In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Plastic Industry lessons from Latin America to thrive in the EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data. During the year, production of motor vehicles in the region rose by 1.9% y/y, reaching an 8% share of global output. The Latin America automotive HVAC market is geographically segmented into four key regions which are, Argentina, Brazil, Mexico and Others. The CAR-T therapies market is projected to be worth around USD 14 Billion in 2030, claims Roots Analysis. The Latin America Automotive Electric Actuators Market is expected to register a CAGR of 6.3% during the forecast period, 2020-2025. The MarketWatch News Department was not involved in the creation of this content. The present study analyzes the Latin American automotive market growth forecast for 2019, which is expected to be around 5.72 million units to be commercialized in the region, representing a 4.3% growth from previous years sales volumes. Driving the automotive industry supply chain from start to finish. This is a list of notable automobile manufacturers with articles on Wikipedia by country. Building on the the industry knowledge and reach of Aftermarket International, we will be taking advantage of Miami as an international hub for the automotive aftermarkets to reach buyers in South Florida, the Caribbean and Latin America, said Max Jaramillo, Managing Director of Latin See below for a complete table of report contents: Email us at: Groupe PSA sales in the region reached 175,300 vehicles in 2018. We offer Automotive industry databases for every continent, in the following packages: Asia, Africa, Europe, North America, Latin America, the Caribbean and the Middle East. This report provides a complete and detailed analysis of the automotive sector forLatin America. The Group has also set up a specific competence centre on local biofuels and their combustion. GlobalAutoIndustry.coms latest Audio Interview, Ecommerce in Latin America: A New Business Channel in the Independent Aftermarket features Fernando Murguia. Statista dossier on the automotive industry in Latin America This dossier has been compiled to provide statistical information about the automotive industry in selected Latin American countries. The demand for automotive refinish is growing as disposable income of people in Latin America Latin America Automotive Industry Newswire. This was favoured by a rebound in domestic sales and the growing internationalisation of local carmakers operations. According to JATO Dynamics data and information shared by ANDEMOS Colombia, AAP Peru and AEADE Ecuador, 91,500 more units were sold than in Q1 2017, which represents a 7.1% increase. Based on season type, the all-season segment held the largest share in 2019, accounting for nearly 90% of the market. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. For more information about our personal data policy, see our legal notice and our cookies policy. The Latin American and Caribbean automotive tire market is segmented on the basis of season type, rim size, vehicle type, and channel. Latin America Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 Phone: +1-631-791-1145 Email: [email protected] The Latin America Automotive Electric Actuators Market is expected to register a CAGR of 6.3% during the forecast period, 2020-2025. The LCV industry in South America is growing at a significantly higher rate than that of passenger cars, but, passenger cars have the largest volume and are expected Indeed, slower growth in China and an expected increase in interest rates in the U.S. have combined to push down the prices of commodities, push up the dollar worldwide, and lessen the flow of capital to the region, The MarketWatch News Department was not involved in the creation of this content. However, the summer segment is estimated to register the highest CAGR of 4.2% from 2020 to 2027. It includes companies that are in business as well as defunct manufacturers. Share it . The Latin America Automotive Refinish market was valued at USD 835.3 Million in 2019 and is projected to reach USD 1,021.8 Million by 2027, expanding at a CAGR of 4.1% during the forecast period. Japan, Japan, Tue, 06 Apr 2021 05:23:39 / Comserve Inc. / -- sales growth target between 2016 and 2021, Groupe PSA, Europe's number-two automobile manufacturer. It is a subset of the list of automobile manufacturers for manufacturers based in South America. The present study analyzes the Latin American automotive market growth forecast for 2019, which is expected to be around 5.72 million units to be commercialized in the region, representing a 4.3% growth from previous years sales volumes. The study focuses on vehicle production, sales, foreign trade and best-selling brands in the largest automobile markets within the region. Understand the key elements at play in the automotive sector inLatin America, Access forecasts for growth in the sector, View key data on