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Passenger Car Tire Market in Mexico 2015-2019

Passenger Car Tire Market in Mexico 2015-2019

About Passenger Car Tire Market in Mexico

Mexico was the fourth largest passenger car market in the Americas in 2014. In 2011, Mexico had 195 passenger cars per 1,000 people, indicating enormous potential for passenger car sales. The country's GNI per capita (PPP) increased by 37.11%, from $11,750 in 2005 to $16,110 in 2013. Furthermore, in 2014, the country had about 26.34 million passenger cars in use the same year. The commercial viability of the industry also translated into the well-being of associated markets such as the tire market.

The market comprises prominent tire manufacturers, such as Michelin, Bridgestone, Toyo Tire, Yokohama, Goodyear, and Continental Tires; and also established automobile manufacturers, such as Ford, General Motors, Honda, Mercedes-Benz, and Toyota. The tire market in Mexico has witnessed growth over the past decade.

Technavio's analysts forecast the passenger car tire market in Mexico to grow at a CAGR of 5.92% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in Mexico for the period 2015–2019. The report provides forecasts and analyses of the market in terms of volume. The market includes the following segments:

  • OEM segment
  • Replacement segment
We also present the vendor landscape and a corresponding detailed analysis of the prominent vendors in the passenger car tire market in Mexico. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Mexico. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, Passenger Car Tire Market in Mexico 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the passenger car tire market in Mexico and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Prominent Vendors
  • Alliance Tire Group
  • Bridgestone Americas Tire Operations
  • Continental Tire the Americas
  • Cooper Tire & Rubber
  • Federal
  • Giti Tire
  • Goodyear Tire and Rubber
  • Hankook Tyre
  • Kumho Tyres USA
  • Maxxis International
  • Michelin North America
  • Nexen Tire
  • Nokian Tyre
  • Pirelli
  • Sumitomo Rubber Industries
  • Toyo Tyre & Rubber
  • Yokohama Rubber
  • Market Driver
    • Increasing Investments in Automotive Industry
    • For a full, detailed list, view our report
    Market Challenge
    • Dependence on Natural Rubber Imports
    • For a full, detailed list, view our report
    Market Trend
    • Development of Alternative Sources of Natural Rubber
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Passenger Car Tire Market in Mexico 2015-2019

    Technavio recognizes the following companies as the key players in the Passenger Car Tire Market in Mexico: Alliance Tire Group, Bridgestone Americas Tire Operations, Continental Tire the Americas, Cooper Tire & Rubber, Federal, Giti Tire, Goodyear Tire and Rubber, Hankook Tyre, Kumho Tyres USA, Maxxis International, Michelin North America, Nexen Tire, Nokian Tyre, Pirelli, Sumitomo Rubber Industries, Toyo Tyre & Rubber and Yokohama Rubber

    Commenting on the report, an analyst from Technavio’s team said: “Natural rubber is one of the most important raw materials for the tire industry, and around 14% of the total weight of a tire consists of natural rubber. In recent years, there have been instances when the price of natural rubber has increased considerably. The major natural rubber producing countries are in South and Southeast Asia. Rubber plantations in these regions are prone to seasonal damage and extreme weather conditions. In such situations, the supply becomes unpredictable, leading to price volatility. This has led to the development of alternative sources of natural rubber. Another source of natural rubber is guayule; it grows in arid climates of the US. Southwest Arizona suits the crop particularly well.”

    According to the report, the global financial recession of 2007-2008 had a negative impact on the economy of Mexico, a major exporter of automobiles. It halted the growth of Mexico's economy, and GDP growth reached its lowest level. The country has since emerged out of recession with a real GDP growth rate in 2010. This has had a positive impact on the automotive industry in the country, which witnessed growth in 2010, 2011, 2012, and 2014. The GDP growth for Mexico is projected to continue at a steady pace over the next two years; this will have an impact on the automotive industry. Additionally, with 15.4% of the population aged under 15 years, and a mere 17.8% aged 65 years and above, it has a large existing and upcoming workforce and also has a large pool of young, new consumers.

    Further, the report states that increase in retreading of tires is affecting the replacement tire market in this market.

