Mexico Automotive Wheel Rims Market Report and Forecast 2025-2034
Description
The Mexico automotive wheel rims market size is projected to grow at a CAGR of 6.20% between 2025 and 2034. The market is being driven by the rising tyre and vehicle manufacturing in Mexico.
As automotive companies strive to boost the manufacturing of tyres to cater to the rising volume of vehicle manufacturing, the Mexico automotive wheel rims market size is expected to expand. For instance, in March 2024, Yokohama Rubber Co., Ltd., announced its plans to establish a tyre manufacturing plant in the state of Coahuila to cater to the increasing demand for passenger vehicles in the market. Such expansion activities are expected to leverage the Mexico automotive wheel rims market growth in the forecast period.
Aftermarket sales channels are expected to lead the demand for wheel rims in the Mexico market. This is because they are comparatively cheaper than wheel rims sourced from original equipment manufacturers and maintain high-quality standards, which makes them durable. Moreover, aftermarket sales channels provide a greater variety of options to automotive manufacturers, which is driving their popularity across the region.
The increasing demand for aluminium and magnesium alloys for manufacturing wheel rims is one of the key Mexico automotive wheel rims market trends. This is because they are comparatively lightweight and can be cast into different designs, which makes them ideal for various aesthetic purposes. Moreover, they are extremely durable, which makes them suitable for usage in small passenger cars. The rising consumer demand for highly functional and comfortable vehicles is expected to facilitate the Mexico automotive wheel rims market growth in upcoming years.
Market Segmentation
Mexico Automotive Wheel Rims Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material Type:
Steel
Alloy
Carbon Fibre
Others
Market Breakup by Vehicle Type:
Passenger Car
Commercial Vehicle
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
The key Mexico automotive wheel rims market players are:
Iochpe-Maxion S.A.
Accuride Corporation
Superior Industries International, Inc.
Howmet Aerospace Inc.(Alcoa Wheels)
Wheel Pros, LLC (TSW Wheels)
Ronal AG
HRE Performance Wheels
Vossen Wheels
Others
As automotive companies strive to boost the manufacturing of tyres to cater to the rising volume of vehicle manufacturing, the Mexico automotive wheel rims market size is expected to expand. For instance, in March 2024, Yokohama Rubber Co., Ltd., announced its plans to establish a tyre manufacturing plant in the state of Coahuila to cater to the increasing demand for passenger vehicles in the market. Such expansion activities are expected to leverage the Mexico automotive wheel rims market growth in the forecast period.
Aftermarket sales channels are expected to lead the demand for wheel rims in the Mexico market. This is because they are comparatively cheaper than wheel rims sourced from original equipment manufacturers and maintain high-quality standards, which makes them durable. Moreover, aftermarket sales channels provide a greater variety of options to automotive manufacturers, which is driving their popularity across the region.
The increasing demand for aluminium and magnesium alloys for manufacturing wheel rims is one of the key Mexico automotive wheel rims market trends. This is because they are comparatively lightweight and can be cast into different designs, which makes them ideal for various aesthetic purposes. Moreover, they are extremely durable, which makes them suitable for usage in small passenger cars. The rising consumer demand for highly functional and comfortable vehicles is expected to facilitate the Mexico automotive wheel rims market growth in upcoming years.
Market Segmentation
Mexico Automotive Wheel Rims Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material Type:
Steel
Alloy
Carbon Fibre
Others
Market Breakup by Vehicle Type:
Passenger Car
Commercial Vehicle
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
The key Mexico automotive wheel rims market players are:
Iochpe-Maxion S.A.
Accuride Corporation
Superior Industries International, Inc.
Howmet Aerospace Inc.(Alcoa Wheels)
Wheel Pros, LLC (TSW Wheels)
Ronal AG
HRE Performance Wheels
Vossen Wheels
Others
Table of Contents
140 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 Automotive Wheel Rims Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Automotive Wheel Rims Historical Market (2018-2024)
- 5.3 Latin America Automotive Wheel Rims Market Forecast (2025-2034)
- 6 Mexico Automotive Wheel Rims Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Automotive Wheel Rims Historical Market (2018-2024)
- 6.3 Mexico Automotive Wheel Rims Market Forecast (2025-2034)
- 7 Mexico Automotive Wheel Rims Market by Material Type
- 7.1 Steel
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Alloy
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Carbon FIbre
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Others
- 8 Mexico Automotive Wheel Rims Market by Vehicle Type
- 8.1 Passenger Car
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Commercial Vehicle
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Mexico Automotive Wheel Rims 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 Automotive Wheel Rims 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 Iochpe-Maxion S.A.
- 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 Accuride Corporation
- 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 Superior Industries International, Inc.
- 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 Howmet Aerospace Inc.(Alcoa Wheels)
- 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 Wheel Pros, LLC (TSW Wheels)
- 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 Ronal AG
- 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 HRE Performance Wheels
- 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 Vossen Wheels
- 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 Others
Pricing
Currency Rates
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