ASEAN Automotive Outlook, 2023

ASEAN Automotive Outlook, 2023

Region to Strengthen Production Capacity with Entry of More Foreign Stakeholders, Led by China and South Korea

RELEASE DATE
31-May-2023
REGION
Asia Pacific
Deliverable Type
Market Outlook
Research Code: PE9E-01-00-00-00
SKU: AU02546-AP-MO_27722
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Description

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

Table of Contents

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

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
More Information
Deliverable Type Market Outlook
Author Ming Lih Chan
Industries Automotive
No Index No
Is Prebook No
Keyword 1 ASEAN Automotive Industry
Keyword 2 ASEAN Automotive Market
Keyword 3 ASEAN Automotive Aftermarket
Podcast No
WIP Number PE9E-01-00-00-00