The market is dominated by domestic suppliers, as imports account for 29.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 51.9% of total demand in 2023. Mexico has the second largest market size for electric lamps and lighting equipment regionally, with demand reaching USD1.6 billion in 2023. Acuity Brands Lighting de México S de RL de CV is the largest company in Mexico, generating 18.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 37.7% of total production value in 2023. The total number of companies decreases in 2023, to 17,238 units. The costs of the industry decrease by 4.2% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 9.3% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 49.3% of total production output. With production value of USD1.7 billion, Mexico accounts for 42.6% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Electric Lamps and Lighting Equipment in Mexico: ISIC 315. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Lamps and Lighting Equipment in Mexico: ISIC 315 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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