The market is dominated by foreign suppliers, as imports account for 65.9% of total market size in 2024. Investments drive market demand, with investments representing 53.7% of total demand in 2024. Mexico has the second largest market size for lifting and handling equipment regionally, with demand reaching USD4.3 billion in 2024. International de Elevadores SA de CV is the largest company in Mexico, generating 41.4% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 69.7% of total production value in 2024. The total number of companies increases in 2024, to 16,143 units. The costs of the industry increase by 2.1% in 2024, largely driven by rising labour costs. The industry’s profitability decreases and stands at 3.1% of production value in 2024, the 13th highest regionally. The industry’s exports share decreases in 2024 to 33.5% of total production output. With production value of USD1.6 billion, Mexico accounts for 29.6% of the Latin America total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Lifting and Handling Equipment in Mexico: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Mexico: ISIC 2915 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Machinery in Mexico report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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Lifting and Handling Equipment in Mexico: ISIC 2915
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Machinery
This is the aggregation of general purpose machinery and special purpose machinery.
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