USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
5G Mobile Computing, Fixed Wireless Access And Iot Devices To Ensure Future Growth Potential Of North American Mobile Operators,Commercial Vehicle,Latin American Cv Market ,Commercial Vehicles Market
02-Nov-2022
Latin America
Market Research
PC79-01-00-00-00
AU02424-LA-MT_27040
Overall commercial vehicle (CV) units in Latin America (LATAM) are expected to reach 1.5 million units by 2030, growing at a compound annual growth rate (CAGR) of 3.4% between 2021 and 2030. Infrastructure investment, mining development and exports, multimodal transportation projects, and agro-based farm equipment manufacturing will drive industry growth in the coming decade. eCommerce growth will drive demand for the intercity transportation of various goods and urban distribution trucks. As the COVID-19 pandemic declined, global commodities markets recovered; demand outpaced supply and resulted in higher prices and exports in the region. These factors are expected to be the major drivers for commercial truck demand in the short and long terms.
Brazil and Mexico contribute 68% of LATAM's CV units; pickups dominate both countries and account for 69% of the region's LCV sales. Most countries in LATAM focus on renewable energy sources for the energy transition from fossil fuels; the electromobility strategy will also drive the growth of alternate powertrain vehicles. Companies are likely to leverage government support for electromobility to create common platforms for vehicles across different regions and quickly scale up operations to achieve maximum profitability.
European OEMs dominate the market and account for three-fifths of all CV sales in the region. Daimler, Traton, and Volvo, the top 3 sellers, account for two-thirds of the market share. Many Chinese OEMs, including Foton, SAIC, JAC, Changan, and Dongfeng, have established their presence in LATAM and are expected to compete aggressively against European OEMs in the coming years. Higher infrastructure spending and mining development and trade activities in the region are likely to be the major drivers for heavy-duty truck demand. The growing ecosystem of truck OEMs, bodybuilders, and fleets that will cater to this rising demand will have a positive impact on allied sectors.
Author: Saideep Sudhakar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Commercial Vehicles Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Metrics
Scope of Analysis
Segmentation
Main Forecast Criteria
Growth Drivers
Growth Restraints
Key Findings
Unit Sales by CV Segment and Region
Percent Unit Sales by CV Segment and Region
M&HD Truck OEM Sales Performance
LCV OEM Sales Performance
Percent Unit Sales by Powertrain Split: LCVs
Percent Unit Sales by Powertrain Split: M&HD Trucks
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
OEM Powertrain Technology Platforms
Emission Standards and xEV Incentives and Subsidies
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
OEM Powertrain Technology Platforms
Emission Standards and xEV Incentives and Subsidies
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
OEM Powertrain Technology Platforms
Emission Standards and xEV Incentives and Subsidies
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
Emission Standards and xEV Incentives and Subsidies
OEM Powertrain Technology Platforms
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
OEM Powertrain Technology Platforms
Emission Standards and xEV Incentives and Subsidies
Growth Metrics
Key Regional Trends, 2021
Unit Sales Forecast by CV Segment
Forecast Analysis
Percent Unit Sales by Powertrain and CV Segment
OEM Market Share by CV Segment
Percent Unit Sales Forecast by Powertrain and CV Segment
OEM Powertrain Technology Platforms
Emission Standards and xEV Incentives and Subsidies
TCO Analysis, LATAM: Assumptions
TCO Analysis, LATAM: Low Mileage
TCO Analysis, LATAM: Medium Mileage
TCO Analysis, LATAM: High Mileage
Growth Opportunity 1: Growing Demand for Last-mile Delivery to Drive Light-duty Truck Growth
Growth Opportunity 1: Growing Demand for Last-mile Delivery to Drive Light-duty Truck Growth (continued)
Growth Opportunity 2—Low Entry Barriers for New Participants in the eLCV Space
Growth Opportunity 2—Low Entry Barriers for New Participants in the eLCV Space (continued)
Growth Opportunity 3—Ensuring Long-term Market Sustainability
Growth Opportunity 3—Ensuring Long-term Market Sustainability (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Commercial Vehicles: Growth Metrics, LATAM, 2021
- Commercial Vehicles: Growth Drivers, LATAM, 2022–2030
- Commercial Vehicles: Growth Restraints, LATAM, 2022–2030
- Commercial Vehicles: Unit Sales by CV Segment and Region, LATAM, 2021
- Commercial Vehicles: Percent Unit Sales by CV Segment and Region, LATAM, 2021
