With production value of USD1.2 billion, Mexico accounts for 35.4% of the Latin America total in 2023. The industry’s exports share decreases in 2023 to 25.3% of total production output. The industry’s profitability decreases and stands at 14.7% of production value in 2023, the highest regionally. The costs of the industry increase by 18.9% in 2023, largely driven by rising B2B costs. The total number of companies increases in 2023, to 8,312 units. The industry is fragmented, with the top five companies generating 44.1% of total production value in 2023. Skf de México SA de CV is the largest company in Mexico, generating 19.6% of the industry’s total production value in 2023. Mexico has the largest market size for bearings, gears, and driving elements regionally, with demand reaching USD4.5 billion in 2023. B2B drives market demand, with B2B spending representing 91.7% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 75.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Mexico: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Mexico: ISIC 2913 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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