NEW YORK, June 11, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
360 Degree Analysis of the Latin American Automotive Aftermarket
LATAM Aftermarket to Grow by 28% between 2012 and 2017 to be Worth $32.5 B by 2017
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.
Total Automotive Aftermarket: Key Takeaway, Latin America, 2012
-- The total aftermarket in Latin America will grow from $X billion in 2012 to $X billion 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 Xpercent between 2012 and 2017 as the main driver.-- Tires and brake parts represent Xpercent and Xpercent, respectively, of the total market.-- Retailers captured a large share, between X and Xpercent, 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 aboutX 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 Xto Xpercent annually, compared toX toXpercent 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 overX percent of the automotive service provided to final consumers in Latin America.
Latin American VIO forecast to grow Xpercent within the next five years.
-- Latin American VIO is projected to grow X percent and reachX million light vehicles in 2017.
-- Strong sales will reduce average vehicle age and switch demand for newer parts with higher technological content, while emission controls and stricter security regulations will raise parts' durability and change consumers behavior.
Revenue growth will be pulled by VIO, with Brazil and Mexico leading the way
-- The total aftermarket in Latin America will grow 28.5 percent, from $25.33 billion in 2012 to $32.47 billion in 2017.-- The Brazilian and Mexican markets account for over 40 percent and 26 percent, respectively, of total revenue, while Brazil's weight is forecast to increase.-- The strongest growth will be in Colombia and Peru, where the car equipment rate is still low.-- The top 10 parts account for less than 50 percent of the total market, while non-essential parts should increase their share.
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