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Report

Peru Automotive Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 120 Pages I EMR Inc.

The Peru automotive market size is projected to grow at a CAGR of 2.60% between 2025 and 2034. The market is being driven by the rising demand for SUVs in Peru.

Chinese companies occupy nearly 20% of the Peru automotive market share. Companies like Changan, which provide an extensive range of SUVs at affordable prices, enjoy high consumer appeal, recording a 64.5% y-o-y growth in 2023.

The increasing demand for SUVs in Peru is driven by their excellent off-road capabilities and their spacious interior designs, which allow a comfortable driving experience for the passenger. Moreover, they allow a highly commanding view to the driver, which minimises the risk of accidents on the road. They also come loaded with advanced technological features which enhance the in-cabin driving experience. Over the forecast period, improvements in vehicle technology are expected to accelerate the Peru automotive market expansion.

Sustainability is one of the key trends shaping the Peru automotive market outlook favourably. According to the Air Quality Life Index (AQLI), vehicular emissions are a major source of air pollution in Peru (58%). As new government policies emphasise the shift towards electric vehicles, ageing cars are expected to be scrapped and the establishment of large-scale EV charging infrastructure is expected to facilitate the Peru automotive market growth. As per the Peruvian Automotive Association's National Electromobility Plan, the national coverage of electric vehicles in Peru is expected to reach 8.5% by 2030, which is creating a favourable outlook for the Peru automotive market.

Market Segmentation

Peru Automotive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments

Market Breakup by Vehicle Type

- Hatchback
- Multi-purpose Vehicle
- Sedan
- Sports Utility Vehicle

Market Breakup by Engine Type

- Hybrid And Electric Vehicles _x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_

- Hybrid And Electric Vehicles _x000D_ _x000D_ BEV _x000D_ FCEV _x000D_ HEV _x000D_ PHEV _x000D_ _x000D_

- Internal Combustion Engine Vehicle _x000D_
_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_

- Internal Combustion Engine Vehicle _x000D_
_x000D_ _x000D_ CNG _x000D_ Diesel _x000D_ Gasoline _x000D_ LPG _x000D_ _x000D_

Competitive Landscape

The key Peru automotive market players are:

- Toyota Motor Corp.
- Volkswagen AG
- BMW AG
- General Motors Company (Chevrolet)
- Mercedes-Benz Group AG
- Honda Motor Co. Ltd.
- Volvo AB
- Nissan Motor Co. Ltd.
- Hyundai Motor Company
- KIA Corp.
- Suzuki Motor Corporation
- Others

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Latin America Automotive Market Overview
5.1 Key Industry Highlights
5.2 Latin America Automotive Historical Market (2018-2024)
5.3 Latin America Automotive Market Forecast (2025-2034)
5.4 Latin America Automotive Market Breakup by Country
5.4.1 Brazil
5.4.2 Mexico
5.4.3 Argentina
5.4.4 Peru
5.4.5 Others
6 Peru Automotive Market Overview
6.1 Key Industry Highlights
6.2 Peru Automotive Historical Market (2018-2024)
6.3 Peru Automotive Market Forecast (2025-2034)
7 Peru Automotive Market by Vehicle Type
7.1 Hatchback
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Multi-purpose Vehicle
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Sedan
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Sports Utility Vehicle
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
8 Peru Automotive Market by Engine Type
8.1 Hybrid And Electric Vehicles
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.1.3 Breakup by Type
8.1.3.1 BEV
8.1.3.2 FCEV
8.1.3.3 HEV
8.1.3.4 PHEV
8.2 Internal Combustion Engine Vehicle
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.2.3 Breakup by Type
8.2.3.1 CNG
8.2.3.2 Diesel
8.2.3.3 Gasoline
8.2.3.4 LPG
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyers Powers
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Supplier Selection
10.2 Key Global Players
10.3 Key Regional Players
10.4 Key Player Strategies
10.5 Company Profiles
10.5.1 Toyota Motor Corp.
10.5.1.1 Company Overview
10.5.1.2 Product Portfolio
10.5.1.3 Demographic Reach and Achievements
10.5.1.4 Certifications
10.5.2 Volkswagen AG
10.5.2.1 Company Overview
10.5.2.2 Product Portfolio
10.5.2.3 Demographic Reach and Achievements
10.5.2.4 Certifications
10.5.3 BMW AG
10.5.3.1 Company Overview
10.5.3.2 Product Portfolio
10.5.3.3 Demographic Reach and Achievements
10.5.3.4 Certifications
10.5.4 General Motors Company (Chevrolet)
10.5.4.1 Company Overview
10.5.4.2 Product Portfolio
10.5.4.3 Demographic Reach and Achievements
10.5.4.4 Certifications
10.5.5 Mercedes-Benz Group AG
10.5.5.1 Company Overview
10.5.5.2 Product Portfolio
10.5.5.3 Demographic Reach and Achievements
10.5.5.4 Certifications
10.5.6 Honda Motor Co. Ltd.
10.5.6.1 Company Overview
10.5.6.2 Product Portfolio
10.5.6.3 Demographic Reach and Achievements
10.5.6.4 Certifications
10.5.7 Volvo AB
10.5.7.1 Company Overview
10.5.7.2 Product Portfolio
10.5.7.3 Demographic Reach and Achievements
10.5.7.4 Certifications
10.5.8 Nissan Motor Co. Ltd.
10.5.8.1 Company Overview
10.5.8.2 Product Portfolio
10.5.8.3 Demographic Reach and Achievements
10.5.8.4 Certifications
10.5.9 Hyundai Motor Company
10.5.9.1 Company Overview
10.5.9.2 Product Portfolio
10.5.9.3 Demographic Reach and Achievements
10.5.9.4 Certifications
10.5.10 KIA Corp.
10.5.10.1 Company Overview
10.5.10.2 Product Portfolio
10.5.10.3 Demographic Reach and Achievements
10.5.10.4 Certifications
10.5.11 Suzuki Motor Corporation
10.5.11.1 Company Overview
10.5.11.2 Product Portfolio
10.5.11.3 Demographic Reach and Achievements
10.5.11.4 Certifications
10.5.12 Others

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