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Analysis of Select LATAM Commercial Vehicle Markets

Analysis of Select LATAM Commercial Vehicle Markets

Executive Summary—Key Findings

Commercial vehicle (CV) sales of select Latin American (LATAM) markets will likely surpass 􂀀 units by 2022.

Total CV Market: Key Takeaways, LATAM, 2014

In 2014, CV sales of select LATAM markets witnessed a year-over-year (YOY) decline of 􂀀%, with an overall combined sales volume of 􂀀 units. All selected countries witnessed a decline in sales: Argentina at 􂀀%, Brazil at 􂀀%, Mexico at 􂀀%, Chile at 􂀀%, and Peru at 􂀀%.

European and US original equipment manufacturers (OEM) will continue their dominance in the market. The current market share of all European OEMs in LATAM is􂀀%. US OEMs have a market share of 􂀀%, followed by Japanese OEMs with a market share of 􂀀%. Chinese OEMs, however, are paving the road into select LATAM markets with price competitive product offerings, accounting for a market share of 􂀀%.

Heavy-duty trucks (HDT) are the largest key contributors to the CV market in Argentina, Brazil, Chile, and Peru because of key contributing industries such as mining, agriculture, oil and gas (O&G), and infrastructure that demand HDTs for cargo transportation. Light commercial vehicles (LCV) dominate in Mexico because of high urbanization trends and traffic congestion that do not permit HDTs to circulate in large cities.

HDTs and medium commercial vehicles (MCV) will witness higher growth rates because of current and future infrastructure planning and development projects and growth in sectors such as construction and agriculture that would harness the use of HDTs.

Diesel fuel is set to continue as the preferred fuel type in select LATAM markets because of price and availability; however, alternative fuels such as natural gas (NG) and ethanol will grow in market participation, mainly in Argentina, Peru, and Brazil.

About this report

The Latin American commercial vehicle (CV) market is declining, primarily attributed to economic conditions in most countries of the region and a downturn in international commodity prices that negatively impact the regional CV markets, especially if they depend on growth in the mining, oil and gas, retail, and construction industries. Market recovery is expected by 2022 because of gross domestic product growth, investments in infrastructure, and the recovery of the mining and oil and gas industries in the region. This study analyses the light, medium, and heavy CVs in select Latin American markets; future growth; technological and regulation trends; drivers and restraints; and market shares of original equipment manufacturers.


