Apparel & Non-Apparel Manufacturing in Mexico

May 2025 | 35 pages | ID: AE35B890D72EN
MarketLine

Abstracts

Apparel & Non-Apparel Manufacturing in Mexico

Summary

Apparel & Non-Apparel Manufacturing in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Apparel & non-apparel manufacturing market is segmented into apparel and non-apparel products. Apparel segment includes menswear, womenswear, and childrenswear. It does not include leather, footwear, and accessories. Non-apparel products segment includes non-clothing textiles such as carpets, mats, rugs, carpet tiles, textiles and soft furnishings (bathroom textiles, beddings, cushions, futons, hammocks, table linen, furniture covers, doormats), and window curtains.
• The Mexican apparel & non-apparel manufacturing market recorded revenues of $19,596.3 million in 2024, representing a compound annual growth rate (CAGR) of 6.8% between 2019 and 2024.
• The apparel segment accounted for the market's largest proportion in 2024, with total revenues of $14,987.6 million, equivalent to 76.5% of the market's overall value.
• The contraction of the Mexican apparel & non-apparel manufacturing market in 2024 was due to the increase in labor costs outpacing productivity gains, coupled with a strong Mexican peso. According to Federal Reserve Bank of Dallas, between 2019 and 2023, average daily wages in Mexico's formal sector rose by 14% in real terms, driven by substantial increases in the federal minimum wage.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel & non-apparel manufacturing market in Mexico
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel & non-apparel manufacturing market in Mexico
• Leading company profiles reveal details of key apparel & non-apparel manufacturing market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Mexico apparel & non-apparel manufacturing market with five year forecasts

Reasons to Buy

• What was the size of the Mexico apparel & non-apparel manufacturing market by value in 2024?
• What will be the size of the Mexico apparel & non-apparel manufacturing market in 2029?
• What factors are affecting the strength of competition in the Mexico apparel & non-apparel manufacturing market?
• How has the market performed over the last five years?
• What are the main segments that make up Mexico's apparel & non-apparel manufacturing market?

Companies Mentioned

Grupo Kaltex SA de CV
Grupo Denim SA de CV
VF Corp

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. Grupo Kaltex SA de CV
8.2. Grupo Denim SA de CV
8.3. VF Corp

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES
Table 1: Mexico apparel & non-apparel manufacturing market value: $ million, 2019-24
Table 2: Mexico apparel & non-apparel manufacturing market category segmentation: % share, by value, 2019-24
Table 3: Mexico apparel & non-apparel manufacturing market category segmentation: $ million, 2019-24
Table 4: Mexico apparel & non-apparel manufacturing market geography segmentation: $ million, 2024
Table 5: Mexico apparel & non-apparel manufacturing market value forecast: $ million, 2024-29
Table 6: Grupo Kaltex SA de CV: Key Facts
Table 7: Grupo Denim SA de CV: Key Facts
Table 8: VF Corp: Key Facts
Table 9: VF Corp: Annual Financial Ratios
Table 10: VF Corp: Key Employees
Table 11: Mexico Size of Population (Million), 2019-24
Table 12: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-24
Table 13: Mexico GDP (Current Prices, $ Billion), 2019-24
Table 14: Mexico Inflation, 2019-24
Table 15: Mexico Consumer Price Index (Absolute), 2019-24
Table 16: Mexico Exchange Rate, 2019-24

List Of Figures

LIST OF FIGURES
Figure 1: Mexico apparel & non-apparel manufacturing market value: $ million, 2019-24
Figure 2: Mexico apparel & non-apparel manufacturing market category segmentation: $ million, 2019-24
Figure 3: Mexico apparel & non-apparel manufacturing market geography segmentation: % share, by value, 2024
Figure 4: Mexico apparel & non-apparel manufacturing market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the apparel & non-apparel manufacturing market in Mexico, 2024
Figure 6: Drivers of buyer power in the apparel & non-apparel manufacturing market in Mexico, 2024
Figure 7: Drivers of supplier power in the apparel & non-apparel manufacturing market in Mexico, 2024
Figure 8: Factors influencing the likelihood of new entrants in the apparel & non-apparel manufacturing market in Mexico, 2024
Figure 9: Factors influencing the threat of substitutes in the apparel & non-apparel manufacturing market in Mexico, 2024
Figure 10: Drivers of degree of rivalry in the apparel & non-apparel manufacturing market in Mexico, 2024