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LATAM Automotive Growth Outlook, 2022

Automotive LATAM Automotive Growth Outlook, 2022

Despite the Pandemic-Induced Geopolitical Chaos in the Region, LATAM is Set to Grow at the Rate of 7.6% in 2022

INDUSTRY
Automotive

RELEASE DATE
02-Jun-2022
REGION
Latin America
DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
PCF8-01-00-00-00
SKU
AU02334-LA-MO_26544
Yes
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SKU
AU02334-LA-MO_26544

LATAM Automotive Growth Outlook, 2022
Published on: 02-Jun-2022 | SKU: AU02334-LA-MO_26544

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Description

With 4.4 million units sold, the LATAM passenger vehicle market grew by 11.7% in 2021. The Chilean market had the biggest growth in the region, selling 60.6% more units than in 2020, going from 258.8 million units to 415.6 million units in a year. The Brazilian market, the biggest in the region, still has not reached pre-pandemic numbers. Chinese OEMs are slowly gaining their own space in the regional market. In this research service, Frost & Sullivan analyzes the PV market outlook for 2022. The market is expected to grow 7.6%. Estimates show that Uruguay will be the strongest, with a projected growth of 22.9%, followed by Mexico with an estimated growth of 12.3% and Ecuador with 9.7%. Some trends analyzed in the study are the rise of Chinese OEMs in the LATAM market and EVs in the region.

Key Issues Addressed

  • What is the current status of the Latin American light vehicles market, and what is its forecast for 2022?
  • How is the region recovering from the COVID-19 pandemic?
  • Which are the key disruptive trends impacting the regional market?
  • Which are the growth opportunities to be capitalized on?
  • What is the status of EVs and Chinese OEMs in the LATAM market?
Table of Contents

LATAM Automotive Highlights, 2021

Pandemic-Related Challenges for the LATAM Automotive Industry

2021 Automotive, Actuals vs. Forecast

LATAM Automotive Sales in the Last Decade

Regional Snapshot

Automotive Quarterly Snapshot

Key Transformative Factors in LATAM, 2022

Top Automotive Predictions for LATAM, 2022

Top 5 Global Economic Highlights of 2021

Top 5 Global Economic Predictions for 2022

Global GDP Growth

2022 Scenario Analysis—Quarterly Global Growth

2022 Scenario Analysis—Assumptions

2022 Global GDP Growth Snapshot

Advanced Economies—Predictions for 2022

Emerging Market Economies—Predictions for 2022

Top 5 Global Predictions For 2022—Macroeconomic Policies and Developments

2022 Growth Opportunities—Top 3 Opportunities by Region

2022 Regional Trends—Risks and Policy Direction

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on LATAM Automotive

Growth Opportunities Fuel the Growth Pipeline EngineTM

Research Scope

Segmentation

LATAM Automotive Sales in the Last Decade

Regional Snapshot

LATAM Automotive Sales by Country

LATAM Automotive Quarterly Snapshot (Impact of COVID-19)

LATAM Automotive Sales by Country

Penetration Rate by Segment

Argentina—Quarterly

Argentina—Sales Forecast

Argentina—2022 Predictions

Brazil—Quarterly

Brazil—Sales Forecast

Brazil—2022 Predictions

Chile—Quarterly

Chile—Sales Forecast

Chile—2022 Predictions

Colombia—Quarterly

Colombia—Sales Forecast

Colombia—2022 Predictions

Ecuador—Quarterly Sales Analysis

Ecuador—Sales Forecast

Ecuador—2022

Mexico—Quarterly Sales Analysis

Mexico—Sales Forecast

Mexico—2022 Predictions

Paraguay—Quarterly Sales Analysis

Paraguay—Sales Forecast

Paraguay—2022

Peru—Quarterly

Peru—Sales

Peru—2022 Predictions

Puerto Sales Analysis

Puerto Forecast

Puerto Rico—2022 Predictions

Uruguay—Quarterly

Uruguay—Sales

Uruguay—2022 Predictions

Key Transformative Factors in LATAM, 2022

Trend 1—Chinese OEMs

Trend 1—Chinese OEMs (continued)

Trend 2—Regional Trade Agreements

Trend of EVs

Trend ADAS Solutions

Trend of Connectivity Services

Trend Diversification

Trend 7—New Brands

USMCA Overview

Pacific Alliance Outlook

MERCOSUR Outlook

Case Study—MERCOSUR-EU Agreement

Ride On-demand Services in Latin America

Car-sharing in Latin America

Shared Electric Scooters in Latin America

Bike-sharing in Latin America

Growth Opportunity Local Production of EV Components 

Growth Opportunity 1—Local Production of EV Components (continued)

