The market is dominated by foreign suppliers, as imports account for 68.3% of total market size in 2022. Investments drive market demand, with investments representing 78.2% of total demand in 2022. Mexico has the second largest market size for agricultural and forestry machinery regionally, with demand reaching USD3.0 billion in 2022. Industrias John Deere SA de CV is the largest company in Mexico, generating 23.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 32.8% of total production value in 2022. The total number of companies increases in 2022, to 12,867 units. The costs of the industry increase by 19.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.6% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 59.0% of total production output. With production value of USD1.9 billion, Mexico accounts for 10.2% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Mexico: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Mexico: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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