Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Trending Now
Add 2 More Reports For 20% off
What's Impacting the Industry?
Impact of the Build America, Buy America Act?
- Overview of the Act and its key provisions
- Implications for Manufacturing and Sourcing
- Opportunities and Challenges for Market Participants
Impact of the New Political Administration
- Overview of the Administration's Energy and Infrastructure Policies
- Potential Changes in Regulations and Incentives
- Implications for Market Growth and Investment
- Impact on International Trade and Collaboration
Latest Updates
- Impact on International Trade and Collaboration
- EU's Digital Markets Act (DMA) and Digital Services Act (DSA)
- US Inflation Reduction Act (IRA) Provisions
Report Overview
The Mexico tire market reached approximately USD 242.09 Million in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034, reaching a value of around USD 386.89 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
As per the industry reports, the automotive production is expected to witness a growth of 8 per cent in 2024, creating lucrative opportunities for tire growth in Mexico.
-
The sales of light vehicles in Mexico reached 113,000 units in the first two months of 2024, which aids the growth of the tire in this segment.
-
In 2024, Yokohama Rubber announced its plans to build a passenger car tires production plant with a production capacity of 5 million tires in Mexico.
Compound Annual Growth Rate
Value in USD Million
4.8%
2025-2034
Mexico Tire Market Outlook
*this image is indicative*
Compound Annual Growth Rate
Value in USD Million
4.8%
2025-2034
Mexico Tire Market Outlook
*this image is indicative*
Mexico Tire Market Growth
The growth of the automotive sector, advancements in tire technology, and growing demand for eco-friendly tires are some of the influential market drivers. Advances in tire technology, including fuel-efficient, low-rolling-resistance, and intelligent tires, appeal to customers seeking improved performance and reduced expenses.
The consistent wear and tear of tires result in a continuous demand for new tires, which contributes to the Mexico tire market expansion. The retreading sector is also growing, offering economical and eco-friendly alternatives for operators of commercial vehicles, further aiding the market expansion.
The increasing demand for high-quality tires, especially in the luxury vehicle category, is fuelled by consumers' desire for improved driving comfort and safety. The popularity of speciality tires such as all-terrain, off-road, and run-flat tires is also on the rise because of their unique uses in different types of vehicles.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Key Trends and Recent Developments
Growing vehicle manufacturing, adoption of electric vehicles, rising ecommerce sales, and the introduction of next-gen products are increasing the Mexico tire market value.
Growing Vehicle Manufacturing Industry Propelling Tire Demand in Mexico
Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually, 88% of which are exported to global markets, with the United States accounting for the largest share. Besides, the country is also the fifth largest manufacturer and fourth-largest exporter of heavy-duty vehicles for cargo. The expanding vehicle manufacturing and exports is a key driver for tire industry in Mexico.
Expansion of E-commerce Sales is Leading to Increase in Mexico Tire Market Revenue
According to the Mexican Online Sales Association, the domestic eCommerce market was valued at USD 26.2 billion in 2022, marking a 23 percent increase over 2021. The valuation is further expected to grow owing to high internet penetration in the country, leading to increased revenue growth for the tire market. Ecommerce purchases of tires are highly preferred by customers as they offer doorstep delivery and generous discounts, besides the option to choose from a wide range of products and brands to meet their specific needs.
Innovative Next-Gen Products are Boosting the Mexico Tire Market Development
Innovative next-gen products are significantly boosting the development of the Mexican tire market by introducing advanced features that cater to evolving consumer preferences and safety standards. For instance, Continental Tire, which holds a major market share in Mexico, introduced its new 19.5-inch rim size drive and steer tires in 2023 for commercial vehicles in the Generation 5 product line equipped with Gen2 sensors and matching retreads to extend their life.
Adoption of Electric Vehicles is Creating New Mexico Tire Market Opportunities
The adoption of electric vehicles (EVs) is creating significant new opportunities in the Mexican tire market, as manufacturers adapt to the unique requirements of these vehicles. EVs typically demand specialised tires designed to handle their lighter weight, higher torque, and distinct performance characteristics, prompting tire producers to innovate and develop dedicated EV tire lines. Contributing to the trend, Bridgestone announced its first dedicated EV replacement tire designed for all Tesla models and Ford Mustang Mach-E in 2023, to be manufactured in Monterrey, Mexico leading to new opportunities for tire distributors in the country.
Mexico Tire Industry Segmentation
“Mexico Tire Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Design:
- Radial
- Bias
Market Breakup by Type:
- Tube Tire
- Tubeless Tire
Market Breakup by Season:
- Winter Tire
- Summer Tire
- All Season Tire
Market Breakup by Vehicle Type:
- Two-Wheeler and Three-Wheeler
- Passenger Vehicle
- Heavy Commercial Vehicle
- Light and Medium Commercial Vehicle
- Others
Market Breakup by Sales Channel:
- OEM
- Aftermarket
Market Breakup by Region:
- Central Mexico
- Northern Mexico
- Pacific Coast
- The Bajío
- Yucatan Peninsula
- Baja California
Mexico Tire Market Share
Based on vehicle type, the market is divided into two-wheeler and three-wheeler, passenger vehicle, heavy commercial vehicle, and light and medium commercial vehicle, among others. The passenger vehicle sector holds the largest share in the market as passenger vehicle tires need to be replaced regularly because of wear and tear, creating a consistent demand in the replacement market. The aftermarket for passenger vehicle tires is also strong, as consumers seek high-quality replacement choices, such as branded and premium tires.
Leading Companies in the Mexico Tire Market
The market players are investing in research and development activities to develop advanced tire designs and gain a competitive edge in the market.
