Latin America Electric Mobility Market Size & Outlook
The electric mobility market in Latin America is expected to reach a projected revenue of US$ 7,944.8 million by 2030. A compound annual growth rate of 10.9% is expected of Latin America electric mobility market from 2023 to 2030.
Revenue, 2022 (US$M)
$3,461.6
Forecast, 2030 (US$M)
$7,944.8
CAGR, 2023 - 2030
10.9%
Report Coverage
Latin America
Latin America Electric Mobility Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America electric mobility market highlights
- The Latin America electric mobility market generated a revenue of USD 3,461.6 million in 2022.
- The market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
- In terms of segment, chain drive was the largest revenue generating drive type in 2022.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,461.6 million |
| Market revenue in 2030 | USD 7,944.8 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| Largest segment | Chain drive |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain Drive, Hub Drive |
| Key market players worldwide | Bayerische Motoren Werke AG, Honda Motor Co Ltd, Gogoro Inc, PIERER Mobility AG, Mahindra & Mahindra Ltd DR, Ninebot, Suzuki Motor Corp, Terra Motors, Yamaha Motor Co Ltd, Vmoto |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.2% of the global electric mobility market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 21,040.3 million by 2030.
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Electric Mobility Market Scope
Electric Mobility Market segmentation & scope
Electric Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honda Motor Co Ltd | View profile | 194,993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | global.honda |
| Suzuki Motor Corp | View profile | 114,903 | 300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, Japan, 432-8611 | www.globalsuzuki.com |
| Bayerische Motoren Werke AG | View profile | 154,950 | Petuelring 130, Munich, BY, Germany, 80809 | www.bmwgroup.com |
| Gogoro Inc | View profile | 1,892 | No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, Taiwan, 105 | www.gogoro.com |
| PIERER Mobility AG | View profile | 6,097 | Edisonstrasse 1, Wels, Austria, 4600 | www.pierermobility.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| Ninebot | View profile | 251-500 | Beijing, Beijing, China, Asia | ninebot.com |
| Terra Motors | View profile | 51-100 | Tokyo, Tokyo, Japan, Asia | terramotors.co.jp/ |
| Yamaha Motor Co Ltd | View profile | 65,477 | 2500, Shingai, Iwata, Shizuoka, Japan, 438-8501 | www.yamaha-motor.co.jp |
| Vmoto | View profile | - | London, England, United Kingdom, Europe | vmoto-uk.com/ |
Latin America Electric Mobility 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 Electric Mobility Market Outlook will help companies and investors design strategic landscapes.
Chain Drive was the largest segment with a revenue share of 46.72% in 2022.
Horizon Databook has segmented the Latin America electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Electric Mobility Market Drive Type Outlook (Revenue, USD Million , 2018-2030)
- Belt Drive
- Chain Drive
- Hub Drive
- Latin America Electric Mobility Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Personal
- Commercial
- Latin America Electric Mobility Market Battery Outlook (Revenue, USD Million , 2018-2030)
- Lead-acid Battery
- Lithium-ion Battery
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Electric Mobility Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Electric Mobility Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Electric Mobility Market, 2018-2030 (US$M)
Latin America electric mobility market statistics, by drive type, 2018-2030 (US$M)
