Automotive ASEAN Automotive Outlook, 2022

Transformative Mega Trends Accelerate the Production and Sales of Hybrid and Electric Powertrain Solutions in ASEAN

INDUSTRY
Automotive

RELEASE DATE
27-Apr-2022
REGION
Asia Pacific
DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
PCE2-01-00-00-00
SKU
AU02320-AP-MO_26495
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ASEAN Automotive Outlook, 2022
Published on: 27-Apr-2022 | SKU: AU02320-AP-MO_26495

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This research service evaluates the Association of Southeast Asian Nations (ASEAN) automotive market, focusing on key countries, including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

This study discusses passenger vehicles and pickup trucks (pickups). Pickups are the most common and popular commercial vehicles used daily in different geographies and industries, including agriculture. These vehicles hold the largest commercial vehicle segment share in the region.

ASEAN has automotive production bases in Indonesia, Malaysia, Thailand, and Vietnam. In addition, growth in GDP, urbanization, and road infrastructure accelerated the sales and adoption of private vehicles.

After the severe drop in TIV in 2020 due to the COVID-19 pandemic, sales in the ASEAN automotive market recovered from 2.5 million units in 2020 to 2.8 million units in 2021, a year-over-year increase of 14.5%. The market share of Indonesia, Thailand, and Malaysia increased from 75.4% in 2020 to 76.3% in 2021. In particular, Indonesia faced the strongest growth in 2021, with a year-over-year increase of 66.8%. In addition, Indonesia overtook Thailand and regained its market dominance in ASEAN, which was lost in 2020.

Frost & Sullivan highlights the total size of the respective automotive market and provides historical and forecast data from 2018 to 2022. It defines key highlights of the ASEAN automotive industry in 2021 and future market trends in 2022.

With global emission reduction and electrification trends, this study discusses the breakdown of hybrid electric vehicles (HEVs) and electric vehicles (EVs), including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). In addition, it analyzes the charging infrastructure, shared mobility with a focus on car sharing and eHailing, and connected vehicles.

Author: Ming Lih Chan

Key Highlights of the ASEAN Automotive Industry, 2021

ASEAN Overview

ASEAN Automotive Industry Historic Sales

The 2021 ASEAN Automotive Market, Actuals versus Forecast

Top Predictions for 2022

Top 12 Transformation Shifts, 2021

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the ASEAN Automotive Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation, 2021

Top 5 Global Economic Highlights of 2021

Top 5 Global Economic Predictions for 2022

Global GDP Growth

2022 Scenario Analysis—Quarterly Global Growth

2022 Scenario Analysis—Assumptions

2022 Global GDP Growth Snapshot

Advanced Economies—Predictions for 2022

Emerging Market Economies—Predictions for 2022

Top 5 Global Predictions For 2022—Macroeconomic Policies and Developments

2022 Growth Opportunities—Top 3 Opportunities by Region

2022 Regional Trends—Risks and Policy Direction

Key Growth Metrics, Indonesia

Total Industry Volume (TIV) and Forecast, Indonesia

Market Share Analysis, Indonesia

Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Indonesia

Charging Infrastructure, Indonesia

Car Sharing (Shared Mobility), Indonesia

eHailing (Shared Mobility), Indonesia

Connected Vehicles, Indonesia

Key Market Trends in Indonesia, 2022

Key Growth Metrics, Malaysia

Total Industry Volume (TIV) and Forecast, Malaysia

Market Share Analysis, Malaysia

Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Malaysia

Charging Infrastructure, Malaysia

Car Sharing (Shared Mobility), Malaysia

eHailing (Shared Mobility), Malaysia

Connected Vehicles, Malaysia

Key Market Trends in Malaysia, 2022

Key Growth Metrics, Philippines

Total Industry Volume (TIV) and Forecast, Philippines

Market Share Analysis, Philippines

Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market, Philippines

Charging Infrastructure, Philippines

Car Sharing (Shared Mobility), Philippines

eHailing (Shared Mobility), Philippines

Connected Vehicles, Philippines

Key Market Trends in Philippines, 2022

Key Growth Metrics, Thailand

Total Industry Volume (TIV) and Forecast, Thailand

Market Share Analysis, Thailand

Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Thailand

Charging Infrastructure, Thailand

Car Sharing (Shared Mobility), Thailand

eHailing (Shared Mobility), Thailand

Connected Vehicles, Thailand

Key Market Trends in Thailand, 2022

Key Growth Metrics, Vietnam

Total Industry Volume (TIV) and Forecast, Vietnam

Market Share Analysis, Vietnam

Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Vietnam

Charging Infrastructure, Vietnam

Car Sharing (Shared Mobility), Vietnam

eHailing (Shared Mobility), Vietnam

Connected Vehicles, Vietnam

Key Market Trends in Vietnam, 2022

Growth Opportunity 1—Continuous Development for Higher Sales of Passenger Vehicles and Pickups to Meet the Growing Demand