- Bridgestone Corporation
- Continental AG
- Cooper Tire & Rubber Company Europe Limited
- Industrias Michelin. SA de CV
- Pirelli & CSpA - Pirelli Tire SpA
- Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Others
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 242.09 Million.
The market is estimated to grow at a CAGR of 4.80% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 386.89 Million by 2034.
The market is being driven due to growth of the automotive sector, advancements in tire technology, and growing demand for eco-friendly tires.
The key trends aiding the market include increasing demand for high-quality tires, especially in the luxury vehicle, expansion of the online sales channel, and rising focus on aftermarket sales.
Regions considered in the market are Central Mexico, Northern Mexico, Pacific Coast, The Bajío, Yucatan Peninsula, and Baja California, among others.
Based on season, market segmentations include winter tire, summer tire, and all-season tire, among others.
Different sales channels are OEM and aftermarket.
The major players in the market are Bridgestone Corporation, Continental AG, Cooper Tire & Rubber Company Europe Limited, Industrias Michelin. SA de CV, Pirelli & CSpA - Pirelli Tire SpA, Goodyear Tire & Rubber Company, and The Yokohama Rubber Co., Ltd., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Design |
|
| Breakup by Type |
|
| Breakup by Season |
|
| Breakup by Vehicle Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
- Report Delivery
- Purchase Advantages
- Access Duration
- Analyst Support
- Discount on Future Updates
- Customisation Options
- Customisation Requests
- Excel Data Sheet
- Online Access
- PDF Format
- PPT/Word Format
- 1 Print Allowed
- Bulk Purchase Discounts
- Full Report Access
- Multi-Device Access
- Unlimited Access
- One-Time Purchase
- 3-Month Trade Data Access
- Consultation Hours
- Email Support
- Phone Support
- Up to 15 Analyst Hours
- Up to 30 Analyst Hours
- 5% Discount
- 10% Discount
- 15% Discount
- 20% Discount
- Basic (Up to 10%)
- Advanced (Up to 50%)
- Dedicated Analyst Access
- Data Visualization Access
- Custom Data Queries
- Custom Report Layouts
- Tailored Custom Summaries
- Dashboard
- Purchase Advantages
- Report Delivery
- Access Duration
- Analyst Support
- Discount on Future Updates
- Customisation Options
- Customisation Requests
- 1 Print Allowed
- Full Report Access
- Bulk Purchase Discounts
- Multi-Device Access
- PDF Format
- Online Access
- Excel Data Sheet
- PPT/Word Format
- Unlimited Access
- One-Time Purchase
- 3-Month Trade Data Access
- Consultation Hours
- Email Support
- Phone Support
- Up to 15 Analyst Hours
- Up to 30 Analyst Hours
- 5% Discount
- 10% Discount
- 15% Discount
- 20% Discount
- Basic (Up to 10%)
- Advanced (Up to 50%)
- Dedicated Analyst Access
- Data Visualization Access
- Custom Data Queries
- Custom Report Layouts
- Tailored Custom Summaries
- Dashboard
- Purchase Advantages
- Analyst Support
- Report Delivery
- Access Duration
- Customisation Options
- Discount on Future Updates
- Customisation Requests
- 5 Prints Allowed
- Full Report Access
- Bulk Purchase Discounts
- Limited Device Access
- Email Support
- Phone Support
- Up to 15 Analyst Hours
- Up to 30 Analyst Hours
- PDF Format
- Online Access
- Excel Data Sheet
- PPT/Word Format
- Unlimited Access
- One-Time Purchase
- 3-Month Trade Data Access
- Consultation Hours
- Basic (Up to 10%)
- Advanced (Up to 50%)
- Dedicated Analyst Access
- Data Visualization Access
- 5% Discount
- 10% Discount
- 15% Discount
- 20% Discount
- Custom Data Queries
- Custom Report Layouts
- Tailored Custom Summaries
- Dashboard
- Report Delivery
- Purchase Advantages
- Customisation Options
- Customisation Requests
- Analyst Support
- Access Duration
- Discount on Future Updates
- PDF Format
- Excel Data Sheet
- PPT/Word Format
- Online Access
- Unlimited Prints Available
- Full Report Access
- Bulk Purchase Discounts
- Multi-Device Access
- Basic (Up to 10%)
- Advanced (Up to 50%)
- Dedicated Analyst Access
- Data Visualization Access
- Custom Data Queries
- Custom Report Layouts
- Tailored Custom Summaries
- Dashboard
- Email Support
- Phone Support
- Up to 15 Analyst Hours
- Up to 30 Analyst Hours
- Unlimited Access
- One-Time Purchase
- 3-Month Trade Data Access
- Consultation Hours
- 5% Discount
- 10% Discount
- 15% Discount
- 20% Discount
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
- Selected Segments
- Printing Restrictions
- Excel Spreadsheet Delivered via Email
- Full Report
- Periodic Updates
- Post Sales Analysts Support
- Unlimited Prints
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
- All Segments
- Printing Restrictions
- PDF Delivered via Email
- Custom Report Layout
- Post Sales Analysts Support
- Periodic Updates
- Unlimited Prints
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
- All Segments
- Five Prints Available
- PDF Delivered via Email
- Limited Free Customization
- Post Sales Analyst Support
- Custom Report Layout
- Periodic Updates
- Unlimited Prints
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
- All Segments
- Unlimited Prints Available
- PDF & Excel Delivery via Email
- Limited Free Customization
- Post Sales Analysts Support
- Discount On Next Update
- Custom Report Layout
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 80 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 100 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
- Free Analyst Hours
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Free Analyst Hours - 80 Hours
- Power BI Dashboards
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Power BI Dashboards
- Free Analyst Hours - 100 Hours
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share