Metal Structures & Iron Products Manufacturing in Mexico - Industry Market Research Report

Solid metal: As revenue volatility has decreased, industry revenue is expected to increase

Metal Structures & Iron Products Manufacturing in Mexico
The Metal Structures and Iron Products Manufacturing industry in Mexico has tamed much of the revenue volatility it experienced in the past; however, the industry has grown at a dampened pace over the five years to 2019. The industry's stable growth comes after a period of strong revenue volatility, partially due to an unstable economy, that plagued operators prior to the current period. Industry operators have taken advantage of the improving economy and increasing aggregate private investment, which is expected to grow during the current period, by diversifying their revenue streams. The Mexican peso has depreciated strongly compared with the US dollar, which has bolstered exports to the US during the current period. Over the five years to 2024, the industry is expected to grow. Investment in construction and other relevant sectors is expected to grow during the outlook period and drive demand for metal structures. Nonresidential construction is projected to continue increasing and improve the demand from one of the most important markets for industry operators. Investment in residential construction is forecast to continue its expansion to the benefit of industry revenue. This industry comprises establishments that primarily manufacture parts and structures made out of steel and iron to be used in construction. This industry also includes establishments that manufacture those products in combination with their installation. This industry excludes establishments that primarily assemble pre-fabricated steel structures or conduct ironwork on-site. 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.