strong fluctuations early in the period, the Instrument and Apparatus Manufacturing industry in Mexico has fared well over the five years to 2019. Historically, exports have been one of the most important factors in determining industry revenue; the industry has benefited from strong demand from the United States over the past five years. Domestic demand has also increased as the Mexican healthcare and construction sectors have expanded during the period. As exports wane over the next five years, industry revenue is expected to slow slightly. However, as companies reduce overhead through consolidation, they are likely to increase research and development in efforts to produce more advanced and higher-priced products. This would support greater revenue and enable companies to generate higher profit margins.Establishments in this industry primarily manufacture instruments used for measurement and control and electronic medical equipment, such as diagnostic and radiotheraphy equipment, pacemakers, hearing aids for deafness and other implant devices. This industry does not include establishments that manufacture micrometers and tape measures, non-electronic optical microscopes, scales and balances, watches and non-electronic equipment for medical use. 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.