Mexico - Latin America Electric Mobility Market Size & Outlook
The electric mobility market in Mexico - Latin America is expected to reach a projected revenue of US$ 2,514.5 million by 2030. A compound annual growth rate of 11.4% is expected of Mexico - Latin America electric mobility market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,057.5
Forecast, 2030 (US$M)
$2,514.5
CAGR, 2023 - 2030
11.4%
Report Coverage
Mexico
Mexico - Latin America Electric Mobility Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico electric mobility market highlights
- The Mexico electric mobility market generated a revenue of USD 1,057.5 million in 2022 and is expected to reach USD 2,514.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.4% from 2023 to 2030.
- In terms of segment, chain drive was the largest revenue generating drive type in 2022.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
Electric mobility market data book summary
| Market revenue in 2022 | USD 1,057.5 million |
| Market revenue in 2030 | USD 2,514.5 million |
| Growth rate | 11.4% (CAGR from 2022 to 2030) |
| Largest segment | Chain drive |
| Fastest growing segment | Belt Drive |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain Drive, Hub Drive |
| Key market players worldwide | Bayerische Motoren Werke AG, Honda Motor Co Ltd, Gogoro Inc, PIERER Mobility AG, Mahindra & Mahindra Ltd DR, Ninebot, Suzuki Motor Corp, Terra Motors, Yamaha Motor Co Ltd, Vmoto |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global electric mobility market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico electric mobility market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,953.0 million by 2030.
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Electric Mobility Market Scope
Electric Mobility Market segmentation & scope
Electric Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honda Motor Co Ltd | View profile | 194,993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | global.honda |
| Suzuki Motor Corp | View profile | 114,903 | 300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, Japan, 432-8611 | www.globalsuzuki.com |
| Bayerische Motoren Werke AG | View profile | 154,950 | Petuelring 130, Munich, BY, Germany, 80809 | www.bmwgroup.com |
| Gogoro Inc | View profile | 1,892 | No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, Taiwan, 105 | www.gogoro.com |
| PIERER Mobility AG | View profile | 6,097 | Edisonstrasse 1, Wels, Austria, 4600 | www.pierermobility.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| Ninebot | View profile | 251-500 | Beijing, Beijing, China, Asia | ninebot.com |
| Terra Motors | View profile | 51-100 | Tokyo, Tokyo, Japan, Asia | terramotors.co.jp/ |
| Yamaha Motor Co Ltd | View profile | 65,477 | 2500, Shingai, Iwata, Shizuoka, Japan, 438-8501 | www.yamaha-motor.co.jp |
| Vmoto | View profile | - | London, England, United Kingdom, Europe | vmoto-uk.com/ |
Mexico - Latin America Electric Mobility Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Mobility Market Outlook will help companies and investors design strategic landscapes.
Chain Drive was the largest segment with a revenue share of 48.83% in 2022.
Horizon Databook has segmented the Mexico - Latin America electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.
- Mexico - Latin America Electric Mobility Market Drive Type Outlook (Revenue, USD Million , 2018-2030)
- Belt Drive
- Chain Drive
- Hub Drive
- Mexico - Latin America Electric Mobility Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Personal
- Commercial
- Mexico - Latin America Electric Mobility Market Battery Outlook (Revenue, USD Million , 2018-2030)
- Lead-acid Battery
- Lithium-ion Battery
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Electric Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Electric Mobility Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Electric Mobility Market, 2018-2030 (US$M)
Mexico electric mobility market statistics, by drive type, 2018-2030 (US$M)
