In 2020, the Mexican power tools market size was estimated at ***** million U.S. dollars. By 2027, the power tools market in this country is forecasted to exceed *** billion U.S. dollars.

The Mexico power tools market size is expected to grow at a CAGR of 5.10% between 2025 and 2034. The market is being driven by the surge in construction activities, rapid urbanisation, and increasing availability of a variety of power tools.

Mexico Power Tools market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

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In 2024, the Mexican power tool market decreased by -14.2% to $850M, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -14.5% against 2022 indices.

Mexico power generation equipment market is expected to register strong growth due to the growing demand for reliable power supply and to reduce carbon emissions.

Access North America DIY Power Tools Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, End-User, Product, Sales Channel

The industry has shown steady growth over the past five years. Companies across the industry benefited from consistent demand in construction, manufacturing and home improvement, which supported revenue expansion. Shifts in consumer preferences toward cordless and battery-powered tools influenced product lines and encouraged innovation. Expansion in the housing and commercial construction markets boosted downstream demand for power tools and related machinery. Growing infrastructure initiatives also contributed to stable orders for machinery manufacturers. International demand remained healthy, particularly from emerging markets importing US-made equipment. Low interest rates early in the period provided a foundation for equipment purchases in construction and industrial markets. Labor shortages in manual trades prompted a shift toward more automated and advanced machinery among contractors and businesses. Fluctuations in raw material prices affected profit for many companies, but continued investment in manufacturing technology helped manage costs. Over the past five years, larger companies have invested in robotics and automation, expanding product offerings to appeal to professionals and consumers seeking higher efficiency and safety. Fluctuating steel and electronic component prices created challenges for cost management, but companies improved operational efficiencies with leaner manufacturing practices and digital supply chain management, boosting profit. The industry continued to benefit from favorable trade conditions with Canada and Mexico under the United States-Mexico-Canada Agreement signed in 2020, supporting machinery exports. Competitive pricing pressures influenced market share among established brands and smaller manufacturers as both segments responded with expanded warranty options and customer support. Companies that diversified their product lines and regions of operation tended to secure more stable revenue streams, mitigating the risk associated with reliance on single markets. Power Tools and Other General Purpose Machinery Manufacturing industry revenue has been expanding at a CAGR of 2.0% over the past five years and is expected to total $62.5 billion in 2025, when revenue will jump by an estimated 1.5%. Over the next five years, industry performance will align closely with broader US construction and manufacturing trends. Federal and state infrastructure investment expansion will spur demand for general-purpose and specialized machinery. Ongoing urbanization and population growth in key regions will translate to a greater need for new housing and commercial buildings. Digital integration in machinery will become more widespread, with sensor-based monitoring and remote diagnostics moving to the forefront of new product releases. Although uncertainties in international trade policy may lead to changes in export demand, favorable currency movements could help maintain competitiveness abroad. Persistent labor shortages in construction and skilled trades will push end-users toward automated and labor-saving machinery options. Growth in e-commerce channels will expand market reach, allowing manufacturers to connect directly with contractors and consumers. Larger companies will strengthen their positions by leveraging new manufacturing processes, improving distribution networks and capitalizing on advanced features in machinery design to increase market share. Power Tools and Other General Purpose Machinery Manufacturing industry revenue is expected to expand at a CAGR of 2.0% to $69.0 billion over the five years to 2030.

