The Peru automotive market size is projected to grow at a CAGR of 2.60% between 2025 and 2034. The market is being driven by the rising demand for SUVs in Peru.
Chinese companies occupy nearly 20% of the Peru automotive market share. Companies like Changan, which provide an extensive range of SUVs at affordable prices, enjoy high consumer appeal, recording a 64.5% y-o-y growth in 2023.
The increasing demand for SUVs in Peru is driven by their excellent off-road capabilities and their spacious interior designs, which allow a comfortable driving experience for the passenger. Moreover, they allow a highly commanding view to the driver, which minimises the risk of accidents on the road. They also come loaded with advanced technological features which enhance the in-cabin driving experience. Over the forecast period, improvements in vehicle technology are expected to accelerate the Peru automotive market expansion.
Sustainability is one of the key trends shaping the Peru automotive market outlook favourably. According to the Air Quality Life Index (AQLI), vehicular emissions are a major source of air pollution in Peru (58%). As new government policies emphasise the shift towards electric vehicles, ageing cars are expected to be scrapped and the establishment of large-scale EV charging infrastructure is expected to facilitate the Peru automotive market growth. As per the Peruvian Automotive Association’s National Electromobility Plan, the national coverage of electric vehicles in Peru is expected to reach 8.5% by 2030, which is creating a favourable outlook for the Peru automotive market.
Market Segmentation
Peru Automotive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Vehicle Type
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Market Breakup by Engine Type
Hybrid And Electric Vehicles _x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Hybrid And Electric Vehicles _x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_
Internal Combustion Engine Vehicle _x000D_
_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Internal Combustion Engine Vehicle _x000D_
_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_
Competitive Landscape
The key Peru automotive market players are:
Toyota Motor Corp.
Volkswagen AG
BMW AG
General Motors Company (Chevrolet)
Mercedes-Benz Group AG
Honda Motor Co. Ltd.
Volvo AB
Nissan Motor Co. Ltd.
Hyundai Motor Company
KIA Corp.
Suzuki Motor Corporation
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Automotive Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Automotive Historical Market (2018-2024)
- 5.3 Latin America Automotive Market Forecast (2025-2034)
- 5.4 Latin America Automotive Market Breakup by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Peru
- 5.4.5 Others
- 6 Peru Automotive Market Overview
- 6.1 Key Industry Highlights
- 6.2 Peru Automotive Historical Market (2018-2024)
- 6.3 Peru Automotive Market Forecast (2025-2034)
- 7 Peru Automotive Market by Vehicle Type
- 7.1 Hatchback
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Multi-purpose Vehicle
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Sedan
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Sports Utility Vehicle
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 8 Peru Automotive Market by Engine Type
- 8.1 Hybrid And Electric Vehicles
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.1.3 Breakup by Type
- 8.1.3.1 BEV
- 8.1.3.2 FCEV
- 8.1.3.3 HEV
- 8.1.3.4 PHEV
- 8.2 Internal Combustion Engine Vehicle
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.2.3 Breakup by Type
- 8.2.3.1 CNG
- 8.2.3.2 Diesel
- 8.2.3.3 Gasoline
- 8.2.3.4 LPG
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyers Powers
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 Toyota Motor Corp.
- 10.5.1.1 Company Overview
- 10.5.1.2 Product Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 Volkswagen AG
- 10.5.2.1 Company Overview
- 10.5.2.2 Product Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 BMW AG
- 10.5.3.1 Company Overview
- 10.5.3.2 Product Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 General Motors Company (Chevrolet)
- 10.5.4.1 Company Overview
- 10.5.4.2 Product Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Mercedes-Benz Group AG
- 10.5.5.1 Company Overview
- 10.5.5.2 Product Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 Honda Motor Co. Ltd.
- 10.5.6.1 Company Overview
- 10.5.6.2 Product Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 Volvo AB
- 10.5.7.1 Company Overview
- 10.5.7.2 Product Portfolio
- 10.5.7.3 Demographic Reach and Achievements
- 10.5.7.4 Certifications
- 10.5.8 Nissan Motor Co. Ltd.
- 10.5.8.1 Company Overview
- 10.5.8.2 Product Portfolio
- 10.5.8.3 Demographic Reach and Achievements
- 10.5.8.4 Certifications
- 10.5.9 Hyundai Motor Company
- 10.5.9.1 Company Overview
- 10.5.9.2 Product Portfolio
- 10.5.9.3 Demographic Reach and Achievements
- 10.5.9.4 Certifications
- 10.5.10 KIA Corp.
- 10.5.10.1 Company Overview
- 10.5.10.2 Product Portfolio
- 10.5.10.3 Demographic Reach and Achievements
- 10.5.10.4 Certifications
- 10.5.11 Suzuki Motor Corporation
- 10.5.11.1 Company Overview
- 10.5.11.2 Product Portfolio
- 10.5.11.3 Demographic Reach and Achievements
- 10.5.11.4 Certifications
- 10.5.12 Others
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