Mexico Material Handling Equipment Market Size & Outlook
Mexico material handling equipment market, 2018-2030 (US$B)
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Mexico material handling equipment market highlights
- The Mexico material handling equipment market generated a revenue of USD 4.0 billion in 2023 and is expected to reach USD 6.2 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, continuous handling equipment was the largest revenue generating product in 2023.
- Racking & Storage Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Material handling equipment market data book summary
| Market revenue in 2023 | USD 4.0 billion |
| Market revenue in 2030 | USD 6.2 billion |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Continuous handling equipment |
| Fastest growing segment | Racking & Storage Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment |
| Key market players worldwide | Daifuku Co Ltd, Honeywell International Inc, KION GROUP AG, Murata Manufacturing Co Ltd, SSI Schaefer Systems International North America, Swisslog, Toyota Industries Corp, BEUMER Group, Interlake Mecalux, Vanderlande |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global material handling equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 12.0 billion by 2030.
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Material Handling Equipment Market Scope
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico material handling equipment 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 material handling equipment market will help companies and investors design strategic landscapes.
Continuous handling equipment was the largest segment with a revenue share of 37.5% in 2023. Horizon Databook has segmented the Mexico material handling equipment market based on cranes & lifting equipment, industrial trucks, continuous handling equipment, racking & storage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexican economy grew at 4.8% in 2021 after contracting by 8.2% in 2020. This can be attributed to plummeting operational costs along with the advent of smart and intelligent excavators. In addition, the MHE market is driven by the government’s proactive role in developing the industrial and commercial sectors. The services and manufacturing sectors posted solid performances during the first half of 2021 supported by increased mobility and demand from the U.S.
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Target buyers of Mexico material handling equipment market databook
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Our clientele includes a mix of material handling equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico material handling equipment market size, by product, 2018-2030 (US$B)
Mexico Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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