- M&HD Trucks: OEM Sales Performance, LATAM, 2021
- LCVs: OEM Sales Performance, LATAM, 2021
- LCVs: Percent Unit Sales by Powertrain Split, LATAM, 2021
- M&HD Trucks: Percent Unit Sales by Powertrain Split, LATAM, 2021
- Commercial Vehicles: Growth Metrics, Brazil, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Brazil, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Brazil, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Brazil, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Brazil, 2030
- Commercial Vehicles: OEM Powertrain Technology Platforms, Brazil, 2020–2026
- Commercial Vehicles: Emission Standards, Brazil , 2010–2025
- Commercial Vehicles: Growth Metrics, Mexico, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Mexico, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Mexico, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Mexico, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Mexico, 2030
- Commercial Vehicles: OEM Powertrain Technology Platforms, Mexico, 2020–2026
- Commercial Vehicles: Emission Standards, Mexico, 2010–2025
- Commercial Vehicles: Growth Metrics, Argentina, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Argentina, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Argentina, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Argentina, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Argentina, 2030
- Commercial Vehicles: OEM Powertrain Technology Platforms, Argentina, 2020–2026
- Commercial Vehicles: Emission Standards, Argentina, 2010–2025
- Commercial Vehicles: Growth Metrics, Peru, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Peru, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Peru, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Peru, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Peru, 2030
- Commercial Vehicles: Emission Standards, Peru, 2010–2025
- Commercial Vehicles: OEM Powertrain Technology Platforms, Peru, 2020–2026
- Commercial Vehicles: Growth Metrics, Chile, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Chile, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Chile, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Chile, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Chile, 2030
- Commercial Vehicles: OEM Powertrain Technology Platforms, Chile, 2020–2026
- Commercial Vehicles: Emission Standards, Chile, 2010–2025
- Commercial Vehicles: Growth Metrics, Colombia, 2021
- Commercial Vehicles: Unit Sales Forecast by CV Segment, Colombia, 2019–2030
- Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Colombia, 2021
- Commercial Vehicles: OEM Market Share by CV Segment, Colombia, 2021
- Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Colombia, 2030
- Commercial Vehicles: OEM Powertrain Technology Platforms, Colombia, 2020–2026
- Commercial Vehicles: Emission Standards, Colombia, 2010–2025
- eLCVs: TCO Analysis Assumptions, LATAM, 2020–2031
- eLCVs: TCO Analysis—Low Mileage, LATAM, 2020–2031
- eLCVs: TCO Analysis—Medium Mileage, LATAM, 2020–2031
- eLCVs: TCO Analysis—High Mileage, LATAM, 2020–2031
Speak directly with our analytics experts for tailored recommendations.
Recent related Automotive research
06 Oct 2026 | Asia Pacific | Market Research
Aftermarket Replacement Turbochargers in Medium- Duty and Heavy-Duty Commercial Vehicles, China, 2026–2032
China's medium- and heavy-duty truck turbocharger aftermarket is entering a mature yet resilient phase, supported by a vehicle parc exceeding 10 million units and sustained replacement demand despite increasing battery electric vehicle (BEV) sales. While turbocharger penetration is nearing saturatio...
25 Sep 2026 | Global | Technology Research
Growth Opportunities in Next-Gen Wireless EV charging, Automotive Grade IoT module, Autonomous driving, E-bike Platform, UAVs, and 4D Radars
The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to EV charging, Automotive Grade IoT module, Autonomous driving, E-bike Platform, UAVs, and 4D Radars.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled gro...
22 Sep 2026 | Global | Market Research
Growth Opportunities in the Global EV Power Electronics Market, 2025–2032
The rapid push toward e-mobility is accelerating adoption of advanced power electronics by major OEMs. Power electronics underpin electric vehicle reliability, efficiency, and performance. Core systems, including traction inverters, onboard chargers, and DC-DC converters, are gaining strategic impor...
16 Sep 2026 | North America | Customer Research
US Automotive Technicians’ Choice Survey, 2025
The 2025 US Automotive Technicians’ Choice study is an insightful voice-of-customer survey that highlights the tool preferences of automotive aftermarket service technicians. The survey of 400 automotive technicians across the United States used a combination of computer-assisted telephone and compu...
