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Latin American Commercial Vehicle (CV) Growth Opportunities, Forecast to 2030
Latam Commercial Vehicles Market – Growth Opportunities, Analysis, Forecast, Latin America, 2022
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
Description
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
Table of Contents
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
Popular Topics
| 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 |
| Author | Saideep Sudhakar |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PC79-01-00-00-00 |