Latin America Luxury Car Market Size & Outlook, 2025-2030
Related Markets
Latin America luxury car market highlights
- The Latin America luxury car market generated a revenue of USD 29,644.1 million in 2024.
- The market is expected to grow at a CAGR of 7.6% from 2025 to 2030.
- In terms of segment, sports utility was the largest revenue generating vehicle type in 2024.
- Sports Utility is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 29,644.1 million |
| Market revenue in 2030 | USD 45,786.9 million |
| Growth rate | 7.6% (CAGR from 2025 to 2030) |
| Largest segment | Sports utility |
| Fastest growing segment | Sports Utility |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hatchback, Sedan, Sports Utility |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global luxury car market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 343,769.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Luxury Car Market Scope
Luxury Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BMW | View profile | - | Shenzhen, Guangdong, China, Asia | http://www.szbomingwei.com |
| Aston Martin | View profile | 1001-5000 | Gaydon, Warwickshire, United Kingdom, Europe | http://www.astonmartin.com |
| Tata Motors | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatamotors.com |
| Stellantis NV | View profile | 258275 | Taurusavenue 1, Hoofddorp, NH, Netherlands, 2132 LS | https://www.stellantis.com |
| Volvo Car AB Class B | View profile | 43400 | VAK Building, Gunnar Engellaus Vag, Gothenburg, Sweden, 405 31 | https://www.volvocars.com |
| Mercedes-Benz Group AG | View profile | 166056 | Mercedesstrasse 120, Stuttgart, BW, Germany, 70372 | https://www.daimler.com |
| General Motors Co | View profile | 163000 | 300 Renaissance Center, Detroit, MI, United States, 48265-3000 | https://www.gm.com |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
Latin America luxury car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury car market will help companies and investors design strategic landscapes.
Sports utility was the largest segment with a revenue share of 59.34% in 2024. Horizon Databook has segmented the Latin America luxury car market based on hatchback, sedan, sports utility covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to Latin America luxury car market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America luxury car market databook
-
Our clientele includes a mix of luxury car market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America luxury car market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America luxury car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America luxury car market size, by country, 2018-2030 (US$M)
Latin America Luxury Car Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