Growth Opportunity SUV Interest

Growth Opportunity SUV Interest (continued)

Growth Opportunity in Electrified Vehicle Offers

Growth Opportunity in Electrified Vehicle Offers (continued)

Key Findings and Outlook for 2022

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • Historical Automotive Sales by Country, LATAM, 2012–2022
  • Automotive Sales* by Country, LATAM, 2020, 2021, & 2022
  • Automotive Sales Forecast by Quarter, LATAM, 2020–2022
  • GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022
  • Assumptions for Growth Scenarios, Global, 2022
  • GDP Growth Rate, Select Economies, 2020–2022
  • Macroeconomic Predictions and Scenario Outcomes, Global, 2022
  • Regional Risks and Policy Direction, Global, 2022
  • Automotive Sales by Country, LATAM, 2020, 2021, & 2022
  • Automotive Sales Breakdown by Country, LATAM, 2020, 2021, & 2022
  • Automotive Sales Forecast by Segment, LATAM, 2021–2022
  • Percent Sales Forecast by Segment, LATAM, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Argentina, 2020–2022
  • Automotive: Unit Sales Forecast, Argentina, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Argentina, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Argentina, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Brazil, 2020–2022
  • Automotive: Unit Sales Forecast, Brazil, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Brazil, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Brazil, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Chile, 2020–2022
  • Automotive: Unit Sales Forecast, Chile, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Chile, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Chile, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Colombia, 2020–2022
  • Automotive: Unit Sales Forecast, Colombia, 2020–2022
  • Automotive: Unit Sales Forecast by Segment, Colombia, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Ecuador, 2019–2021
  • Automotive: Sales by Top 10 OEMs, Ecuador, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Ecuador, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Mexico, 2020–2022
  • Automotive: Unit Sales Forecast, Mexico, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Mexico, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Mexico, 2019–2021
  • Automotive: Unit Sales Forecast by Quarter, Paraguay, 2020–2022
  • Automotive: Unit Sales Forecast, Paraguay, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Paraguay, 2020–2021
  • Automotive: Unit Sales Forecast by Segment, Paraguay, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Peru, 2020–2022
  • Automotive: Sales by Top 10 OEMs, Peru, 2020–2021
  • Automotive: Unit Sales Forecast, Peru, 2020–2022
  • Automotive: Unit Sales Forecast by Segment, Peru, 2020–2022
  • Automotive: Unit Sales Forecast by Quarter, Puerto Rico, 2019–2021
  • Automotive: Sales by Top 10 OEMs, Puerto Rico, 2019–2020
  • Automotive: Unit Sales Forecast, Puerto Rico, 2019–2021
  • Automotive: Unit Sales Forecast by Segment, Puerto Rico, 2019–2021
  • Automotive: Unit Sales Forecast by Quarter, Uruguay, 2020–2022
  • Automotive: Sales by Top 10 OEMs & Segment, Uruguay, 2020–2021
  • Automotive: Unit Sales Forecast, Uruguay, 2020–2022
  • Automotive: Unit Sales Forecast by Segment, Uruguay, 2020–2022
  • Chinese OEM Penetration by Country, LATAM, 2021
  • Chinese OEM SWOT Analysis, LATAM, 2022
  • Automotive: ADAS Feature Landscape, LATAM, 2020–2025
  • Automotive: Infotainment Platform Roadmap, LATAM, 2019–2025
  • Automotive: Sales by Powertrain Type, LATAM, 2022
  • Automotive: Ride On-demand Services, LATAM, 2021
  • Automotive: Car-sharing Services, LATAM, 2021
  • Automotive: Shared Electric Scooters Services, LATAM, 2021
  • Automotive: Bike-sharing Initiatives, LATAM, 2021
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With 4.4 million units sold, the LATAM passenger vehicle market grew by 11.7% in 2021. The Chilean market had the biggest growth in the region, selling 60.6% more units than in 2020, going from 258.8 million units to 415.6 million units in a year. The Brazilian market, the biggest in the region, still has not reached pre-pandemic numbers. Chinese OEMs are slowly gaining their own space in the regional market. In this research service, Frost & Sullivan analyzes the PV market outlook for 2022. The market is expected to grow 7.6%. Estimates show that Uruguay will be the strongest, with a projected growth of 22.9%, followed by Mexico with an estimated growth of 12.3% and Ecuador with 9.7%. Some trends analyzed in the study are the rise of Chinese OEMs in the LATAM market and EVs in the region.--BEGIN PROMO--

