Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 5.8% over the past five years, to reach an estimated $25.6bn in 2019.
Trends and Insights
- US gross domestic product is expected to exhibit declining levels of growth, posing a major threat to the industry
- Additional trends and insights available with purchase
Biggest companies in the Aircraft, Engine & Parts Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Safran Aircraft Engines México SA de CV | ||||
Textron Inc. | ||||
Honeywell Aerospace de Mexico SA de CV |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Engine and turbine production, Landing gear systems and Electrical parts. Engine and turbine production is the largest segment of the Aircraft, Engine & Parts Manufacturing in Mexico.
Trends and Insights
• The Aircraft, Engine and Parts Manufacturing industry's products and services are widely diversified given the industry's high degree of globalization and geographic distribution.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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 the downstream aerospace industries of the aforementioned countries has contributed to the industry's growth during the five-year period. As a result, IBISWorld expects industry revenue has increased at an annualized rate of 5.8% to MXN $25.6 billion over the five years to 2019, including expected growth of 1.5% in 2019 alone.
What's included in this industry?
Manufacturing and rebuilding aircraftManufacturing aircraft engines and engine partsManufacturing aircraft auxiliary partsEngine and turbine productionLanding gear systemsElectrical partsAircraft assemblyResearch and developmentOtherCompanies
Safran Aircraft Engines México SA de CVTextron Inc.Honeywell Aerospace de Mexico SA de CVPurchase this report to view all 4 major companies in this industry.
Related Terms
LARGE COMMERCIAL AIRCRAFTORIGINAL EQUIPMENT MANUFACTURER (OEM)UNMANNED AERIAL VEHICLES (UAV)Industry Code
NAICS 33641MX - Aircraft, Engine & Parts Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Real exchange rate index. The real exchange rate index effectively measures the value of the Mexican peso against the currencies of its major trading partners. An increase in ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• The Aircraft, Engine and Parts Manufacturing industry's products and services are widely diversified given the industry's high degree of globalization and geographic di...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Aircraft, Engine and Parts Manufacturing industry in Mexico is primarily dispersed across two regions, the Northwest and the North-Central regions. These regions consist o...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of scale. Economies of scope provide more opportunities for larger businesses. Providing multiple outputs at the lowest cost, such as providing financial services wi...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Safran Aircraft Engines México SA de CV (Safran) began operating in Mexico in 1992 with the expansion of one of its subsidiary's operations into Tijuana. Headquartered in Mexi...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Safran Aircraft Engines México SA de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Textron Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Honeywell Aerospace de Mexico SA de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Safran Aircraft Engines México SA de CV, and factors influencing its performance in the industry
- Description and key data for Textron Inc., and factors influencing its performance in the industry
- Description and key data for Honeywell Aerospace de Mexico SA de CV, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Aircraft, Engine and Parts Manufacturing industry in Mexico operates under a moderate degree of regulatory oversight. The industry's regulations are characterized by stand...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Aircraft, Engine & Parts Manufacturing industry in Mexico in 2019?
The market size of the Aircraft, Engine & Parts Manufacturing industry in Mexico is $25.6bn in 2019.
How many businesses are there in the Aircraft, Engine & Parts Manufacturing in Mexico industry in 2019?
There are 42 businesses in the Aircraft, Engine & Parts Manufacturing industry in Mexico, which has declined at a CAGR of -3.8% between 2014 and 2019.
Has the Aircraft, Engine & Parts Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Aircraft, Engine & Parts Manufacturing industry in Mexico has been at a CAGR of 5.8% between 2014 and 2019.
What is the forecast growth of the Aircraft, Engine & Parts Manufacturing industry in Mexico over the next 5 years?
The Aircraft, Engine & Parts Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Aircraft, Engine & Parts Manufacturing market in Mexico?
The biggest companies operating in the Aircraft, Engine & Parts Manufacturing market in Mexico are Safran Aircraft Engines México SA de CV, Textron Inc. and Honeywell Aerospace de Mexico SA de CV
What does the Aircraft, Engine & Parts Manufacturing in Mexico include?
Manufacturing and rebuilding aircraft and Manufacturing aircraft engines and engine parts are part of the Aircraft, Engine & Parts Manufacturing industry.
Which companies have the highest market share in the Aircraft, Engine & Parts Manufacturing in Mexico?
The company holding the most market share in Mexico is Safran Aircraft Engines México SA de CV.
How many people are/were employed in the Aircraft, Engine & Parts Manufacturing in Mexico in 2019?
There are 38,558 employed in the Aircraft, Engine & Parts Manufacturing industry in Mexico 2019.
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Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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