|Latin American Commercial Vehicles Market, Forecast to 2023|
|Powered by Digital Transformation, the LATAM Commercial Trucking Market is Estimated to Record a CAGR of 7.1% During 2016–2023|
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.
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