Key Issues Addressed

  • What is the current status of the Latin American light vehicles market, and what is its forecast for 2022
  • How is the region recovering from the COVID-19 pandemic
  • Which are the key disruptive trends impacting the regional market
  • Which are the growth opportunities to be capitalized on
  • What is the status of EVs and Chinese OEMs in the LATAM market
More Information
Deliverable Type Market Outlook
Author Victoria Rinaldi
Industries Automotive
No Index No
Is Prebook No
List of Charts and Figures Historical Automotive Sales by Country, LATAM, 2012–2022~ Automotive Sales* by Country, LATAM, 2020, 2021, & 2022~ Automotive Sales Forecast by Quarter, LATAM, 2020–2022~ GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022~ Assumptions for Growth Scenarios, Global, 2022~ GDP Growth Rate, Select Economies, 2020–2022~ Macroeconomic Predictions and Scenario Outcomes, Global, 2022~ Regional Risks and Policy Direction, Global, 2022~ Automotive Sales by Country, LATAM, 2020, 2021, & 2022~ Automotive Sales Breakdown by Country, LATAM, 2020, 2021, & 2022~ Automotive Sales Forecast by Segment, LATAM, 2021–2022~ Percent Sales Forecast by Segment, LATAM, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Argentina, 2020–2022~ Automotive: Unit Sales Forecast, Argentina, 2020–2022~ Automotive: Sales by Top 10 OEMs, Argentina, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Argentina, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Brazil, 2020–2022~ Automotive: Unit Sales Forecast, Brazil, 2020–2022~ Automotive: Sales by Top 10 OEMs, Brazil, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Brazil, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Chile, 2020–2022~ Automotive: Unit Sales Forecast, Chile, 2020–2022~ Automotive: Sales by Top 10 OEMs, Chile, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Chile, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Colombia, 2020–2022~ Automotive: Unit Sales Forecast, Colombia, 2020–2022~ Automotive: Unit Sales Forecast by Segment, Colombia, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Ecuador, 2019–2021~ Automotive: Sales by Top 10 OEMs, Ecuador, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Ecuador, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Mexico, 2020–2022~ Automotive: Unit Sales Forecast, Mexico, 2020–2022~ Automotive: Sales by Top 10 OEMs, Mexico, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Mexico, 2019–2021~ Automotive: Unit Sales Forecast by Quarter, Paraguay, 2020–2022~ Automotive: Unit Sales Forecast, Paraguay, 2020–2022~ Automotive: Sales by Top 10 OEMs, Paraguay, 2020–2021~ Automotive: Unit Sales Forecast by Segment, Paraguay, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Peru, 2020–2022~ Automotive: Sales by Top 10 OEMs, Peru, 2020–2021~ Automotive: Unit Sales Forecast, Peru, 2020–2022~ Automotive: Unit Sales Forecast by Segment, Peru, 2020–2022~ Automotive: Unit Sales Forecast by Quarter, Puerto Rico, 2019–2021~ Automotive: Sales by Top 10 OEMs, Puerto Rico, 2019–2020~ Automotive: Unit Sales Forecast, Puerto Rico, 2019–2021~ Automotive: Unit Sales Forecast by Segment, Puerto Rico, 2019–2021~ Automotive: Unit Sales Forecast by Quarter, Uruguay, 2020–2022~ Automotive: Sales by Top 10 OEMs & Segment, Uruguay, 2020–2021~ Automotive: Unit Sales Forecast, Uruguay, 2020–2022~ Automotive: Unit Sales Forecast by Segment, Uruguay, 2020–2022~ Chinese OEM Penetration by Country, LATAM, 2021~ Chinese OEM SWOT Analysis, LATAM, 2022~ Automotive: ADAS Feature Landscape, LATAM, 2020–2025~ Automotive: Infotainment Platform Roadmap, LATAM, 2019–2025~ Automotive: Sales by Powertrain Type, LATAM, 2022~ Automotive: Ride On-demand Services, LATAM, 2021~ Automotive: Car-sharing Services, LATAM, 2021~ Automotive: Shared Electric Scooters Services, LATAM, 2021~ Automotive: Bike-sharing Initiatives, LATAM, 2021~
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WIP Number PCF8-01-00-00-00