The market is dominated by foreign suppliers, as imports account for 64.2% of total market size in 2022. Investments drive market demand, with investments representing 50.3% of total demand in 2022. Mexico has the second largest market size for lifting and handling equipment regionally, with demand reaching USD3.3 billion in 2022. International de Elevadores SA de CV is the largest company in Mexico, generating 39.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 66.4% of total production value in 2022. The total number of companies decreases in 2022, to 15,239 units. The costs of the industry increase by 13% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 3.9% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 40.4% of total production output. With production value of USD1.3 billion, Mexico accounts for 27.2% of the Latin America total in 2022.
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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
This is the aggregation of general purpose machinery and special purpose machinery.
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