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Mexico Factory Automation and Industrial Controls Market – Growth, Trends, Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Mexico |
| 100 pages | Published: 10-06-2019 |
- Automation
- Mordor Intelligence
- Mexico
- 100 pages
- Published: 10-06-2019
Market Overview
The Mexican factory automation and industrial controls market was valued at USD 1,289.2 million in 2018, and it is expected to register a CAGR of 8.5% over the forecast period (2019-2024). The country is witnessing a rapid adoption of factory automation and industrial control systems in Latin America, owing to the growing adoption of automation technologies, coupled with the advent of Industry 4.0 norms among expanding manufacturing sectors in the country.
The country is witnessing a significant boost in the automotive manufacturing industry, with Nissan, Honda, and Mazda, opening new high-volume facilities in the country, and a national vehicle production growth of over 7.5%.
The exponential growth in the country’s manufacturing sector is the major driver for market growth. In 2017, nearly 16% of the country’s GDP came from manufacturing. Companies have witnessed a rise in the demand for catering to the manufacturing sector in the country, with the other countries in the region, like Brazil recovering from the economic crisis. For instance, Rockwell Automation’s sales growth in 2017, in Latin America, was mixed, with growth led by Mexico and partially offset by decline across the rest of the LATAM region.
The lower labor costs in the country are resulting in the rapid expansion of other industrial sectors, like consumer electronics manufacturing, pharmaceutical manufacturing, and metallurgical industries, which is expected to boost the Mexican fully automation and industrial controls market.
Scope of the Report
The evolution of technological advancements and innovations across various manufacturing units have encouraged the adoption of automation technologies. Digitization and Industry 4.0 revolution have significantly stimulated the growth of automation among industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes.
Key Market Trends
Robotics Segment to Hold Major Growth
Mexico is predominantly a production hub for car manufacturers and automotive parts suppliers that export to the United States, and increasingly to South America. At USD 2.45 trillion, Mexico is the fifteenth-largest global economy and home to 20 plus automotive assembly plants, including BMW, Mercedes, Audi, Ford, Chrysler, and Nissan.
They are putting more pressure on the local plants to increase the quality, get better safety, get better throughput, which is driving automation and robotics.
The Mexican manufacturing industry has propelled and digitalized significantly in recent years to enhance productivity, primarily owing to the automotive sector in the country, which is the seventh-largest maker of motor vehicles in the world. It produced more than 4.1 million units in 2017 or about 4.2% of the global production of 95.3 million units.
Therefore, Mexico’s manufacturing and most prominently the automobile manufacturing sector has made the country one of Latin America’s powerhouses for innovation and technology.
In order to support the country’s growing manufacturing industry, the Association for Advancing Automation (A3) has launched A3 Mexico to support the proliferation of the manufacturing sector with robotics.
Utility Segment to Witness Major Growth
According to the Ministry of Energy, the Mexican power generation sector is expected to witness investments over MXN 2039.89 billion by 2030, with most of the investments diverted toward power generation establishments and power transmission infrastructure. Since the country deregulated its power sector in 2014, it opened doors to a lot of private investment into the sector. Following the deregulation, many multinational power companies have invested in the country’s power sector. For example, recently, in March 2018, ATCO, a prominent Canadian holding company, along with Mexico-based RANMAN Energy, announced an investment of CAD 70 million to build a new 26-megawatt (MW) cogeneration plant, which is expected to be operational by the end of 2019. With such a positive investment scenario in the country’s utility sector, led by renewal or new construction projects, the demand for factory automation and industrial control system solutions is expected to grow rapidly.
Competitive Landscape
The Mexican factory automation and industrial controls market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable products and solutions, many of the companies are increasing their market presence by securing new contracts and by tapping into new markets. For instance, in Feb 2018, Honeywell announced a new solution for real-time safety monitoring of workers in plant and remote operations.
