Mexico Machine Tools Market Size & Outlook, 2022-2030
Mexico machine tools market, 2018-2030 (US$M)
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Mexico machine tools market highlights
- The Mexico machine tools market generated a revenue of USD 1,787.9 million in 2022 and is expected to reach USD 2,700.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, metal cutting was the largest revenue generating type in 2022.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
Machine tools market data book summary
| Market revenue in 2022 | USD 1,787.9 million |
| Market revenue in 2030 | USD 2,700.2 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Metal cutting |
| Fastest growing segment | Metal Cutting |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal Cutting, Metal Forming |
| Key market players worldwide | AMADA Co Ltd, Dmg Mori Co Ltd, Georg Fischer AG, Hyundai Motor Co, Komatsu Ltd, JTEKT Corp, Okuma Corp, Hurco Companies Inc, Datron AG, DN Solutions, Makino Milling Machine Co Ltd, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global machine tools market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. machine tools market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,700.2 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico machine tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to machine tools market will help companies and investors design strategic landscapes.
Metal cutting was the largest segment with a revenue share of 76.43% in 2022. Horizon Databook has segmented the Mexico machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has emerged as one of the largest automobile manufacturing hubs in North America as automakers from the U.S. have established their production facilities in the country owing to low tariffs and vehicle production costs in Mexico.
Strong domestic demand and economic expansions are projected to contribute to the surged production of vehicles in the coming years. This, in turn, is anticipated to fuel the demand for machine tools in Mexico in the coming years.
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Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico machine tools market , including forecasts for subscribers. This country databook contains high-level insights into Mexico machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico machine tools market size, by type, 2018-2030 (US$M)
Mexico Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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