Mexico Industrial Gearboxes Market 2033

Mexico Industrial Gearboxes Market Size, Share, Trends and Forecast by Type, Design, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A34024

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Mexico Industrial Gearboxes Market Overview:

The Mexico industrial gearboxes market size reached USD 468.00 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 670.74 Million by 2033, exhibiting a growth rate (CAGR) of 4.08% during 2025-2033. The industry is powered by growing manufacturing industries, notably the automotive and energy sectors. Main drivers are also infrastructure investment, growing acceptance of automation, and increased demand for efficient, rugged, and fuel-efficient gearboxes. Developing technological innovations as well as a mounting need for renewable energy schemes are also promoting the Mexico industrial gearboxes market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 468.00 Million
Market Forecast in 2033	USD 670.74 Million
Market Growth Rate 2025-2033	4.08%

Mexico Industrial Gearboxes Market Trends:

Rising Demand for Gearboxes in Automotive Manufacturing

The automotive sector in Mexico is experiencing rapid growth, with the country being a major hub for vehicle production. The increasing demand for electric vehicles (EVs) is driving the need for advanced gearboxes to optimize performance. For instance, in April 2024, Sona Comstar inaugurated a new manufacturing plant in Silao, Mexico, to cater to the growing demand for Battery Electric Vehicles (BEVs) in North America. The facility will produce differential assemblies and reduction gears, enhancing supply chain efficiency and expanding the company's product range. This strategic expansion underscores Sona Comstar’s commitment to meeting the increasing demand for EV components, contributing to local job creation, and supporting the company’s long-term growth strategy in the global automotive market. Gearbox systems, such as transmission and drivetrain systems, are essential components for conventional as well as electric vehicle production. Moreover, the developments in automation technology have created new specifications for high-performance industrial gearboxes in automotive production lines, where accuracy and ruggedness become essential. As automobile companies focus on enhancing operational efficiency, the need for high-quality gearboxes fulfilling these specifications is escalating. This trend is consistent with Mexico's growing role in the global automotive market, making the country a leading player in gearbox demand for automotive use.

Growing Investments in Renewable Energy

Mexico is making substantial investments in renewable energy, particularly in wind and solar power, as part of its commitment to transitioning to a more sustainable energy mix. This surge in renewable energy projects has spurred demand for reliable and efficient gearboxes that are essential components in wind turbines and solar energy systems. Wind turbines, for example, rely on gearboxes for optimal energy generation, and as Mexico’s renewable energy sector grows, so does the need for durable, high-efficiency gearboxes. The country’s push to meet its clean energy goals by 2030 is driving the adoption of renewable energy solutions, further expanding the Mexico industrial gearboxes market growth specifically for these applications. For instance, WEG's planetary gearboxes feature an innovative air-oil cooling system that eliminates the need for water. This technology enables customers to save up to 500 liters of water per minute, totaling enough to fill over 100 Olympic-sized swimming pools each year. WEG provided these gearboxes to a Mexican sugar-energy company, underscoring its commitment to energy efficiency and environmental sustainability. The company's solutions encompass complete systems for industrial applications, focusing on water and energy conservation while delivering reliable, sustainable technology to meet customer requirements.

Mexico Industrial Gearboxes Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country/regional levels for 2025-2033. Our report has categorized the market based on type, design, and application.

Type Insights:

Helical Gearbox
Planetary Gearbox
Bevel Gearbox
Spur Gearbox
Worm Gearbox
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes helical gearbox, planetary gearbox, bevel gearbox, spur gearbox, worm gearbox, and others.

Design Insights:

Parallel Axis
Angled Axis
Others

The report has provided a detailed breakup and analysis of the market based on the design. This includes parallel axis, angled axis, and others.

Application Insights:

Construction and Mining Equipment
Automotive
Chemicals, Rubber and Plastic
Wind Power
Material Handling
Power Generation
Agriculture
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes construction and mining equipment, automotive, chemicals, rubber and plastic, wind power, material handling, power generation, agriculture, and others.

Regional Insights:

Northern Mexico
Central Mexico
Southern Mexico
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Industrial Gearboxes Market News:

In May 2025, Artec Machine teamed up with ISOMAG to enhance gearbox performance with advanced bearing seals. These seals improve durability, reliability, and cost efficiency by withstanding high temperatures, speeds, and stresses. Their rebuildable design reduces frequent replacements, making them ideal for demanding industrial applications, with no modifications required for most gearboxes.
In April 2025, the American Gear Manufacturers Association (AGMA) and the American Bearing Manufacturers Association (ABMA) merged to create the Motion and Power Manufacturers Alliance (MPMA), effective May 1, 2025. The alliance will focus on enhancing standards, education, workforce development, and advocacy, representing over 425 companies in the industry.

Mexico Industrial Gearboxes Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Design Application Region
Types Covered	Helical Gearbox, Planetary Gearbox, Bevel Gearbox, Spur Gearbox, Worm Gearbox, Others
Designs Covered	Parallel Axis, Angled Axis, Others
Applications Covered	Construction and Mining Equipment, Automotive, Chemicals, Rubber and Plastic, Wind Power, Material Handling, Power Generation, Agriculture, Others
Regions Covered	Northern Mexico, Central Mexico, Southern Mexico, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Mexico industrial gearboxes market performed so far and how will it perform in the coming years?
What is the breakup of the Mexico industrial gearboxes market on the basis of type?
What is the breakup of the Mexico industrial gearboxes market on the basis of design?
What is the breakup of the Mexico industrial gearboxes market on the basis of application?
What is the breakup of the Mexico industrial gearboxes market on the basis of region?
What are the various stages in the value chain of the Mexico industrial gearboxes market?
What are the key driving factors and challenges in the Mexico industrial gearboxes market?
What is the structure of the Mexico industrial gearboxes market and who are the key players?
What is the degree of competition in the Mexico industrial gearboxes market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico industrial gearboxes market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico industrial gearboxes market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico industrial gearboxes industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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