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Strategic Analysis of the Mexican Tire Aftermarket

  • August 2015
  • -
  • Frost & Sullivan
  • -
  • 90 pages

Revenue Market Size Will Double over the Next 5–7 Years

Larger wheel sizes and increasing demand for quality from customers drive prices and revenue higher in the Mexican tires aftermarket. This research analyzes demand for replacement tires for passenger vehicles and commercial trucks in Mexico's 3 largest cities. It covers growth opportunities in emerging segments such as retreading. The research includes unit shipment and revenue forecasts, market drivers and restraints, industry challenges, averaging pricing, and market share analyses. It also segments the market to include forecasts by vehicle and tire type, wheel diameter, and speed rating. Conclusions and future outlook are also provided.

Executive Summary—Key Findings
The Mexican tire aftermarket will offer high growth over the next ?– years, with total revenue more than doubling by 2019.

Key Findings
- The Mexican tire aftermarket is expected to grow, with opportunities available in different areas, such as in commercial vehicles.
- Due to the increase of average unit price, increased wheel sizes, and better customer understanding of tire quality benefits, revenue is expected to grow fast.
- Mexico City is the target location for all competitors in the global tire market. Besides having the largest number of vehicle registrations, most of the largest cargo and bus companies are headquartered here.
- Mexico is expected to become a net tire exporter, with top manufacturers investing in manufacturing operations to quickly supply to the burgeoning OEM market, meet local market demands, and export to
neighboring countries including the United States.

Total Tire Aftermarket
- Aftermarket outlook: After the downturn caused by the 2008 global economic crisis, the Mexican tire aftermarket reached million units in 2014, generating $ billion in revenue, an all-time high.
- This market is expected to continue growing at a healthy compound annual growth rate (CAGR) of % in terms of units from 2014 to 2019.
- The growth is supported by strong local vehicle sales and a growing economy that is driving up the size of the medium socio-economic segment and the related purchasing power. In some areas of Mexico, roads
are in poor condition, and increase tire replacement rates.
- The tire aftermarket is likely to reach million units in sales and $ billion in revenue by 2019.

Table Of Contents

Strategic Analysis of the Mexican Tire Aftermarket
1. EXECUTIVE SUMMARY

Executive Summary
Executive Summary—Key Findings
Unit Shipment and Revenue Forecast
Competitive Analysis

2. RESEARCH SCOPE, OBJECTIVES, METHODOLOGY, AND BACKGROUND

Research Scope, Objectives, Methodology, and Background
Research Scope
Research Aim and Objectives
Key Questions This Study Will Answer
Research Background
Research Methodology
Key Market Participant Compared in This Study

3. DEFINITIONS AND SEGMENTATION

Definitions and Segmentation
Product Segmentation
Product Definitions
Vehicle Segmentation

4. OVERVIEW OF THE MEXICAN TIRE AFTERMARKET

Overview of the Mexican Tire Aftermarket
PESTLE Analysis
Industry Overview
Vehicle Sales and Sales Forecast
Vehicle Sales and Sales Forecast by Category
Production Facilities
Production Trends
Market Share Analysis

5. PASSENGER CAR AND LCV TIRE AFTERMARKET

Passenger Car and LCV Tire Aftermarket
Industry Trends
Industry Challenges
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
PC and LCV Tire Demand Analysis—Total Mexico
PC and LCV Tire Demand Analysis—Mexico DF
PC and LCV Tire Demand Analysis—Guadalajara
PC and LCV Tire Demand Analysis—Monterrey
PC and LCV Tire Aftermarket—Unit Shipment and Revenue Forecast
PC and LCV Tire Aftermarket Unit Shipment and Revenue Forecast by Vehicle Category
PC and LCV Tire Aftermarket Unit Shipment and Revenue Forecast by Speed Rating
PC and LCV Tire Aftermarket Unit Shipment Forecast by Wheel Diameter
PC and LCV Tire Aftermarket Unit Shipment Forecast by Product Category
Unit Shipment Forecast Discussion by Different Product Categories
Average Pricing Analysis
Average Pricing Trend Analysis by Vehicle Category
Market Share Analysis
Distribution Channel Layout
Overview of Major Competitors

6. MCV AND HCV TIRE AFTERMARKET

MCV and HCV Tire Aftermarket
Market Trends—Medium and Heavy Commercial Vehicles (MCV and HCV)
Industry Challenges
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
MCV Tire Demand Analysis—Total Mexico
HCV Tire Demand Analysis—Total Mexico
MCV Tire Demand Analysis—Mexico DF
HCV Tire Demand Analysis—Mexico DF
MCV Tire Demand Analysis—Guadalajara
HCV Tire Demand Analysis—Guadalajara
MCV Tire Demand Analysis—Monterrey
HCV Tire Demand Analysis—Monterrey
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast by Vehicle Class
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast by Vehicle Application
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast by Load Index
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast by Speed Rating
MCV and HCV Tire Aftermarket Unit Shipment and Revenue Forecast by Wheel Diameter
MCV and HCV Tire Aftermarket Average Pricing Analysis
Market Share Analysis MCV
Market Share Analysis HCV
Distribution Channel Layout
Overview of the Top Competitors
Overview of Retread Activities in the Mexican HCV Tire Market

7. CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
Key Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer

8. APPENDIX

Appendix
Market Engineering Methodology
List of Abbreviations and Acronyms Used
Vehicle Brands in the Mexican Market
Companies Offering Retread Tires in Mexico
Glossary of Terms

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