In the midst of all the chaos of 2021, the material handling industry is still projecting a global growth trend. The global material handling equipment market is projected to grow from $206.50 billion in 2021 to $300.21 billion in 2028 at a CAGR of 5.5% during the 2021-2028 period.
Material handling equipment is a piece of mechanical equipment used to store, move, protect and monitor the materials and products throughout the manufacturing, distributing, and transporting cycle processes.
While the United States market has remained on a consistent path of growth, a key region that has experienced an elevated expansion in the material handling industry, is the market in Mexico.
DLA(Abbreviated name), the financial director of MGS. And a key member of the BSLBATT® Dealer Network has a significant amount of experience and understanding of working in Mexico. When it comes to the culture, trends, and expectations of the Mexican market, there are a few differentiating factors that make this market unique.
“The mantra of ‘Bueno, bonito y Barreto,’ which refers to ‘good price, looks good, and is inexpensive,’ has been the country’s standard for decades,” DLA(Abbreviated name) says.
With this standard in mind, companies who are trying to break into the Mexican market for materials handling and motive power must provide quality products at a reasonable price. And with the market continually evolving, material handling companies in Mexico must be able to evolve alongside, if not ahead of, the current trends and technologies.
“When provided with systems necessary to determine needs and ensure the correct application of the desired technologies, this market is very open to avenues of improvement,” says DLA(Abbreviated name).
As opposed to some other geographies that are more seasoned in the material handling industry, the Mexican market seems to be open to change, truly seeking out the best forklifts, lift trucks, data management systems, industrial batteries, industrial chargers, and other material handling products, services, and technologies.
“Mexico is a dynamic market. The market is full of engineers and customers who are looking for the technologies of tomorrow,” DLA(Abbreviated name) says.
We are an industrial country. Throughout the development of the Mexican industry, which opened its first manufacturing settlements in 1519 with the arrival of the Spaniards, we have seen countless advances in manufacturing, exploration of primary resources, and in consequence, the construction of logistics systems designed for the exchange of assets across the country.
The logistics sector was built to support our industries and meet their communication needs, first required for the domestic market and later for the international market, with the opening of several free trade agreements, mainly involving the US and the EU.
In this economic evolution, we had to first pursue massification and representation as a market. Five hundred years later, the results are not negligible. Just look at some interesting data: so far in the century, the manufacturing industry represents between 15 percent and 18 percent of Mexico’s GDP. There are roughly 600,000 facilities focused on manufacturing in the country, and 7 million Mexicans work in the industry, of which 37 percent are women.
In brief, there has certainly been developed, including the industry’s outreach and penetration. In fact, there are companies in the food and beverage sector with a penetration rate of 99.9 percent of the Mexican population.
Over the last five years, there have been many changes and developments in the material handling industry in Mexico. Through a concerted effort to convert to high-efficiency electric forklifts, the Mexican market has been swiftly increasing productivity and efficiency while reducing costs.
“The end-users who fully analyze their return on investment always find that the Electric Opportunity, Rapid Charge, and Supercharge technologies are game-changers to their bottom lines,” DLA(Abbreviated name) says.
And while a majority of the Mexican market is open to new technologies, there are still growing pains. It’s common for many businesses in the Mexican market to try and force the older technologies to integrate with the newer ones. Instead of seeing the leaps of technological advancements as replacements for legacy operations, an end-user may still fight for older technology to be used.
“There is some resistance to making changes to operational processes, and sometimes a difference in culture is the primary challenge and cause of frustration,” says DLA(Abbreviated name). “However, in Mexico, I find most end-users are open to new technologies that will improve operations.”
At BSLBATT®, we’ve positioned ourselves as a key manufacturer in the material handling and motive power industry, confidently leading Mexico into a technological advantage in manufacturing and distribution.
BSLBATT® quality battery and charger products, consistent dedication to improving the product quality, and development of market strategy, help to consistently provide solutions for the Mexican market that allow for the lowest total cost of ownership.
“The partnership between BSLBATT and MGS enables us to design a solution to maximize productivity and product life. Not only can we analyze needs at installation, but also throughout the life of the equipment through advanced monitoring and continuous feedback,” says DLA(Abbreviated name).
Ultimately, by operating with BSLBATT® batteries and within the BSLBATT® Dealer Network, customers in Mexico can begin implementing the new, game-changing technologies that will result in increased productivity and significant cost reductions.
“The Material Handling Industry in Mexico is changing now and BSLBATT® is there for my customers today with the right approach, the right technology, and the right solution,” says DLA(Abbreviated name).
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