The market is dominated by foreign suppliers, as imports account for 83.2% of total market size in 2022. Investments drive market demand, with investments representing 54.1% of total demand in 2022. Mexico has the second largest market size for industrial air-conditioning, packaging and other general purpose machinery regionally, with demand reaching USD17.3 billion in 2022. Ingersoll-Rand Plc is the largest company in Mexico, generating 3.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 9.1% of total production value in 2022. The total number of companies increases in 2022, to 54,833 units. The costs of the industry increase by 13.8% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 18.5% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 84.9% of total production output. With production value of USD15.6 billion, Mexico accounts for 50.0% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Industrial Air-conditioning, Packaging and Other General Purpose Machinery in Mexico: ISIC 2919. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Air-conditioning, Packaging and Other General Purpose Machinery in Mexico: ISIC 2919 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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