The market is dominated by foreign suppliers, as imports account for 69.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 46.0% of total demand in 2022. Mexico has the largest market size for motor vehicles and parts regionally, with demand reaching USD123 billion in 2022. Nissan Mexicana SA de CV is the largest company in Mexico, generating 13.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 41.7% of total production value in 2022. The total number of companies decreases in 2022, to 89,061 units. The costs of the industry increase by 22.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 19.7% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 81.7% of total production output. With production value of USD177 billion, Mexico accounts for 60.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Mexico: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Mexico: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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