Key Market Indicators
The import of DC motors in Mexico is projected to climb to approximately $98 million by 2028, up from around $83 million in 2023. This represents an average annual growth rate of 2.7%. Since 1995, the demand for DC motors in Mexico has increased by an average of 2.3% each year. On the export front, Mexico is expected to see its DC motor exports rise to about $107 million by 2028, compared to nearly $91 million in 2023. This marks a compound annual growth rate (CAGR) of 2.6%. Since 1995, the supply of DC motors from Mexico has surged by an average of 3.2% annually. In 2023, Mexico ranked seventh in DC motor exports, with the United Kingdom surpassing it at roughly $91 million. Germany, the United States, and France occupied the second, third, and fourth positions, respectively, in the global export rankings.