The solution’s wearable gas detectors monitor gas, radiation, and dust, and are tightly integrated with Honeywell’s distributed control system, Experion Process Knowledge System (PKS). Furthermore, in Oct 2018, GE launched the next phase of Industrial Internet Control System (IICS). Built on the capabilities of its IICS, Intelligent Platforms introduced PACSystems RX3i CPL410, the first-ever outcome optimizing open controller, remote monitoring as a service platform, both designed to harness the combined power of edge controls and analytics to deliver actionable intelligence across the industrial ecosystem.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness of Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products or Services
4.3.5 Competitive Rivalry in the Industry
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increased Adoption of Internet of Things (IoT) and Machine-to-machine Technologies
4.5.2 Emphasis on Cost Cutting and Business Process Improvement
4.6 Market Restraints
4.6.1 High Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption of Factory Automation
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 By Product
6.1.1 Field Devices
6.1.1.1 Machine Vision
6.1.1.2 Robotics
6.1.1.3 Sensors
6.1.1.4 Motors and Drives
6.1.1.5 Other Field Devices
6.1.2 Industrial Control Systems
6.1.2.1 Supervisory Control and Data Acquisition (SCADA)
6.1.2.2 Distributed Control Systems (DCS)
6.1.2.3 Programmable Logic Controllers (PLC)
6.1.2.4 Manufacturing Execution System (MES)
6.1.2.5 Product Lifecycle Management (PLM)
6.1.2.6 Enterprise Resource Planning (ERP)
6.1.2.7 Human Machine Interface (HMI)
6.1.2.8 Other Control Systems
6.2 By End-user Industry
6.2.1 Automotive
6.2.2 Chemical and Petrochemical
6.2.3 Utility
6.2.4 Pharmaceutical
6.2.5 Food and Beverage
6.2.6 Oil and Gas
6.2.7 Other End-user Industries
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Rockwell Automation Inc.
7.1.2 Honeywell International Inc.
7.1.3 General Electric Company
7.1.4 ABB Ltd
7.1.5 Emerson Electric Company
7.1.6 Omron Corporation
7.1.7 Autodesk Inc.
7.1.8 Mitsubishi Electric Corporation
7.1.9 Siemens AG
7.1.10 Aspen Technology Inc.
7.1.11 Robert Bosch GmbH
7.1.12 Texas Instruments Inc.
7.1.13 Yokogawa Electric Corporation
7.1.14 Schneider Electric SE
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product
Field Devices
Machine Vision
Robotics
Sensors
Motors and Drives
Other Field Devices
Industrial Control Systems
Supervisory Control and Data Acquisition (SCADA)
Distributed Control Systems (DCS)
Programmable Logic Controllers (PLC)
Manufacturing Execution System (MES)
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Other Control Systems
By End-user Industry
Automotive
Chemical and Petrochemical
Utility
Pharmaceutical
Food and Beverage
Oil and Gas
Other End-user Industries
Mexico General Surgical Devices Market – Growth, Trends, and Forecasts (2019 – 2024)
| Healthcare | Published by: Mordor Intelligence | Market: Mexico |
| 74 pages | Published: 07-06-2019 |
- Healthcare
- Mordor Intelligence
- Mexico
- 74 pages
- Published: 07-06-2019
Market Overview
The Mexican general surgical devices market is expected to record a CAGR of around 4.8% over the forecast period, 2019-2024. Certain factors that are accelerating the growth of the market include rising demand for minimally invasive devices, technological advancements in general surgical devices, and rising unmet healthcare needs in the country, along with the rising expenditure on health.
This rise in healthcare expenditure is anticipated to accelerate medical infrastructural development, which is likely to fuel the growth of the surgical devices market in Mexico. Major manufacturers of surgical devices are focusing on gaining a foothold in emerging economies, such as Brazil and Mexico, in order to expand their business operations and explore new markets, thus creating an advanced healthcare infrastructure. Thus, increasing healthcare expenditure, strong local manufacturing base, and rapidly developing healthcare infrastructure, have led to increased and advanced surgical procedures performed in this country. Hence, these factors are likely to offer immense growth opportunities in the Mexican surgical procedures market.
Scope of the Report
The general surgical devices are specially designed tools or instruments that serve a specific purpose during a surgery, which include scissors, forceps, surgical needles, etc.
Key Market Trends
Handheld Devices Segment by Product is Expected to Record the Highest CAGR over the Forecast Period
The handheld devices segment of the Mexican general surgical devices market is expected to register the highest CAGR over the forecast period.
The demand for surgical equipment is increasing in response to the rising need for minimally invasive surgeries in the country. Handheld surgical devices are becoming increasingly advanced. The large-scale use of advanced surgical instruments in recent years is driving the handheld devices segment in Mexico. The development of advanced tools, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon’s ability. Many innovations have been made owing to the need for high reliability, accuracy, and patient safety. Therefore, there is an increasing demand for handheld devices, which in turn, is helping the segment to grow faster.
