Association of South East Asian Nations (ASEAN) offers considerable opportunities to global automakers. Thailand leads ASEAN automotive production, followed by Indonesia. Passenger vehicles dominate automotive production in the region and Japanese automakers dominate automotive manufacturing in ASEAN.
Production volumes in ASEAN are driven by high exports and domestic demand, and government support through incentive programs that support OEM capacity expansions. However, production growth in the region also faces certain restraints such as stricter regulations, taxes, and increasing labor and raw material costs.
Thailand made a recovery in 2012 after a decline in production in 2011 due to disastrous floods. Driven by the phenomenal success of the Phase 1 Eco-Car Program, along with the First-Car Buyer Incentive Scheme, Thailand saw record automotive production in 2012. The popular pickup segment continued to dominate the production chain, driven by Japanese brands such as Toyota and Mitsubishi that led the market.
About this report
This research service gives an overview of the trends in automotive production in ASEAN, which includes Thailand, Malaysia, Indonesia, Vietnam, and the Philippines, with detailed focus on the key automotive markets of Thailand, Malaysia, and Indonesia. It focuses on the production trends in the market in 2013 with forecasts for 2014-2017. It includes a regional overview, country analysis of Thailand, Indonesia, and Malaysia in separate sections, key conclusions, and future outlook.
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