Latin America All-wheel Drive Market Size & Outlook
The all-wheel drive market in Latin America is expected to reach a projected revenue of US$ 3,107.3 million by 2030. A compound annual growth rate of 6.7% is expected of Latin America all-wheel drive market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,001.6
Forecast, 2030 (US$M)
$3,107.3
CAGR, 2024 - 2030
6.7%
Report Coverage
Latin America
Latin America all-wheel drive market highlights
- The Latin America all-wheel drive market generated a revenue of USD 2,001.6 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, ice was the largest revenue generating propulsion in 2023.
- ICE is the most lucrative propulsion segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2,001.6 million |
| Market revenue in 2030 | USD 3,107.3 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Ice |
| Fastest growing segment | ICE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ICE |
| Key market players worldwide | Lime, Cityscoot |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global all-wheel drive market in 2023.
- Globally, Asia Pacific 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 30,046.5 million by 2030.
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All-Wheel Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cityscoot | View profile | 251-500 | Paris, Ile-de-France, France, Europe | http://www.cityscoot.eu/ |
| Lime | View profile | 501-1000 | San Francisco, California, United States, North America | https://www.li.me |
| American Axle & Manufacturing | View profile | 10001+ | Detroit, Michigan, United States, North America | http://aam.com |
| GKN | View profile | 10001+ | Redditch, Worcestershire, United Kingdom, Europe | http://www.gkn.com |
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| Vitesco Technologies Group AG | View profile | 35370 | Siemensstrase 12, Regensburg, BY, Germany, 93055 | https://www.vitesco-technologies.com |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| JTEKT Corp | View profile | 51087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | http://www.jtekt.co.jp |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| OC Oerlikon Corp AG, Pfaffikon ADR | View profile | 12620 | Churerstrasse 120, Pfaffikon, Switzerland, 8808 | https://www.oerlikon.com |
| Dana Inc | View profile | 42000 | 3939 Technology Drive, Maumee, OH, United States, 43537 | https://www.dana.com |
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