Forecast: Motor Vehicles, Trailers and Semi-Trailers Manufacturing Output in Mexico

The manufacturing output of motor vehicles, trailers, and semi-trailers in Mexico has shown significant growth from 2013 through 2023. Notable increases were seen in the early years, with the highest year-on-year variation of 20.61% in 2015. The sector did experience a downturn in 2020 with a decrease of 10.98%, likely due to the global pandemic, but it rebounded with solid growth in subsequent years. As of 2023, the output stood at 4.4984 trillion Mexican Pesos, a 5.1% increase from the previous year.

Future trends to watch for include:

• The continued modest growth forecast with a 5-year CAGR of 3.38%, leading to a forecasted output of 5.5691 trillion Mexican Pesos by 2028.
• Technological advancements and increased investment in electric vehicle production could further alter the industry dynamics.
• Potential global economic fluctuations and supply chain disruptions which may impact growth predictions.