Reports
Sale
Bolivia Automotive Market Size, Share, Growth, Forecast: By Vehicle Type: Hatchback, Multi-purpose Vehicle, Sedan, Sports Utility Vehicle; By Engine Type: Hybrid and Electric Vehicles, Internal Combustion Engine Vehicle; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Bolivia Automotive Market Outlook
The Bolivia automotive market size is projected to expand at a CAGR of 8.30% between 2024 and 2032.
Key Takeaways
- In 2021, imports of passenger and other vehicle types, along with spare parts and accessories, constituted 11.5% of the total import value, marking a 20% growth compared to the previous year.
- The Bolivian government is encouraging the adoption of electric vehicles through the implementation of tax incentives, which is expected to boost the Bolivia automotive market growth.
- The U.S. based businesses can export new vehicles in Bolivia as a result of the increasing demand for modern vehicle fleet, along with vehicle-related services, including maintenance, and spare parts for existing or old models.
The automotive sector in Bolivia is experiencing a surge in activity as a result of rising passenger car sales, favourable government incentives, and a growing interest in electric vehicles. The uptick in vehicle imports as a result of the supportive regulatory environment, such as the 2022 law that allows private citizens to directly import new vehicles, is paving the way for fairer prices and lucrative prospects for market expansion.
Cars rank among the most sought-after commodities in the area. The escalating urban population and inclination towards cost-effective and efficient transportation alternatives are driving the demand for private mobility solutions in the region, including passenger and compact cars.
The Bolivia automotive market share is positively influenced by the rise in demand for electric vehicles, which is the result of increasing environmental consciousness and the government's efforts to support EV adoption through incentives or tax rebates.
The Bolivian government has implemented various measures to encourage the use of electric vehicles. In 2021, Supreme Decree No. 4539 was passed, providing tax and financial benefits for the importation of electric and hybrid vehicles, as well as the production of electric and hybrid agricultural machinery. These incentives aim to boost energy conservation and efficiency. As part of this effort, a tariff tax of 0% and a reduction in the specific consumption tax for electric and hybrid vehicles have been introduced.
Market Segmentation
Bolivia Automotive Market Report and Forecast 2024-2032 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
- BEV
- FCEV
- HEV
- PHEV
- Internal Combustion Engine Vehicle
- CNG
- Diesel
- Gasoline
- LPG
Competitive Landscape
The market players are focusing on the production of electric and hybrid vehicles to enhance their market position and meet the evolving demands.
- BMW AG
- KIA Corp.
- Mercedes-Benz Group AG
- Honda Motor Co. Ltd.
- Suzuki Motor Corporation
- Toyota Motor Corp.
- Volkswagen AG
- Nissan Motor Co. Ltd.
- Hyundai Motor Company
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Engine Type |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Automotive Market Overview
8.1 Key Industry Highlights
8.2 Latin America Automotive Historical Market (2018-2023)
8.3 Latin America Automotive Market Forecast (2024-2032)
8.4 Latin America Automotive Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Bolivia
8.4.5 Others
9 Bolivia Automotive Market Overview
9.1 Key Industry Highlights
9.2 Bolivia Automotive Historical Market (2018-2023)
9.3 Bolivia Automotive Market Forecast (2024-2032)
10 Bolivia Automotive Market by Vehicle Type
10.1 Hatchback
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Multi-purpose Vehicle
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sedan
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sports Utility Vehicle
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Bolivia Automotive Market by Engine Type
11.1 Hybrid and Electric Vehicles
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Type
11.1.3.1 BEV
11.1.3.2 FCEV
11.1.3.3 HEV
11.1.3.4 PHEV
11.2 Internal Combustion Engine Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 CNG
11.2.3.2 Diesel
11.2.3.3 Gasoline
11.2.3.4 LPG
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BMW AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 KIA Corp.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Mercedes-Benz Group AG
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Honda Motor Co. Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Suzuki Motor Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Toyota Motor Corp.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Volkswagen AG
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Nissan Motor Co. Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Hyundai Motor Company
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Automotive Market: Key Industry Highlights, 2018 and 2032
2. Bolivia Automotive Market: Key Industry Highlights, 2018 and 2032
3. Bolivia Automotive Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
4. Bolivia Automotive Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
5. Bolivia Automotive Historical Market: Breakup by Engine Type (USD Million), 2018-2023
6. Bolivia Automotive Market Forecast: Breakup by Engine Type (USD Million), 2024-2032
7. Bolivia Automotive Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.30% between 2024 and 2032.
The market is driven by the rising demand for passenger cars and compact cars, favourable government policies, and the increasing consumer disposable incomes.
The key trends aiding the market expansion include the growing adoption of electric vehicles and the utilisation of advanced technologies to produce automotives and the introduction of new car models.
The major vehicle types are hatchback, multi-purpose vehicle, sedan, and sports utility vehicle, among others.
The major engine types are hybrid and electric vehicles and internal combustion engine vehicle.
The key players in the market are BMW AG, KIA Corp., Mercedes-Benz Group AG, Honda Motor Co. Ltd., Suzuki Motor Corporation, Toyota Motor Corp., Volkswagen AG, Nissan Motor Co. Ltd., and Hyundai Motor Company, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER