Mexico Tire Market Size, Share Analysis [2030] – Growth, Demand & Industry Trend

MarkNtel Advisors, a leading market research company, has recently releases report titled “Mexico Tire Market Report by Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (MHCV), Two-Wheeler, Three-Wheeler, Off the Road (OTR)), By Demand Type (OEMs, Replacement), By Price Category (Budget, Economy, Premium), and Region 2024-2030”. The study provides a detailed analysis of the industry, including the Mexico Tire market size, share, top player, latest trends, and growth forecasts. The report also includes geographical analysis and highlights the latest advancements in the market.

How Big is the Mexico Tire Industry?

The Mexico Tire Market size is expected to rise at a CAGR of around 8.31% during the forecast period 2024-2030.

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Mexico Tire Market Growth Opportunity:

Plan to Enhance Industrialization in Southern Mexico to Provide New Opportunities for OTR Tire Companies – The Southern Part of the nation has historically been less developed than the northern regions. As a result, the official authorities are now focusing on developing industries in this region. As a part of their industrialization program, in 2023, the Mexican government unveiled the Inter-Oceanic Corridor initiative that includes the development of around 10 new industrial parks. These industrial parks would connect the Pacific port of Salina Cruz in Oaxaca state to the Gulf coast hub of Coatzacoalcos in Veracruz state. Additionally, the administrative authorities are also offering incentives like tax waivers on rent and value-added taxes (VAT) to attract businesses to the corridor.

This industrialization would increase economic growth and provide more employment opportunities, attracting new inhabitants to the region, therefore increasing the demand for personal vehicles for commuting. Along with this, the manufacturing facilities operating in this region would also require commercial vehicles for the transportation of goods and materials. Thus, this significant increase in the usage of vehicles would drive demand for replacement tires across the regional landscape.

Competitor Breakdown: Top Mexico Tire Companies 2024-2030

Bridgestone Corporation
Goodyear Tire and Rubber Company
Michelin
Continental AG
Hankook Tire and Technology
Yokohama Rubber Co. Ltd.
Cooper Tire Rubber Company
Pirelli Tyre S.p.A
Sumitomo Rubber Industries
Toyo Tire Corporation
Ma8.31is International

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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Regional Analysis:

North, Central, West, East, South.

Share of each region segment in the Market
Potential growth opportunities in the region
The growth rate of the region in the Industry

Breaking Down the Mexico Tire Market Segmentation:

By Vehicle Type

Passenger Car
Light Commercial Vehicle (LCV)
Medium and Heavy Commercial Vehicle (MHCV)
Two-Wheeler
Three-Wheeler
Off the Road (OTR)

By Demand Type

OEMs- Market Size & Forecast 2019-2030F, Thousand Units
Replacement- Market Size & Forecast 2019-2030F, Thousand Units

By Price Category

Budget- Market Size & Forecast 2019-2030F, Thousand Units
Economy- Market Size & Forecast 2019-2030F, Thousand Units
Premium- Market Size & Forecast 2019-2030F, Thousand Units

By Tire Type

Radial- Market Size & Forecast 2019-2030F, Thousand Units
Bias- Market Size & Forecast 2019-2030, Thousand Units

By Sales Channel

Direct Sales- Market Size & Forecast 2019-2030F, Thousand Units
Multi Brand Stores - Market Size & Forecast 2019-2030F, Thousand Units
Exclusive Outlets - Market Size & Forecast 2019-2030F, Thousand Units
Online- Market Size & Forecast 2019-2030F, Thousand Units

By Tire Size

Tire Size 1 - Market Size & Forecast 2019-2030F, Thousand Units
Tire Size 2 - Market Size & Forecast 2019-2030F, Thousand Units
Tire Size 3 - Market Size & Forecast 2019-2030F, Thousand Units
Tire Size 4 - Market Size & Forecast 2019-2030F, Thousand Units
Tire Size 5 - Market Size & Forecast 2019-2030F, Thousand Units

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