Apparel & Non-Apparel Manufacturing in Mexico
Summary
Apparel & Non-Apparel Manufacturing in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel & non-apparel manufacturing market is segmented into apparel and non-apparel products. The market value refers to the revenue generated by apparel and non-apparel manufacturers in a specific year.
- The Mexican apparel & non-apparel manufacturing market recorded revenues of $17,822.5 million in 2023, representing a compound annual growth rate (CAGR) of 7.8% between 2018 and 2023.
- The apparel segment accounted for the market's largest proportion in 2023, with total revenues of $15,395.4 million, equivalent to 86.4% of the market's overall value.
- The Mexican apparel & non-apparel manufacturing market is influenced by its role as a major manufacturing hub for North American brands, driven by competitive labor costs and proximity to the US market. Domestic demand is growing due to increasing urbanization and economic development. The rising emphasis on sustainability and green fashion, driven by eco-conscious consumers, pushes manufacturers to adopt environmentally friendly practices and materials, boosting demand for sustainable products. For instance, according to GlobalData, the Mexican green fashion market value stood at $53.5 million in 2023, an increase of 13.2% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel & non-apparel manufacturing market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel & non-apparel manufacturing market in Mexico
- Leading company profiles reveal details of key apparel & non-apparel manufacturing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico apparel & non-apparel manufacturing market with five year forecasts
- What was the size of the Mexico apparel & non-apparel manufacturing market by value in 2023?
- What will be the size of the Mexico apparel & non-apparel manufacturing market in 2028?
- What factors are affecting the strength of competition in the Mexico apparel & non-apparel manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Mexico's apparel & non-apparel manufacturing market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. PVH Corp
- 8.2. VF Corp
- 8.3. NIKE Inc
- 8.4. Levi Strauss & Co.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Mexico apparel & non-apparel manufacturing market value: $ million, 2018-23
- Table 2: Mexico apparel & non-apparel manufacturing market category segmentation: % share, by value, 2018-23
- Table 3: Mexico apparel & non-apparel manufacturing market category segmentation: $ million, 2018-23
- Table 4: Mexico apparel & non-apparel manufacturing market geography segmentation: $ million, 2023
- Table 5: Mexico apparel & non-apparel manufacturing market value forecast: $ million, 2023-28
- Table 6: PVH Corp: Key Facts
- Table 7: PVH Corp: Annual Financial Ratios
- Table 8: PVH Corp: Key Employees
- Table 9: VF Corp: Key Facts
- Table 10: VF Corp: Annual Financial Ratios
- Table 11: VF Corp: Key Employees
- Table 12: NIKE Inc: Key Facts
- Table 13: NIKE Inc: Annual Financial Ratios
- Table 14: NIKE Inc: Key Employees
- Table 15: Levi Strauss & Co.: Key Facts
- Table 16: Levi Strauss & Co.: Annual Financial Ratios
- Table 17: Levi Strauss & Co.: Key Employees
- Table 18: Mexico Size of Population (million), 2018-23
- Table 19: Mexico Real GDP (constant 2010 prices, $ billion), 2018-23
- Table 20: Mexico GDP (current prices, $ billion), 2018-23
- Table 21: Mexico Inflation, 2018-23
- Table 22: Mexico Consumer Price Index (absolute), 2018-23
- Table 23: Mexico Exchange Rate, 2018-23
- List of Figures
- Figure 1: Mexico apparel & non-apparel manufacturing market value: $ million, 2018-23
- Figure 2: Mexico apparel & non-apparel manufacturing market category segmentation: $ million, 2018-23
- Figure 3: Mexico apparel & non-apparel manufacturing market geography segmentation: % share, by value, 2023
- Figure 4: Mexico apparel & non-apparel manufacturing market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the apparel & non-apparel manufacturing market in Mexico, 2023
- Figure 6: Drivers of buyer power in the apparel & non-apparel manufacturing market in Mexico, 2023
- Figure 7: Drivers of supplier power in the apparel & non-apparel manufacturing market in Mexico, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the apparel & non-apparel manufacturing market in Mexico, 2023
- Figure 9: Factors influencing the threat of substitutes in the apparel & non-apparel manufacturing market in Mexico, 2023
- Figure 10: Drivers of degree of rivalry in the apparel & non-apparel manufacturing market in Mexico, 2023
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