Reports
Sale
Peru Automotive Market Size, Share, Growth, Analysis, Report: 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
Peru Automotive Market Outlook
The Peru automotive market size is projected to grow at a CAGR of 2.6% between 2024 and 2032. The market is being driven by the rising demand for SUVs in Peru.
Key Takeaways
- Electric vehicle sales recorded a y-o-y of 84.1% in 2022 in Peru.
- The expansion in the supply of EVs (from 13 to 40 brands) is fuelling the demand for automobiles in the market.
- Sports utility vehicles are expected to constitute a major portion of the Peru automotive market share.
Chinese companies occupy nearly 20% of the Peru automotive market share. Companies like Changan, which provide an extensive range of SUVs at affordable prices, enjoy high consumer appeal, recording a 64.5% y-o-y growth in 2023.
The increasing demand for SUVs in Peru is driven by their excellent off-road capabilities and their spacious interior designs, which allow a comfortable driving experience for the passenger. Moreover, they allow a highly commanding view to the driver, which minimises the risk of accidents on the road. They also come loaded with advanced technological features which enhance the in-cabin driving experience. Over the forecast period, improvements in vehicle technology are expected to accelerate the Peru automotive market expansion.
Sustainability is one of the key trends shaping the Peru automotive market outlook favourably. According to the Air Quality Life Index (AQLI), vehicular emissions are a major source of air pollution in Peru (58%). As new government policies emphasise the shift towards electric vehicles, ageing cars are expected to be scrapped and the establishment of large-scale EV charging infrastructure is expected to facilitate the Peru automotive market growth. As per the Peruvian Automotive Association’s National Electromobility Plan, the national coverage of electric vehicles in Peru is expected to reach 8.5% by 2030, which is creating a favourable outlook for the Peru automotive market.
Market Segmentation
Peru 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
The key Peru automotive market players are Toyota Motor Corp., Volkswagen AG, BMW AG, General Motors Company (Chevrolet), Mercedes-Benz Group AG, Honda Motor Co. Ltd., Volvo AB, Nissan Motor Co. Ltd., Hyundai Motor Company, KIA Corp., and Suzuki Motor Corporation, among 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 Peru
8.4.5 Others
9 Peru Automotive Market Overview
9.1 Key Industry Highlights
9.2 Peru Automotive Historical Market (2018-2023)
9.3 Peru Automotive Market Forecast (2024-2032)
10 Peru 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 Peru 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 BMW 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 General Motors Company (Chevrolet)
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 Mercedes-Benz Group AG
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 Honda Motor Co. Ltd.
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 Volvo AB
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 KIA Corp.
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 Suzuki Motor Corporation
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. Peru Automotive Market: Key Industry Highlights, 2018 and 2032
3. Peru Automotive Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
4. Peru Automotive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
5. Peru Automotive Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
6. Peru Automotive Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
7. Peru Automotive Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 2.6% between 2024 and 2032.
The different vehicle types in the market include hatchback, multi-purpose vehicle, sedan, and sports utility vehicle.
The different engine types considered in the market report are hybrid and electric vehicles and internal combustion engine vehicle.
The key market players are Toyota Motor Corp., Volkswagen AG, BMW AG, General Motors Company (Chevrolet), Mercedes-Benz Group AG, Honda Motor Co. Ltd., Volvo AB, Nissan Motor Co. Ltd., Hyundai Motor Company, KIA Corp., and Suzuki Motor Corporation, 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