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Mexico Automotive Wheel Rims Market Size, Share, Growth: By Material Type: Steel, Alloy, Carbon FIbre, Others; By Vehicle Type: Passenger Car, Commercial Vehicle; By Sales Channel: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Mexico Automotive Wheel Rims Market Outlook
The Mexico automotive wheel rims market size is projected to grow at a CAGR of 6.2% between 2024 and 2032. The market is being driven by the rising tyre and vehicle manufacturing in Mexico.
Key Takeaways:
- Passenger cars are expected to constitute a major portion of the Mexico automotive wheel rims market share.
- Baja California is expected to attract an increasing number of market players for wheel rim manufacturing.
- Increasing investment in development of advanced materials for wheel rims is likely to accelerate the market growth.
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 2024-2032 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
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, and Vossen Wheels, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Automotive Wheel Rims Market Overview
8.1 Key Industry Highlights
8.2 Latin America Automotive Wheel Rims Historical Market (2018-2023)
8.3 Latin America Automotive Wheel Rims Market Forecast (2024-2032)
9 Mexico Automotive Wheel Rims Market Overview
9.1 Key Industry Highlights
9.2 Mexico Automotive Wheel Rims Historical Market (2018-2023)
9.3 Mexico Automotive Wheel Rims Market Forecast (2024-2032)
10 Mexico Automotive Wheel Rims Market by Material Type
10.1 Steel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Alloy
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Carbon FIbre
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Automotive Wheel Rims Market by Vehicle Type
11.1 Passenger Car
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Mexico Automotive Wheel Rims Market by Sales Channel
12.1 OEM
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aftermarket
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Automotive Wheel Rims Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Iochpe-Maxion S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Accuride Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Superior Industries International, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Howmet Aerospace Inc.(Alcoa Wheels)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wheel Pros, LLC (TSW Wheels)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ronal AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HRE Performance Wheels
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Vossen Wheels
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Automotive Wheel Rims Market: Key Industry Highlights, 2018 and 2032
2. Mexico Automotive Wheel Rims Market: Key Industry Highlights, 2018 and 2032
3. Mexico Automotive Wheel Rims Historical Market: Breakup by Material Type (USD Million), 2018-2023
4. Mexico Automotive Wheel Rims Market Forecast: Breakup by Material Type (USD Million), 2024-2032
5. Mexico Automotive Wheel Rims Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
6. Mexico Automotive Wheel Rims Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
7. Mexico Automotive Wheel Rims Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
8. Mexico Automotive Wheel Rims Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
9. Mexico Automotive Wheel Rims Historical Market: Breakup by Region (USD Million), 2018-2023
10. Mexico Automotive Wheel Rims Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Mexico Automotive Wheel Rims Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The different material types used in automotive wheel rims are steel, alloy, and carbon fibre, among others.
The different vehicle types in the market include passenger vehicles and commercial vehicles.
The different sales channels in the market include OEM and aftermarket.
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 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, and Vossen Wheels, among others.
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