    Companies Mentioned

    Alliance Tire Group, Bridgestone Americas Tire Operations, Continental Tire the Americas, Cooper Tire & Rubber, Federal, Giti Tire, Goodyear Tire and Rubber, Hankook Tyre, Kumho Tyres USA, Maxxis International, Michelin North America, Nexen Tire, Nokian Tyre, Pirelli, Sumitomo Rubber Industries, Toyo Tyre & Rubber, Yokohama Rubber

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
      • Overview of Tire Market
        • Table Tire Manufacturing Process
      • Key Tire Manufacturers Segmentation by Geography
        • Table Key Tire Manufacturers Segmentation by Geography
      • Raw Materials Price Breakdown
        • Table Raw Materials Price Breakdown
      • Tire Industry Supply Chain
        • Suppliers
        • Tire Manufacturers
        • OEMs
        • Replacement Tire Market
      • Tires: Distribution Channels
      • Life Cycle of Tires
      • Factors Affecting Tire Prices
    • Market Landscape
      • Passenger Car Market in Mexico
        • Market size
          • Table Passenger Car Production in Mexico 2009-2014 (thousands of units)
          • Table Passenger Car Sales in Mexico 2009-2014 (thousands of units)
      • Passenger Car Tire Market in Mexico 2014-2019
        • Table Statistics of Mexico
        • Market Size and Forecast
          • Table Passenger Car Tire Market in Mexico 2014-2019 (millions of units)
    • Market Segmentation by Customer
      • Table Passenger Car Tire Market in Mexico by Customer 2014-2019 (by volume)
      • OEMs Passenger Car Tire Market in Mexico
        • Market Size and Forecast
          • Table OEMs Passenger Car Tire Market in Mexico (millions of units)
      • Replacement Passenger Car Tire Market in Mexico 2014-2019
        • Market Size and Forecast
          • Table Replacement Passenger Car Tire Market in Mexico (millions of units)
      • Five Forces Analysis
    • Buying Criteria
    • Market Growth Drivers
      • Table Key Drivers of the Passenger Car Tire Market in Mexico
      • Table On-road Passenger Cars in Mexico 2014-2019 (thousands of units)
    • Drivers and their Impact
    • Market Challenges
      • Table Key Challenges of the Passenger Car Tire Market in Mexico
    • Impact of Drivers and Challenges
    • Market Trends
      • Table Key Trends of the Passenger Car Tire Market in Mexico
    • Trends and their Impact
    • Vendor Landscape
      • Competitive Scenario
        • Table Key Vendors in Passenger Car Tire Market in Mexico (2014)
      • Key news
    • Key Vendor Analysis
      • Alliance Tire Group
        • Key Facts
        • Business Overview
        • Key Products in Agriculture Tires
          • Table Alliance Tire Group: Key Products in Agriculture Tires
        • Product Segmentation
          • Table Alliance Tire Group: Product Segmentation
        • Geographical Segmentation
          • Table Alliance Tire Group: Geographical Segmentation
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Bridgestone Americas Tire Operations
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Bridgestone Americas Tire Operations: Product Segmentation
        • Key Brands
          • Table Bridgestone Americas Tire Operations: Key Brands
        • SWOT Analysis
      • Continental Tires the Americas
        • Key Facts
        • Business Overview
        • Product Categories
          • Table Continental Tires the Americas: Product Categories
        • Channels of Distribution
          • Table Continental Tires the Americas: Channels of Distribution
        • Recent Developments
        • SWOT Analysis
      • Cooper Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Federal
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Federal: Product Segmentation
        • Distributors by Geography
          • Table Federal: Distributors by Geography
        • Business Strategy
        • SWOT Analysis
      • GITI Tire US
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Goodyear
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Goodyear: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Goodyear: Business Segmentation by Revenue 2012-2013 ($ billion)
        • Geographical Segmentation by Revenue 2013
          • Table Goodyear: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Key Developments
        • SWOT Analysis
      • Hankook Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Hankook Tire: Product Segmentation
        • Geographical Segmentation by Revenue 2013
          • Table Hankook Tire: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Kumho Tire USA
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Maxxis International
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Maxxis International: Product Segmentation
        • Geographical Segmentation
          • Table Maxxis International: Geographical Segmentation
        • Recent Developments
        • SWOT Analysis
      • Michelin North America
        • Key Facts
        • Business Overview
          • Table Michelin North America: Product Categories
        • Geographical Presence
          • Table Michelin North America: Geographical Presence
        • Recent Developments
        • SWOT Analysis
      • Nexen Tire
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Nexen Tire: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Nexen Tire: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Nokian Tyres
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Nokian Tyres: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Nokian Tyres: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Nokian Tyres: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Pirelli
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Pirelli: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Pirelli: Geographical Segmentation by Revenue 2013
        • Sales Segmentation by End-markets 2013
          • Table Pirelli: Sales Segmentation by End-markets 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Sumitomo Rubber Industries
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Business Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Toyo Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Yokohama Rubber
        • Key Facts
        • Business Overview
        • Business segmentation by revenue 2014
          • Table Yokohama Rubber: business segmentation by revenue 2014
        • Business segmentation by revenue 2013 and 2014
          • Table Yokohama Rubber: business segmentation by revenue 2013 and 2014 ($ billion)
        • Geographical segmentation by revenue 2014
          • Table Yokohama Rubber: geographical segmentation by revenue 2014
        • Business strategy
        • Recent developments
        • SWOT Analysis
    • Other Reports in this Series

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