Mexico Machine Tools Market Size & Outlook, 2024-2030

The machine tools market in Mexico is expected to reach a projected revenue of US$ 2,700.2 million by 2030. A compound annual growth rate of 5.4% is expected of Mexico machine tools market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,974.4
Forecast, 2030 (US$M)
$2,700.2
CAGR, 2025 - 2030
5.4%
Report Coverage
Mexico

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 2022USD 1,787.9 million
Market revenue in 2030USD 2,700.2 million
Growth rate5.3% (CAGR from 2022 to 2030)
Largest segmentMetal cutting
Fastest growing segmentMetal Cutting
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMetal Cutting, Metal Forming
Key market players worldwideAMADA 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 Companies

Name Profile # Employees HQ Website

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 2024. 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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Target buyers of Mexico machine tools market databook

  • Our clientele includes a mix of machine tools market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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, 2024 & 2030 (US$M)

Mexico machine tools market size, by type, 2018-2030 (US$M)

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