Amid strong demand for automotive vehicles, several domestic and foreign OEM manufacturers are planning to expand their production bases in Portugal. The government of Portugal also prioritizes the automotive segment as a key revenue generator and is encouraging the flow of FDIs in the automotive industry.
Portugal is one of the most promising and fastest-growing automobile markets in the region. Portugal automobile industry is supported by multiple factors such as labor availability, R&D efforts, geographic advantage, and government support. With a positive outlook for the economy and greater household purchasing power, automobile sales in the country are set to witness a strong surge in sales to 2026.
New players continue to foray into the market, in particular in low price vehicle segments with the number of sales increasing at robust growth rates. Passenger cars and light commercial vehicles are also witnessing a steady increase in demand.
Cost-effective models tend to witness strong success as the majority of car buyers segment includes the middle class. Further, strong customer support and availability of cheap spare parts gain high priority for purchases in cars segment
The Portugal Automotive Market research identifies that the competition continues to intensify year-on-year with the introduction of new models and brand availability. This LNGAnalysis report covers the 2019 scenario and growth prospects of the Portugal Automotive market for 2016-2026. To calculate the market size, revenue from the market sales of Passenger cars, light commercial vehicles, and heavy commercial vehicles are considered.
The global Automotive market is poised to register strong growth with light vehicle sales increased from around 95 million to over 106 million between 2019 and 2025. The ongoing trend towards modernization of Automotives such as electric and hybrid cars, growth from emerging economies- compensating decline from mature markets, the focus is on the user, increasing penetration of autonomous vehicles, and others are supporting countries worldwide to strengthen their Automotive markets. However, increased risk of new disruptive business models, falling margins and rising investment., long-term market volatilities, vehicle retreats from globalization pose significant challenges to growth.
The Portugal Automotive Market, Size, Share, Outlook and Growth Opportunities 2020-2026 presents a comprehensive analysis of the country’s automotive market. Key trends and critical insights into Portugal Automotive markets along with key drivers, restraints, and growth opportunities are presented in the report.
Portugal passenger car markets and Portugal commercial vehicle markets are analyzed and forecast to 2026. Further, Portugal vehicle production is forecast from 2016 to 2026. Demand for all these vehicle types is also forecast during the period.
Portugal Automotive market is compared against five of its competitive markets in the region to analyze the role of Portugal on the regional front and benchmark its operations.
Global Automotive, Asia Pacific, Europe, Middle East Africa, North America, and Latin America Automotive market outlook is also presented in the report to provide a global perspective of the industry.
Portugal population and economic outlook are also presented in the report to provide insights and forecasts of macroeconomic factors shaping the future of Portugal Automotive markets.
Further, business and SWOT profiles of three of the leading Automotive companies in Portugal are detailed in the report along with recent developments and their impact on overall market growth.
1.1 Market Scope and Definition
1.2 Study Assumptions
1.3 Research Methodology
2. Global Automotive Market size Outlook and Opportunities to 2026
2.1 Global Automotive Market Outlook, $ Billion, 2019- 2026
2.2 Global Passenger Cars Market Outlook, $ Billion, 2019- 2026
2.3 Global Light Commercial Vehicles Market Outlook, $ Billion, 2019- 2026
2.4 Global Heavy Commercial Vehicles Market Outlook, $ Billion, 2019- 2026
2.5 Global Automotive Market Outlook by Region, $ Billion, 2019- 2026
2.4.1 Asia Pacific Automotive Market Outlook, $ Billion, 2019- 2026
2.4.1 Europe Automotive Market Outlook, $ Billion, 2019- 2026
2.4.1 North America Automotive Market Outlook, $ Billion, 2019- 2026
2.4.1 South and Central America Automotive Market Outlook, $ Billion, 2019- 2026
2.4.1 Middle East and Africa Automotive Market Outlook, $ Billion, 2019- 2026
3. Portugal Automotive Market Insights
3.1 Industry Overview, 2019
3.2 Portugal Total Automotive Market Value Outlook, 2019- 2026
3.3 Portugal Automotive Market Trends and Insights
3.4 Key strategies Planned by Market Leaders
3.5 SWOT Analysis
3.5.1 Key Strengths
3.5.2 Key Weaknesses
3.5.3 Potential Opportunities
3.5.4 Potential Threats
4. Portugal Automotive Production Outlook to 2026
4.1 Portugal Passenger Cars Production Outlook, 2010- 2026
4.2 Portugal Commercial Vehicles Production Outlook, 2010- 2026
5. Portugal Automotive Demand Outlook to 2026
5.1 Portugal Passenger Cars Demand Outlook, Tonnes, 2010- 2026
5.2 Portugal Commercial Vehicles Demand Outlook, Tonnes, 2010- 2026
6. Portugal Automotive Industry Benchmarking
6.1 Overall Ranking
6.2 Demand Index
6.3 Supply Index
6.4 Growth Index
7. SWOT Profiles of Automotive Companies in Portugal
7.1 Company A
7.2 Company B
7.3 Company C
8. Portugal Demographic and Macroeconomic Outlook to 2026
8.1 Portugal GDP (Gross Domestic Product, Current Prices) Outlook, 2006- 2026
8.2 Portugal Disposable Income Outlook, 2006-2026
8.3 Portugal Population Growth Outlook, 2006-2026
8.4 Population Outlook by Age, 2006-2026
8.4.1 Population Outlook by Gender, 2006-2026
8.4.2 Population Outlook by Area, 2006-2026
9. Latest Automotive Industry Trends and Developments
10.1 LNGAnalysis Expertise
10.2 Sources and Research Methodology
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.