Reports
Sale
Chile Automotive Market Size, Share, Growth, Analysis: 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, Others; Competitive Landscape; 2024-2032
Chile Automotive Market Outlook
The Chile automotive market size is projected to expand at a CAGR of 6.20% between 2024 and 2032.
Key Takeaways
- Chile primarily imports vehicles and other automotive products from other parts of the world. In the year 2022, the country's imports in the automotive sector surpassed its exports by a significant margin.
- Chile aims to exclusively sell electric vehicles by the year 2035; however, EV adoption in Latin America is still low due to their high prices and limited vehicle charging infrastructure.
- The country is a leader in the electrification of public transportation in Latin America.
As per the Chile automotive market analysis, the surge in the demand for SUVs and light trucks, coupled with low interest rates on auto loans, has led to a notable expansion of the country’s automotive sector. The market has benefitted from the rapid urbanisation in the country and rising disposable income of the population.
The government in the region has been taking initiatives to accelerate the electrification of its automotive sector. For instance, in October 2021, the government announced that all vehicles sold in the country by 2035 will be electric. This initiative includes a new electromobility strategy aimed at speeding up progress towards clean mobility and conforming to international standards. According to this, by 2035, all light and medium vehicles, large mobile machinery, and public transport (buses, taxis, shared taxis), sold are expected to be zero emissions, enabling the country to achieve carbon neutrality by 2050.
In Chile, key companies are actively developing innovative solutions for the automotive sector, ranging from managing charging infrastructure to car-sharing platforms. Moreover, automobile manufacturers in Chile are integrating IoT technology into vehicles to enhance vehicle safety and prevent accidents. The continuous advancement in technology, including the use of more intricate sensors and advanced analytics tools, is playing a significant role in the Chile automotive market development.
Market Segmentation
Chile 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 progressively shifting their attention towards producing electric vehicles and are integrating advanced technology in automobiles to enhance vehicle safety.
- Toyota Motor Corp.
- Volkswagen AG
- Nissan Motor Co. Ltd.
- Hyundai Motor Company
- Kia Corporation
- Suzuki Motor Corp.
- General Motors Company (Chevrolet)
- Honda Motor Co. Ltd.
- BMW AG
- Ford Motor Company
- AB Volvo
- 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 Chile
8.4.5 Others
9 Chile Automotive Market Overview
9.1 Key Industry Highlights
9.2 Chile Automotive Historical Market (2018-2023)
9.3 Chile Automotive Market Forecast (2024-2032)
10 Chile 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 Chile 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 Toyota Motor Corp.
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 Volkswagen AG
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 Nissan Motor Co. Ltd.
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 Hyundai Motor Company
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 Kia 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 Suzuki 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 General Motors Company (Chevrolet)
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 Honda 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 BMW AG
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 Ford Motor Company
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 AB Volvo
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 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. Chile Automotive Market: Key Industry Highlights, 2018 and 2032
3. Chile Automotive Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
4. Chile Automotive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
5. Chile Automotive Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
6. Chile Automotive Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
7. Chile Automotive Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 6.20% between 2024 and 2032.
The major market drivers are the increasing need for self-driving cars, proactive government efforts and partnerships, and the rising demand for compact trucks and SUVs.
The key trends in the market are the incorporation of cutting-edge technologies in automobiles, along with the transition to eco-friendly and sustainable transportation.
The major vehicle types according to the market report are hatchback, multi-purpose vehicle, sedan, and sports utility vehicle.
The major engine types in the market are hybrid and electric vehicles and internal combustion engine vehicles.
The major players in the market are Toyota Motor Corp., Volkswagen AG, Nissan Motor Co. Ltd., Hyundai Motor Company, Kia Corporation, Suzuki Motor Corp., General Motors Company (Chevrolet), Honda Motor Co. Ltd., BMW AG, Ford Motor Company, and AB Volvo, 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