Mexico Auto Parts Manufacturing Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)
Description
The Mexico auto parts manufacturing market size is projected to grow at a CAGR of 3.60% between 2025 and 2034. The market is being driven by the increasing foreign direct investments in the Mexico automotive sector.
The resilient supply chain network for automotive parts in Mexico has prompted various international companies to relocate their operations to the country. Mexico is a key destination for Japanese foreign direct investment (FDI) and received a cumulative amount of $29.8 billion between 1999 to 2021, with the key investments being concentrated in the state of Guanajuato. This is prompting the Mexico auto parts manufacturing market expansion.
The United States-Mexico-Canada (free trade) agreement has set the minimum regional content requirement for automotive manufacturing at 75%, which is also expected to accelerate the Mexico auto parts manufacturing market growth.
The global shift towards electric vehicles is expected to result in significant development of the auto parts manufacturing market in Mexico. In February 2023, global automotive giant BMW announced an investment of $866 million in San Luis Potosi to manufacture high-voltage electric vehicle batteries and produce Neue Klasse car models. Increasing investments in new vehicle technologies is one of the key Mexico auto parts manufacturing market trends.
By 2030, Mexico is expected to account for more than 60% of the demand for electric vehicles in Latin America, which is expected to further drive the Mexico auto parts manufacturing market growth. An increasing number of American and European companies are nearshoring their operations to Mexico to benefit not only from high consumer demand but also from reduced production and operational costs, further driving the market expansion.
Market Segmentation
Mexico Auto Parts Manufacturing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component Type
Battery
Cooling System
Underbody Components
Engine Components
Automotive Filter
Lighting Components
Electrical Components
Others
Market Breakup by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Market Breakup by Sales Channel
OEM
Aftermarket
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
Key Mexico auto parts manufacturing market players are engaged in upscaling their production capacities to meet the growing demand for electric vehicles in foreign markets and benefit from the low cost of operations in Mexico.
The key market players are:
Robert Bosch GmbH
Continental AG
Schaeffler AG
Marelli Holdings Co., Ltd.
ZF Friedrichshafen AG
Aisin Corporation
Hyundai Motor Group
Valeo SE
YAZAKI Corporation
Akebono Brake Industry Co., Ltd.
Others
The resilient supply chain network for automotive parts in Mexico has prompted various international companies to relocate their operations to the country. Mexico is a key destination for Japanese foreign direct investment (FDI) and received a cumulative amount of $29.8 billion between 1999 to 2021, with the key investments being concentrated in the state of Guanajuato. This is prompting the Mexico auto parts manufacturing market expansion.
The United States-Mexico-Canada (free trade) agreement has set the minimum regional content requirement for automotive manufacturing at 75%, which is also expected to accelerate the Mexico auto parts manufacturing market growth.
The global shift towards electric vehicles is expected to result in significant development of the auto parts manufacturing market in Mexico. In February 2023, global automotive giant BMW announced an investment of $866 million in San Luis Potosi to manufacture high-voltage electric vehicle batteries and produce Neue Klasse car models. Increasing investments in new vehicle technologies is one of the key Mexico auto parts manufacturing market trends.
By 2030, Mexico is expected to account for more than 60% of the demand for electric vehicles in Latin America, which is expected to further drive the Mexico auto parts manufacturing market growth. An increasing number of American and European companies are nearshoring their operations to Mexico to benefit not only from high consumer demand but also from reduced production and operational costs, further driving the market expansion.
Market Segmentation
Mexico Auto Parts Manufacturing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component Type
Battery
Cooling System
Underbody Components
Engine Components
Automotive Filter
Lighting Components
Electrical Components
Others
Market Breakup by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Market Breakup by Sales Channel
OEM
Aftermarket
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
Key Mexico auto parts manufacturing market players are engaged in upscaling their production capacities to meet the growing demand for electric vehicles in foreign markets and benefit from the low cost of operations in Mexico.
The key market players are:
Robert Bosch GmbH
Continental AG
Schaeffler AG
Marelli Holdings Co., Ltd.
ZF Friedrichshafen AG
Aisin Corporation
Hyundai Motor Group
Valeo SE
YAZAKI Corporation
Akebono Brake Industry Co., Ltd.
Others
Table of Contents
70 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Auto Parts Manufacturing Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Auto Parts Manufacturing Historical Market (2018-2024)
- 5.3 Latin America Auto Parts Manufacturing Market Forecast (2025-2034)
- 5.4 Latin America Auto Parts Manufacturing Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Auto Parts Manufacturing Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Auto Parts Manufacturing Historical Market (2018-2024)
- 6.3 Mexico Auto Parts Manufacturing Market Forecast (2025-2034)
- 7 Mexico Auto Parts Manufacturing Market by Component Type
- 7.1 Battery
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Cooling System
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Underbody Components
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Engine Components
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Automotive Filter
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Lighting Components
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034
- 7.7 Electrical Components
- 7.7.1 Historical Trend (2018-2024)
- 7.7.2 Forecast Trend (2025-2034)
- 7.8 Others
- 8 Mexico Auto Parts Manufacturing Market by Vehicle Type
- 8.1 Passenger Cars
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Light Commercial Vehicles
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Heavy Commercial Vehicles
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 Mexico Auto Parts Manufacturing Market by Sales Channel
- 9.1 OEM
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Aftermarket
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Mexico Auto Parts Manufacturing Market by Region
- 10.1 Baja California
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Northern Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 The Bajío
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Central Mexico
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Pacific Coast
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Yucatan Peninsula
- 10.6.1 Historical Trend (2018-2024)
- 10.6.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Robert Bosch GmbH
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Continental AG
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Schaeffler AG
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Marelli Holdings Co., Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 ZF Friedrichshafen AG
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Aisin Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Hyundai Motor Group
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Valeo SE
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 YAZAKI Corporation
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Akebono Brake Industry Co., Ltd.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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