Rubber Product Manufacturing in Mexico - Industry Market Research Report

Meeting the road: Strong vehicle sales and export demand have benefited the industry's tire producers

Rubber Product Manufacturing in Mexico
Over the five years to 2019, the Rubber Product Manufacturing industry in Mexico has grown in line with growth in industrial production and new light vehicle sales, both of which fuel downstream demand for this industry. Growth has been tempered somewhat by a decline in the world price of rubber, which has pushed down selling prices slightly. However, the industry is fairly consolidated, which keeps pricing pressure at a relatively low level. As revenue grows, the number of enterprises is expected to grow in turn as new entrants seek to capitalize on healthy demand. Over the five years to 2024, the industry is expected to continue growing, albeit at a slower pace. New light vehicle sales are expected to slow their growth from the previous period somewhat, which will temper downstream demand for this industry during the upcoming period. Profit is also expected to increase as rubber prices continue to decline amid consistent revenue growth.This industry comprises establishments primarily engaged in manufacturing rubber and plastic bands and hoses; manufacturing and revitalizing tires; and manufacturing other rubber products. It does not include establishments that produce rubber- or plastic-covered fabrics; rubber footwear; pipes, rigid plastic connections and tubes for packaging; inflatable plastic items for swimming pools; water mattresses; sporting goods; or plastic and rubber toys. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.