New Cars in Peru
Summary
New Cars in Peru industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Peruvian new cars market recorded revenues of $3.9 billion in 2023, representing a compound annual growth rate (CAGR) of 4.7% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 4.6% between 2018 and 2023, to reach a total of 116.6 thousand units in 2023.
- The Peruvian new cars market is driven by the reduction in unemployment which strengthened consumer purchasing power. According to the Central Reserve Bank of Peru, in 2023, the unemployment rate in Peru reached 6.8%, down from 7.7% in 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Peru
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Peru
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Peru new cars market with five year forecasts by both value and volume
- What was the size of the Peru new cars market by value in 2023?
- What will be the size of the Peru new cars market in 2028?
- What factors are affecting the strength of competition in the Peru new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in Peru's new cars market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Hyundai Motor Co
- 8.2. Toyota Motor Corp
- 8.3. Dongfeng Motor Corp
- 8.4. Renault-Nissan-Mitsubishi Alliance
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Peru new cars market value: $ billion, 2018-23
- Table 2: Peru new cars market volume: units, 2018-23
- Table 3: Peru new cars market geography segmentation: $ billion, 2023
- Table 4: Peru new cars market value forecast: $ billion, 2023-28
- Table 5: Peru new cars market volume forecast: units, 2023-28
- Table 6: Peru new cars market share: % share, by volume, 2023
- Table 7: Hyundai Motor Co: Key Facts
- Table 8: Hyundai Motor Co: Annual Financial Ratios
- Table 9: Hyundai Motor Co: Key Employees
- Table 10: Toyota Motor Corp: Key Facts
- Table 11: Toyota Motor Corp: Annual Financial Ratios
- Table 12: Toyota Motor Corp: Key Employees
- Table 13: Toyota Motor Corp: Key Employees Continued
- Table 14: Dongfeng Motor Corp: Key Facts
- Table 15: Dongfeng Motor Corp: Key Employees
- Table 16: Renault-Nissan-Mitsubishi Alliance: Key Facts
- Table 17: Peru Size of Population (million), 2019-23
- Table 18: Peru Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Peru GDP (Current Prices, $ Billion), 2019-23
- Table 20: Peru Inflation, 2019-23
- Table 21: Peru Consumer Price Index (Absolute), 2019-23
- Table 22: Peru Exchange Rate, 2018-23
- List of Figures
- Figure 1: Peru new cars market value: $ billion, 2018-23
- Figure 2: Peru new cars market volume: units, 2018-23
- Figure 3: Peru new cars market geography segmentation: % share, by value, 2023
- Figure 4: Peru new cars market value forecast: $ billion, 2023-28
- Figure 5: Peru new cars market volume forecast: units, 2023-28
- Figure 6: Forces driving competition in the new cars market in Peru, 2023
- Figure 7: Drivers of buyer power in the new cars market in Peru, 2023
- Figure 8: Drivers of supplier power in the new cars market in Peru, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Peru, 2023
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Peru, 2023
- Figure 11: Drivers of degree of rivalry in the new cars market in Peru, 2023
- Figure 12: Peru new cars market share: % share, by volume, 2023
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