vehicle fleet, production, registrations and trade for the sector inLatin America, Crystallise the forces both driving and restraining this sector inLatin America, AscertainLatin Americas position in the global sector, Build a complete perspective on sector trade, investment and employment, Assess market share by type of vehicle and brand, Understand the competitive landscape and who the major players are, Gain an understanding of the regulatory environment for the sector inLatin America. On the one hand, key markets reached maximum automobile saturation also deemed peak car. The Latin American market offers a huge potential for the automotive industry, as present car ownership in the region is low and disposable incomes in the region are growing at a higher rate than in the Asia-Pacific region. Albrecht Ysenburg, KPMGs Leading Automotive Industry Partner in Mexico, says: COVID-19 can now change the technology development industrys focus to a more operational and survival approach, which in turn presents Mexico as a global production player with threats and opportunities. The automotive connectors market in Latin America is experiencing growth on account of the increasing sales of luxury cars and the rising trend of autonomous vehicles. Albrecht Ysenburg, KPMGs Leading Automotive Industry Partner in Mexico, says: COVID-19 can now change the technology development industrys focus to a more operational and survival approach, which in turn presents Mexico as a global Mexicos automotive industry is beginning to return to pre-pandemic production and export levels by coronavirus, while the auto parts industry improves its estimates by the end of 2020. The Latin America Automotive Refinish market was valued at USD 835.3 Million in 2019 and is projected to reach USD 1,021.8 Million by 2027, expanding at a CAGR of 4.1% during the forecast period. A recovery driven by a more pertinent business model. Industry experts and investors alike are keeping a keen eye on new ventures that are expected to redefine the concept of automobiles in the near future and thus, have the potential of disrupting the current picture of the big shots in the conventional automotive industry. Driving the automotive industry supply chain from start to finish. The American automobile industry began in the 1890s and rapidly evolved into the largest automotive producer in the World through the use of mass-production. In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Groupe PSA sales in the region reached 175,300 vehicles in 2018. The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. In addition to Groupe PSAs two plants, one in Brazil and the other in Argentina, there is also a design and R&D centre located in So Paulo and Porto Real (Brazil) and Palomar (Argentina). Demand for aftermarket auto parts and repair services in these three markets is increased due to aging vehicles (averaging 15.5 years for private and 22.5 years for commercial vehicles). By 2030 around a third of new cars will be electric or hydrogen-powered By 2030 around a third of new cars will be electric or hydrogen-powered Alongside other geo-political discussions, this study also presents the impacts of 2018-2019 USCMA new trade clauses, and the emergence of Chinese automotive OEMs in several Latin American markets. As a result, Latin America was the worlds second-fastest growing vehicle market in 2018, only after Africa, with a 6.3% share of the global new vehicle sales. Brazil automotive HVAC market is predominant in Latin America automotive HVAC market, followed by Mexico and Argentina. The working populati on of Mexico is estimated to be around 59 million people. See below for a description of these purposes and how your personal data is used by us and our partners. It is the leader in the manufacturing of passenger cars across the entire Latin American region. Plant Location meta description. We use cookies to give you the best browsing experience and provide you with more tailored information. We will not use your data without your consent. You can manage your preferences for each purpose individually. 3 Latin America Economic Outlook Executive summary An international economic environment long favorable to Latin America is fading. The industry began with hundreds of manufacturers, but by the end of the 1920s it became dominated by three large companies - General Motors , Ford and Chrysler . Foreign Investment in Latin America and the Caribbean, 1999, Santiago, Chile. The Automotive sector has changed in recent years, both at the level of manufacturers and at the level of Dealers and distribution networks. