Mexico Commercial Vehicle Industry Outlook 2022 - 2026

Key Market Indicators

By 2026, Mexican Commercial Vehicle Registration is forecast to hit 18.5 million units, a 5.7% increase from 2021's 13.9 million units. Since 2010, the Mexican market has surged 88.8% year-on-year. In 2021, Mexico was the second-largest market, with Canada overtaking at 13.9 million units. Mexico, Argentina, and Australia were the second, third, and fourth biggest markets, respectively. By 2026, Mexican Commercial Vehicle Production is expected to reach 2.8 million units, a 3% year-on-year average rate increase from 2021's 2.3 million units. Since 2002, the Mexican supply has climbed 9.2% year-on-year. In 2021, China was the largest producer, overtaking Mexico at 2.3 million units. China, Mexico, and Canada were the top three producers, respectively.

Mexico Commercial Vehicle Market Data and Forecasts

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