  • Executive Summary
    • Executive Summary-Key Findings
    • Executive Summary-Market Engineering Measurements
    • Executive Summary-Total Market Unit Shipment Forecast
    • Executive Summary-Competitive Environment
    • Executive Summary-Market Unit Share Analysis
    • Executive Summary-Competitive Positioning of Key Industry Participants
    • Executive Summary-Powertrain Mix by Fuel Type
    • Executive Summary-Key Findings and Future Outlook
  • Research Scope, Objectives, Background, and Methodology
    • Research Scope
      • Table Total CV Market: Unit Shipment Forecast, LATAM, 2013-2022
    • Research Aim and Objectives
    • Key Questions this Study will Answer
    • Research Background
    • Research Methodology
    • Key OEMs Compared in this Study
  • Definitions and Segmentation
    • Vehicle Segmentation, Definitions, and Classifications
    • Applications of CVs by Fleet Type
  • Mega Trends and Industry Convergence Implications
    • Impact of Top Mega Trends on the CV Market
    • Other Major Global CV Mega Trends
  • Market Overview
    • Market Overview-Market Trends
    • Market Overview-Technology Trends
    • Market Overview-Comparative Analysis by Region and Segment
    • Market Overview-Engine Size Forecast
    • Market Overview-CV Age Analysis
    • Market Overview-Emission and Fuel Economy Targets
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
    • Total CV Market-SWOT Analysis
  • Market Analysis-Total CV Market
    • Unit Sales Forecast in LATAM
      • Table Total CV Market: Unit Sales Forecast, LATAM, 2013-2022
    • Total CV Market-Sales Volume
    • Popular Selling LCV-Mercedes-Benz Sprinter
    • Popular MCV Truck-VW Constellation: 13.180/13.190
    • Popular HDT Truck-MAN TGX Family
  • Forecasts and Trends-Total CV Market
    • Market Engineering Measurements
      • Table Total CV Market: Market Engineering Measurements, LATAM, 2014
    • LCV Segment-Unit Sales Forecast Analysis
      • Table Total CV Market: LCV Unit Sales Forecast Analysis, LATAM, 2013-2022
    • MCV Segment-Unit Sales Forecast Analysis
      • Table Total CV Market: MCV Unit Sales Forecast Analysis, LATAM, 2013-2022
    • HDT Segment-Unit Sales Forecast Analysis
      • Table Total CV Market: HDT Unit Sales Forecast Analysis, LATAM, 2013-2022
  • Forecasts and Trends-Argentina CV Market
    • Market Engineering Measurements
      • Table CV Market: Market Engineering Measurements, Argentina, 2014
    • Argentina CV Market-Country Overview
    • Argentina CV Market-Base Year Market Dynamics
    • Argentina CV Market-Key Expected Market Dynamics to 2022
    • Argentina CV Market-Emissions and Safety Regulations
    • Argentina CV Market-OEM Manufacturing Facilities
    • Argentina CV Market-Market Unit Share by Fuel Type
    • Argentina CV Market-Vehicle Fleet Type and Size
    • Argentina CV Market-Unit Shipment Analysis
      • Table CV Market: Unit Shipment Analysis, Argentina, 2013-2022
    • Argentina CV Market-Argentina Market Share by Unit Sales
    • Argentina CV Market-Unit Shipment Forecast
    • Argentina CV Market-Top Findings
  • Forecasts and Trends-Brazil CV Market
    • Market Engineering Measurements
      • Table CV Market: Market Engineering Measurements, Brazil, 2014
    • Brazil CV Market-Country Overview
    • Brazil CV Market-Base Year Market Dynamics
    • Brazil CV Market-Key Expected Market Dynamics to 2022
    • Brazil CV Market-Emissions and Safety Regulations
    • Brazil CV Market-OEM Manufacturing Facilities
    • Brazil CV Market-OEMs Future Investments
      • Table CV Market: New OEM Market Entries, Brazil, 2014-2022
    • Brazil CV Market-Market Unit Share by Fuel Type
    • Brazil CV Market-Vehicle Fleet Type and Size
    • Brazil CV Market-Unit Shipment Analysis
      • Table CV Market: Unit Shipment Analysis, Brazil, 2013-2022
    • Brazil CV Market-Unit Shipment Analysis
    • Brazil CV Market-Market Share Analysis by Unit Sales
    • Brazil CV Market-Unit Shipment Forecast
    • Brazil CV Market-Top Findings
  • Forecasts and Trends-Chile CV Market
    • Market Engineering Measurements
      • Table CV Market: Market Engineering Measurements, Chile, 2014
    • Chile CV Market-Country Overview and Base Year Market Dynamics
    • Chile CV Market-Key Expected Market Dynamics to 2022
    • Chile CV Market-Emissions and Safety Regulations
    • Chile CV Market-Market Unit Share by Fuel Type
    • Chile CV Market-Vehicles Fleet Type and Size
    • Chile CV Market-Unit Shipment Analysis
      • Table CV Market: Unit Shipment Analysis, Chile, 2013-2022
    • Chile CV Market-Market Share Analysis by Unit Sales
    • Chile CV Market-Unit Shipment Forecast
    • Chile CV Market-Top Findings
  • Forecasts and Trends-Mexico CV Market
    • Market Engineering Measurements
      • Table CV Market: Market Engineering Measurements, Mexico, 2014
    • Mexico CV Market-Country Overview and Base Year Market Dynamics
    • Mexico CV Market-Key Expected Market Dynamics to 2022
    • Mexico CV Market-Emissions and Safety Regulations
    • Mexico CV Market-OEM Manufacturing Facilities
    • Mexico CV Market-OEMs' Future Investments
      • Table CV Market: New OEM Market Entries, Mexico, 2014-2022
    • Mexico CV Market-Market Unit Share by Fuel Type
    • Mexico CV Market-Vehicles Fleet Type and Size
    • Mexico CV Market-Unit Shipment Analysis
      • Table CV Market: Unit Shipment Analysis, Mexico, 2013-2022
    • Mexico CV Market-Unit Shipment Analysis
    • Mexico CV Market-Market Share Analysis by Unit Sales
    • Mexico CV Market-Unit Shipment Forecast
    • Mexico CV Market-Top Findings
  • Forecasts and Trends-Peru CV Market
    • Market Engineering Measurements
      • Table CV Market: Market Engineering Measurements, Peru, 2014
    • Peru CV Market-Country Overview
    • Peru CV Market-Base Year Market Dynamics
    • Peru CV Market-Key Expected Market Dynamics to 2022
    • Peru CV Market-Emissions and Safety Regulations
    • Peru CV Market-Market Unit Share by Fuel Type
    • Peru CV Market-Vehicle Fleet Type and Size
    • Peru CV Market-Unit Shipment Analysis
      • Table CV Market: Unit Shipment Analysis, Peru, 2013-2022
    • Peru CV Market-Market Share Analysis by Unit Sales
    • Peru CV Market-Unit Shipment Forecast
    • Peru CV Market-Top Findings
  • Conclusions and Future Outlook
    • Key Conclusions and Future Outlook-Argentina
    • Key Conclusions and Future Outlook-Brazil
    • Key Conclusions and Future Outlook-Chile
    • Key Conclusions and Future Outlook-Mexico
    • Key Conclusions and Future Outlook-Peru
    • The Last Word-3 Big Predictions
  • Appendix
    • Table of Acronyms Used
    • Market Engineering Methodology

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