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Global & Mexico Automotive Powertrain Market to 2031

Publisher Business Market Insights
Published Jul 01, 2025
Length 107 Pages
SKU # BMKS20221624

Description

Mexico’s automotive powertrain market is experiencing strong growth from 2023 to 2031, fueled by high vehicle production volumes and rising export demand. In 2024, the country played a key role in North America’s USD 16.17 billion drivetrain market. Mexico manufactured 3.8 million vehicles in 2023, with internal combustion engine (ICE) powertrains dominating at 88% market share. While electric vehicle (EV) adoption remains relatively low—only 5% of new vehicle sales in 2024—momentum is expected to build as Mexico adopts tighter emissions regulations by 2025 under the USMCA framework. Growth in the commercial vehicle sector, particularly in heavy-duty trucks, is being driven by fleet replacements and currency strength, with Class 5 trucks gaining popularity for last-mile urban deliveries. Passenger vehicles make up 70% of the market, propelled by continued demand for SUVs. However, the industry faces hurdles such as high EV battery costs and ongoing semiconductor supply issues. Leading manufacturers like Toyota, Daimler Truck, and PACCAR are taking advantage of Mexico’s well-established manufacturing base to support flexible production of both ICE and hybrid powertrains. With trade benefits under the USMCA and an increasing focus on cleaner technologies, Mexico is well-positioned for substantial growth in electric powertrain adoption through 2031.

Table of Contents

107 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. Mexico Automotive Powertrain Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Automotive Powertrain Market Key Market Dynamics
5.1 Automotive Powertrain Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. Mexico Automotive Powertrain Market – Analysis
6.1 Mexico Automotive Powertrain Market Revenue (US$ Million), 2021–2031
6.2 Mexico Automotive Powertrain Market Revenue and Forecast Analysis
7. Mexico Automotive Powertrain Market Analysis – by Vehicle Type
7.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Vehicle Type
8. Mexico Automotive Powertrain Market Analysis – by Drive Type
8.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Drive Type
9. Mexico Automotive Powertrain Market Analysis – by Propulsion Type
9.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
10. Mexico Automotive Powertrain Market Analysis – by Ice Propulsion Type
10.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Ice Propulsion Type
11. Mexico Automotive Powertrain Market Analysis – by Electric Propulsion Type
11.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Electric Propulsion Type
12. Mexico Automotive Powertrain Market Analysis – by Sales Channel
12.1 Mexico Automotive Powertrain Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Sales Channel
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.1 Company Positioning and Concentration
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.2 Partnerships and Collaborations
14.2 Other Developments
15. Company Profiles
15.1 Robert Bosch GmbH
15.1. 1 Key Facts
15.1. 2 Business Description
15.1. 3 Products and Services
15.1. 4 Financial Overview
15.1. 5 SWOT Analysis
15.1. 6 Key Developments
15.2 Aisin Corp
15.2. 1 Key Facts
15.2. 2 Business Description
15.2. 3 Products and Services
15.2. 4 Financial Overview
15.2. 5 SWOT Analysis
15.2. 6 Key Developments
15.3 BorgWarner Inc
15.3. 1 Key Facts
15.3. 2 Business Description
15.3. 3 Products and Services
15.3. 4 Financial Overview
15.3. 5 SWOT Analysis
15.3. 6 Key Developments
15.4 GKN Automotive Ltd
15.4. 1 Key Facts
15.4. 2 Business Description
15.4. 3 Products and Services
15.4. 4 Financial Overview
15.4. 5 SWOT Analysis
15.4. 6 Key Developments
15.5 JTEKT Corp
15.5. 1 Key Facts
15.5. 2 Business Description
15.5. 3 Products and Services
15.5. 4 Financial Overview
15.5. 5 SWOT Analysis
15.5. 6 Key Developments
15.6 Magna International Inc
15.6. 1 Key Facts
15.6. 2 Business Description
15.6. 3 Products and Services
15.6. 4 Financial Overview
15.6. 5 SWOT Analysis
15.6. 6 Key Developments
15.7 Schaeffler AG
15.7. 1 Key Facts
15.7. 2 Business Description
15.7. 3 Products and Services
15.7. 4 Financial Overview
15.7. 5 SWOT Analysis
15.7. 6 Key Developments
15.8 Marelli Holdings Co Ltd
15.8. 1 Key Facts
15.8. 2 Business Description
15.8. 3 Products and Services
15.8. 4 Financial Overview
15.8. 5 SWOT Analysis
15.8. 6 Key Developments
15.9 ZF Friedrichshafen AG
15.9. 1 Key Facts
15.9. 2 Business Description
15.9. 3 Products and Services
15.9. 4 Financial Overview
15.9. 5 SWOT Analysis
15.9. 6 Key Developments
15.10 Valeo SE
15.10. 1 Key Facts
15.10. 2 Business Description
15.10. 3 Products and Services
15.10. 4 Financial Overview
15.10. 5 SWOT Analysis
15.10. 6 Key Developments
16. Appendix
16.1 About Business Market Insights
16.2 List of Abbreviations
TABLE OF TABLES
Table 1. Mexico Automotive Powertrain Market Segmentation
Table 2. List of Vendors
Table 3. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million)
Table 4. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Vehicle Type
Table 6. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Vehicle Type
Table 7. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Drive Type
Table 8. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Drive Type
Table 9. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
Table 10. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
Table 11. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Ice Propulsion Type
Table 12. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Ice Propulsion Type
Table 13. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Electric Propulsion Type
Table 14. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Electric Propulsion Type
Table 15. Mexico Automotive Powertrain Market – Revenue, 2021–2024 (US$ Million) – by Sales Channel
Table 16. Mexico Automotive Powertrain Market – Revenue Forecast, 2025–2031 (US$ Million) – by Sales Channel
Table 17. List of Abbreviations
TABLE OF FIGURES
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. Mexico Automotive Powertrain Market Revenue, (US$ Million), 2021–2031
Figure 3. Heat Map Analysis by Key Players
Figure 4. Company Positioning and Concentration

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