DUBLIN, IRELAND -- (Marketwired) -- Research and Markets (http://www.researchandmarkets.com/research/w7l66z/south_american) has announced the addition of the "South American Automotive Production Outlook to 2018: Passenger Cars, LCV, and HCV Breakdown" report to their offering.
The South American automobile industry can be sub-segmented on the basis of two types: vehicle type (passenger cars, light-duty commercial vehicles (LCVs), and heavy-duty commercial vehicles (HCVs)) and fuel types (gasoline, diesel, and others). During the course of time the South American automotive production market has matured and grown due to different reasons such as the fast-growing FDIs, cheap labor, and increasing GDP. The region is also an attractive emerging market for all the original equipment manufacturers (OEMs) because of the rising vehicle demand in countries such as Brazil and Argentina. The vehicle industry has been showing continuous technological advancements mainly in different powertrain segments.
The key driver which is responsible for driving the growth of the automobile industry in the Latin American region is the fast economic recovery of the region after the global financial crisis. Brazil's economy was able to return to positive growth within two quarters. With the rise in the region's economic growth, it has become a promising market for the OEMs to invest in. Another reason for this continuous growth is the trade agreements signed between the countries in this region and also with other foreign countries. For instance, one of the major trade agreements is MERCOSUR trade agreement signed between Argentina, Brazil, Paraguay, and Uruguay and another is the South American Free Trade Agreement (SAFTA) which is signed between the major countries of South America. All these factors have put the automobile industry in the South American region on a promising growth track.
The major vehicle-producing nation in the South American region is Brazil, which is growing at a CAGR of 5.0%. This growth in South American automotive production can mainly be attributed to the growth in demand of passenger cars and light-duty commercial vehicles, respectively in the domestic as well as export markets. Brazil is followed by Argentina, which is growing at a much faster rate than that of other countries combined.
The key automobile manufacturers in the South American region are identified as, Fiat Chrysler Automobiles, Volkswagen AG, Ford Motor Co., PSA, and Renault. These companies collectively account for a major share of the complete automobile market.
South American automotive production report covers the vehicle production which is segmented based on Vehicle Type (passenger cars, LCVs and HCVs) and Fuel Type (Gasoline, Diesel, and other fuel types), with focus on Brazil and Argentina. And also the report provides qualitative insights into the market. All the production estimates given are in terms of volume (thousand units).
Scope Vehicle Type - Passenger Cars - LCV - HCV Fuel Type - Gasoline - Diesel - Others Key Country Level Markets - Brazil - Argentina Key Topics Covered: 1. Introduction 2. Executive Summary 3. Market Overview 4. South American Light Commercial Vehicles Market, By Country & Fuel Type By Country & Fuel Type 5. South American Light Commercial Vehicles Market, By Country & Fuel Type 6. South American Heavy Commercial Vehicles Market, By Country & Fuel Type 7. Engine Production Scenario 8. Competitive Landscape & Strategies 9. Company Profiles - BMW Ag - Daimler Ag - Fiat S.P.A. - Ford Motor Co. - General Motors Co. - Honda Motor Co. - Hyundai Motor Co. - Peugeot S.A. - Renault S.A. - Toyota Motor Co. - Volkswagen Ag
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