Passenger Vehicle Growth Perspectives in Latin America - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2019--The “Passenger Vehicle Growth Perspectives in Latin America, Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Latin American (LATAM) passenger vehicle market has witnessed a major downturn in recent years (2014-2016), given generalized fall in GDP growth rates across key industries and major national economies, devaluation of local currencies against the US Dollar, drop in primary commodity prices, rising inflation rates, and loss of purchasing power parity.
However, vehicle sales are expected to recover with the growth rates being driven by general economic stabilization along with new trends in the industry and a restructuring of the regional trade dynamics.
The VIO is forecast to increase substantially reaching 122.5 million units in the coming years, with 7.2 million units being commercialized in 2023. Noteworthy of the figures presented in this study are the regional trends, where Brazil is gradually losing its undisputed dominant position as the main automotive market, caused by the rise of the Mexican market.
On the other hand, the Argentinean automotive industry is strengthened by its specialization in specific segments (pick-up), commercialization and production.
This study focuses on the number of transformative shifts driven by social, political, economic, and technological disruptions impacting the LATAM regional automotive industry and markets. Specific vehicle segments are driving growth in VIO (such as pick-ups and new-generation SUVs), along with increasing competitiveness, pushed by technological disruptors and new business models.
The regional landscape and performance of Argentina, Brazil, Chile, Colombia, Mexico and Peru are discussed, considering regional and local motorization rates and GDP growth forecasts, along with the publisher’s exclusive passenger vehicle sales and VIO forecasts and analysis from 2017 to 2023.
The aim of this study is to identify and analyze key trends driving the growth of the passenger vehicle market in LATAM, along with the expansion or contraction of the VIO rate, for the period 2013-2023.
Detailed information is presented for segments, firstly on key transformative trends impacting vehicle sales and VIO expansion as a whole. Secondly, a thorough country-wise analysis is provided, including historic sales and VIO data and growth forecasts.
1. Executive Summary
2. Research Scope, Objectives, Methodology and Definitions
3. Top Transformative Trends Impacting the Latin America VIO and Sales
4. Argentina Passenger Vehicle Market Outlook to 2023
5. Brazil Passenger Vehicle Market Outlook to 2023
6. Chile Passenger Vehicle Market Outlook to 2023
7. Colombia Passenger Vehicle Market Outlook to 2023
8. Mexico Passenger Vehicle Market Outlook to 2023
9. Peru Passenger Vehicle Market Outlook to 2023
10. Growth Opportunities and Strategic Imperatives
11. Key Conclusions
For more information about this report visit https://www.researchandmarkets.com/research/q6qnkp/passenger_vehicle?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005864/en/
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KEYWORD: CENTRAL AMERICA SOUTH AMERICA
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/07/2019 12:25 PM/DISC: 01/07/2019 12:25 PM