Mexico Electric Mobility Market Size & Outlook, 2022-2030

The electric mobility market in Mexico 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 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 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 2022USD 1,057.5 million
Market revenue in 2030USD 2,514.5 million
Growth rate11.4% (CAGR from 2022 to 2030)
Largest segmentChain drive
Fastest growing segmentBelt Drive
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelt Drive, Chain Drive, Hub Drive
Key market players worldwideBayerische 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
Belt Drive
Chain Drive
Hub Drive
Personal
Commercial
Lead-acid Battery
Lithium-ion Battery
Others

Electric Mobility Market Companies

Name Profile # Employees HQ Website

Mexico 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 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 electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.


  • Mexico Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018-2030)
    • Belt Drive
    • Chain Drive
    • Hub Drive
  • Mexico Electric Mobility End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Personal
    • Commercial
  • Mexico Electric Mobility Battery Outlook (Revenue, USD Million, 2018-2030)
    • Lead-acid Battery
    • Lithium-ion Battery
    • Others

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  • Our clientele includes a mix of electric mobility market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico electric mobility market , including forecasts for subscribers. This country databook contains high-level insights into Mexico electric mobility market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico electric mobility market size, by drive type, 2018-2030 (US$M)

Mexico Electric Mobility Market Outlook Share, 2022 & 2030 (US$M)

Mexico electric mobility market size, by drive type, 2018-2030 (US$M)

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