Mexico - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Power Tool Exports Surge to $1.3 Billion in 2023
Mexico Power Tool Exports
In 2023, shipments abroad of power tools increased by 12% to 27M units, rising for the fifth consecutive year after three years of decline. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 141%. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.
In value terms, power tool exports rose modestly to $1.3B (IndexBox estimates) in 2023. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. The exports peaked in 2023 and are likely to see steady growth in years to come.
| COUNTRY | Export Value of Power Tool in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 588 | 413 | 593 | 538 | 517 | 517 | 518 | 762 | 1,225 | 1,184 | 1,227 |
| Canada | 0.4 | 0.1 | N/A | 14.7 | 31.9 | 26.4 | 30.1 | 47.2 | 7.7 | 23.0 | 29.1 |
| Others | 21.2 | 17.6 | 22.3 | 22.6 | 25.8 | 33.9 | 32.5 | 40.2 | 14.4 | 11.4 | 14.9 |
| Total | 610 | 430 | 616 | 576 | 574 | 577 | 580 | 850 | 1,247 | 1,218 | 1,271 |
Exports by Country
the United States (26M units) was the main destination for power tool exports from Mexico, accounting for a 96% share of total exports. It was followed by Canada (532K units), with a 2% share of total exports.
From 2013 to 2023, the average annual growth rate of volume to the United States amounted to +9.8%.
In value terms, the United States ($1.2B) remains the key foreign market for power tools exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by Canada ($29M), with a 2.3% share of total exports.
From 2013 to 2023, the average annual growth rate of value to the United States stood at +7.6%.
Exports by Type
In-hand motor grinders, sanders and planers (16M units) was the largest type of power tools exported from Mexico, accounting for a 61% share of total exports. Moreover, in-hand motor grinders, sanders and planers exceeded the volume of the second product type, drills of all kinds for working in the hand, with self-contained electric motor (6M units), threefold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of in-hand motor grinders, sanders and planers exports totaled +9.0%. With regard to the other exported products, the following average annual rates of growth were recorded: drills of all kinds for working in the hand, with self-contained electric motor (+8.7% per year) and saws for working in the hand, with self-contained electric motor (+10.3% per year).
In value terms, in-hand motor grinders, sanders and planers ($831M) remains the largest type of power tools exported from Mexico, comprising 65% of total exports. The second position in the ranking was held by saws for working in the hand, with self-contained electric motor ($258M), with a 20% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of in-hand motor grinders, sanders and planers exports stood at +11.2%. With regard to the other exported products, the following average annual rates of growth were recorded: saws for working in the hand, with self-contained electric motor (+9.1% per year) and drills of all kinds for working in the hand, with self-contained electric motor (-1.5% per year).
Export Prices by Country
In 2023, the power tool price stood at $48 per unit (FOB, Mexico), falling by -6.5% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $97 per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($55 per unit), while the average price for exports to the United States totaled $48 per unit.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.0%).
This report provides an in-depth analysis of the power tool market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
