Other General Purpose Machinery Manufacturing in Mexico - Industry Market Research Report

Finding purpose: Industry growth will decelerate due to waning export growth

Other General Purpose Machinery Manufacturing in Mexico
Due to favorable trade conditions with the United States and growing demand from domestic downstream markets, the Other General Purpose Machinery Manufacturing industry in Mexico has performed strongly over the five years to 2019. While an improving economy helps bolster demand from domestic customers, the major source of industry revenue stems from the United States. In 2019, exports to the United States are expected to account for more than 75.0% of all industry revenue. The rise of exports to the United States and increasing domestic demand has promoted growth in the industry. Over the five years to 2024, the industry is expected to continue to grow, albeit at a decelerated rate. Establishments in this industry are primarily engaged in manufacturing industrial machinery and equipment. Operators manufacture equipment for general industrial applications, including pumps and pumping systems; machinery and equipment for lifting and moving; welding equipment; packaging equipment; and weighing instruments. Equipment for the compression of air or gas is also included in this 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.