DUBLIN, May 23, 2023 /PRNewswire/ — The “LATAM Automotive Growth Outlook 2023” report has been added to ResearchAndMarkets.com’s offering.
The industry is expected to grow by 2.4% in 2023.
This study covers trends including powertrain diversification, a rise in the number of SUVs, the penetration of Chinese OEMs, modifications in purchase processes, and local production of hybrid and electric vehicles. Toyota remains the key company in the region and the electrified vehicle (xEV) sector.
The Latin American automotive industry continues to grow, despite COVID-19, scarcity of resources and auto parts, the Russo-Ukrainian War, inflation, and exchange rates affecting vehicles’ availability and prices.
With 4.4 million units sold and a slow recovery from the pandemic, Latin American automotive expanded by 2.7% in 2022. Ecuador showed the most growth in the region, selling 16.8% more units than in 2021, going from almost 109,000 to more than 127,000 units. Meanwhile, Brazil, the largest sector, showed negative 0.1% growth, although it is expected to have positive growth in 2023.
Estimates show that Ecuador will continue experiencing the maximum growth in the region, with a projected growth of 12.5%, reaching more than 143,000 units. Argentina and Brazil follow, with estimated growth of 4.5% and 5.2%, respectively.
Key Topics Covered:
1. Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Automotive Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Environment
Key Findings: A Recap of 2022
Key Findings: Top 5 Predictions for 2023
Notable Regulations and Mandates: A Snapshot
Automotive Market by Country
3. 2023 Global Economic Outlook
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Market Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
4. Research Scope and Segmentation
Research Scope
Market Segmentation
5. Trends
Top Trends Driving the Latin American Automotive Industry
Trend 1: Powertrain Diversification
Trend 2: Chinese OEMs
Trend 3: Rise of SUVs
Trend 4: Changes in the Purchase Process
Trend 5: Local Production of Hybrid and Electric Vehicles
Service and Tech Roadmap
CASE Demand Matrix by Country
6. Market Measurement Analysis by Country (2023)
Automotive Sales by Country
Pricing Analysis
Segment Forecast
7. Automotive Analysis by Country
2022 Country Analysis: Argentina
2022 Country Analysis: Brazil
2022 Country Analysis: Chile
2022 Country Analysis: Colombia
2022 Country Analysis: Ecuador
2022 Country Analysis: Mexico
2022 Country Analysis: Peru
2022 Country Analysis: Uruguay
8. Growth Opportunity Universe
Growth Opportunity 1: Increased Offer of Electric Vehicles
Growth Opportunity 2: Regional Production of EV Auto Parts
Growth Opportunity 3: Digital and Contactless Sales Process
9. Conclusions
For more information about this report visit https://www.researchandmarkets.com/r/vp3tzr
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