Chile Commercial Vehicle Market Size and Share Analysis - Growth Trends and Forecasts (2025 - 2030)

The Chile Commercial Vehicle Market is Segmented by Vehicle Type (Light Commercial Vehicles, Medium and Heavy-Duty Trucks, and Buses and Coaches), Propulsion Type (Internal Combustion Engine (ICE) (Petrol, Diesel), Electric and Hybrid). The Report Offers Market Size and Forecasts for all the Above Segments in Terms of Value (USD).

Chile Commercial Vehicle Market Size and Share Analysis - Growth Trends and Forecasts (2025 - 2030)

Chile Commercial Vehicle Market Size

Chile Commercial Vehicle Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 8.08 Million
Market Size (2030) USD 9.60 Million
CAGR (2025 - 2030) 3.50 %
Market Concentration Medium

Major Players

Chile Commercial Vehicle Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Chile Commercial Vehicle Market Analysis

The Chile Commercial Vehicle Market size is estimated at USD 8.08 million in 2025, and is expected to reach USD 9.60 million by 2030, at a CAGR of 3.5% during the forecast period (2025-2030).

The Chilean commercial vehicle market experienced significant growth and transformation in 2022 and 2023. This growth is driven by economic recovery, infrastructure development, and a shift towards more sustainable transportation options. 

The aftermath of the COVID-19 pandemic continued to impact the commercial vehicle market in 2022 and 2023. Supply chain disruptions and semiconductor shortages affected vehicle production and delivery times, leading to increased waiting periods for certain models. However, these challenges also accelerated the adoption of digital sales channels and after-sales services in the commercial vehicle sector.

Further, the market has also been largely influenced by the government's focus on promoting electric and low-emission vehicles. 

  • In 2022, the Chilean government announced its National Electromobility Strategy, aiming to have 100% of new urban public transport buses and 100% of new sales of light and medium vehicles be zero-emission by 2035.

This policy initiative led to increased interest in electric commercial vehicles, with several major manufacturers introducing new electric models to the Chilean market. For example, Reborn Electric Motors, the first Chilean manufacturer of electric buses, has already manufactured more than a hundred zero-kilometer electric vehicles for the country.

Despite the overall positive trends, the commercial vehicle market faced some headwinds in 2023. The global economic slowdown and inflationary pressures led to increased caution among some buyers, particularly small and medium-sized enterprises.

Hence, the Chilean commercial vehicle market is expected to grow at a slow and steady rate during the forecast period. 

Chile Commercial Vehicle Industry Overview

The Chile Commercial Vehicle Market is moderately consolidated with a few players holding a majority of the market share. The key players operating in the market are Volvo Group, Mercedez-Benz, Scania AB, FUSO Motors, and Hino Motors among others. 

The key players are actively engaged in new product launches, partnerships and collaborations, and localized investments. For example, 

  • In February 2024, Yutong successfully delivered 214 battery electric buses to Chile, making it Chile’s largest new energy bus brand. This also marks its largest export order to the country to date.

Chile Commercial Vehicle Market News

  • In March 2024, HORSE supplied its first 1.0-litre, low-emission engine to REBORN Electric Motors, one of the leading electric bus factory operators in the country. The engine will power Range Extender technology within the vehicle.
  • In October 2023, Anglo American, in partnership with Andes Motor, Foton, Copec, and Linde, officially launched its first hydrogen-powered bus for operational service in Chile. This bus uses a 120kW SinoHytec G120 hydrogen fuel cell, is able to fit 47 passengers, and can cover distances of up to 400 km when its hydrogen tanks and batteries are fully charged.

Chile Commercial Vehicle Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing E-Commerce Is Creating A Conducive Environment
  • 4.2 Market Restraints
    • 4.2.1 Increased Prices To Counterbalance The Heightened Production Costs Is A Challenge
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Vehicle Type
    • 5.1.1 Light Commercial Vehicles
    • 5.1.2 Medium & Heavy-duty Trucks
    • 5.1.3 Buses & Coaches
  • 5.2 By Propulsion Type
    • 5.2.1 Internal Combustion Engine (ICE)
    • 5.2.1.1 Petrol
    • 5.2.1.2 Diesel
    • 5.2.2 Electric & Hybrid

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Mercedes-Benz
    • 6.2.2 Volvo Group
    • 6.2.3 Traton SE
    • 6.2.4 Jiangling Motors Group Co. Ltd
    • 6.2.5 Scania AB
    • 6.2.6 Foton Motor
    • 6.2.7 Freightliner Trucks
    • 6.2.8 FUSO Trucks
    • 6.2.9 JAC Group
    • 6.2.10 Hino Motors
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Market Will Witness A Surge In Vehicle Electrification

8. AN OVERVIEW OF THE EMISSION STANDARDS AND XEV INCENTIVES AND SUBSIDIES

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Chile Commercial Vehicle Industry Segmentation

A commercial vehicle is a type of motor vehicle primarily used for transporting goods or passengers for business purposes. It includes a diverse range of vehicles such as trucks, buses, vans, and delivery vehicles designed to meet the specific needs of commercial enterprises and public transportation.

The Chile Commercial Vehicle Market is segmented based on vehicle type, and propulsion type. By vehicle type, the market is segmented as light commercial vehicles, medium & heavy-duty trucks, and buses & coaches. By propulsion type, the market is segmented as internal combustion engine (ICE), and electric & hybrid. Internal Combustion Engine (ICE) is further segmented into petrol and diesel. The report offers market size and forecasts for all the above segments in terms of value (USD).

By Vehicle Type Light Commercial Vehicles
Medium & Heavy-duty Trucks
Buses & Coaches
By Propulsion Type Internal Combustion Engine (ICE) Petrol
Diesel
Electric & Hybrid
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Chile Commercial Vehicle Market Research FAQs

How big is the Chile Commercial Vehicle Market?

The Chile Commercial Vehicle Market size is expected to reach USD 8.08 million in 2025 and grow at a CAGR of 3.5% to reach USD 9.60 million by 2030.

What is the current Chile Commercial Vehicle Market size?

In 2025, the Chile Commercial Vehicle Market size is expected to reach USD 8.08 million.

What years does this Chile Commercial Vehicle Market cover, and what was the market size in 2024?

In 2024, the Chile Commercial Vehicle Market size was estimated at USD 7.80 million. The report covers the Chile Commercial Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chile Commercial Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Chile Commercial Vehicle Industry Report

Statistics for the 2025 Chile Commercial Vehicle market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chile Commercial Vehicle analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.