10 Sep 2026 | Global | Market Research
Global Robobus Market, 2026–2032
The global robobus market is at an inflection point. Large autonomous buses are no longer a concept—they are running as paid public services in China, South Korea, Norway, Switzerland, Finland, and the Netherlands. Europe is in its first wave of real deployment, with active L4 commercial service acr...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| New Title | Latam Commercial Vehicles Market – Growth Opportunities, Analysis, Forecast, Latin America, 2022 |
|---|---|
| New Subtitle | 5G Mobile Computing, Fixed Wireless Access And Iot Devices To Ensure Future Growth Potential Of North American Mobile Operators,Commercial Vehicle,Latin American Cv Market ,Commercial Vehicles Market |
| Deliverable Type | Market Research |
| Author | Saideep Sudhakar |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | Commercial Vehicles: Growth Metrics, LATAM, 2021~ Commercial Vehicles: Growth Drivers, LATAM, 2022–2030~ Commercial Vehicles: Growth Restraints, LATAM, 2022–2030~ Commercial Vehicles: Unit Sales by CV Segment and Region, LATAM, 2021~ Commercial Vehicles: Percent Unit Sales by CV Segment and Region, LATAM, 2021~ M&HD Trucks: OEM Sales Performance, LATAM, 2021~ LCVs: OEM Sales Performance, LATAM, 2021~ LCVs: Percent Unit Sales by Powertrain Split, LATAM, 2021~ M&HD Trucks: Percent Unit Sales by Powertrain Split, LATAM, 2021~ Commercial Vehicles: Growth Metrics, Brazil, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Brazil, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Brazil, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Brazil, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Brazil, 2030~ Commercial Vehicles: OEM Powertrain Technology Platforms, Brazil, 2020–2026~ Commercial Vehicles: Emission Standards, Brazil , 2010–2025~ Commercial Vehicles: Growth Metrics, Mexico, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Mexico, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Mexico, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Mexico, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Mexico, 2030~ Commercial Vehicles: OEM Powertrain Technology Platforms, Mexico, 2020–2026~ Commercial Vehicles: Emission Standards, Mexico, 2010–2025~ Commercial Vehicles: Growth Metrics, Argentina, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Argentina, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Argentina, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Argentina, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Argentina, 2030~ Commercial Vehicles: OEM Powertrain Technology Platforms, Argentina, 2020–2026~ Commercial Vehicles: Emission Standards, Argentina, 2010–2025~ Commercial Vehicles: Growth Metrics, Peru, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Peru, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Peru, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Peru, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Peru, 2030~ Commercial Vehicles: Emission Standards, Peru, 2010–2025~ Commercial Vehicles: OEM Powertrain Technology Platforms, Peru, 2020–2026~ Commercial Vehicles: Growth Metrics, Chile, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Chile, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Chile, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Chile, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Chile, 2030~ Commercial Vehicles: OEM Powertrain Technology Platforms, Chile, 2020–2026~ Commercial Vehicles: Emission Standards, Chile, 2010–2025~ Commercial Vehicles: Growth Metrics, Colombia, 2021~ Commercial Vehicles: Unit Sales Forecast by CV Segment, Colombia, 2019–2030~ Commercial Vehicles: Percent Unit Sales by Powertrain and CV Segment, Colombia, 2021~ Commercial Vehicles: OEM Market Share by CV Segment, Colombia, 2021~ Commercial Vehicles: Percent Unit Sales Forecast by Powertrain and CV Segment, Colombia, 2030~ Commercial Vehicles: OEM Powertrain Technology Platforms, Colombia, 2020–2026~ Commercial Vehicles: Emission Standards, Colombia, 2010–2025~ eLCVs: TCO Analysis Assumptions, LATAM, 2020–2031~ eLCVs: TCO Analysis—Low Mileage, LATAM, 2020–2031~ eLCVs: TCO Analysis—Medium Mileage, LATAM, 2020–2031~ eLCVs: TCO Analysis—High Mileage, LATAM, 2020–2031~ |
| Podcast | No |
| WIP Number | PC79-01-00-00-00 |
Latin American Commercial Vehicle (CV) Growth Opportunities, Forecast to 2030
$4,950.00
Special Price $3,712.50 save 25 %