The market is dominated by foreign suppliers, as imports account for 71.9% of total market size in 2023. Investments drive market demand, with investments representing 51.2% of total demand in 2023. Mexico has the largest market size for industrial air-conditioning, packaging and other general purpose machinery regionally, with demand reaching USD19.1 billion in 2023. Ingersoll-Rand Plc is the largest company in Mexico, generating 3.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 8.8% of total production value in 2023. The total number of companies increases in 2023, to 59,488 units. The costs of the industry increase by 29.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 13.6% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 75.5% of total production output. With production value of USD18.0 billion, Mexico accounts for 54.2% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Industrial Air-conditioning, Packaging and Other General Purpose Machinery in Mexico: ISIC 2919. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Air-conditioning, Packaging and Other General Purpose Machinery in Mexico: ISIC 2919 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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