Mexico Tire Market Forecast & Opportunities, 2021

Vehicle production in Mexico grew at a CAGR of around 6.7% during 2011-2015 and reached 3.48 million units in 2015. Growth in demand for tires is being witnessed on account of rising income levels, growing passenger as well as commercial vehicle sales, and expanding passenger car fleet size. Mexico houses six major tire companies, viz. Bridgestone Americas Inc., Continental AG, Cooper Tire & Rubber Co., JK Tire & Industries Ltd. and Pirelli, with nine tire manufacturing facilities being operated in the country. Moreover, with presence of almost all major passenger car and commercial vehicle OEMs such as Toyota, Ford, Chrysler, Fiat, General Motors, Nissan, Volkswagen, Mercedes Benz, Kenworth, Freightliner, International, MAN, Volkswagen, Scania, Dina, Isuzu, Volvo, etc., the country’s tire market is expected to continue growing in the coming years.

According to TechSci Research report “Mexico Tire Market Forecast & Opportunities, 2021”, Mexico tire market is projected to grow at a CAGR of 10.6%, during 2016-2021. Expansion in production capacities of the OEMs coupled with rapid infrastructure development and increasing urbanization are the key factors attributable to the anticipated growth in Mexico tire market over next five years. In 2015, the country’s tire market was dominated by passenger car tire segment, followed by light commercial vehicle tire segment and heavy commercial vehicle tire segment. On account of increase in production and sales of passenger cars, the passenger car tire segment is expected to continue its dominance in the country’s tire market during the forecast period. Bridgestone, Michelin, Tornel and Continental are the leading tire players operating in the country, and their cumulative market share in the country’s tire market stood at more than 50%, in volume terms, in 2015. “Mexico Tire Market Forecast and Opportunities, 2021” discusses the following aspects related to tire market in Mexico:

• Mexico Tire Market Size, Share & Forecast
• Segmental Analysis – Passenger Car Tires, Medium & Heavy Commercial Vehicle Tires, Light Commercial Vehicle Tires, Two-Wheeler Tires & OTR Tires
• Import & Export Analysis
• Policy and Regulatory Landscape
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of tire market in Mexico.
• To identify the on-going trends and segment wise anticipated growth over next five years
• To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with tire manufacturers, distributors, retailers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

1.     Research Methodology

2.     Product Overview

3.     Analyst View

4.     Mexico Tire Production Overview

5.     Mexico Tire Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume

5.2.   Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car (PC), LCV, M&HCV, OTR & Two Wheeler)

5.2.2. By Company

5.2.3. By Region

5.2.4. By Demand Category (OEM vs Replacement)

6.     Mexico Passenger Car (PC) Tire Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Type (Sedans, Hatchbacks & SUV’s)

6.2.2. By Demand Category (OEM vs Replacement)

7.     Mexico Light Commercial Vehicles (LCV) Tire Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Vehicle Type (Pickup Trucks, Light/Small Trucks & Vans)

7.2.2. By Demand Category (OEM vs Replacement)

8.     Mexico Medium & Heavy Commercial (M&HCV) Tire Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume

8.2.   Market Share & Forecast

8.2.1. By Vehicle Type (HCV, Buses &MCV)

8.2.2. By Demand Category (OEM vs Replacement)

9.     Mexico Off-the Road (OTR) Tire Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume

10.  Mexico Two-Wheeler (2W) Tire Market Outlook

10.1. Market Size & Forecast

10.1.1.   By Value & Volume

11.  Import-Export Analysis

11.1. Imports

11.2. Exports

12.  Market Dynamics

12.1. Drivers

12.2. Challenges

13.  Market Trends & Developments

13.1. Growing Market for Green Tires

13.2. Dominance of Foreign Tire Manufacturers

13.3. Increasing Use of Retread Tires

13.4. Expanding Automobile Production

13.5. Increasing Radialisation in Commercial Vehicle Tires

14.  Policy & Regulatory Landscape

15.  Mexico Economic Profile

16.  Competitive Landscape

16.1. Bridgestone de Mexico, SA de CV

16.2. Michelin México Services, S.A. De C.V.

16.3. JK Tornel S.A. de C.V

16.4. Continental Tire de México S.A. de C.V

16.5. Cooper Tire & Rubber Co. de Mexico SA de CV

16.6. Goodyear Servicios Comerciales S. de R.L. de C.V.

16.7. Pirelli Neumáticos de México, S.A. de C.V

16.8. Yokohama Tire Mexico S. de R.L. de C.V

16.9. Sumitomo Tires

16.10.  Hankook Tire De Mexico S.A. De C.V

17.  Strategic Recommendations

List of Figures

Figure 1: Mexico Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 2: Mexico Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 3: Mexico Tire Market Share, By Company, By Volume, 2015-2021F

Figure 4: Mexico Tire Market Share, By Region, By Volume, 2015 & 2021F

Figure 5: Mexico Tire Market Share, By Region, By Volume, 2015-2021F

Figure 6: Mexico Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

Figure 7: Mexico Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 8: Mexico Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 9: Mexico Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

Figure 10: Mexico Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 11: Mexico Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 12: Mexico Light Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2010-2020F

Figure 13: Mexico Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 14: Mexico Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 15: Mexico Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

Figure 16: Mexico OTR Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 17: Mexico Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 18: Mexico Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)

Figure 19: Mexico Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)

Figure 20: Mexico Off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)

Figure 21: Mexico Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)

Figure 22: Mexico Tire Imports Share, By Vehicle Type, By Value, 2014

Figure 23: Mexico Commercial Vehicle Tire Exports, By Value, 2010-2014 (USD Million)

Figure 24: Mexico Passenger Car Tire Exports, By Value, 2010-2014 (USD Million)

Figure 25: Mexico Off-The-Road Tire Exports, By Value, 2010-2014 (USD Million)

Figure 26: Mexico Two-Wheeler Tire Exports, By Value, 2010-2014 (USD Million)

Figure 27: Mexico Tire Exports Share, By Vehicle Type, By Value, 2014

Figure 28: Mexico Population, 2010-2014 (Million)

Figure 29: Mexico Percentage of Urban Population, 2010-2014

Figure 30: Mexico Automobile Production, By Volume, 2011-2016E (Million Units)

 

List of Tables

Table 1: Mexico Tire Production Capacity, By Company & Plant Location, 2014 (Million Units/Year)

Table 2: Mexico Vehicle Production, 2011–2015 (Units)

Table 3: Mexico Vehicle Sales, 2011–2015 (Units)

Table 4: Mexico Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2021F (Million Units)

Table 5: Mexico Passenger Car Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2021F (Million Units)

Table 6: Mexico Light Commercial Vehicle Production, 2011–2016E (Units)

Table 7: Mexico Light Commercial Vehicle Tire Market Size, By Demand Category (OEM vs. Replacement), By Volume, 2011–2021F (Million Units)

Table 8: List of Major Infrastructure Projects in Mexico, By Sector & Investment

Table 9: Mexico Medium and Heavy Commercial Vehicle Production, 2011–2016E (Units)

Table 10: Mexico Medium and Heavy Commercial Vehicle Tire Market Size, By Demand Category (OEM vs. Replacement), By Volume, 2011–2021F (Million Units)

Table 11: Mexico Two-Wheeler Fleet Size, 2011-2014 (Units)

Table 12: Global Gasoline Prices, 201-2016E (USD per Barrel)

Table 13 Mexico List of Tire Retreaders

Table 14: Mexico Tire Radialisation Percentage, By Vehicle Type, 2011 & 2015

Table 15: Mexico List of Free Trade Agreements