Electronic Components Manufacturing in Mexico - Industry Market Research Report

Charged up: The industry is expected to continue flourishing as offshoring increases

Electronic Components Manufacturing in Mexico
The Electronic Components Manufacturing industry in Mexico has thrived over the five years to 2019 as demand grew and investment into industrial production from foreign companies intensified.As a result of the wide range of end markets, the industry has benefited from the general growth of the North American economy and the entire manufacturing sector. Moreover, foreign companies have increasingly invested in production facilities in Mexico to satisfy demand in major markets such as the United States and Europe. Foreign companies, particularly from the United States, have increasingly offshored production to Mexico to maximize profit. Competition from low-cost producers of electronic components and equipment from Asia has forced many companies to compete by reducing costs and prices. The industry is expected to continue flourishing as offshoring increases and aggregate private investment in manufacturing industries grows. Competition from low-cost producers in Asia is expected to intensify and drive the price of electronic components in the United States further down, which is likely to stimulate higher production in Mexico to be able to compete over the five years to 2024.
This industry in Mexico comprises establishments primarily engaged in manufacturing electronic components. Examples of products made by these establishments are capacitors, resistors, bare and loaded printed circuit boards, semiconductors, coils, transformers, electronic connectors, fax and telephones, harnesses, computer modems and other electronic components. Establishments that manufacture wires to conduct electricity are not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.