Date: July 1, 2023 to July 3, 2023
Exhibition Hall: Mexico City Centro Banamex Exhibition Center
The Mexico Auto Parts Exhibition is hosted by Frankfurt Exhibition Co., Ltd. in Germany, and is held annually in Mexico City. It is only open to professional visitors and is one of the influential international exhibitions in the automotive parts field in Mexico and Central America.
Mexico is one of the most economically developed countries in Central America, with a superior geographical location and enormous domestic market potential. Global renowned vehicle manufacturers such as Ford, General Motors, Daimler, Volkswagen, BMW, Renault Nissan, and Honda are competing here. The cars produced by these companies are not only supplied to the domestic market, but also exported to the United States, Canada, South America, and European Union countries to meet the potential market of 850 million consumers there. Mexico accounts for 15% of the total import volume of automotive parts products in the United States, and exports to the United States have reached 80-90% of the total export value. Mexico is still the 9th largest producer of complete vehicles in the world, with an annual output of up to 2 million vehicles. It is the 8th largest producer and 7th largest exporter of engines in the world, with a strong domestic market and low labor productivity. The newly established Advanced Research Center provides innovative technological solutions and design concepts for the automotive industry; We have a large number of high-tech talents who graduated from Mexican technical research institutions. However, overall, Mexico lacks capital and technical support for machinery and equipment, making technology intensive products and after-sales maintenance services the best breakthrough for foreign companies to enter the market.
Mexico has an area of 1964375 square kilometers and is a major country in Latin America. It is a must pass for land transportation in South and North America and is commonly known as the “road bridge”. Mexico is located in the Western Hemisphere, forming North America along with the Americas and Canada, and has established the world’s largest free trade zone between them: with a population of over 410 million, its gross domestic product of goods and services exceeds $14 million.
The automotive sector is the largest manufacturing sector in Mexico, accounting for 18.6% of the manufacturing industry and contributing 3.7% to the country’s GDP. According to the Mexican newspaper Cosmos, Mexico is currently the world’s largest exporter of automobiles, second only to Japan, Germany, and South Korea. The Mexican automotive industry expects that in 2021, Mexico is expected to become a major exporter of automobiles in the world. According to data from the Mexican Automobile Industry Association (AMIA), the Mexican car market continued to climb in October 2023, with growth in light vehicle production, sales, and exports. In August of this year, the light vehicle production of various car companies in Mexico reached 330164 units, a year-on-year increase of 16.8%; The cumulative production of the country in the first ten months was 2726472 vehicles, a year-on-year increase of 8.6%. Mexico has become a global importer of automotive parts and raw materials, mainly supplying products to automotive assembly plants located in Mexico. Last year’s transaction volume reached $35.1 billion, which also reflects the potential of the automotive parts industry to further drive the development momentum of suppliers in the country. As of the end of last year, the output value of the parts industry exceeded 47%, or 76 billion US dollars, and it is expected to reach 90 billion US dollars in the next 7 years. Authoritative figures indicate that the development prospects of level 2 and level 3 products (products that do not require design, such as screws) are promising. It is expected that by 2025, Mexico’s annual automobile production will reach 3.7 million units, almost twice that of 2023, and its demand for automotive components will significantly increase; At the same time, the average lifespan of cars in Mexico is 14 years, which has generated considerable demand and investment in services, repairs, and replacement parts. The development of the Mexican automotive industry will benefit global automotive parts manufacturing companies, with 83% of the world’s top 100 parts manufacturing companies currently investing and producing in Mexico.
Automechanika Mexico represents the latest industry trends, and our company showcases automotive engine components such as crankshafts, connecting rods, connecting rod bushings, cylinder liners, filters, and tensioning wheels.
This has created conditions for our company to comprehensively understand the market information, import and export policies, production and sales status of the automotive parts industry in Mexico and abroad. This promotes the exchange of technology and knowledge within the industry, which plays an important role in driving our company’s development in Central America.
In summary, the Automechanika Mexico exhibition in 2023 is a successful industry event that not only provides our company with an opportunity to showcase the latest technology and products, but also promotes communication and cooperation between new and old customers. It serves as a good bridge for promoting automotive parts suppliers and after-sales service industry dealers in Mexico and Central America, Provide our company with stronger market value.