Mexico Electric Vehicle Fluids Market Overview, 2027

Mexico Electric Vehicle Fluids Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Mexico is embracing the worldwide trend towards sustainable transportation, which is causing the market for electric vehicle (EV) fluids to develop and change significantly. Mexico is working very hard to encourage the use of electric vehicles and create a sustainable transportation ecosystem in response to the growing worries about climate change, air pollution, and the depletion of fossil fuels. Therefore, there is a growing need for specialised fluids to support the safe and dependable functioning of electric vehicles. The rising popularity of electric vehicles is one of the factors propelling the market for EV fluids in Mexico. Recognising the financial and environmental advantages of electric mobility, the Mexican government has put in place a number of incentives and laws to encourage the purchase and usage of electric vehicles. The makers and owners of electric vehicles can benefit from tax breaks, subsidies, and exemptions. Such policies encourage people and companies to switch from conventional to electric vehicles, which raises the need for EV fluids. Additionally, Mexico has been making significant investments in the creation of a reliable EV charging infrastructure. For electric vehicles to be widely used and for the market for EV fluids to expand, there must be an established and large charging infrastructure. The convenience and accessibility of charging electric vehicles improve as the nation's charging infrastructure continues to grow, which boosts demand for EV fluids.

According to the research report ""Mexico Electric Vehicle Fluids Market Overview, 2027"" published by Bonafide Research, the electrical vehicle fluids market is expected to grow significantly during the forecast period. The heat transfer fluid has been growing at a steady pace on account of high demand from consumers in the country. The BEV segment is predicted to grow at a significant rate during the forecast period due to changes in consumer preference. Electric vehicle fluid manufacturers have an immense opportunity across the world due to the increasing demand for electric vehicles. This is often primarily due to the rising cost of fuel, rising pollution levels, and also the declining price of batteries. In addition, the continual support of the government in terms of subsidies, taxes, and rebates is also supporting the demand for electric vehicles.

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There's an increasing demand for electric vehicles With the growing concern over tailpipe emissions and their harmful effects on the environment, stringent standards for CO2 and pollutants such as nitrogen oxide, unburned hydrocarbons, and particulates are put in place, leading to hybrid and full EVs no longer being seen as uncommon, but the quality for the future. Growth in electric vehicle production and sales drives the demand for electric vehicle fluids. Fluid is the main component of a vehicle that improves fuel economy and helps in reducing carbon footprints in vehicles. Electric vehicle fluids help remove excess heat from the engine motor and keep it cool. Hence, cool engines provide better fuel efficiency. Moreover, the utilization of fluids to reduce heat maximizes the life of vehicles. Thus, the utilization of electric vehicle fluids helps in providing durability to engines. With the improved performance of EVs, the utilization of exclusive lubricant products for these vehicles is an essential practice. EV fluids play a necessary role in power trains in boosting performance and driving experience. Compared with conventional engine lubricants, e-fluids cool e-motors and gears and provide insulation from electric current. They also extend the lifetime of every electric motor part and the mileage of EVs by improving machine efficiency.

Current EVs are sold at high prices compared to traditional petrol and diesel vehicles. This price surplus can burden their market introduction. Current sales prices of EVs are still above similar conventional vehicles. This is mainly due to the expensive battery pack but also to the absence of economies of scale. The production costs of a vehicle can decrease when production figures increase from 10,000 to 500,000 units a year. Currently, PHEVs have even higher initial purchase costs due to the presence of a battery pack, a traditional internal combustion engine, and an electrical engine. On the other hand, PHEVs have the benefit of cost savings because of the downsizing of the conventional engine Vehicles depreciate over time. The loss important due to depreciation is the highest in the first years of the vehicle’s lifespan. Depreciation rates not only vary in keeping with the fuel or drive train, but they also vary in keeping with brand image, mileage, and vehicle class, among others. The carbon emissions of ICE vehicles are now treated as a major threat. Several countries have partnered with private companies to realize the sustainable development of EV charging infrastructure.

Covid-19 The world has gone through a phase of unprecedented health crisis, economic, social, and political instability triggered by COVID-19. The Canada community is busy digesting a plethora of views on the immediate impact of COVID-19 on every type of sector. The market for fluids for EVs emerges as the new blue ocean.

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Manmayi Raval

Manmayi Raval

Research Consultant






Considered in this report.
• Geography: Mexico
• Historical year: 2016
• Base year: 2021
• Year of forecast: 2027

Aspects covered in this report
• Mexico electric vehicle fluid market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Five force models.
• Top-profiled companies
• Strategic recommendation

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Manmayi Raval


By product type in the report
• Grease fluids
• Brake fluids
• Heat-transfer fluids
• Drive-system fluids
By Propulsion Type in the Report
• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicles
• Hybrid Electric Vehicles

By the vehicle type in the report.
• Passenger Vehicle type
• Commercial Vehicle type

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, analyzing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. After this, we have started making primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to EV fluid industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry."

