The market is dominated by foreign suppliers, as imports account for 56.7% of total market size in 2023. Investments drive market demand, with investments representing 79.1% of total demand in 2023. Mexico has the third largest market size for agricultural and forestry machinery regionally, with demand reaching USD3.9 billion in 2023. Industrias John Deere SA de CV is the largest company in Mexico, generating 22.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 28.1% of total production value in 2023. The total number of companies increases in 2023, to 14,704 units. The costs of the industry increase by 43.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.7% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 49.0% of total production output. With production value of USD2.8 billion, Mexico accounts for 9.5% of the Latin America total in 2023.
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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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