The market is dominated by domestic suppliers, as imports account for 31.6% of total market size in 2023. Investments drive market demand, with investments representing 69.6% of total demand in 2023. Mexico has the largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD5.7 billion in 2023. Turbo Tecnologías De Reparaciones SA de CV is the largest company in Mexico, generating 7.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.0% of total production value in 2023. The total number of companies decreases in 2023, to 13,560 units. The costs of the industry increase by 15.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.6% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 57.2% of total production output. With production value of USD9.5 billion, Mexico accounts for 78.1% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Mexico: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Mexico: ISIC 2911 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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