The market is dominated by foreign suppliers, as imports account for 53.6% of total market size in 2022. Investments drive market demand, with investments representing 55.5% of total demand in 2022. Mexico has the largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD7.2 billion in 2022. Continental Automotive Guadalajara México SA De CV is the largest company in Mexico, generating 5.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 8.4% of total production value in 2022. The total number of companies decreases in 2022, to 15,137 units. The costs of the industry increase by 7.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 2.1% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 43.6% of total production output. With production value of USD4.4 billion, Mexico accounts for 60.2% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Appliances for Measuring, Navigating and Testing in Mexico: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in Mexico: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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