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin America continued to be a star performer. Plastic Industry lessons from Latin America to thrive in the midst of a Currently, the market for automotive electric actuators is primarily driven by rising automation and digitalization. The study focuses on vehicle production, sales, foreign trade and best-selling brands in the largest automobile markets within the region. Japan, Japan, Tue, 06 Apr 2021 05:23:39 / Comserve Inc. / -- Notably, they exported vehicles for the record high USD 86.9bn in 2018, 5.7% up y/y, mainly destined to countries in North America and Europe, but also to Africa and Asia. In a context of economic difficulties affecting some countries in the region and with an unfavourable impact on the exchange rate, the Groups priority is to make profitable its growth while maintaining strong positions: the objective is to double sales and triple profits between 2015 and 2021. Latin America Automotive Lead Acid Batteries Market By Type (VRLA, Flooded, Enhanced Flooded), By Application (LCVs/HCVs, Three Wheelers, Two Wheeler, Passenger Car), By Product (Micro Hybrid Batteries And SLI), By Customer (Aftermarket, OEM) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023) United Nations publication. The sales of automotive lead-acid batteries in Latin America is experiencing a boost on account of the improving purchasing power of consumers Need ongoing access to company, industry or country information? Moreover, the escalating demand for high-end infotainment and navigation systems is bolstering the market growth. Latin America Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 Phone: +1-631-791-1145 Email: [email protected] Build a clear picture of trends and issues for sub-sectors (passenger cars, heavy and commercial vehicles). Statista dossier on the automotive industry in Latin America This dossier has been compiled to provide statistical information about the automotive industry in selected Latin American countries. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin America continued to be a star performer. In a context of economic difficulties affecting some countries in the region and with an unfavourable impact on the exchange rate, the Groups priority is to make profitable its growth while maintaining strong positions: the objective is to double sales and triple profits between 2015 and 2021. Latin Americas Mobility Future is About Safety and Flexibility: Key Industry Transformations OEMs Must Embrace. Japan, Japan, Tue, 06 Apr 2021 05:11:46 / Comserve Inc. / -- The demand for automotive refinish is growing as Frost & Sullivans recent analysis, Latin America Passenger Vehicle Outlook 2019, covers the market performance and top transformative factors impacting the industry in 2019. On the domestic front, the acceleration of the Brazilian and Colombian economies coupled with recordhigh demand for vehicles in Chile, Ecuador, Bolivia and Paraguay boosted regional vehicle sales by2.8% y/y. Brazil Mexico has the largest automotive industry in Latin America. 2021 EMIS, an ISI Emerging Markets Group Company. All rights reserved. Mexico has been the bright spot among large Latin American economies for the automotive industry. Whilst the production and export figures are exciting, what is also fascinating is the possibility to harne ss the enormous working market in Mexico, something that has yet to be effectively accomplished. Published on 15:00 GMT. Get by Email RSS. The Latin American automotive industry recorded a healthy start to 2018, with sales totaling 1.39 million units in the nine largest markets in the region. Mexicos automotive industry is beginning to return to pre-pandemic production and export levels by coronavirus, while the auto parts industry improves its estimates by the end of 2020. Besaliel Botelho (source: Automotive Business) Besides being CEO of Robert Bosch Latin America since 1985, Mr. Botelho is a member of the business innovation movement, MEI, of national industry confederation CNI, and an executive board member of Brazils automotive components industry When you click a plant name on the map, you can get detailed information on its facilities. Alongside other geo-political discussions, this study also presents the impacts of 2018-2019 USCMA new trade clauses, and the emergence of Chinese automotive OEMs in several Latin American markets. One of the promising, but overlooked regions for U.S. automotive aftermarket parts exports is Latin America, particularly Peru, Guatemala and El Salvador. Currently, the market for automotive electric actuators is primarily driven by rising automation and digitalization. The MarketWatch News Department was not involved in the creation of this content. Consequently, they are extensively used in the automotive industry for the purpose of starting, lighting and ignition (SLI). Mr. Murguia, Managing Director Mexico / Regional Sales Director Central America and Latin American automotive aftermarket expert. The Economist Intelligence Unit's automotive service offers analysis, data and forecasts [email protected], If you have any questions, please contact. Masters Degree in the Automotive Industry Businesses Latin America. Target Leading Automotive Businesses Worldwide.
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