Market Research Report
Asia Pacific Car Manufacturing Market, By Key Players (Nissan, Ford, Volkswagen, Hyundai, General Motors, and Tata) By Country (India, China, Thailand, Indonesia and Rest of Asia Pacific) - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025
|Published by||AnalystView Market Insights||Product code||874740|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Asia Pacific Car Manufacturing Market, By Key Players (Nissan, Ford, Volkswagen, Hyundai, General Motors, and Tata) By Country (India, China, Thailand, Indonesia and Rest of Asia Pacific) - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025|
|Published: June 1, 2019||Content info: 102 Pages||
The Asia Pacific car manufacturing market was valued at USD 428.1 billion by 2017, growing with 5.4% CAGR during the forecast period, 2018-2025.
The car manufacturing market will be analyzed taking car manufacturers as players. Countries such as India and China accounted for the highest revenue share owing to the presence of large number of key players. Domestic demand is driving production growth in India, but this is something of a waiting game for manufacturers as low incomes are unlikely to yield the kind of spending power required for a car purchase. Over the last decade, the car manufacturing industry in Asia Pacific has undergone the transformation. Although Europe and North America are the largest markets globally, Asia Pacific countries are taking an increasing share of global automotive sales and is the only major market projected to see continued strong growth.
Thailand, the APAC region's biggest manufacturer, is posting annual production over to 3 million units by 2025. Also, the coutrny The country is planning to exempt tax for companies who want to manufacture EV components, which will support the country growth. Thailand faces strong competition from Indonesia, which has its goal of becoming the leading production hub in APAC. Furthermore, rising number of infrastructure projects across the multiple countries in the APAC region are setting strong platform for industry growth
The industry is fragmented in nature. Key players are expanding their presence in these regions through strategic mergers and acquisitions. For instance, in October 2018, Chinese automotive brand, the SAIC Motor Corporation, expanded its presence in India market through a new company MG Motor India. On contrary, the doors are closing in Australian car manufacturing in 2017 with General Motors and Toyota set to close in mid of 2017. Whereas, Ford closed its doors in 2016 following high production volume; however car manufacturing in Australia did not seem to have enough demand to survive in the long term. Such factors would in turn pull back the overall Asia Pacific industry growth.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows: