The market is dominated by domestic suppliers, as imports account for 34.4% of total market size in 2023. Households drive market demand, with household spending representing 50.9% of total demand in 2023. Mexico has the second largest market size for motorcycles, bicycles and other transport equipment regionally, with demand reaching USD4.9 billion in 2023. Italika Motocicletas SA de CV is the largest company in Mexico, generating 20.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 30.6% of total production value in 2023. The total number of companies increases in 2023, to 7,526 units. The costs of the industry increase by 27.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.3% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 14.7% of total production output. With production value of USD1.8 billion, Mexico accounts for 21.0% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Motorcycles, Bicycles and Other Transport Equipment in Mexico: ISIC 359. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motorcycles, Bicycles and Other Transport Equipment in Mexico: ISIC 359 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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