Growth Opportunity 1—Continuous Development for Higher Sales of Passenger Vehicles and Pickups to Meet the Growing Demand (continued)

Growth Opportunity 2—Domestic Production for Greater Sales Advantage of HEVs and EVs to Stimulate Powertrain Transformation Development

Growth Opportunity 2—Domestic Production for Greater Sales Advantage of HEVs and EVs to Stimulate Powertrain Transformation Development (continued)

Growth Opportunity 3—Smart Mobility for Vehicle Connectivity

Growth Opportunity 3—Smart Mobility for Vehicle Connectivity (continued)

Key Conclusions, 2021

Key Conclusions and Future Outlook, 2021 and 2022

Table of Acronyms Used

Table of Acronyms Used (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • Automotive Industry: Geographical Structure, ASEAN, 2021
  • Automotive Industry: Key Macroeconomic Indicators, ASEAN, 2021
  • Automotive Industry: Historic Sales, ASEAN, 2018–2021
  • GDP Growth, Advanced, and Emerging and Developing Economies, Global, 2017–2022
  • GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022
  • Assumptions for Growth Scenarios, Global, 2022
  • GDP Growth Rate, Select Economies, 2020–2022
  • Macroeconomic Predictions and Scenario Outcomes, Global, 2022
  • Regional Risks and Policy Direction, Global, 2022
  • Automotive Industry: Key Growth Metrics, Indonesia, 2021
  • Automotive Industry: TIV and Forecast, Indonesia, 2018–2022F
  • Automotive Industry: TIV by Segment, Indonesia, 2021
  • Automotive Industry: TIV by OEMs, Indonesia, 2021
  • Automotive Industry: Top-selling Vehicle Models, Indonesia, 2021
  • Automotive Industry: TIV of HEVs and EVs, Indonesia, 2018–2022F
  • Automotive Industry: Top-selling HEV and EV Models, Indonesia, 2021
  • Automotive Industry: TIV of HEVs and EVs by OEMs, Indonesia, 2021
  • Automotive Industry: EV Charging Stations in Operation, Indonesia, 2018–2022F
  • Automotive Industry: Operational EV Charging Stations by Operators, Indonesia, 2021
  • Automotive Industry: TIV of Car Sharing, Indonesia, 2018–2022F
  • Automotive Industry: Car-sharing Fleets by Powertrain, Indonesia, 2021
  • Automotive Industry: TIV of eHailing, Indonesia, 2018–2022F
  • Automotive Industry: eHailing Fleets by Powertrain, Indonesia, 2021
  • Automotive Industry: eHailing Fleets by Service Offerings, Indonesia, 2021
  • Automotive Industry: Proportion of Connected Vehicles, Indonesia, 2021
  • Automotive Industry: Connected Vehicles by OEMs, Indonesia, 2021
  • Automotive Industry: Key Growth Metrics, Malaysia, 2021
  • Automotive Industry: TIV and Forecast, Malaysia, 2018–2022F
  • Automotive Industry: TIV by Segment, Malaysia, 2021
  • Automotive Industry: Top-selling Vehicle Models, Malaysia, 2021
  • Automotive Industry: TIV by OEMs, Malaysia, 2021
  • Automotive Industry: TIV of HEVs and EVs, Malaysia, 2018–2022F
  • Automotive Industry: TIV of HEVs and EVs by OEMs, Malaysia, 2021
  • Automotive Industry: Top-selling HEV and EV Models, Malaysia, 2021
  • Automotive Industry: EV Charging Stations in Operation, Malaysia, 2018–2022F
  • Automotive Industry: Operational EV Charging Stations by Operators, Malaysia, 2021
  • Automotive Industry: TIV of Car Sharing, Malaysia, 2018–2022F
  • Automotive Industry: Car-sharing Fleets by Powertrain, Malaysia, 2021
  • Automotive Industry: TIV of eHailing, Malaysia, 2018–2022F
  • Automotive Industry: eHailing Fleets by Powertrain, Malaysia, 2021
  • Automotive Industry: eHailing Fleets by Service Offerings, Malaysia, 2021
  • Automotive Industry: Proportion of Connected Vehicles, Malaysia, 2021
