Mexico Automotive Wheel Rims Market Report and Forecast 2025-2034

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