Fastest Declining Industries in Mexico by Revenue Growth (%) in 2025

1. Construction Machinery Manufacturing in Mexico

2019-2020 Revenue Growth: -5.6%

The Construction Machinery Manufacturing industry in Mexico consists of operators primarily engaged in the production of equipment used in residential, nonresidential and general infrastructure construction activities. These products typically include power cranes, wheel and crawler tractors, mixers, compactors and other various tools and machinery. Over the five years to 2019, positive macroeconomic trends in the Mexican economy have helped enhance construction activity within the country. As a result, domestic consumers have been increasingly requiring industry-produced goods. Unfortunately, domestic markets account for a mere 8.1% of total industry revenue with over 90.0% of goods sold to foreign companies. Despite a general... Learn More

2. Office Equipment Wholesaling in Mexico

2019-2020 Revenue Growth: -4.7%

The Office Equipment Wholesaling industry in Mexico has been undercut over the past five years by digitalization, which has dampened demand for a variety of products distributed by industry operators. Companies in this industry primarily wholesale office furniture, equipment and computer accessories. The industry also includes companies that distribute copiers and associated accessories, high-security industrial clothing and footwear and a variety of other toiletries used in office settings. The changing nature of how information is consumed and disseminated has led to declining demand for many of the industry's core products. Companies are increasingly opting for digital products and tools over... Learn More

3. Auto Parts Retailers in Mexico

2019-2020 Revenue Growth: -4.6%

The Auto Parts Retailing industry in Mexico comprises establishments dedicated primarily to the distribution of parts, spares and accessories for all types of light vehicles. It also includes establishments that perform a variety of auto maintenance activities. This industry trends in line with population growth because the more individuals there are, the more likely they are to own a vehicle, which increases the chances they would require industry related parts. However, counterintuitively, industry revenue has been negatively affected by enhanced levels of consumer spending and new car sales over the five years to 2019. While strong macroeconomic factors tend to... Learn More

4. Road & Highway Construction in Mexico

2019-2020 Revenue Growth: -4.3%

Operators in the Road and Highway Construction industry in Mexico primarily engage in providing the supervision or construction of roads, transportation routes, bridges and steel and concrete signs and protections. These services include new jobs and extensions, as well as maintenance and repairs. Private companies are typically contracted to oversee and complete the construction process, while funding for these projects can come from various sources, with state and national government contributions accounting for the largest share. A significant portion of large infrastructure projects in Mexico are funded using bond issuances. Particularly for larger projects such as highways, a public-private-partnership (PPP)... Learn More

5. Newspaper, Periodical, Book & Directory Publishers in Mexico

2019-2020 Revenue Growth: -3.4%

The Newspaper, Periodical, Book and Directory Publishers industry in Mexico includes businesses primarily engaged in print media creation and distribution. Publishers in the industry typically undertake the printing of their own products, though industry publishers may also contract third-party presses. Many newspapers and magazines also distribute their content digitally; however, publications available exclusively online are excluded from the industry.

Over the past five years, consumers worldwide have gravitated toward online content, but have also spent more on media and entertainment in general. As a result, print media performance has declined globally, but the intensity of the decline has varied by region... Learn More

6. Long-Distance Collective Passenger Transportation in Mexico

2019-2020 Revenue Growth: -2.2%

The Long-Distance Collective Passenger Transportation industry in Mexico comprises established dedicated to providing transportation services for passengers between cities, metropolitan areas or rural areas. Operators provide collective transport services, on fixed and regular schedules, using buses or vans. Importantly, the industry does not include collective transport services within metropolitan areas or taxi services. Generally, services are catered to commuters from outside the city or for low-cost transportation over long distances. As a result, the industry markets its services to travelers that do not own a car and have moderately low levels of household income. When the number of privately owned... Learn More

7. Wireless Telecommunications Carriers in Mexico

2019-2020 Revenue Growth: -2.2%

The Wireless Telecommunications Carriers industry comprises establishments dedicated to providing wireless internet access services, mobile radio communication services and mobile radiolocation services, typically via a cell phone service provider. Operators transmit voice, data, text, sound and video to customers.

Increased pressure from regulators on industry participants has fueled dramatic shifts to the industry's competitive landscape over the five years to 2019. These pressures have largely been centered around boosting coverage nationally and providing more competitive prices to consumers. As a result, industry revenue is expected to contract at an annualized rate of 1.5% to MXN $279.9 billion, with an anticipated decline... Learn More

8. Public Transportation in Mexico

2019-2020 Revenue Growth: -0.9%

The Public Transportation industry in Mexico is primarily engaged in the urban and suburban collective transport of passengers in buses, automobiles, cable cars, trolleybuses, light trains and metro systems, with regular schedules and fixed routes, circulating in the urban or metropolitan area of a population. The industry excludes establishments primarily engaged in passenger transport by rail, taxis and other tourist and recreational transport. Over the five years to 2019, the industry has experienced a decline in revenue to increased private automobile use (as measured by motor vehicle registrations), which provides a substitute for public transportation services. As automobile use has... Learn More

9. Architectural, Engineering & Related Services in Mexico

2019-2020 Revenue Growth: -0.4%

Over the five years to 2019, the Architectural, Engineering and Related Services industry has experienced a significant decline in industry revenue. During the period, industry revenue is anticipated to decline an annualized 4.6% to MXN $35.9 billion in 2019. Revenue growth is projected to increase only a slight 0.3% in 2019. The industry's performance has been negatively affected by declining demand for engineering and related geophysical surveying services, which have offset growing demand for architectural services.

Despite reduced demand for industry services, the number of industry enterprises is estimated to increase an annualized 2.6% during the period to 7,113 companies in... Learn More

10. Footwear Manufacturing in Mexico

2019-2020 Revenue Growth: -0.3%

The Footwear Manufacturing industry in Mexico plays an important role in the Global Footwear Manufacturing industry (IBISWorld report C1321-GL). Industry operators manufacture a wide variety of footwear, including sneakers, shoes and boots, among others, for men, women and children. As with most other manufacturing industries in Mexico, trade represents a meaningful portion of industry revenue. However, domestic consumption of footwear also represents a large portion of demand for operators' products. While labor expenses are lower in Mexico compared with other developed nations, many footwear manufacturers choose to headquarter their manufacturing operations in Asia. Still, many large operators maintain manufacturing relationships... Learn More