  • Automotive Industry: Connected Vehicles by OEMs, Malaysia, 2021
  • Automotive Industry: Key Growth Metrics, Philippines, 2021
  • Automotive Industry: TIV and Forecast, Philippines, 2018–2022F
  • Automotive Industry: TIV by Segment, Philippines, 2021
  • Automotive Industry: Top-selling Vehicle Models, Philippines, 2021
  • Automotive Industry: TIV by OEMs, Philippines, 2021
  • Automotive Industry: TIV of HEVs and EVs, Philippines, 2018–2022F
  • Automotive Industry: TIV of HEVs and EVs by OEMs, Philippines, 2021
  • Automotive Industry: Top-selling HEV and MHEV Models, Philippines, 2021
  • Automotive Industry: EV Charging Stations in Operation, Philippines, 2018–2022F
  • Automotive Industry: Operational EV Charging Stations by Operators, Philippines, 2021
  • Automotive Industry: TIV of Car Sharing, Philippines, 2018–2022F
  • Automotive Industry: TIV of eHailing, Philippines, 2018–2022F
  • Automotive Industry: eHailing Fleets by Powertrain, Philippines, 2021
  • Automotive Industry: eHailing Fleets by Service Offerings, Philippines, 2021
  • Automotive Industry: Proportion of Connected Vehicles, Philippines, 2021
  • Automotive Industry: Connected Vehicles by OEMs, Philippines, 2021
  • Automotive Industry: Key Growth Metrics, Thailand, 2021
  • Automotive Industry: TIV and Forecast, Thailand, 2018–2022F
  • Automotive Industry: TIV by Segment, Thailand, 2021
  • Automotive Industry: Top-selling Vehicle Models, Thailand, 2021
  • Automotive Industry: TIV by OEMs, Thailand, 2021
  • Automotive Industry: TIV of HEVs and EVs, Thailand, 2018–2022F
  • Automotive Industry: TIV of HEVs and EVs by OEMs, Thailand, 2021
  • Automotive Industry: Top-selling HEV and EV Models, Thailand, 2021
  • Automotive Industry: EV Charging Stations in Operation, Thailand, 2018–2022F
  • Automotive Industry: Operational EV Charging Stations by Operators, Thailand, 2021
  • Automotive Industry: TIV of Car Sharing, Thailand, 2018–2022F
  • Automotive Industry: Car-sharing Fleets by Powertrain, Thailand, 2021
  • Automotive Industry: TIV of eHailing, Thailand, 2018–2022F
  • Automotive Industry: eHailing Fleets by Powertrain, Thailand, 2021
  • Automotive Industry: eHailing Fleets by Service Offerings, Thailand, 2021
  • Automotive Industry: Proportion of Connected Vehicles, Thailand, 2021
  • Automotive Industry: Connected Vehicles by OEMs, Thailand, 2021
  • Automotive Industry: Key Growth Metrics, Vietnam, 2021
  • Automotive Industry: TIV and Forecast, Vietnam, 2018–2022F
  • Automotive Industry: TIV by OEMs, Vietnam, 2021
  • Automotive Industry: TIV by Segment, Vietnam, 2021
  • Automotive Industry: Top-selling Vehicle Models, Vietnam, 2021
  • Automotive Industry: TIV of HEVs and EVs, Vietnam, 2018–2022F
  • Automotive Industry: TIV of HEVs and EVs by OEMs, Vietnam, 2021
  • Automotive Industry: Top-selling HEV and EV Models, Vietnam, 2021
  • Automotive Industry: Operational EV Charging Stations by Operators, Vietnam, 2021
  • Automotive Industry: EV Charging Stations in Operation, Vietnam, 2018–2022F
  • Automotive Industry: TIV of Car Sharing, Vietnam, 2018–2022F
  • Automotive Industry: Car-sharing Fleets by Powertrain, Vietnam, 2021
  • Automotive Industry: TIV of eHailing, Vietnam, 2018–2022F
  • Automotive Industry: eHailing Fleets by Powertrain, Vietnam, 2021
  • Automotive Industry: eHailing Fleets by Service Offerings, Vietnam, 2021
  • Automotive Industry: Proportion of Connected Vehicles, Vietnam, 2021
  • Automotive Industry: Connected Vehicles by OEMs, Vietnam, 2021

