Peru Automotive Aftermarket Market and Analysis Report – Opportunities and Forecast 2024-2031
Peru Automotive Aftermarket present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust CAGR from 2023-2031.
Peru Automotive Aftermarket Market Overview
Peruvian automotive industry is experiencing good growth owing to the high penetration of OEMs supported by the competitive prices and free trade agreement among Asian and ASEAN countries. Peru government is investing on road infrastructure to cater to the demand for different type of vehicles. As the automotive industry continues to expand, the Peru automotive aftermarket will thrive.
Major Peru Automotive Aftermarket Market Drivers
GMI Research forecasts moderate growth in the Automotive Aftermarket in Peru due to the increasing disposable income of consumers, low vehicle penetration ratio and government support. With the increase in the income and change in the vehicle preference of people, the demand for passenger vehicle is predicted to grow. OICA estimated new registration of passenger vehicle in Peru is increased by 37% i.e., 111,436 units in 2021 as compared to 81,496 units in 2020. Increasing demand for replacement parts such as brake parts, clutches, gearbox, engine parts, among other is further boosting the Peru aftermarket auto parts.
Peru automotive aftermarket market report will provide detailed analysis of the vehicle sales, market drivers and trends, aftermarket services and government initiatives during the forecast period. Increasing vehicle age, the demand for replacement parts and maintenance is projected to increase.
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Segments covered in the Report:
The Peru Automotive Aftermarket has been segmented on the basis of certification, replacement part, vehicle type. By replacement parts, the market is segmented into tire, brake parts, Clutch Parts, Engine Components, battery, Lighting Components, electronic components, filters, Lubricants and others. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. Based on certification, the market has been segmented into Counterfeit Parts, Certified Parts, Genuine Parts and Others.
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Report Coverage |
Details |
| Market Revenues (2023) |
USD Million |
| Market Base Year |
2023 |
| Market Forecast Period |
2024-2031 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Vehicle Type, By Replacement Parts, By Certification |
| Regional Coverage | Peru |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Peru Automotive Aftermarket by Vehicle Type
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- Commercial Vehicles
- Passenger Vehicles
Peru Automotive Aftermarket by Replacement Parts
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- Tire
- Battery
- Brake Parts
- Filters
- Air Filter
- Oil Filter
- Others
- Lighting Components
- Electroniccomponents
- Lubricants
- Clutch Parts
- Engine Components
- Timing Belt
- Spark Plugs
- Others
- Others
Peru Automotive Aftermarket by Certification
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- Genuine Parts
- Certified Parts
- Counterfeit Parts
- Others
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