Latin America Heavy-duty Automotive After Market Size & Outlook
The heavy-duty automotive aftermarket market in Latin America is expected to reach a projected revenue of US$ 23,081.2 million by 2030. A compound annual growth rate of 6.9% is expected of Latin America heavy-duty automotive aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$14,506.3
Forecast, 2030 (US$M)
$23,081.2
CAGR, 2024 - 2030
6.9%
Report Coverage
Latin America
Latin America heavy-duty automotive aftermarket market, 2017-2030 (US$M)
Related Markets
Latin America heavy-duty automotive aftermarket market highlights
- The Latin America heavy-duty automotive aftermarket market generated a revenue of USD 14,506.3 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 14,506.3 million |
| Market revenue in 2030 | USD 23,081.2 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Denso Corp, Mercedes-Benz Group AG, Dorian Drake International, Dorman Products Inc, Remy Cointreau |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global heavy-duty automotive aftermarket market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 23,081.2 million by 2030.
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Heavy-duty Automotive Aftermarket Market Scope
Heavy-duty automotive aftermarket market segmentation & scope
Others
Heavy-duty Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America heavy-duty automotive aftermarket market size, by country, 2017-2030 (US$M)
Latin America Heavy-duty Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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