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This research service evaluates the Association of Southeast Asian Nations (ASEAN) automotive market, focusing on key countries, including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. This study discusses passenger vehicles and pickup trucks (pickups). Pickups are the most common and popular commercial vehicles used daily in different geographies and industries, including agriculture. These vehicles hold the largest commercial vehicle segment share in the region. ASEAN has automotive production bases in Indonesia, Malaysia, Thailand, and Vietnam. In addition, growth in GDP, urbanization, and road infrastructure accelerated the sales and adoption of private vehicles. After the severe drop in TIV in 2020 due to the COVID-19 pandemic, sales in the ASEAN automotive market recovered from 2.5 million units in 2020 to 2.8 million units in 2021, a year-over-year increase of 14.5%. The market share of Indonesia, Thailand, and Malaysia increased from 75.4% in 2020 to 76.3% in 2021. In particular, Indonesia faced the strongest growth in 2021, with a year-over-year increase of 66.8%. In addition, Indonesia overtook Thailand and regained its market dominance in ASEAN, which was lost in 2020. Frost & Sullivan highlights the total size of the respective automotive market and provides historical and forecast data from 2018 to 2022. It defines key highlights of the ASEAN automotive industry in 2021 and future market trends in 2022. With global emission reduction and electrification trends, this study discusses the breakdown of hybrid electric vehicles (HEVs) and electric vehicles (EVs), including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). In addition, it analyzes the charging infrastructure, shared mobility with a focus on car sharing and eHailing, and connected vehicles. Author: Ming Lih Chan
More Information
Deliverable Type Market Outlook
Author Ming Lih Chan
Industries Automotive
No Index No
Is Prebook No
List of Charts and Figures Automotive Industry: Geographical Structure, ASEAN, 2021~ Automotive Industry: Key Macroeconomic Indicators, ASEAN, 2021~ Automotive Industry: Historic Sales, ASEAN, 2018–2021~ GDP Growth, Advanced, and Emerging and Developing Economies, Global, 2017–2022~ GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022~ Assumptions for Growth Scenarios, Global, 2022~ GDP Growth Rate, Select Economies, 2020–2022~ Macroeconomic Predictions and Scenario Outcomes, Global, 2022~ Regional Risks and Policy Direction, Global, 2022~ Automotive Industry: Key Growth Metrics, Indonesia, 2021~ Automotive Industry: TIV and Forecast, Indonesia, 2018–2022F~ Automotive Industry: TIV by Segment, Indonesia, 2021~ Automotive Industry: TIV by OEMs, Indonesia, 2021~ Automotive Industry: Top-selling Vehicle Models, Indonesia, 2021~ Automotive Industry: TIV of HEVs and EVs, Indonesia, 2018–2022F~ Automotive Industry: Top-selling HEV and EV Models, Indonesia, 2021~ Automotive Industry: TIV of HEVs and EVs by OEMs, Indonesia, 2021~ Automotive Industry: EV Charging Stations in Operation, Indonesia, 2018–2022F~ Automotive Industry: Operational EV Charging Stations by Operators, Indonesia, 2021~ Automotive Industry: TIV of Car Sharing, Indonesia, 2018–2022F~ Automotive Industry: Car-sharing Fleets by Powertrain, Indonesia, 2021~ Automotive Industry: TIV of eHailing, Indonesia, 2018–2022F~ Automotive Industry: eHailing Fleets by Powertrain, Indonesia, 2021~ Automotive Industry: eHailing Fleets by Service Offerings, Indonesia, 2021~ Automotive Industry: Proportion of Connected Vehicles, Indonesia, 2021~ Automotive Industry: Connected Vehicles by OEMs, Indonesia, 2021~ Automotive Industry: Key Growth Metrics, Malaysia, 2021~ Automotive Industry: TIV and Forecast, Malaysia, 2018–2022F~ Automotive Industry: TIV by Segment, Malaysia, 2021~ Automotive Industry: Top-selling Vehicle Models, Malaysia, 2021~ Automotive Industry: TIV by OEMs, Malaysia, 2021~ Automotive Industry: TIV of HEVs and EVs, Malaysia, 2018–2022F~ Automotive Industry: TIV of HEVs and EVs by OEMs, Malaysia, 2021~ Automotive Industry: Top-selling HEV and EV Models, Malaysia, 