LATAM Bus Market, Forecast to 2030

LATAM Bus Market, Forecast to 2030

Well established municipal sustainable development goals and electromobility laws will proliferate the alternate powertrain bus market across LATAM countries.

Expected RELEASE DATE
30-Nov-2022
REGION
Latin America
Research Code: PDD7-01-00-00-00
SKU: AU02430-LA-MT_27080

$4,950.00

Special Price $4,455.00 save 10 %

In stock
SKU
AU02430-LA-MT_27080

$4,950.00

$4,455.00save 10 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The overall commercial vehicle volume in LATAM including 6 countries Brazil, Mexico, Argentina , Chile , Colombia and Peru is expected to reach 50,540units by 2030, growing at a CAGR of 7.7% between 2021 and 2030. Fleet renewal , Electromobility laws , will drive the growth in the coming decade The markets suffered during the pandemic but there has been revival in the passenger transportation. The implementation of stricter emission regulations in the next few years across different countries will provide opportunity to replace older fleets with cleaner bus including natural gas and battery electric. The type of alternate powertrain which is prioritized varies across different countries depending on oil imports, natural gas reserves , well established funding and bus operation model, electromobility laws and focus on hydrogen. Brazil and Mexico contribute to 71.1% of the region’s CV volumes. Most countries in the region are focusing on renewable energy sources for energy transition from fossil fuels and electromobility strategy in place to drive the growth of alternate powertrain vehicles. Chinese companies have early mover advantage in electrification of public transportation in Latin America Though the bus market is dominated by European OEMs that make up three-fourth of all commercial vehicle sales in the region. Daimler, Traton , and Agrale the top 3 sellers alone contribute to two-thirds of the market. Many Chinese OEMs, such as Foton, Sunwin, Yutong, BYD , Zhongtong, Kinglong have already established their presence in the region and are expected to compete aggressively against European OEMs in the coming years. Major cities across different countries in Latin America have set goals to replace public passenger transport fleet with electric fleet. The separation of asset ownership and operation (battery, bodywork, electric bus, maintenance, etc.) and other financing models (e.g. leasing) are necessary to be enable renewal of fleet of urban transportation buses .The growing ecosystem of truck OEMs, bodybuilders, and fleets that will cater to this rising demand will have a positive impact in allied sectors

The overall commercial vehicle volume in LATAM including 6 countries Brazil, Mexico, Argentina , Chile , Colombia and Peru is expected to reach 50,540units by 2030, growing at a CAGR of 7.7% between 2021 and 2030. Fleet renewal , Electromobility laws , will drive the growth in the coming decade The markets suffered during the pandemic but there has been revival in the passenger transportation. The implementation of stricter emission regulations in the next few years across different countries will provide opportunity to replace older fleets with cleaner bus including natural gas and battery electric. The type of alternate powertrain which is prioritized varies across different countries depending on oil imports, natural gas reserves , well established funding and bus operation model, electromobility laws and focus on hydrogen. Brazil and Mexico contribute to 71.1% of the region’s CV volumes. Most countries in the region are focusing on renewable energy sources for energy transition from fossil fuels and electromobility strategy in place to drive the growth of alternate powertrain vehicles. Chinese companies have early mover advantage in electrification of public transportation in Latin America Though the bus market is dominated by European OEMs that make up three-fourth of all commercial vehicle sales in the region. Daimler, Traton , and Agrale the top 3 sellers alone contribute to two-thirds of the market. Many Chinese OEMs, such as Foton, Sunwin, Yutong, BYD , Zhongtong, Kinglong have already established their presence in the region and are expected to compete aggressively against European OEMs in the coming years. Major cities across different countries in Latin America have set goals to replace public passenger transport fleet with electric fleet. The separation of asset ownership and operation (battery, bodywork, electric bus, maintenance, etc.) and other financing models (e.g. leasing) are necessary to be enable renewal of fleet of urban transportation buses .The growing ecosystem of truck OEMs, bodybuilders, and fleets that will cater to this rising demand will have a positive impact in allied sectors
More Information
Industries Automotive
No Index No
Is Prebook Yes
Podcast No
WIP Number PDD7-01-00-00-00