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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Metal Cutting Tools Market Growth
Metal cutting tools remove excess material from metal objects through shear deformation. Integral to the machining industry, they are commonly used in manufacturing operations. Their high-precision technology ensures smooth operation, making the entire process quick and efficient.
As per the Mexican Automotive Industry Association (AMIA) and ITA Office of Transportation and Machinery, passenger vehicle production in Mexico has increased to 3,308 in 2022 from 2,979 in 2021. The need for precision machining tools, which are necessary for metal cutting, shaping, and finishing procedures that are important to the precise and effective manufacturing of automotive parts, grows along with the production of passenger vehicles.
Mexico Metal Cutting Tools Market Report Snapshots
Mexico Metal Cutting Tools Market Size
Mexico Metal Cutting Tools Market Growth
Mexico Metal Cutting Tools Market Trends
Mexico Metal Cutting Tools Market Share
Mexico Metal Cutting Tools Manufacturers
Mexico Metal Cutting Tools Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Mexico metal cutting tools market was valued at USD 1.62 billion in 2023.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The revenue generated from the Mexico metal cutting tools market is expected to reach USD 2.50 billion in 2032.
The major market drivers include increasing research and development activities by key players, new product launches, growing requirements for high-speed cutting tools, and increasing construction activities.
The key trends fuelling the growth of the market include introduction of novel technologies, increasing popularity of DIY projects, and growing applications in the welding and fabrication industry.
Carbon steel, alloy steel, borazon, and cemented carbide, among others, are the materials commonly used for cutting tools.
Based on the application, the market is divided into automotive, industrial machinery manufacturing, energy and power, marine, aerospace and defence, and others.
The market is categorised according to the product, which includes a machining centre, lathe machine, boring machine, grinding machine, milling machine, drilling machine, and others.
The market is broken down into Baja California, Northern Mexico, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The market key players are Makita Corporation, Robert Bosch Tool Corporation, Hilti Corporation, Seco Tools AB, and ISCAR LTD. among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124