South American Vehicle Production Market worth 5,760.79 Thousand Units by 2018 - New Report by MarketsandMarkets
(PRWEB) April 22, 2014 -- The report, “South American Automotive Production Outlook by Vehicle Type (Passenger Cars, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Others) and Key Country Level Markets (Brazil and Argentina) - Global Trends & Forecast to 2018”, defines and segments the South American automotive industry with analysis of major countries in the region, i.e. Brazil and Argentina and forecasts their volumes on the basis of vehicle type and fuel type.
Browse more than 34 market data tables with 20 figures spread through 144 pages and in-depth TOC on "South American Automotive Production Outlook - Global Trends & Forecast to 2018"
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Passenger Cars - Going Strong
The major automobile segment in the South American region is the passenger cars, which is growing at a significant rate compared to heavy-duty commercial vehicles (HCVs) and slightly lower than that of LCVs. The passenger cars segment is expected to grow to 4,063.80 thousand units by the year 2018. The country with the largest production of passenger cars is Brazil. This segment in the region is growing due to the ongoing trends such as increasing GDP and increase in demand from export countries. The passenger cars are also growing due to a rise in urbanization and other factors prevailing in the region.
Gasoline - Fuel for the Masses
The automobile industry in the Latin American region is dominated by original equipment manufacturers (OEMs) using gasoline as the most preferred fuel type. Gasoline accounts for a lion’s share of the total production of vehicles in the region. In terms of growth rate, the market for gasoline is expected to show a CAGR of 4.6% in the next five years. In Brazil, a law has been passed that passenger cars will not be made available in the diesel segment and all the diesel-dependant vehicles produced are for export purposes only.
The report covers vehicle production trends and analysis for the automobile industry in terms of units (thousand) across the South American region with special focus on Brazil and Argentina. The report also highlights qualitative trends identifying the market dynamics in the region. Apart from vehicle type segments, the South American automobile industry is also segmented by fuel type (gasoline; diesel, and other fuel types).
This report also shows an overview of the development aspects of the OEMs in automotive industry. It also covers the value chain, Porter’s five forces analysis, competitive landscape, and company profiles for major players in the market for automobile manufacturing industry
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