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

1. Electronic Components Manufacturing in Mexico

2019-2020 Revenue Growth: 5.2%

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. The industry manufactures essential components for the production of a wide range of electronic equipment used in industries such as automotive, communications, computers and consumer electronics. The most sought after components produced by industry operators include semiconductor devices, printed circuit assemblies, capacitors, resistors and electronic connectors. Since the industry's products are generally used as inputs for the manufacturing of other larger products, the industry is strongly influenced by the performance of downstream manufacturing... Learn More

2. Air Transportation in Mexico

2019-2020 Revenue Growth: 4.5%

The Air Transportation industry in Mexico comprises establishments mainly dedicated to passenger and cargo transport in the aircraft of domestic and foreign airlines, with fixed routes and schedules. Over the five years to 2019, the industry has experienced healthy growth due to increasing demand from both domestic travelers and international visitors. Over the five years to 2024, the industry is expected to continue growing because Mexico is projected to remain a top tourist destination and a growing middle class in Mexico takes more domestic and international flights.

Over the five years to 2019, industry revenue is expected to grow at an... Learn More

3. Computer System Design Services and Related Services in Mexico

2019-2020 Revenue Growth: 3.6%

The Computer System Design Services and Related Services industry in Mexico includes companies that provide a range of services in the information technology (IT) field. The range of services operators provide and specialize in can vary greatly, ranging from planning and design of computer systems and hardware integration to computer center management and software installation services. Establishments can also provide design and development of custom software products for clients. The industry is often referred to as IT consulting. Industry establishments benefit from the fast-changing environment within the technology sector, as companies will frequently demand industry services to ensure their operations... Learn More

4. Automobile Electronics Manufacturing in Mexico

2019-2020 Revenue Growth: 3.1%

The Automotive Electronics Manufacturing industry in Mexico primarily produces automotive wiring harnesses, distributors and ignition systems for light vehicles and trucks. Over the five years to 2019, the industry has expanded its operations as a result of increased demand from US automakers, rising levels of foreign direct investment and a decline in the value of the Mexican peso compared with the US dollar (USD). However, the industry's financial performance has been characterized decelerating growth during the five-year period as North American automobile production levels have declined in more recent years along with new car sales in the US, the industry's... Learn More

5. Meat, Beef & Poultry Processing in Mexico

2019-2020 Revenue Growth: 2.9%

The Meat, Beef and Poultry Processing industry in Mexico engages in slaughtering, selecting, cutting, deboning, packing and freezing meat from cattle, poultry and other animals. The preservation process includes drying, salting, smoking and canning. In addition, the industry produces sausages, pig and beef lard and other edible animal fats. Over the five years to 2019, increased consumer spending and a growing population have significantly affected the industry's performance. As meat and poultry are still core parts to Mexicans' diets, as the population increases, demand for these products is expected to rise. IBISWorld estimates that the population of Mexico is expected... Learn More

6. Other Chemical Product Manufacturing in Mexico

2019-2020 Revenue Growth: 2.8%

The Other Chemical Product Manufacturing industry in Mexico produces a wide range of chemical products such as printing ink, matches, photography chemicals, chemical agents, food complements for humans and animals, pine oils and detergent. Due to the sheer range of industry production, the industry is highly fragmented, and few companies operate in more than one or two product segments. Industry goods are used in numerous downstream industries, often as inputs, for instance pine oil is a common ingredient in many household cleaning products. The variety of industry production helps to insulate it from poor performance in any particular segment, as... Learn More

7. Petrochemical Manufacturing in Mexico

2019-2020 Revenue Growth: 2.7%

The Petrochemical Manufacturing industry in Mexico is primarily engaged in manufacturing acyclic hydrocarbons, such as ethylene, propylene and butylene, as well as manufacturing cyclic aromatic hydrocarbons, such as benzene, toluene, styrene, xylene, ethyl benzene and cumene. These products are derived from refined petroleum, liquid hydrocarbons or natural gas. This industry excludes industrial gas manufacturing and basic inorganic and organic chemicals manufacturing. Over the five years to 2019, the industry has experienced a sharp decline in revenue due to large decreases in the world prices of crude oil and natural gas, which are key inputs for operators in this industry. As... Learn More

8. Legal Services in Mexico

2019-2020 Revenue Growth: 2.7%

The Legal Services industry in Mexico includes establishments that primarily focus on providing advisory services and legal representation for legal defense before court or administrative agencies, notarial and certification services and advising and providing support services to carry out legal procedures. Establishments that are not notaries but are mainly dedicated to supporting the registration of property titles, verifying that all necessary documentation to make a purchase-sale of real estate is in order, preparing the corresponding paperwork and ensuring that the property being sold meets all legal requirements are also included. However, establishments that provide payment services on behalf of customers,... Learn More

9. Aircraft, Engine & Parts Manufacturing in Mexico

2019-2020 Revenue Growth: 2.7%

The Aircraft, Engine and Parts Manufacturing industry in Mexico engages in aircraft engine and turbine manufacturing, landing gear system manufacturing, electrical parts manufacturing, aircraft assembly and aerospace-related research and development. The industry is expected to expand over the five years to 2019 amid rising levels of foreign direct investment and global economic growth. The industry's dependence on export markets has largely tied the industry's performance to that of demand from the industry's top export destinations, such as the United States, Germany and the United Kingdom. In 2019, exports are estimated to account for 93.8% of industry revenue. Robust growth in... Learn More

10. Automobile & Pickup Truck Retailers in Mexico

2019-2020 Revenue Growth: 2.7%

The Automobile and Pickup Truck Retailers industry in Mexico is comprised of establishments dedicated primarily to the specialized retail trade of cars and vans. It also includes establishments that sell new cars and trucks, used cars and trucks, as well as establishments that retail parts and accessories in conjunction with the sale of new and used cars and trucks. However, establishments dedicated primarily to the retail trade of trucks and the exclusive retail trade of parts, spares and new, used or rebuilt accessories for vehicles are excluded from this industry. This industry generally trends in line with population growth and... Learn More