Asian automotive industry-Automotive industry overview

 

Asian automotive industry

Introduction

The automotive industry is a huge and growing sector, with a lot of potential for growth in the coming years. In this article, we’re going to take a look at the asean automotive industry, and see what opportunities it offers both businesses and consumers.

Automotive industry overview

The automotive industry in ASEAN is growing rapidly as the region strives to become a key global automotive production hub. With more than 600 million people across the 10 countries in ASEAN, the automotive market is enormous. And with incomes rising and more people getting access to cars, the demand for vehicles is only going to grow.
In 2015, the automotive market in ASEAN was worth US$77.2 billion. That’s expected to grow to US$118.7 billion by 2025, according to a study by IHSMarkit. This growth is being driven by increasing car ownership rates and ever-expanding consumer markets in the region. In Thailand, for example, there are now more than 101 million registered vehicles, making it one of the world’s top five car markets.
ASEAN has also made significant strides in electric vehicle (EV) technology over the past few years. In 2016, Thailand became the world’s first country to allow 100 percent electric vehicle sales – and EV sales continue to grow in the region, with EV sales accounting for about one-quarter of all new vehicle sales in 2018. This momentum is being driven by government policies and increasing consumer demand for lower-em

The regional automotive industry

The automotive industry in Southeast Asia is growing rapidly, with the region expected to account for 14% of the world’s total vehicle production by 2020. This growth is being driven by increasing demand from the region’s burgeoning middle class and rapid industrialization. The automotive market in Southeast Asia is highly competitive, with a number of regional players vying for market share.

The automotive sector in Southeast Asia is dominated by two major manufacturers: Toyota and Honda. Both companies have established production facilities in the region, and both are actively expanding their operations. Hyundai has also entered the region, but its presence is relatively limited. Renault recently announced plans to establish a manufacturing facility in Thailand, marking the first time a global automaker has chosen to invest in the Thai market.

The automotive industry in Southeast Asia is highly fragmented, with a number of small manufacturers struggling to keep up with the regional competition. This situation is likely to continue as the region’s manufacturers focus on expanding their product lines and targeting new markets.

Manufacturing in the automotive industry

The automotive industry is one of the most important in ASEAN. It employs more than 1.5 million people and contributes about US$30 billion to the regional economy. In 2013, Indonesia was the biggest automotive producer in the region, with sales of about US$11 billion. Thailand was second, with sales of about US$8 billion, while Malaysia was third with sales of about US$6 billion.

ASEAN countries have some common challenges when it comes to manufacturing vehicles. The region has a small population and limited land resources, so automakers have to be creative in how they design and build cars. Additionally, many parts used in cars are imported from other parts of the world, so automakers have to find ways to reduce costs while still meeting strict safety and quality standards.

Some automakers are making a concerted effort to address these challenges. Honda has been working on a new assembly plant in Indonesia that will produce trucks and other vehicles using locally sourced parts. Toyota is expanding its plant in Thailand by adding production capacity for the Camry sedan and other models. Nissan is investing in a new plant in Malaysia that will produce vehicles using all-electric powertrains.

These investments are likely to pay off in

Trade and investment in the automotive industry

The automotive industry is one of the most important sectors in Southeast Asia. The region has a population of over 600 million and an annual GDP of over $1 trillion. The automotive industry is expected to grow at a rate of 7% each year through 2020. This growth is due to the increasing demand for vehicles and the increasing trend of people using cars as their main mode of transportation.

The automotive industry in Southeast Asia has been growing rapidly in recent years. The region is home to some of the world’s leading automakers, including Toyota, Honda, and Nissan. These companies have established production facilities in various countries in Southeast Asia, including Thailand, Indonesia, Malaysia, and the Philippines. In addition, multinationals such as BMW, Ford, and Renault have invested in local joint ventures to produce vehicles in the region.

The automotive industry in Southeast Asia is dominated by local companies. However, multinationals are also active in the region. The major players in the automotive industry include Toyota Motor Corporation (Thailand), Honda Motor Company (Japan), Mitsubishi Motors (Japan), Nissan Motor Company (Japan), Proton Holdings Berhad (Malaysia), and Ford Motor Company (USA). These companies account for about

Regulations and conformity assessment in the automotive industry

Automotive industry is one of the most important and fastest growing industries in Southeast Asia. The region accounts for about 16% of global automotive production. In terms of sales, the automotive market in ASEAN is estimated to be US$59.5 billion by 2025, up from US$51.5 billion in 2017.
Despite rapid growth, the automotive industry faces several challenges including regulations and conformity assessment (CA).
The regulatory environment in ASEAN countries varies significantly, with some having more favourable policies than others. Each country has its own set of regulations covering a variety of topics such as vehicle safety, fuel economy, emission standards and product testing.
Automotive companies must comply with these regulations to continue selling their products in ASEAN countries.
In order to meet the various regulatory demands, automakers must carry out CA exercises on their products. CA is a vital part of ensuring that products conform to all local requirements and are safe for consumers.
There are a number of different types of CA tests that automakers must carry out, including characterisation tests (CTs), functional tests (FTs) and durability tests (DTs). CTs focus on the physical characteristics of a product, such as weight and

Automotive services in ASEAN

ASEAN automotive industry is growing rapidly, with new vehicle and engine manufacturers entering the market. OEMs have been expanding their operations into the region to tap into growing demand for automotive services. In this article, we take a look at some of the key automotive services providers in ASEAN.

1. JAC Motors: Started as a sole importer of luxury cars in Singapore in 1984, JAC Motors now has a presence in eight ASEAN countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Thailand and Vietnam. The company offers a wide range of services including car sales, service and repair facilities. It has also ventured into new businesses such as leasing and financing.

2. Toyota Motor Corporation (TMC): TMC is one of the world’s leading automakers and its operations in ASEAN include manufacturing and sales of automobiles, trucks, buses, RVs and SUVs. The company has manufacturing facilities in six ASEAN countries- Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam- and has been selling vehicles in these markets for over 30 years. Toyota also offers a wide range of automotive services such as car rental and leasing; body repair; parts

Conclusion

The automotive industry in Southeast Asia is growing exponentially and it’s poised to become one of the most important regions for car manufacturing in the world. The region has a population of over 1.3 billion people, which means there are an immense number of potential customers who could be buying cars within the next few years. Already, many car factories are located in Southeast Asia and more are expected to open up in the near future as companies look for low-cost production facilities.

Asian automakers have been pioneers when it comes to electric and hybrid vehicles, so it will be interesting to see how they compete against American brands that are well-established in this market segment. In addition, Thailand is home to some of the world’s leading suppliers of components and materials used in automotive manufacturing, so there is plenty of opportunity for Southeast Asian manufacturers to tap into this market.

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