Market Insights and Analysis: Mexico Tire Market Overview and Projections (2024-2030)
The Mexico Tire Market is estimated to grow at a CAGR of around 8.31% during the forecast period, i.e., 2024-30.
Top leading companies in the Mexico Tire Market includes:
Bridgestone Corporation, Goodyear tyre and Rubber Company, Michelin, Continental Ag, Hankook Tire and Technology, Yokohama Rubber Co. Ltd, Cooper Tire Rubber Company, Pirelli Tyre S.p.A, Sumitomo Rubber Industries, Toyo tyre Corporation, Maxxis International
Industry Recent Development:
- 2024: Yokohama Tire Corporation has showed its intend to build a new consumer/light truck tire plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico after approval by the YRC board.
- 2024: ZC Rubber has declared the opening of a 60,000 square foot prospective production plant in Saltillo, Mexico.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Vehicle Type
-Passenger Car
-Light Commercial Vehicle (LCV)
-Medium and Heavy Commercial Vehicle (MHCV)
-Two-Wheeler
-Three-Wheeler
-Off the Road (OTR)
- Mexico underwent substantial economic growth due to rapid industrialization.
By Demand Type
-OEMs
-Replacement
By Price Category
-Budget
-Economy
-Premium
By Tire Type
-Radial
-Bias
By Sales Channel
-Direct Sales
-Multi Brand Stores
-Exclusive Outlets
-Online
By Tire Size
-Tire Size 1
-Tire Size 2
-Tire Size 3
-Tire Size 4
-Tire Size 5
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Mexico Tire Market Geographic Reach:
The Geographic Reach of the Mexico Tire Market evaluates the spread and significance of Mexico Tire market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North
- South
- East
- West
- Central
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