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Latin American Commercial Vehicles Market, Forecast to 2023

  • ID: 4437239
  • Report
  • November 2017
  • Region: Latin America
  • 88 Pages
  • Frost & Sullivan
Powered by Digital Transformation, the LATAM Commercial Trucking Market is Estimated to Record a CAGR of 7.1% During 2016-2023


  • Ford
  • GM
  • Hyundai
  • Paccar (Kenworth, DAF)
  • Scania
  • Volvo

The LATAM commercial vehicles market is experiencing a number of transformative shifts that are driven by social, economic, and technology disruptions impacting the region’s logistics, primary economic activities, new regulations aiding for CV fleet renewal, new business models being adopted by OEMs and Tier 1 providers, as well as technology innovations reshaping the logistics industry. Notwithstanding the existing market challenges, Frost & Sullivan expects LATAM to record annual sales of more than 200,000 units by 2023.

This research service covers Argentina, Brazil, Chile, Mexico, Colombia, and Peru, and presents the key market trends, growth opportunities, transformational shifts, and market metrics. It also provides an analysis by new business models, powertrains, and top transformational shifts. The key market participants and detailed market outlooks in LATAM are discussed, and the key conclusions, recommendations, and Frost & Sullivan predictions for the market by 2023 are presented.

Research Scope:

The study covers the Latin American commercial vehicles market and its participants: OEMs, Tier 1 providers, telematics, and online freight brokering disruptors. The base year is 2016 and the study period 2015 to 2023. The truck segments included are Medium Commercial Vehicles and Heavy Duty Trucks in selected LATAM countries: Argentina, Brazil, Chile, Colombia, Mexico and Peru. Competitive benchmarking analysis is done by fuel type, powertrain, OEMs, online and mobile freight brokering participants. The market size for 2016 is provided for each segment and forecast till 2023. It also features the market shares of leading competitors, which include Daimler (Mercedes-Benz, Freightliner, DongFenf), Paccar (Kenworth, DAF), International, GM, Ford, VW/MAN, Scania, Volvo, and Hyundai.

The study highlights industry challenges and growth drivers and restraints for the period, 2016–2023 and analyses the market from end-user and geographic perspectives. The research covers selected Latin American countries: Argentina, Brazil, Chile, Mexico, Colombia, and Peru. The study also presents key market trends, growth opportunities, OEM strategies to compete with the rising Asian participants, the new business models being implemented, and macroeconomic implications for the market. It offers an analysis of current and future market trends affecting the region, including: digitisation, new powertrain options, engine and chassis platformisation, and other strategies offered by OEMs, as well as market disruptors and companies to watch out for in future. Finally, the study provides conclusions, growth opportunities, and strategic recommendations.

Key Questions this Study will Answer:

  • What are the key trends and factors determining the demand for commercial vehicles in Latin America?
  • Which are the top transformational shifts impacting the commercial vehicles market in Latin America?
  • What are the key developments in the connected trucks market to watch out for during 2016–2023?
  • What are the companies to watch out for in 2016 and in the future?
  • How will digitisation and online and mobile freight brokering reshape the future of logistics in Latin America?
  • What is the growth potential of the market? How will the demand for commercial vehicles shape up till 2023?
Note: Product cover images may vary from those shown


  • Ford
  • GM
  • Hyundai
  • Paccar (Kenworth, DAF)
  • Scania
  • Volvo

1. Executive Summary

  • Executive Summary-Key Findings
  • Transformational Shifts Shaping the Future of Commercial Trucking
  • LATAM MCV and HDT Trucks Market Forecast
  • 2017 Regional GDP and Commercial Truck Market Growth
  • MCV-HDT Trucks OEM Sales Performance
  • Perceived Importance of Trends across Regions
  • Connected Trucks-Digitisation of Trucking in LATAM
  • Future of Urban Trucking-TruckPad
  • Future of Urban Trucking-TruckPad Product Portfolio
  • Key Conclusions and Future Outlook to 2023

2. Research Scope, Objectives, Background, And Methodology

  • Research Scope
  • Research Background
  • Research Methodology
  • Vehicle Segmentation, Definitions, and Classifications
  • Vehicle Segments-MCV and HDT: Global

3. LATAM MCV And HDT Market Outlook

  • LATAM Medium and Heavy Commercial Trucks Market Forecast
  • MCV Trucks OEM Sales Performance
  • HDT Trucks OEM Sales Performance
  • Market Overview-Engine Size Forecast
  • Powertrain Technology Forecast
  • Alternative Fuel Powertrain Market-Regional Market Share Analysis
  • Key Regional Outlook

4. LATAM Transformational Shifts Impacting The Future Of Commercial Trucking (Transformational Shift 1-Digital Transformation: Connected Trucks)

  • Trucking Challenges-Propelling Digitisation
  • Top Market Trends-Connected Truck Telematics
  • Digitisation Enabling Industry Evolution towards Service/Solution Model
  • Connected Trucks by Country to 2023
  • OEM Solutions and Dedicated Providers
  • Regional Connected Truck Market Forecast by Product Type
  • Key Regulations and Mandates-A Snapshot
  • MAN RIO-Digitisation of Truck Solutions Platform
  • Key Challenges to Autonomous Driving in Commercial Vehicles
  • Levels of Automation
  • Key Strategic Implications for the Trucking Industry

5. Transformational Shift-Rise Of Value Trucks

  • Rise of Value Trucks
  • Product Segment Outlook
  • Global Product-Price Segment Specifications in MCV Trucks
  • Key Focal Points for Product Planning in Value Trucks
  • HWW Technologies and Future Opportunities for Truck Design
  • Key Strategic Implications for the Trucking Industry

6. Transformational Shift 3-Platformisation

  • Changing OEM Focus in Global HDT Truck Platform
  • MCV Truck Platforms of Major OEMs
  • HDT Truck Platforms of Major OEMs
  • Engine Platform Design Harmonisation-2016-2023
  • Regional and Global MCV Platforms-Major OEMs
  • Regional and Global HDT Platforms-Major OEMs
  • Vision of 2025 MCV Truck Design Boundaries
  • Key Strategic Implications for the Trucking Industry

7. Transformational Shift-Urban Trucking

  • Transformational Shift-Urban Trucking
  • Applications of CVs by Fleet Type Statistics
  • Urban Trucking-uShip
  • Urban Trucking-uShip Product Portfolio
  • Urban Trucking-Humber
  • Urban Trucking-Humber Product Portfolio
  • Key Strategic Implications for the Trucking Industry

8. Transformational Shift-Rise Of Asian Oems

  • Rise of Asian OEMs
  • Subtrend 1-Asian OEMs Dominating Some Value Truck Markets
  • Rise of Asian OEMs-Sales Performance
  • Key Strategic Implications for the Trucking Industry

9. Growth Opportunities And Strategic Imperative

  • Growth Opportunities
  • Strategic Imperatives for Success and Growth

10. Conclusions And Future Outlook

  • Forecast Regional Outlook
  • Key Conclusions and 2023 Outlook
  • The Last Word-3 Big Predictions
  • Legal Disclaimer

11. Appendix

  • Table of Acronyms Used
  • 2017 Proposed Research Plan
  • Selected Research Topics Covered in 2015-2016
  • Latin America Automotive & Transportation
  • Market Engineering Methodology
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Daimler (Mercedes-Benz, Freightliner, DongFenf)
  • Ford
  • GM
  • Hyundai
  • Paccar (Kenworth, DAF)
  • Scania
  • Volvo
  • VW/MAN
Note: Product cover images may vary from those shown