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360 Degree Analysis of the Latin American Automotive Aftermarket

Latin American automotive aftermarket: $32.5 billion industry by 2017


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2014-02-21 02:25:01 - 360 Degree Analysis of the Latin American Automotive Aftermarket - a new market research report on companiesandmarkets.com

This research service covers the automotive aftermarket in the main countries of South America. The study focuses on the light vehicles market, and covers Brazil, Mexico, Argentina, Chile, and Colombia, along with insights into other smaller Latin American countries. The objective is to provide a strategic insight for decision makers and potential new entrants.The automotive aftermarket is undergoing extensive structural changes, as well as a strong growth level, pulled by the strong sales of new vehicles. This study covers market drivers and restraints, market size and growth forecasts, segmented per top 10 parts, demand analysis, distribution structure, legislation, and regulation analysis.Executive SummaryThe total aftermarket in Latin America will grow from $ x billion in 2012 to $ x billon in

 

 

2017. Brazilian and Mexican markets accounted for over x percent and x percent, respectively, of total revenue, but Brazil´s weight is forecast to increase.Demand is set to increase across all product lines, with a strong vehicle in operation (VIO) increase of x percent between 2012 and 2017 as the main driver. Tires and brake parts represent x percent and x percent, respectively, of the total market.Retailers captured a large share, between x and x percent, of the parts revenue because of the lack of presence by full-service warehouse distributors (WD) and wholesale buying groups. Few WDs offer all-make-and-model coverage, sending installers to retail distributors and dealerships for many products. The OES channel represents about x percent of revenue because of its low share of routine maintenance parts.Pricing trends vary considerably from country to country, with Brazil and Mexico experiencing inflation of x to x percent annually, compared to x to x percent in Argentina.Small independent installers still represent the main contact point for end customers. Largely composed of micro companies or family businesses, they account on average for over x percent of the automotive service provided to final consumers in Latin America.

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