Tuesday, October 15, 2019
News
NEWS HOME
PRN INDIA
Latin America's Mobility Future is About Safety and Flexibility: Key Industry Transformations OEMs Must Embrace
  SocialTwist Tell-a-Friend  
   

Carmakers to invest in new safety standards, powertrain technologies and car-sharing in LATAM to keep up with global trends, finds Frost & Sullivan

BUENOS AIRES, Argentina, May 21, 2019 /PRNewswire/ -- áThe Latin American passenger vehicle (PV) market is expected to achieve unit shipment of approximately 5.72 million units in 2019, growing at 4.3% year over year. This growth will largely be driven by the recovery of the Brazilian market and the rise of the SUV segment, which will account for almost 25.4% of the market following the release of new models and restyling. However, one of the biggest trends in the market is the rapid convergence of technologies and automotive solutions. This is boosting urban mobility solutions like car-sharing, car-pooling, and micro-mobility companies in the region, prompting the development of service-based business models.

For further information on this analysis, please visit: http://frost.ly/3gy

Photo - https://mma.prnewswire.com/media/889965/Latin_America_Urban_Mobility_Solutions.jpg

"OEMs such as Toyota and Nissan adventured in car-sharing and Mobility-as-a-Service (MaaS) models, while companies like Grin and Lime launched the shared-scooters business model in 2018. Delivery service apps and B2B eCommerce platforms like Reparador also experienced a phase of accelerated growth," said Mart├şn Singla, Mobility Industry Analyst. "Similarly, automotive retailing and the aftermarket process are being disrupted by digitalization, online customization and customer-oriented tools, on-demand responsive services, and novel store formats. It is crucial for players across the entire automotive value chain to embrace these transformations to ensure customer loyalty."

Frost & Sullivan's recent analysis, Latin America Passenger Vehicle Outlook 2019, covers the market performance and top transformative factors impacting the industry in 2019. It presents forecasts by country and analyzes MaaS solutions, electric vehicles (EVs), and technology trends in safety and security standards. It also examines players and disruptions in new retailing imperatives.

"Three of the biggest trends in the regional PV market are the penetration of Chinese OEMs with low-priced products, the potential opening up of Southern Common Market (Mercosur) and the restructuration of the United States-Canada-Mexico Agreement (USCMA)," noted Singla. "In response to these changes, a general automotive industry modernization plan, Rota 2030, was established. This plan strengthens product competitiveness by setting short- and mid-term targets to improve energy efficiency, reduce emissions, tighten safety and security standards, and set a fiscal incentive regime to promote R&D in specific high-end strategic areas."

In the highly dynamic and technology-forward market, automobile OEMs can create growth opportunities by:

  • Heavily investing in integrated mobility services and testing their own mobility initiatives or partnering with consolidated players.
  • Enhancing their competitiveness in emerging sectors like EVs, as powertrain offerings, amongst other technologies, become increasingly diversified.
  • Developing the agility to deal with more stringent safety and security as well as structural design standards.

Latin America Passenger Vehicle Outlook 2019 is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Latin America Passenger Vehicle Outlook 2019
K35E-18

Contact:
Francesca Valente
P: +1 210 348 10 12
E: Francesca.Valente@frost.com
http://ww2.frost.com

More News by PR Newswire India

Medisant├ę Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Tamil politician booked for justifying R...
Training of national trainers begins for...
Congress wanted to pursue Muslim vote ba...
CBI registers case against 7 persons in ...
#AbhijitBanerjee trends on Twitter, user...
'Assam had highest minorities' deaths du...
More...    
 
 Top Stories
All you need to know about Nobel la... 
'Life is too short to keep hitting ... 
New service rules to hold key for I... 
'Maha-connections' of Nobel laureat... 
Court to rule on Chidambaram's arre... 
Ex-chief engineer arrested in Tripu... 
Abhijit Banerjee becomes 10th India... 
Haryana polls: 117 candidates have ...