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Mexico Macro Economic Indicators
  • 4. Mexico Electric Vehicle Fluids Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies &Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. Mexico Electric Vehicle Fluids Market Trends
  • 6. Mexico Electric Vehicle Fluids Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Product Type
  • 6.2.2. By Propulsion Type
  • 6.2.3. By Vehicle Type
  • 7. Mexico Electric Vehicle Fluids Market Segmentations
  • 7.1. Mexico Electric Vehicle Fluids Market, By Product Type
  • 7.1.1. Mexico Electric Vehicle Fluids Market Size, By Grease, 2016 - 2027F
  • 7.1.2. Mexico Electric Vehicle Fluids Market Size, By Brake Fluid, 2016 - 2027F
  • 7.1.3. Mexico Electric Vehicle Fluids Market Size, By Heat Transfer Fluid, 2016 - 2027F
  • 7.1.4. Mexico Electric Vehicle Fluids Market Size, By Drive System Fluid, 2016 - 2027F
  • 7.2. Mexico Electric Vehicle Fluids Market, By Propulsion Type
  • 7.2.1. Mexico Electric Vehicle Fluids Market Size, By BEV, 2016 - 2027F
  • 7.2.2. Mexico Electric Vehicle Fluids Market Size, By PHEV, 2016 - 2027F
  • 7.2.3. Mexico Electric Vehicle Fluids Market Size, By HEV, 2016 - 2027F
  • 7.3. Mexico Electric Vehicle Fluids Market, By Vehicle Type
  • 7.3.1. Mexico Electric Vehicle Fluids Market Size, By Passenger Vehicles, 2016 - 2027F
  • 7.3.2. Mexico Electric Vehicle Fluids Market Size, By Commercial Vehicles, 2016 - 2027F
  • 8. Mexico Electric Vehicle Fluids Market Opportunity Assessment
  • 8.1. By Product Type, 2022F to 2027F
  • 8.2. By Propulsion Type, 2022F to 2027F
  • 8.3. By Vehicle Type, 2022F to2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Table
Table 1: Mexico Electric Vehicle Fluids Market Size of Grease (2016 to2027F) in MexicoD Million
Table 2: Mexico Electric Vehicle Fluids Market Size of Brake Fluid (2016 to2027F) in MexicoD Million
Table 3: Mexico Electric Vehicle Fluids Market Size of Heat Transfer Fluid (2016 to2027F) in MexicoD Million
Table 4: Mexico Electric Vehicle Fluids Market Size of Drive System Fluid (2016 to2027F) in MexicoD Million
Table 5: Mexico Electric Vehicle Fluids Market Size of BEV (2016 to2027F) in MexicoD Million
Table 6: Mexico Electric Vehicle Fluids Market Size of PHEV (2016 to2027F) in MexicoD Million
Table 7: Mexico Electric Vehicle Fluids Market Size of HEV (2016 to2027F) in MexicoD Million
Table 8: Mexico Electric Vehicle Fluids Market Size of Passenger Vehicles (2016 to2027F) in MexicoD Million
Table 9: Mexico Electric Vehicle Fluids Market Size of Commercial Vehicles (2016 to2027F) in MexicoD Million
Table 10: Key Facts of Company 1
Table 11: Key Facts of Company 2
Table 12: Key Facts of Company 3
Table 13: Key Facts of Company 4
Table 14: Key Facts of Company 5
Table 15: Key Facts of Company 6
Table 16: Key Facts of Company 7
Table 17: Key Facts of Company 8

List of Figures
Figure 1: Mexico Electric Vehicle Fluids Market Size By Value 2016 to 2027F (In MexicoD Million)
Figure 2: Mexico Electric Vehicle Fluids Market Share By Product Type (2016, 2021&2027F)
Figure 3: Mexico Electric Vehicle Fluids Market Share By Propulsion Type (2016, 2021& 2027F)
Figure 4: Mexico Electric Vehicle Fluids Market Share By Vehicle Type (2016, 2021& 2027F)
Figure 5: Market Attractiveness Index, By Product Type
Figure 6: Market Attractiveness Index, By Propulsion Type
Figure 7: Market Attractiveness Index, By Vehicle Type
Figure8: Porter's Five Forces Meter of Electric Vehicle Fluids IndMexicotry in Mexico
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Mexico Electric Vehicle Fluids Market Overview, 2027

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