Mexican Fluid Conveyance Market Report

“The Mexican fluid conveyance market size in terms of overall production (including export) was US$ 3.0 Billion in 2023 and is likely to grow at a dynamic CAGR of 5.3% in the long run to reach US$ 4.2 Billion by 2030.”

Market Dynamics

Introduction

Fluid conveyance systems comprise a diverse range of components essential for the transfer of fluids from one point to another. These crucial elements encompass hoses, tubes, connectors, fittings, couplings, adaptors, and other indispensable tools required for establishing seamless connections. Hoses, serving as the primary medium for fluid transfer, are fabricated from rubber, thermoplastics, or metals, selected based on the specific properties of the fluid and the intended application. The determination of hose length, material, and thickness is contingent upon the targeted application to achieve the requisite pressure levels. These hoses find application in hydraulic systems, pneumatic systems, fuel delivery systems, beverage dispensing systems, water supply systems, and other industrial and commercial contexts.

Market Drivers

The shifting market conditions from China to Mexico, the Made-In-USA initiative, and Free Trade Agreements have established an advantageous landscape for fluid conveyance market in Mexico. The USMCA facilitates easier access to major markets, reduces tariffs, and promotes exports. Furthermore, the nation provides a proficient workforce at a comparatively lower cost than other industrialized nations. In addition to that, the market is anticipated to be influenced by the expansion or establishment of new manufacturing facilities in Mexico by global fluid conveyance manufacturers. For instance, ContiTech AG has committed an investment of $40 million to inaugurate a new factory in Mexico.

Market Challenges

There are many challenges that foreign companies face while entering or sustaining in the Mexican market. The major challenges include the country’s high crime rates, corruption, poor infrastructure, complicated tax laws, and slow permitting processes.

Recent Market JVs and Acquisitions:

A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

• In May 2021, Imperial Auto Industries acquired a portion of Continental AG’s Industrial Molded Hose Assets to expand its global presence and customer base in Mexico.
• In February 2020, Manuli Rubber Industries SpA (MRI) acquired majority shares of RYCO Hydraulics Pty Ltd (RYCO) to provide an enhanced product range and service offering to customers of both companies.

Market Segments' Analysis

“Rubber hydraulic hoses are expected to remain dominant whereas industrial hoses will be the fastest-growing products of the market during the forecast period.”

• Hydraulic hoses are designed to withstand high pressures, offer flexibility, and are highly durable and resistant to wear abrasion, and environmental factors. They are crucial in industries such as construction, agriculture, mining, manufacturing, automotive, and oil & gas.
• These hoses are highly demanded in automotive manufacturing (hydraulic systems in vehicles), construction (operating heavy machinery), agriculture (hydraulic systems in tractors and farming equipment), oil & gas (drilling operations and fluid transfer), industrial machinery operation (powering actuators and conveying fluids), and mining (hydraulic systems in mining equipment).
• Industrial hoses are utilized in a variety of applications including EV charging stations, solar panels, processing industries, construction, and agriculture.
• The growth of the manufacturing sector and investments in infrastructure projects, such as construction, transportation, and energy, require a diverse range of industrial hoses. The increasing modernization of agriculture processes and the rise of automation and robotics in Mexican industries necessitate the use of various industrial hoses.

By Application Type

“Construction is expected to remain the dominant whereas thermal management is likely to be the fastest-growing application of the fluid conveyance market in Mexico during the forecast period.”

• The market is segmented into agriculture/forestry, commercial vehicles (heavy-duty vehicles), construction, mining, material handling & utility equipment, other mobiles, alternate energy, discrete manufacturing, oil & gas and marine, processing, other industries, and thermal management (EV charging stations, railway battery cooling, and liquid cooling data centers).
• The construction industry in Mexico has experienced substantial expansion, primarily attributed to government-led infrastructure initiatives, rapid urbanization, increased foreign direct investment, and overall economic progress.
• The escalation in construction activities and a significant infusion of public funds into infrastructure projects, such as the Tren Maya railway and the Dos Bocas Refinery, are anticipated to establish construction as a primary catalyst for the burgeoning demand for fluid conveyance systems in Mexico.
• The rapid expansion of thermal management systems is being propelled by the increasing installation of EV charging stations across the country and the growth of data centers, driven by the rising demand for cloud services, the growth of e-commerce, and the digitalization of businesses.
• The growth of EV charging stations and data centers significantly impacts the demand for fluid conveyance products for thermal management.

Key Players

The market is consolidated with the presence of more than 100 players across the country. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the Mexican fluid conveyance market:

Here is the list of the Top Players (Based on Dominance)

• Parker Hannifin Corporation
• Gates Industrial Corporation plc
• Manuli Rubber Industries SpA
• Balflex Group
• ALFA GOMMA SpA.
• Continental AG
• Bridgestone Corporation

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The Mexican fluid conveyance market is segmented into the following categories. 

Mexican Fluid Conveyance Market, by Product Type

• Rubber Hydraulic Hoses
• Thermoplastic Hoses
• PTFE Hoses
• Industrial Hoses
• Connectors
• Couplings
• Assemblies

Mexican Fluid Conveyance Market, by Application Type

• Agriculture/Forestry
• Commercial Vehicles
• Construction
• Mining
• Material Handling & Utility Equipment
• Other Mobiles
• Alternate Energy
• Discrete Manufacturing
• Oil & Gas and Marine
• Processing
• Other Industries
• Thermal Management

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Mexican fluid conveyance market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 30 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com