Mexico Auto Parts and Accessories Market Introduction and Overview
According to SPER Market Research, the Mexico Auto Parts and Accessories Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The report includes an in-depth analysis of the Mexico Auto Parts and Accessories Market, including market size and trends, product mix, distribution channels, and supplier analysis. Auto parts are essential to cars and include a variety of pieces like the chassis, interiors, engines, electronics, and more, all of which work together to provide the best possible driving experience. The interiors, drivetrain, electronics, bodywork, lights, and wheels are some of the categories into which these pieces are divided. Each of these parts is essential to the vehicle's appearance and functionality. On the other hand, auto accessories are add-ons made to improve a vehicle's comfort, appearance, or functionality.
Market Opportunities and Challenges
Opportunities: A number of factors are driving the extensive possibilities in the car parts and accessories market in Mexico. First of all, Mexico is a desirable hub for the production and export of car components due to its advantageous location and well-established trade agreements, such as the USMCA, which make it easier to reach North American markets. The nation also has competitive production costs and a trained labor force, which attracts both foreign and domestic investors. Opportunities for innovation and investment in specialized components are also created by the rising demand for eco-friendly technology and electric vehicles (EVs). Moreover, as a result of big international companies setting up shop in Mexico, there will be a greater demand for premium parts and accessories, which will strengthen the market for suppliers as Mexican automotive manufacturing rises.
Challenges: The growth of the Mexico auto parts and accessories market may be impeded by many constraints. The industry's dependence on foreign investment is a noteworthy concern as it leaves it susceptible to fluctuations in trade policies and global economic conditions. Furthermore, the COVID-19 outbreak has brought attention to the hazards associated with relying on foreign suppliers for components and raw materials due to supply chain disruptions. Another difficulty for manufacturers is staying in conformity with rules, which differ for domestic and international markets. Furthermore, businesses must invest in greener technology and processes due to the growing demand for sustainability, which can be expensive and difficult to execute.
Market Competitive Landscape
The Auto Parts and Accessories Market in Mexico is moderately consolidated. Some of the market key players are Audi, BMW, Ford Motor Company, General Motors, Mercedes Benz, Nissan, Stellantis, Toyota, Volkswagen, and Tesla, Honda, Hyundai, Jac by Giant Motors.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Vehicle Type, By Distribution Channel.
|
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region
|
| Companies Covered | Audi, BMW, Ford Motor Company, General Motors, Mercedes Benz, Nissan, Stellantis, Toyota, Volkswagen, and Tesla, Honda, Hyundai, Jac by Giant Motors.
|
COVID-19 Impact on Mexico Auto Parts and Accessories Market
The COVID-19 epidemic caused both short-term interruptions and longer-term changes in the car parts and accessories sector in Mexico. At first, firms had to close or operate at reduced capacity due to lockdown measures and health limitations, which resulted in massive output halts. This resulted in disruptions to the supply chain, which impacted the availability of essential parts and delayed the production of automobiles. Early in the epidemic, when car demand fell precipitously, many suppliers were forced to make difficult financial decisions that resulted in layoffs or even bankruptcy.
Key Target Audience:
- Automotive Manufacturers
- Vehicle Owners
- Repair Shops and Mechanics
- Wholesale Distributors
- Fleet Operators
- Online Retailers
- E-commerce Platforms
Our in-depth analysis of the Mexico Auto Parts and Accessories Market includes the following segments:
|
By Product Type:
|
Engine and Transmission Components
Electrical and Electronic Components:
Exhaust Systems
Suspension and Steering Components
Brake Systems
Interior and Exterior Accessories
Filters
Tires and Wheels
Body Parts and Accessories
|
|
By Vehicle Type:
|
Passenger Cars
Commercial Vehicles
Motorcycles and Two-Wheelers
|
|
By Distribution Channel:
|
OEM (Original Equipment Manufacturer)
Aftermarket
|
Key Topics Covered in the Report:
- Mexico Auto Parts and Accessories Market Size (FY’2024-FY’2033)
- Overview of Mexico Auto Parts and Accessories Market
- Segmentation of Mexico Auto Parts and Accessories Market By Product Type (Engine and Transmission Components, Electrical and Electronic Components, Exhaust Systems, Suspension and Steering Components, Brake Systems, Interior and Exterior Accessories, Filters, Tires and Wheels, Body Parts and Accessories)
- Segmentation of Mexico Auto Parts and Accessories Market By Vehicle Type (Passenger Cars, Commercial Vehicles, Motorcycles and Two-Wheelers)
- Segmentation of Mexico Auto Parts and Accessories Market By Distribution Channel {OEM (Original Equipment Manufacturer), Aftermarket}
- Expansion Analysis of Mexico Auto Parts and Accessories Market
- Problems and Obstacles in Mexico Auto Parts and Accessories Market
- Competitive Landscape in the Mexico Auto Parts and Accessories Market
- Impact of COVID-19 and Demonetization on Mexico Auto Parts and Accessories Market
- Details on Current Investment in Mexico Auto Parts and Accessories Market
- Competitive Analysis of Mexico Auto Parts and Accessories Market
- Prominent Players in the Mexico Auto Parts and Accessories Market
- SWOT Analysis of Mexico Auto Parts and Accessories Market
- Mexico Auto Parts and Accessories Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Mexico Auto Parts and Accessories Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Mexico Auto Parts and Accessories Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Mexico Auto Parts and Accessories Market
7. Mexico Auto Parts and Accessories Market, By Product Type (USD Million) 2020-2033
7.1. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Engine and Transmission Components
7.4. Electrical and Electronic Components:
7.5. Exhaust Systems
7.6. Suspension and Steering Components
7.7. Brake Systems
7.8. Interior and Exterior Accessories
7.9. Filters
7.10. Tires and Wheels
7.11. Body Parts and Accessories
8. Mexico Auto Parts and Accessories Market, By Vehicle Type (USD Million) 2020-2033
8.1. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Vehicle Type, 2020-2026
8.2. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Vehicle Type, 2027-2033
8.3. Passenger Cars
8.4. Commercial Vehicles
8.5. Motorcycles and Two-Wheelers
9. Mexico Auto Parts and Accessories Market, By Distribution Channel (USD Million) 2020-2033
9.1. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Mexico Auto Parts and Accessories Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. OEM (Original Equipment Manufacturer)
9.4. Aftermarket
10. Mexico Auto Parts and Accessories Market Forecast, 2020-2033 (USD Million)
10.1. Mexico Auto Parts and Accessories Market Size and Market Share
11. Mexico Auto Parts and Accessories Market, By Region, 2020-2033 (USD Million)
11.1. Mexico Auto Parts and Accessories Market Size and Market Share By Region (2020-2026)
11.2. Mexico Auto Parts and Accessories Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Northern Region
11.6. Southern Region
12. Company Profile
12.1. Audi
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. BMW
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Ford Motor Company
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. General Motors
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Honda
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Hyundai
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Jac by Giant Motors
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Kia
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Mazda
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Mercedes Benz
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Stellantis
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Tesla
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Toyota
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Volkswagen
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations