Latin American Commercial Vehicle (CV) Market Report 2022-2026 & 2030: Low Entry Barriers for New Participants in the eLCV Space & Growing Demand for Last-mile Delivery to Drive Light Truck Growth

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Dublin, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The "Latin American Commercial Vehicle (CV) Growth Opportunities, Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

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.

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 Commercial Vehicles Industry

  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

  • 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

3. Growth Opportunity Analysis: Brazil

  • 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

4. Growth Opportunity Analysis: Mexico

  • 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

5. Growth Opportunity Analysis: Argentina

  • 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

6. Growth Opportunity Analysis: Peru

  • 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

7. Growth Opportunity Analysis: Chile

  • 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

8. Growth Opportunity Analysis: Colombia

  • 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

9. Total Cost of Ownership

  • TCO Analysis, LATAM: Assumptions

  • TCO Analysis, LATAM: Low Mileage

  • TCO Analysis, LATAM: Medium Mileage

  • TCO Analysis, LATAM: High Mileage

10. Growth Opportunity Universe

  • Growth Opportunity 1: Growing Demand for Last-mile Delivery to Drive Light-duty Truck Growth

  • Growth Opportunity 2 - Low Entry Barriers for New Participants in the eLCV Space

  • Growth Opportunity 3 - Ensuring Long-term Market Sustainability

11. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/8tarhk

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