Auto Parts Manufacturing in Mexico - Industry Market Research Report

Joy ride: The industry is expected to grow due to increased demand from US automakers

Auto Parts Manufacturing in Mexico
Over the five years to 2019, the Auto Parts Manufacturing industry in Mexico is expected to grow as a result of rising demand from US automakers and an increasingly favorable Mexican peso to US dollar exchange rate. In particular, consumer demand for light vehicles has grown in line with rising consumer confidence levels and steady economic growth. This trend has been most prevalent in the United States, which is the largest source of demand for automobiles and auto parts in North America. Although growth has largely characterized the industry's current performance, the industry's physical operations are expected to decline over the five years to 2019. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate as a result of lackluster economic sentiment.This industry comprises establishments primarily engaged in manufacturing fuel filters, mirrors, radiators, air-conditioners, mufflers, catalytic converters, car lifts and other vehicle parts for automobile, trucks and pickup trucks not classified elsewhere. This industry excludes plastic auto parts manufacturing. 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.