The Mexican hardware industry could grow thanks to the USMCA.
The revision of the United States-Mexico-Canada Agreement (USMCA) has provided Mexican hardware manufacturers with an opportunity to accelerate their growth, thanks to the priority the trade agreement gives to products manufactured in the region, as well as the increased consumption of goods made in Mexico, which has been bolstered by the federal strategy.
Francisco López Muñoz, Product Manager at RX México, emphasized that domestic companies have “impressive potential” to capitalize on the new business environment, provided that the agreement maintains incentives for the regional integration of supply chains.
After a long period dominated by imports from Asia, primarily China, the market is beginning to favor products with a higher regional content, benefiting Mexican manufacturers that use raw materials sourced from North America.
Lopez Muñoz also noted that Jalisco stands out among the sector’s leading manufacturing hubs due to the presence of well-known manufacturing companies in the state, such as Ingusa and Urrea, whose product portfolios include a significant proportion of products manufactured in Mexico.
Finally, the manager also noted that for the upcoming fiscal year, the sector expects growth of between 2.5% and 3.5%, driven by increased consumption of products in the domestic market, resulting from factors such as the completion of public works, infrastructure, and the maintenance of industrial facilities and residential properties., thanks to the priority the trade agreement gives to products manufactured in the region, as well as the increased consumption of goods made in Mexico, which has been bolstered by the federal strategy.
Francisco López Muñoz, Product Manager at RX México, emphasized that domestic companies have “impressive potential” to capitalize on the new business environment, provided that the agreement maintains incentives for the regional integration of supply chains.
After a long period dominated by imports from Asia, primarily China, the market is beginning to favor products with a higher regional content, benefiting Mexican manufacturers that use raw materials sourced from North America.
Lopez Muñoz also noted that Jalisco stands out among the sector’s leading manufacturing hubs due to the presence of well-known manufacturing companies in the state, such as Ingusa and Urrea, whose product portfolios include a significant proportion of products manufactured in Mexico.
Finally, the manager also noted that for the upcoming fiscal year, the sector expects growth of between 2.5% and 3.5%, driven by increased consumption of products in the domestic market, resulting from factors such as the completion of public works, infrastructure, and the maintenance of industrial facilities and residential properties.
