The market is dominated by foreign suppliers, as imports account for 58.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 59.7% of total demand in 2023. Mexico has the largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD8.3 billion in 2023. Truper Herramientas SA de CV is the largest company in Mexico, generating 13.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 26.9% of total production value in 2023. The total number of companies increases in 2023, to 21,803 units. The costs of the industry increase by 50.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 20.3% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 33.7% of total production output. With production value of USD3.5 billion, Mexico accounts for 34.2% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in Mexico: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in Mexico: ISIC 2893 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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