Power tool manufacturers have faced a rollercoaster of economic conditions in recent years. The initial boost from low interest rates in 2020 and 2021 spurred residential construction and a surge in DIY projects. This environment offered a lifeline when other construction markets lagged. However, the tide turned in 2022 and 2023 when interest rate hikes chilled the market, hitting consumer confidence and slowing sales. Despite signs of recovery as of late 2024, persistent challenges like high input costs and increasing tariffs have continued to weigh heavily, creating an uncertain landscape as manufacturers navigate volatile market conditions. Despite volatility in residential construction, infrastructure and industrial construction activity have boosted power tool sales, offering some reprieve. Industry revenue has been decreasing at a CAGR of 0.4% over the past five years to total an estimated $4.2 billion in 2025, including an estimated increase of 1.8% in 2025. Manufacturers have continued to endure stiff competition from imports, particularly from China and Vietnam. Tariffs will potentially offer domestic manufacturers some relief as tariffs on these countries are higher than the broad 10.0% tariffs as of July 2nd, 2025. Supply chain woes have hindered profit growth for manufacturers as the price of key inputs has climbed. These supply chain woes have led some companies, like Stanley Black & Decker, to streamline operations to benefit profit, with the company closing various manufacturing and distribution facilities over the past five years, with new closure announcements as recently as 2025. Looking ahead, power tool manufacturers will likely enjoy growth. With sluggish new residential construction early as rates remain high, private spending on home improvements may boost sales to both consumers and professionals working on projects. Tariffs will likely continue to lead to volatility in the prices of steel and aluminum. Manufacturers will likely raise prices to maintain profitability, potentially leading to price-based gains but also potentially disincentivizing downstream demand. Still, higher tariffs on Chinese and Vietnamese goods may take pressure off import penetration. Tariffs may also lead companies to reshore or nearshore operations to Mexico to align with USMCA agreements. Furthermore, a shift toward digital and connected tools presents a chance for manufacturers to capitalize on emerging technological trends. Industry revenue is forecast to climb at a CAGR of 1.9% to total an estimated $4.7 billion through the end of 2030.

Power Tool exports reached their highest point in August 2023, with a value of $131M.

For the fourth year in a row, the Mexican machine-tool for working metal market recorded growth in sales value, which increased by 1% to $222M in 2024. In general, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $5.9B. From 2014 to 2024, the growth of the market failed to regain momentum.

During the period analyzed, Power Tool exports reached a record high of 2.8M units in August 2023, but slightly decreased from September to December 2023. In terms of value, exports of Power Tools saw a modest growth, totaling $100M in December 2023.

The global woodworking tools market is experiencing robust growth, projected to reach a market size of $476.4 million in 2025, expanding at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033. This growth is driven by several factors. The increasing popularity of DIY home improvement projects and the resurgence of handcrafted furniture are fueling demand for high-quality woodworking tools among both professional artisans and hobbyists. Furthermore, technological advancements, such as the introduction of cordless and battery-powered tools with improved ergonomics and precision, are enhancing productivity and attracting a broader user base. The market segmentation reveals strong demand across both commercial and household applications, with power tools commanding a significant share compared to hand tools. This is likely attributed to the efficiency and power offered by power tools, especially in professional settings. The North American market, encompassing the United States, Canada, and Mexico, is expected to hold a significant market share, driven by high disposable incomes and a thriving construction and renovation sector. However, economic fluctuations and material cost increases could potentially act as restraints on market expansion, especially in certain regions. Nevertheless, the overall outlook remains positive, indicating considerable opportunities for market players to innovate and expand their product portfolios to capitalize on emerging trends. The market's growth is also influenced by regional variations. While North America is a key region, significant growth potential also exists in Asia-Pacific, particularly in rapidly developing economies like China and India, where rising urbanization and infrastructure development are driving demand for woodworking tools. Europe, with its established woodworking industry, remains a substantial market, while the Middle East and Africa present emerging opportunities with increasing investment in construction and manufacturing. Competition within the market is intense, with established brands like Stihl, DeWalt, Milwaukee, and others competing on the basis of innovation, quality, and brand recognition. The strategic partnerships, mergers, and acquisitions that are expected within the industry are likely to further shape the competitive landscape. This dynamic environment necessitates a focus on product differentiation, targeted marketing strategies, and effective supply chain management for sustained success.

In Mexico Wind Power Equipment Market, grow from 7.5 gigawatt in 2024 to 11.82 gigawatt by 2030, at a CAGR of 1.6% during the forecast period (2024-2030).

This statistic shows the revenue of the industry “Welding and soldering equipment manufacturing“ in Mexico from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of Welding and soldering equipment manufacturing in Mexico will amount to approximately ***** million U.S. Dollars by 2024.

Mexico Machine Tool Market centers on the design, manufacturing, and application of machine tools—devices that cut, shape, or form materials through various mechanical processes.

Imports of self-opening dieheads for machine-tools and hand tools in Mexico totaled X units in 2017, coming down by -X% against the previous year. Overall, imports of self-opening dieheads for machine-tools and hand tools continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2013, an increase of X% year-to-year. In that year, the imports of self-opening dieheads for machine-tools and hand tools reached its maximum volume of X units.

Comprehensive dataset of 50 Power plant equipment suppliers in Mexico as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.