Mexico Material Handling Market: Market Research by Knowledge Sourcing Intelligence

Mexico material handling market is projected to witness the growth at a decent CAGR during the forecast period. The regulations for workplace and worker’s safety augments the need for replacing labor with machines, which in turn is propelling the Mexico material handling market growth. In addition, the aging population and the growing prevalence of diseases are expected to increase the labor cost in years ahead. This will encourage players to adopt material handling equipment in the coming years. The mining industry in Mexico is growing exponentially owing to the presence of an abundance of unexplored resources. The inability of workers to perform some specific tasks during mining drives the demand for material handling equipment which, in turn, boosts Mexico’s material handling market growth. 
Workers who perform manual handling tasks in industries which require transportation and transfer of bulky and heavy materials are exposed to the risks such as strains and sprains from lifting heavy loads manually and it leads to injuries caused by falling materials that have been improperly stored. Moreover, workers exposed to hazardous working conditions face many physical problems like loss of vision, mental stress, and increased rate of heart and lung diseases.
mexico material handling market: market research by knowledge sourcing intelligence
Mexico Material Handling Market Forecast

Mexico Material Handling Market by Products:
By-products, Mexico Material Handling market is segmented as automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, and others. Trucks and lifts held the largest market share in 2016 and will remain the biggest product category for Mexico Material Handling market till 2020. Automated Guided Vehicles market will grow at a significant market share in 2016 and is projected to continue its dominance throughout the forecast period owing to high demand for pallet trucks and fork trucks across various end-use industries in Mexico. Automated storage and retrieval systems market will also witness significant growth over the forecast period due to increased automation across end-use sectors in Mexico. The market research provides a detailed analysis of mexico material handling market on the basis of the various segment like- by application, by products, etc.

Mexico Material Handling Market by Application:
Mexican Warehousing and Distribution Material Handling market is projected to grow from US$XX.XX billion in 2016 to US$XX.XX billion in 2020 at a CAGR of XX% during the forecast period. Growing demand from the automotive sector is one of the driving forces of Mexican material handling market for warehousing and distribution segment. In February 2016, Japan-based global warehousing company, Yusen Logistics, opened a new logistics center in Mexico, owing to the growing demands of its domestic and international automotive customers, to provide services such as domestic truck, rail and intermodal transportation, warehousing, and international freight forwarding.
Rising online transactions in Mexico further accelerates the demand for advanced warehousing solutions and services, which, in turn, bolsters the demand for material handling solutions across this segment. Per the Mexican Association of Online Sales (AMVO), online sales of major retailers such as Sanborns, Walmart, Liverpool, and Sears has risen to 20% of total sales from 2012 (1% 0f total sales). Furthermore, as per data provided by the Mexican Internet Association, online sales in the country are currently worth almost US$14 billion per year. Though the Mexican e-commerce industry still lags that of other countries such as Brazil, major online retailers are entering the market to tap this potential opportunity. Recently on September 2017, Amazon.com announced to open a 1 million-square-foot warehouse in Mexico in 2018 to provide a boost to the nascent e-commerce industry in the country. 
mexico material handling market: market analysis by knowledge sourcing intelligence
Mexico Material Handling Market by Application

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mexico material handling market trends

Rising online sales will require retailers to deliver products to customers which will bolster the demand for material handling solutions in warehousing and logistics part of the supply chain.  

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