Motorcycles in Mexico
Motorcycles in Mexico
Summary
Motorcycles in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Grupo Elektra SAB de CV
Honda Motor Co Ltd
Yamaha Motor Co Ltd
Summary
Motorcycles in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Motorcycles market includes all on- and off-road motorcycles including scooters and mopeds. Mopeds are two-wheeled vehicles with an engine capacity of less than 50cc. They are generally equipped for both motorized and non-motorized propulsion and have a restricted maximum speed. Any powered two-wheeler that is not a moped is classified as a motorcycle (The term 'scooter' refers to a two-wheeler of any capacity that has its engine as part of the rear suspension and/or has a step-through chassis. Depending on its engine capacity, a scooter may be classified as either a moped or a motorcycle).
- The Mexican motorcycles market recorded revenues of $7,392 million in 2024, representing a compound annual growth rate (CAGR) of 13.9% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 8.6% between 2019 and 2024, reaching a total of 1,071.4 thousand units in 2024.
- The growth of the Mexican motorcycles market volume in 2024 was primarily driven by the increase in disposable income. Rising wages boosted motorcycle purchasing, resulting in increased vehicle registrations and a shift from public transport to personal mobility among a broader population. According to Eurostat, in 2024, the net household disposable income in Mexico reached $1,251.9 billion, marking an 8.5% increase over 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the motorcycles market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motorcycles market in Mexico
- Leading company profiles reveal details of key motorcycles market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico motorcycles market with five year forecasts
- What was the size of the Mexico motorcycles market by value in 2024?
- What will be the size of the Mexico motorcycles market in 2029?
- What factors are affecting the strength of competition in the Mexico motorcycles market?
- How has the market performed over the last five years?
- What are the main segments that make up Mexico's motorcycles market?
Grupo Elektra SAB de CV
Honda Motor Co Ltd
Yamaha Motor Co Ltd
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players in the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Grupo Elektra SAB de CV
8.2. Honda Motor Co Ltd
8.3. Yamaha Motor Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players in the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Grupo Elektra SAB de CV
8.2. Honda Motor Co Ltd
8.3. Yamaha Motor Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Mexico motorcycles market value: $ million, 2019-24
Table 2: Mexico motorcycles market volume: thousand units, 2019-24
Table 3: Mexico motorcycles market category segmentation: % share, by value, 2019-24
Table 4: Mexico motorcycles market category segmentation: $ million, 2019-24
Table 5: Mexico motorcycles market geography segmentation: $ million, 2024
Table 6: Mexico motorcycles market value forecast: $ million, 2024-29
Table 7: Mexico motorcycles market volume forecast: thousand units, 2024-29
Table 8: Grupo Elektra SAB de CV: Key Facts
Table 9: Grupo Elektra SAB de CV: Annual Financial Ratios
Table 10: Grupo Elektra SAB de CV: Key Employees
Table 11: Honda Motor Co Ltd: Key Facts
Table 12: Honda Motor Co Ltd: Annual Financial Ratios
Table 13: Honda Motor Co Ltd: Key Employees
Table 14: Yamaha Motor Co Ltd: Key Facts
Table 15: Yamaha Motor Co Ltd: Annual Financial Ratios
Table 16: Yamaha Motor Co Ltd: Key Employees
Table 17: Yamaha Motor Co Ltd: Key Employees Continued
Table 18: Mexico Size of Population (Million), 2020-24
Table 19: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 21: Mexico Inflation, 2020-24
Table 22: Mexico Consumer Price Index (Absolute), 2020-24
Table 23: Mexico Exchange Rate, 2019-24
Table 1: Mexico motorcycles market value: $ million, 2019-24
Table 2: Mexico motorcycles market volume: thousand units, 2019-24
Table 3: Mexico motorcycles market category segmentation: % share, by value, 2019-24
Table 4: Mexico motorcycles market category segmentation: $ million, 2019-24
Table 5: Mexico motorcycles market geography segmentation: $ million, 2024
Table 6: Mexico motorcycles market value forecast: $ million, 2024-29
Table 7: Mexico motorcycles market volume forecast: thousand units, 2024-29
Table 8: Grupo Elektra SAB de CV: Key Facts
Table 9: Grupo Elektra SAB de CV: Annual Financial Ratios
Table 10: Grupo Elektra SAB de CV: Key Employees
Table 11: Honda Motor Co Ltd: Key Facts
Table 12: Honda Motor Co Ltd: Annual Financial Ratios
Table 13: Honda Motor Co Ltd: Key Employees
Table 14: Yamaha Motor Co Ltd: Key Facts
Table 15: Yamaha Motor Co Ltd: Annual Financial Ratios
Table 16: Yamaha Motor Co Ltd: Key Employees
Table 17: Yamaha Motor Co Ltd: Key Employees Continued
Table 18: Mexico Size of Population (Million), 2020-24
Table 19: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 21: Mexico Inflation, 2020-24
Table 22: Mexico Consumer Price Index (Absolute), 2020-24
Table 23: Mexico Exchange Rate, 2019-24
LIST OF FIGURES
Figure 1: Mexico motorcycles market value: $ million, 2019-24
Figure 2: Mexico motorcycles market volume: thousand units, 2019-24
Figure 3: Mexico motorcycles market category segmentation: $ million, 2019-24
Figure 4: Mexico motorcycles market geography segmentation: % share, by value, 2024
Figure 5: Mexico motorcycles market value forecast: $ million, 2024-29
Figure 6: Mexico motorcycles market volume forecast: thousand units, 2024-29
Figure 7: Forces driving competition in the motorcycles market in Mexico, 2024
Figure 8: Drivers of buyer power in the motorcycles market in Mexico, 2024
Figure 9: Drivers of supplier power in the motorcycles market in Mexico, 2024
Figure 1: Mexico motorcycles market value: $ million, 2019-24
Figure 2: Mexico motorcycles market volume: thousand units, 2019-24
Figure 3: Mexico motorcycles market category segmentation: $ million, 2019-24
Figure 4: Mexico motorcycles market geography segmentation: % share, by value, 2024
Figure 5: Mexico motorcycles market value forecast: $ million, 2024-29
Figure 6: Mexico motorcycles market volume forecast: thousand units, 2024-29
Figure 7: Forces driving competition in the motorcycles market in Mexico, 2024
Figure 8: Drivers of buyer power in the motorcycles market in Mexico, 2024
Figure 9: Drivers of supplier power in the motorcycles market in Mexico, 2024