Competitive Landscape
Some of the major companies in the Mexican general surgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Medtronic PLC, and Stryker Corporation. Along with these big players, the market is also witnessing some of the smaller players that hold a substantial market share.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Devices
4.2.2 Technological Advancements in General Surgical Devices
4.2.3 Rising Unmet Healthcare Needs
4.2.4 Rising Health Expenditure
4.3 Market Restraints
4.3.1 High Capital Expenses Needed to Produce Surgical Equipment
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopaedic
5.2.4 Neurology
5.2.5 Other Applications
6. Competitive Landscape
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Conmed Corporation
6.1.4 Integer Holdings Corporation
6.1.5 Johnson & Johnson
6.1.6 Medtronic PLC
6.1.7 Stryker Corporation
7. Market Opportunities and Future Trends
By Product
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopaedic
Neurology
Other Applications
MEXICO RETAIL SECTOR – GROWTH, TRENDS, AND FORECAST (2019 – 2024)
| NEO | Published by: Mordor Intelligence | Market: Mexico |
| 159 pages | Published: 07-06-2019 |
- NEO
- Mordor Intelligence
- Mexico
- 159 pages
- Published: 07-06-2019
Market Overview
The Mexican retail sector is projected to witness a CAGR of 6.7% by 2024. The market is segmented by product category, distribution channel, and market dynamics. Mexico stands out as one of the key markets, and is doing so through sustained evolution and slow but steady growth in many dimensions.
The retail and consumer sector is one industry that has the potential to exceed Mexico’s average national future growth. This will be driven by a combination of economic and socio-demographic trends, offerings, and business models to appeal to Mexican consumers.
The retail and consumer sector reflects the opportunities emerging from the duality of the Mexican economy, better than any other sector. Modern format retail stores and multinational franchises, such as Walmart and Starbucks, are constantly growing and developing, alongside the resilient traditional changarros’ and adapted concepts, such as OXXO and Farmacias Similares.
Scope of the Report
A complete background analysis of the Mexican retail sector, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report.
Key Market Trends
High Disposable Income and High Retail Growth
Despite a complex social situation in which criminal undertones color everyday life, Mexico’s recent economic upturn has generated a sense of optimism among consumers. With disposable incomes rising, Mexicans are more willing to invest in themselves, be it on clothing, health, or beauty products. Mexican consumers are spending most of their money across a smaller number of categories, and are looking to turn their aspirations of success into reality by spending more on beauty and personal care products. In Mexican culture, well-known, established brands are seen as reliable and trustworthy.
Many in-country retailers are set to continue their expansion, targeting smaller cities with the potential to grow, due to a lower presence of retail outlets per inhabitant. From 2012-2016, the average growth of traditional trade has been increasing from 5%-10%, representing a higher percentage of sales and a growing trend in the retailing industry. Mexico has a fragmented and competitive environment due to the relevance of traditional formats and small independent retailers across all channels. Leading players are set to increase their geographical footprints throughout the country, by increasing the number of operating outlets.
High Growth of Apparel and Accessories in Mexico
The Mexican fashion industry reached its highest production levels by the mid of 2018, even under challenging circumstances, with 50 of the most internationally renowned brands selling in the country. The challenge is to maintain or expand this production. Revenue in the apparel market is expected to grow annually at 7.1% by 2024.
In the apparels sector, the women’s and girls’ apparels segment holds the largest share.
The expansion of the middle class, with young working consumers who follow trends and growth of cities, is contributing to the increasing number of shopping centers. Mexicans like to spend their free time at shopping centers, regardless of their social status. Over the last couple of years of the review period, the apparel and footwear industry saw the entrance of international brands. Fast-fashion stood to be a critical factor behind this change. E-commerce in Mexico is booming, bringing new growth opportunities for the consumer goods and retail industries.
Competitive Landscape
The report covers major international players operating in the Mexican retail sector. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence, by securing new contracts and by tapping new markets.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Research Methodology
2. Scope of Study
3. Market Insights
3.1 Market Overview
3.2 Customer Behavior Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Industry Value Chain Analysis
5. Technology Snapshot
6. Market Segmentation
6.1 By Product
6.1.1 Food and Beverage and Tobacco Products
6.1.2 Personal Care and Household
6.1.3 Apparel, Footwear, and Accessories
6.1.4 Furniture, Toys, and Hobby
6.1.5 Industrial and Automotive
6.1.6 Electronic and Household Appliances
6.1.7 Pharmaceuticals, Luxury Goods, and Other Products
7. Insights on Distribution Channels in Retail Trade
7.1 Hypermarkets, Supermarkets, and Convenience Stores
7.2 Specialty Stores
7.3 Department Stores
7.4 E- commerce
7.5 Other Distribution Channels
8. Company Profiles
8.1 Organization Soriana SA de
8.2 FEMSA Comercio SA
8.3 Coppel SA de CV
8.4 El Puerto de Liverpool
8.5 Walmart International
8.6 El Palacio de Hierro
8.7 Superama
8.8 Sears Operadora Mexico SA De CV
8.9 Auchan
8.10 Carrefour
9. Investment Analysis on the Mexico Retail Sector
10. Future of the Mexico Retail Sector
By Product
- Food and Beverage and Tobacco Products
Personal Care and Household
Apparel, Footwear, and Accessories
Furniture, Toys, and Hobby
Industrial and Automotive
Electronic and Household Appliances
Pharmaceuticals, Luxury Goods, and Other Products