World News: 12:07 GMT Monday 20th March 2017. [Research and Markets via Businesswire via SPi World News]
Research and Markets has announced the addition of the "Automobile Industry Forecast to 2021: Singapore, Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia" report to their offering.
The development of the automobile industry differs greatly among the Southeast Asian countries. According to the analysis of CRI, Thailand is the most developed country in terms of automobile manufacturing. Some world's leading automobile manufacturers, such as Ford, Honda, Toyota and BMW have built factories in Thailand. In 2016, the production volume of automobiles was 2 million. The export volume of automobiles in Thailand was over 1 million.
There are a lot of whole vehicle manufacturers in the Philippines, Malaysia, Vietnam and Indonesia. Myanmar has a small-scale automobile assembly industry. Singapore, Brunei, Laos and Cambodia do not have the automobile manufacturing industry. Generally speaking, automobile markets in most Southeast Asian countries are highly dependent on import. The imported products include whole vehicles and auto parts.
In general, the sales volume of automobiles in Southeast Asia presents an upward trend in recent years. Especially, the constant economic development in the Philippines and Vietnam stimulates the sales growth of automobiles.
It is predicted that the automobile industry in Southeast Asia will maintain the fast growth from 2017 to 2021. For one thing, the relatively low labor cost in Southeast Asia will encourage whole vehicle and accessory manufacturers to shift the production capacity to this region. For another, the increasing demand for automobiles in Southeast Asian market will promote the export from the worldwide vehicle and accessory manufacturers to these countries.
Key Topics Covered:
1 Analysis of Automobile Industry in Singapore
2 Analysis of Automobile Industry in Thailand
3 Analysis of Automobile Industry in the Philippines
4 Analysis of Automobile Industry in Malaysia
5 Analysis of Automobile Industry in Indonesia
6 Analysis of Automobile Industry in Vietnam
7 Analysis of Automobile Industry in Myanmar
8 Analysis of Automobile Industry in Brunei
9 Analysis of Automobile Industry in Laos
10 Analysis of Automobile Industry in Cambodia
- Ford Vietnam
- HINO Vietnam
- Mercedes Benz Vietnam
- Proton Auto
For more information about this report visit http://www.researchandmarkets.com/research/4vf57k/automobile
Business Wire: 12:07 GMT Monday 20th March 2017
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