LCV Sales in Brazil Set to Grow at 20% CAGR
With growing logistics industry and ease in credit availability, the LCV sales in Brazil will surge at a CAGR of over 20% during 2011-2014, RNCOS acknowledged.
- (1888PressRelease) March 25, 2011 - According to our research report "Brazil Automobile Forecast to 2013", Brazil is among the fastest growing automotive manufacturing markets around the globe. Driven by the strong government support, rise in logistics industry, and increase in domestic demand, the country's light commercial vehicle sales has been witnessing rapid growth for the past few years. Moreover, with rise in demand from increasing population and tremendous growth in logistics industry, the sales of LCVs in Brazil is expected to surge at a CAGR of over 20% during 2011-2014.
As per the research, the country's SME segment has emerged as the major consumer of light commercial vehicle during the past few years and is further expected to propel the demand for LCVs in near future. Besides, easing credit availability and growing industrial production have fuelled the demand for LCV in the country. Further, the report has also discussed few major factors, which are acting as a catalyst for the growing demand of LCVs in the country.
Although Brazilian automobile industry faced decline in exports due to the appreciation of 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 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 thorough 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.
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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