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ASEAN Automotive Outlook, 2023
Region to Strengthen Production Capacity with Entry of More Foreign Stakeholders, Led by China and South Korea
31-May-2023
Asia Pacific
Market Outlook
PE9E-01-00-00-00
AU02546-AP-MO_27722
This study assesses the automotive market in the Association of Southeast Asian Nations (ASEAN) and focuses on the 5 main markets: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The analysis covers passenger vehicles (PVs) and pickups. In the ASEAN automotive market, pickups are the most used and popular commercial vehicles (CVs) in various geographies and industries, including agriculture. The segment has a larger market share than PVs.
ASEAN developed automotive production bases, and active production countries are Indonesia, Malaysia, Thailand, and Vietnam. The region houses assembly plants of foreign and domestic OEMs, such as Perodua and Proton from Malaysia and VinFast from Vietnam. As an emerging region, ASEAN’s GDP, urbanization, road infrastructure, and living standards continue to rapidly grow and will accelerate private vehicle sales and ownership. However, the automotive market faces challenges owing to geopolitical conflicts and supply chain disruptions, which are causing chip shortages and delivery delays. In 2022, the ASEAN automotive market continued to grow at a positive rate because of pent-up demand during the pandemic and economic growth recovery.
The study outlines the total size of respective automotive markets, provides historical and forecast data from 2021 to 2023, defines the main highlights of the ASEAN automotive industry in 2022, and describes market trends in 2023.
Author: Ming Lih Chan
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Association of Southeast Asian Nations (ASEAN) Automotive Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
ASEAN Overview
Automotive Sales by Country
Findings: A Recap of 2022
Findings: Top 5 Predictions for 2023
Notable Regulations and Mandates: A Snapshot
Automotive Market by Country
PV Sales Trend
Market Share Analysis
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Market Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
Research Scope
Market Segmentation and Definition
Scope of Analysis
Top Trends Driving the ASEAN PV Market
Trend 1: EV Incentives
Trend 2: Foreign OEMs
Trend 3: Powertrain Diversification
2022 Country Analysis: Indonesia
2022 Vendor Analysis: Indonesia
2022 Country Analysis: Malaysia
2022 Vendor Analysis: Malaysia
2022 Country Analysis: the Philippines
2022 Vendor Analysis: the Philippines
2022 Country Analysis: Thailand
2022 Vendor Analysis: Thailand
2022 Country Analysis: Vietnam
2022 Vendor Analysis: Vietnam
Growth Opportunity 1: Thailand and Indonesia as EV Accelerators
Growth Opportunity 1: Thailand and Indonesia as EV Accelerators (continued)
Growth Opportunity 2: xEV as Alternative Powertrain
Growth Opportunity 2: xEV as Alternative Powertrain (continued)
Growth Opportunity 3: Industry 4.0
Growth Opportunity 3: Industry 4.0 (continued)
Conclusions: 2022
Table of Acronyms Used
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Automotive Industry: Geographic Structure, ASEAN, 2022
- Automotive Industry: Main Macroeconomic Indicators, ASEAN, 2022
- Automotive Industry: Automotive Sales by Country, ASEAN, 2021, 2022, and 2023
- Automotive Industry: Annual Growth of Key Countries, ASEAN, 2022 and 2023
- Automotive Industry: PV and Pickup Sales Trend, ASEAN, 2021–2022
- Automotive Industry: Automotive Market Breakdown by OEMs, ASEAN, 2022
- Automotive Industry: Top Market Trends, ASEAN, 2022
- Best Practices: EV Incentives Overview, Thailand, 2022
- Best Practices: Local Production Advantages, Indonesia, 2022
- Best Practices: Toyota Overview, ASEAN, 2022
- Automotive Industry: Country Analysis, Indonesia, 2021–2023
- Automotive Industry: OEMs Analysis, Indonesia, 2021–2022
- Automotive Industry: Country Analysis, Malaysia, 2021–2023
- Automotive Industry: OEMs Analysis, Malaysia, 2021–2022
- Automotive Industry: Country Analysis, the Philippines, 2021–2023
- Automotive Industry: OEMs Analysis, the Philippines, 2021–2022
- Automotive Industry: Country Analysis, Thailand, 2021–2023
- Automotive Industry: OEMs Analysis, Thailand, 2021–2022
- Automotive Industry: Country Analysis, Vietnam, 2021–2023
- Automotive Industry: OEMs Analysis, Vietnam, 2021–2022
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