ASEAN Automotive Outlook Report 2021-2025 with a focus on Thailand, Indonesia and Malaysia

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DUBLIN, December 9, 2021 / PRNewswire / – The “ASEAN Automotive Outlook, 2021” report has been added to ResearchAndMarkets.com offer.

This study assesses the automotive market in key ASEAN countries, with an emphasis on Thailand, Indonesia, and Malaysia. It gives an overview of the automotive market in these 3 ASEAN countries.

Each country snapshot covers Total Industry Volume (VTI), in historical period (2016-2020) and forecast period (2021-2025). This research includes the segmentation breakdown in 2020 such as vehicle segment, major original equipment manufacturers (OEMs) and market share. Further, it highlights 5 key trends and overall impact levels that will influence the automotive market in Thailand, Indonesia, and Malaysia in 2021, respectively.

In 2020, due to the COVID-19 pandemic, the Association of Southeast Asian Nations (ASEAN) automotive market saw a significant sales decline of 28.5%, from a total from 3.5 million units in 2019 to 2.5 million units in 2020. Passengers Vehicles (PV) represented 63.9% of the market and commercial vehicles (LCs) represented 36.1%. Among these, Thailand, Indonesia, and Malaysia contributed a common market share of 74.9%. Thailand outmoded Indonesia and dominated the market in 2020.

Particularly in 2020, the outbreak of the COVID-19 pandemic has influenced the activities of the automotive market due to the implementation of social distancing, the reduction of retail operations and production shutdowns. The impact is expected to be significant in terms of lower gross domestic product (GDP), lower vehicle use and attractiveness of short-term vehicle purchases.

An increase in public spending (including tax injections, infrastructure development, individual financial assistance and tax exemption) in Thailand, Indonesia, and Malaysia in 2021 is likely to accelerate economic activity in these countries. In addition, the progress of vaccination is one of the critical factors that have a significant relationship with the recovery of GDP and the control of epidemics. However, political uncertainties, such as the suspension of the Malaysian Parliament and the extension of the state of emergency in Thailand affect the development of the country.

Japanese auto brands dominate the ASEAN market. Toyota, Honda, Mitsubishi, Nissan and Isuzu are the main contributors to Thailand, Indonesia, and Malaysia. In particular, Isuzu D-Max and Toyota Hilux are the main contributors in the commercial vehicle (CV) segment in Thailand and Malaysia. In Malaysia, Proton increased significantly in 2020, an increase of 4.4% year-over-year (year-over-year).

The development trend of low cost green cars (LCGC) and electric vehicles (EV) will spread further in ASEAN. For example, Thailand aims to become an EV hub by 2025. Thailand The national electric vehicle roadmap aims for xEV production to reach 30% of total production by 2030. Likewise, the Indonesian government promotes LCGCs and offers tax incentives (up to 20 years of total exemption from corporation tax) which are likely to attract the attractiveness of production to the automobile. Marlet.

Main topics covered:

1. Main conclusions

  • Main conclusions
  • Total Industry Volume (TIV) in Major ASEAN Markets
  • Main trends for 2021

2. Research context

3. Strategic imperatives

  • Why is it more and more difficult to cultivate?
  • The strategic imperative
  • The impact of the 3 main strategic imperatives on the ASEAN automotive market
  • Growth opportunities fuel the engine of the growth pipeline

4. Global economic environment

  • Impact of COVID-19 on Global GDP Growth
  • Global Growth Scenario Analysis – Assumptions
  • Global GDP growth under different scenarios
  • Impact of COVID-19 on key regions

5. Growth Environment – ASEAN Automotive Market in 2021

  • ASEAN – An Overview
  • TIV in key ASEAN markets
  • ASEAN TIV – Market Snapshot
  • Position of ASEAN countries on the growth potential curve
  • Motorization in ASEAN
  • ASEAN Emissions Regulations

6. Thailand Automotive Outlook

  • Key growth indicators
  • Total Industry Volume by Vehicle Segment
  • Percentage of TIV by vehicle segment in 2020
  • Market share analysis
  • Key market trends expected in Thailand in 2021
  • Trend 1 – COVID-19 pandemic and containment in certain areas
  • Trend 2 – GDP recovery and tourism industry
  • Trend 3 – National roadmap for the development of the electric vehicle industry
  • Trend 4 – Political uncertainty and prolongation of the state of emergency
  • Trend 5 – Increase in government spending and financial assistance
  • TIV forecast scenario analysis
  • Main conclusions

7. Indonesia Automotive Outlook

  • Key growth indicators
  • Total Industry Volume by Vehicle Segment
  • Percentage of VTI by vehicle segment
  • Market share analysis
  • Key market trends expected in Indonesia in 2021
  • Trend 1 – COVID-19 Pandemic and Immunization Progress
  • Trend 2 – GDP recovery
  • Trend 3 – National roadmap for the development of the automotive industry
  • Trend 4 – Development and promotion of low cost green cars
  • Trend 5 – Increase in government spending and infrastructure development
  • TIV forecast scenario analysis
  • Main conclusions

8. Malaysian Automotive Outlook

  • Key growth indicators
  • Total Industry Volume by Vehicle Segment
  • Percentage of VTI by vehicle segment
  • Market share analysis
  • Key market trends expected in Malaysia in 2021
  • Trend 1 – COVID-19 pandemic and national containment
  • Trend 2 – GDP recovery and immunization progress
  • Trend 3 – Political uncertainty and Parliament suspended
  • Trend 4 – Increase in government spending and tax exemption
  • Trend 5 – Launch of new models
  • TIV forecast scenario analysis
  • Main conclusions

9. Universe of growth opportunities

  • Growth opportunity 1: Continuous development of the market for improving auto sales in Thailand, 2020
  • Growth opportunity 2: Continuous development of the market for improving automotive sales in Indonesia, 2020
  • Growth Opportunity 3: Continuous Market Development to Improve Automobile Sales in Malaysia, 2020

10. Next steps

Companies mentioned

  • Honda
  • Isuzu
  • Mitsubishi
  • Nissan
  • Proton
  • Toyota

For more information on this report visit https://www.researchandmarkets.com/r/4dfrr0

Media contact:

Research and markets
Laura Wood, senior
[email protected]

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SOURCE Research and Markets

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