2021~ Automotive Industry: EV Charging Stations in Operation, Malaysia, 2018–2022F~ Automotive Industry: Operational EV Charging Stations by Operators, Malaysia, 2021~ Automotive Industry: TIV of Car Sharing, Malaysia, 2018–2022F~ Automotive Industry: Car-sharing Fleets by Powertrain, Malaysia, 2021~ Automotive Industry: TIV of eHailing, Malaysia, 2018–2022F~ Automotive Industry: eHailing Fleets by Powertrain, Malaysia, 2021~ Automotive Industry: eHailing Fleets by Service Offerings, Malaysia, 2021~ Automotive Industry: Proportion of Connected Vehicles, Malaysia, 2021~ Automotive Industry: Connected Vehicles by OEMs, Malaysia, 2021~ Automotive Industry: Key Growth Metrics, Philippines, 2021~ Automotive Industry: TIV and Forecast, Philippines, 2018–2022F~ Automotive Industry: TIV by Segment, Philippines, 2021~ Automotive Industry: Top-selling Vehicle Models, Philippines, 2021~ Automotive Industry: TIV by OEMs, Philippines, 2021~ Automotive Industry: TIV of HEVs and EVs, Philippines, 2018–2022F~ Automotive Industry: TIV of HEVs and EVs by OEMs, Philippines, 2021~ Automotive Industry: Top-selling HEV and MHEV Models, Philippines, 2021~ Automotive Industry: EV Charging Stations in Operation, Philippines, 2018–2022F~ Automotive Industry: Operational EV Charging Stations by Operators, Philippines, 2021~ Automotive Industry: TIV of Car Sharing, Philippines, 2018–2022F~ Automotive Industry: TIV of eHailing, Philippines, 2018–2022F~ Automotive Industry: eHailing Fleets by Powertrain, Philippines, 2021~ Automotive Industry: eHailing Fleets by Service Offerings, Philippines, 2021~ Automotive Industry: Proportion of Connected Vehicles, Philippines, 2021~ Automotive Industry: Connected Vehicles by OEMs, Philippines, 2021~ Automotive Industry: Key Growth Metrics, Thailand, 2021~ Automotive Industry: TIV and Forecast, Thailand, 2018–2022F~ Automotive Industry: TIV by Segment, Thailand, 2021~ Automotive Industry: Top-selling Vehicle Models, Thailand, 2021~ Automotive Industry: TIV by OEMs, Thailand, 2021~ Automotive Industry: TIV of HEVs and EVs, Thailand, 2018–2022F~ Automotive Industry: TIV of HEVs and EVs by OEMs, Thailand, 2021~ Automotive Industry: Top-selling HEV and EV Models, Thailand, 2021~ Automotive Industry: EV Charging Stations in Operation, Thailand, 2018–2022F~ Automotive Industry: Operational EV Charging Stations by Operators, Thailand, 2021~ Automotive Industry: TIV of Car Sharing, Thailand, 2018–2022F~ Automotive Industry: Car-sharing Fleets by Powertrain, Thailand, 2021~ Automotive Industry: TIV of eHailing, Thailand, 2018–2022F~ Automotive Industry: eHailing Fleets by Powertrain, Thailand, 2021~ Automotive Industry: eHailing Fleets by Service Offerings, Thailand, 2021~ Automotive Industry: Proportion of Connected Vehicles, Thailand, 2021~ Automotive Industry: Connected Vehicles by OEMs, Thailand, 2021~ Automotive Industry: Key Growth Metrics, Vietnam, 2021~ Automotive Industry: TIV and Forecast, Vietnam, 2018–2022F~ Automotive Industry: TIV by OEMs, Vietnam, 2021~ Automotive Industry: TIV by Segment, Vietnam, 2021~ Automotive Industry: Top-selling Vehicle Models, Vietnam, 2021~ Automotive Industry: TIV of HEVs and EVs, Vietnam, 2018–2022F~ Automotive Industry: TIV of HEVs and EVs by OEMs, Vietnam, 2021~ Automotive Industry: Top-selling HEV and EV Models, Vietnam, 2021~ Automotive Industry: Operational EV Charging Stations by Operators, Vietnam, 2021~ Automotive Industry: EV Charging Stations in Operation, Vietnam, 2018–2022F~ Automotive Industry: TIV of Car Sharing, Vietnam, 2018–2022F~ Automotive Industry: Car-sharing Fleets by Powertrain, Vietnam, 2021~ Automotive Industry: TIV of eHailing, Vietnam, 2018–2022F~ Automotive Industry: eHailing Fleets by Powertrain, Vietnam, 2021~ Automotive Industry: eHailing Fleets by Service Offerings, Vietnam, 2021~ Automotive Industry: Proportion of Connected Vehicles, Vietnam, 2021~ Automotive Industry: Connected Vehicles by OEMs, Vietnam, 2021~
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ASEAN Automotive Outlook, 2022

$4,950.00

Special Price $3,712.50 save 25 %

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SKU
AU02320-AP-MO_26495