Brazil is one of the fastest growing automobile manufacturing markets in the world. Driven by the strong domestic demand and tax reforms implemented proactively by the government, the country’s automobile sector has been reporting positive growth rates, despite a slowdown in the overall automobile industry across the world. Moreover, the country is far ahead of its regional counterparts, i.e. Argentina and Mexico, and produced around 3.64 Million automobiles (excluding motorcycles) during 2010. However, the industry was dominated by the passenger cars segment.
According to our latest research report “Brazil Automobile Forecast to 2013”, despite the recent economic crisis, sales of passenger cars and LCVs in Brazil are anticipated to post a CAGR of over 10% and 20% respectively during 2011-2014. The passenger car segment will continue dominating the overall market sales by the end of the forecast period, owing to the relatively low penetration rate of this segment in the country.
Our report identifies that, flex-fuel vehicles remain the most accepted vehicle segment among Brazilians due to their multi-choice of refueling system. With supportive government regulations on biofuel usage, sales of flex-fuel vehicles have been registering blistering growth rates for the past few years. This segment accounted for nearly 81% of the total automobile sales in 2010, and the share is anticipated to rise further in future.
Although Brazilian automobile industry faced decline in exports due to the appreciation of the Brazilian currency in 2008, it boosted the automobile imports. Our research indicates that the industry has been feeling marginal effects of the worldwide economic crisis, however the future remains bright in the long term. This projection is based on several concrete factors that have been thoroughly discussed in the report.
Our report “Brazil Automobile Forecast to 2013”, covers various aspects of the Brazilian automobile industry, providing detail analysis of its various segments, including passenger vehicles, commercial vehicles, utility vehicles, two wheelers, and auto components. The report highlights current and future trends in each of these segments as well as developments in the Brazilian automobile market. Besides, we have comprehensively investigated the flex fuel vehicle industry in Brazil and based on that its future outlook has been presented. The study also evaluates growth avenues available for the automobile market, which include motor insurance industry, automotive sensor market, electric vehicles, etc. Lastly, the report also includes brief business profile of various industry giants present in the Brazilian automobile industry.