WHY LATIN AMERICA?

Demanda de tecnología para el progreso y crecimiento regional

FITMA represents a unique opportunity for OEMs and state-of-the-art machinery, equipment, technology and service suppliers to finally find an unprecedented context to meet, network and train.

Latin America is a growing region and will be demanding technology and services more and more. 

Expanding population of nearly 640 million

Growing middle class 

Driving technical workforce

LATIN AMERICA BY THE NUMBERS 

$5.32  Trillion

GPD 2018 (USD)

$147    Billion

Foreign Direct Investment to South & Central America in 2018

$4    Billion

Total Machine Tool Consumption in Top 5 Latin American Countries

639  Millon

Population

13,000

Additional Latin-America Engineering-Program Graduates in 2017

HOST COUNTRY

Mexico has established itself in Latin America as the production leader in various industries, such as automotive, aerospace, electronic products, medical devices, among others. 

 

25 of the world's leading vehicle manufacturers have manufacturing plants in Mexico.

THE MEXICAN MANUFACTURING  MARKET

1

Machine Tool Market

Mexico is the 8th largest consumer of Machine Tools.

2

Economy

Mexico is the 9th largest economy in the world (Goldman Sachs claims Mexico will be the 5th largest by 2050

3

Politics

Mexico has the most Free Trade Agreements of any other country in the world, offering OEM's the capability to produce in one territory, while easily supplying to many

4

Skilled Labor

90,000 engineers

graduating per year

5

Geography

Centrally located between North America, Central and South America with 2 oceans on either side

6

OEM Infrastructure

In recent years, nearly every
major OEM in Automotive,
Aerospace, Medical +
Appliance has invested in
Latin American operations

Aerospace Industry
The Mexican aerospace industry is also very prominent. In 2018, Mexican exports from the aerospace industry reached a value of close to $8.5 billion. the Mexican Aerospace Industry Federation’s forecast for 2020 is that Mexico will rank among the top 10 countries in the industry internationally.

Electronic Products
Mexico’s production in the electronic sector for 2019 reached $80.6 billion. Mexico is the main exporter of household appliances in Latin America.

Medical Devices
The production of medical devices in Mexico is more than $15.2 billion and generates more than 130,000 jobs. Currently, Mexico is the eighth medical device exporter worldwide, the top exporter in Latin America and the main supplier in the United States.

QUICK LINKS

CONTACT US

WOR Business Center           

Av. Eugenio Garza Sada #3820, Torre Micropolis, Oficinas Piso 8

Colonia Mas Palomas C.P. 64780

Monterrey, Nuevo León, México

Tel.  (+52) 818-387-4067

 

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