Automotive Aftermarket in Mexico to Grow Over 6% Annually

The automotive aftermarket in Mexico totaled US$4.3 billion in 2016 and represented 8% of North American demand. The value of the Mexican peso relative to the US dollar declined during the 2011-2016 period, with the result that sales fell through 2016. Nevertheless, aftermarket sales continued to climb at a strong rate when measured in pesos. These and other trends are presented in North America Automotive Aftermarket, 8th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Automotive aftermarket demand in Mexico is forecast to expand 6.1% per year through 2021 to US$5.8 billion, which is the fastest rate in the region and a turnaround from the declines of the 2011-2016 period. The increasing availability of newer model used car imports from the US under the 2009 NAFTA agreement is expected to have a mixed effect on the Mexican automotive aftermarket.

Aftermarket demand for automotive components in all of North America is forecast to expand 2.4% per year through 2021, accelerating from the slower growth seen between 2011 and 2016. Sales will be promoted by such factors as the growth in the size and average age of the region’s light vehicle park, gains in the average number of miles driven annually, and increasingly stringent regulation regarding emissions, fuel efficiency, hazardous materials, and occupant and pedestrian safety boosting the number and value of many automotive components.

North America Automotive Aftermarket, 8th Edition (published 11/2017, 240 pages) is available for $5100 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email pr@freedoniagroup.com.

Related studies include:


Latest News

Roofing Underlayment, Fasteners and Roofing Compound Sales Directly Dependent on Roofing Activity

June 4 2019

Demand for roofing underlayment is forecast to rise 5.0% annually to $1.5 billion in 2023, outpacing market gains for roofing accessories overall. In area terms, roofing underlayment demand is projected to advance 2.8% per year to 190.0 million squares in 2023.

Convenience Closure and Fitment Innovations on Pouches Drive Growth in Converted Flexible Packaging

June 4 2019

Demand for pouches is expected to grow 3.7% per year to $10.6 billion by 2023. Pouch design continues to evolve and now is expanding to include convenience-focused closure and fitment innovations that were once only available on rigid packaging.

Almost All Imported Room Air Conditioners Come From China

May 17 2019

US shipments of air conditioning equipment from domestic suppliers reached $8.5 billion in 2018, when they accounted for 75% of domestic air conditioning equipment demand. However, the US has a sizable trade deficit, which was equivalent to 22% of demand in 2018.

4 Ways China Is Fighting Air Pollution (& Winning)

May 17 2019

A new Freedonia study finds that the Chinese market for internal combustion engine, air, and fluid filters will approach $18 billion in 2022, and remain the largest in the world. Among the factors driving market growth, efforts by regulators to curb the nation’s notorious air pollution problem, such as by raising filtration standards, will continue to have an impact.

Amazon or Alibaba: Freedonia Compares These Global E-Commerce Leaders

May 7 2019

In the nearly $4.0 trillion global e-commerce market, East and West is largely divided by the presence of Alibaba and Amazon – with the former dominating the Asia/Pacific region due to its stronghold in China and the latter leading in more affluent areas such as the US and the EU. Currently, geographic overlap between the two is minimal. In fact, Amazon recently announced it is closing its online store in China to focus on other markets, although the company will continue to sell cross-border into China for orders placed through its stores based in other countries.