Mexico Light Truck Import Industry Report 2024-2033

(MENAFN- GlobeNewsWire - Nasdaq) Mexico's light truck market is expected to maintain stable growth, driven by economic development and trade demand. With the rise of electric vehicles, the demand for electric light trucks in Mexico is predicted to increase further.

Dublin, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The "Mexico Light Truck Import Research Report 2024-2033" report has been added to ResearchAndMarkets.com's offering.
With the rapid growth of e-commerce and increasing demand for urban logistics, the light truck industry has been expanding, particularly in the urban distribution and short-distance transport markets.
The global light truck market is highly competitive, with major manufacturers including Ford, Toyota, Nissan, GM, Daimler, and Hyundai. Japan, Germany, and the United States are the leading suppliers of light trucks globally, while China's light truck export volume has been increasing in recent years.
Mexico's light truck market is growing steadily, and Mexico is also one of the world's leading importers of light trucks. This growth is closely tied to the continuous development of Mexico's manufacturing and infrastructure sectors, the increasing demand for logistics, and its economic structure. Mexico has a significant logistics and transport demand, particularly due to cross-border trade with its USMCA partners. Mexico's light truck manufacturing capacity is limited, making the industry highly reliant on imports, including key components and complete vehicles. Mexico's logistics network is primarily road-based, and light trucks play an irreplaceable role in last-mile delivery, small-scale cargo transport, and inter-city transportation, especially for retail and e-commerce industries.
With the growth of domestic consumption and industrial demand, the need for short-distance delivery vehicles continues to rise in Mexico. In summary, Mexico's light truck market is expected to maintain stable growth, driven by economic development and trade demand. With the rise of electric vehicles, the demand for electric light trucks in Mexico will increase further.
The total import value of light trucks into Mexico was approximately USD 1.6 billion in 2023, and from January to September 2024, the total import value was about USD 1.5 billion, marking a 32% year-on-year increase compared to 2023. The Mexican light truck market is rapidly expanding, and this growth is expected to continue at a fast pace in the coming years.

From 2021 to 2024, the main sources of light truck imports into Mexico include countries such as China, Thailand, and Brazil. Major exporters to Mexico include Toyota Motor Sales USA, Ford Trading Company and FCA US.
Major importers of light trucks in Mexico include General Motors de Mexico, Toyota Motor Sales de Mexico and Ford Motor Company.
Overall, with Mexico's economic development, accelerated industrialization, and growth in the logistics sector, the publisher expects the light truck market in Mexico to continue expanding. The import volume of light trucks is expected to rise further. The publisher recommends that overseas light truck manufacturers explore the Mexican market, and if necessary, consider establishing production facilities in Mexico to seize the opportunities in Mexico's light truck market.
Topics covered:

• The Import and Export of Light Truck in Mexico (2021-2024)
• Total Import Volume and Percentage Change of Light Truck in Mexico (2021-2024)
• Total Import Value and Percentage Change of Light Truck in Mexico (2021-2024)
• Total Import Volume and Percentage Change of Light Truck in Mexico (2024)
• Total Import Value and Percentage Change of Light Truck in Mexico (2024)
• Average Import Price of Light Truck in Mexico (2021-2024)
• Top 10 Sources of Light Truck Imports in Mexico and Their Supply Volume
• Top 10 Suppliers in the Import Market of Light Truck in Mexico and Their Supply Volume
• Top 10 Importers of Light Truck in Mexico and Their Import Volume
• How to Find Distributors and End Users of Light Truck in Mexico
• How Foreign Enterprises Enter the Light Truck Market of Mexico
• Forecast for the Import of Light Truck in Mexico (2024-2033)

Key Attributes:

Report Attribute	Details
No. of Pages	80
Forecast Period	2024 - 2033
Estimated Market Value (USD) in 2024	$2.11 Billion
Forecasted Market Value (USD) by 2033	$3.72 Billion
Compound Annual Growth Rate	6.5%
Regions Covered	Mexico

Key Topics Covered:
1 Overview of Mexico
1.1 Geography of Mexico
1.2 Economic Condition of Mexico
1.3 Demographics of Mexico
1.4 Domestic Market of Mexico
1.5 Recommendations for Foreign Enterprises Entering the Mexico Light Truck Imports Market
2 Analysis of Light Truck Imports in Mexico (2021-2024)
2.1 Import Scale of Light Truck in Mexico
2.1.1 Import Value and Volume of Light Truck in Mexico
2.1.2 Import Prices of Light Truck in Mexico
2.1.3 Apparent Consumption of Light Truck in Mexico
2.1.4 Import Dependency of Light Truck in Mexico
2.2 Major Sources of Light Truck Imports in Mexico
3 Analysis of Major Sources of Light Truck Imports in Mexico (2021-2024)
3.1 China
3.2 Thailand
3.3 Brazil
3.4 Japan
3.5 South Africa
3.6 United States
4 Analysis of Major Suppliers in the Import Market of Light Truck in Mexico (2021-2024)
4.1 TOYOTA MOTOR SALES USA INC
4.2 FORD TRADING COMPANY LLC
4.3 FCA US
5 Analysis of Major Importers in the Import Market of Light Truck in Mexico (2021-2024)
5.1 GENERAL MOTORS DE MEXICO S. DE R.L. DE C.V.
5.2 TOYOTA MOTOR SALES DE MEXICO S. DE R.L. DE C.V.
5.3 FORD MOTOR COMPANY S.A. DE C.V.
6. Monthly Analysis of Light Truck Imports in Mexico from 2021 to 2024
6.1 Analysis of Monthly Import Value and Volume
6.2 Forecast of Monthly Average Import Prices
7. Key Factors Affecting Light Truck Imports in Mexico
7.1 Policy
7.1.1 Current Import Policies
7.1.2 Trend Predictions for Import Policies
7.2 Economic
7.2.1 Market Prices
7.2.2 Growth Trends of Light Truck Production Capacity in Mexico
7.3 Technology
8. Forecast for the Import of Light Truck in Mexico, 2024-2033
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Attachment

• Mexican Light Truck Import Market

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