The Mexican motorcycle parts market, excluding saddles, has seen significant growth from 2013 to 2023, increasing from $483.47 million to $1099.7 million. The average variation per year over the last five years is approximately 4.91%. Notably, there was a slight dip in 2020, with a 5.36% year-on-year decrease, likely due to the global pandemic impacts. However, recovery followed, with values climbing back up to $1044.9 million in 2022 and $1099.7 million in 2023. The market is forecasted to continue growing, reaching $1365.7 million by 2028, indicating a 3.43% CAGR over the next five years.
Future trends to watch for include:
- The impact of electric motorcycles on parts demand.
- Technological advancements improving part efficiency and durability.
- Regulatory changes impacting manufacturing and import/export policies.
- Growth in e-commerce facilitating easier access to parts.
- Consumer behavior trends towards customization and performance upgrades.
