The Mexico automotive market attained a volume of 66.78 Thousand Units in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 4.50% to reach a volume of 103.71 Thousand Units by 2035. The market is being driven by the growing manufacturing and export of vehicles in the country.
Base Year
Historical Period
Forecast Period
Automobile production in Mexico recorded a y-o-y growth of 13.54% in the first three quarters of 2023.
The output produced by the Mexican automotive industry contributes nearly 4% to the country’s GDP.
Automobile exports rose by 14.22% y-o-y in the first three quarters of 2023 in Mexico.
Compound Annual Growth Rate
4.5%
Value in Thousand Units
2026-2035
*this image is indicative*
Mexico is the 7th largest manufacturer of passenger vehicles worldwide. It is also the 6th largest producer of heavy-duty vehicles worldwide and ranks among the top 5 automobile producers in the world. This is because of the presence of cheap, yet technically skilled labour, high-quality infrastructure, and favourable government policies. Increasing investments by the Mexican government for creating a thriving business environment is expected to accelerate the Mexico automotive market growth in the forecast period.
The United States is a key export destination for vehicles manufactured in Mexico. Many American automobile manufacturers nearshore their operations to Mexico to overcome logistical challenges which increase the price of goods in other markets. This trend is also witnessed in the case of other Asian automotive manufacturers, which are gradually shifting their manufacturing operations to Mexico, thereby driving the market growth.
Chinese businesses aiming to expand their market presence in North America can also stand to gain significant benefits by moving their production operations to Mexico. This could result in a cost saving of 5-20% due to the thriving economic condition of the country and favourable government policies. This is expected to drive the Mexico automotive market development in the forecast period.
The shift towards electric vehicles is one of the key Mexico automotive market trends, which is likely to favour the market expansion. Technological advancements aimed at enhancing sustainable development are revolutionising the Mexican automotive industry. As rising consumer awareness about carbon emissions drives the electrification of transport, the demand for electric vehicles is expected to result in a big boost, thereby driving the market growth.
"Mexico Automotive Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Market Breakup by Engine Type
Market Breakup by Region
Key Mexico automotive market players are engaged in upscaling their production capacities to meet the increasing demand for smart vehicles from domestic consumers.
The key market players are:
More Insights On
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is projected to grow at a CAGR of 4.50% between 2026 and 2035.
The different segments considered in the market report are hybrid and electric vehicle and internal combustion engine vehicle.
The different types of vehicles in the market include hatchback, multi-purpose vehicle, sedan, and sports utility vehicle.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are BMW AG, Ford Motor Company, Mercedes-Benz Group AG, Honda Motor Co. Ltd., Volvo AB, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Nissan Motor Co. Ltd., and Hyundai Motor Company, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Engine Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share