PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ASEAN Set to Become 6th Biggest Automotive Market in the World by 2018 Predicts Frost & Sullivan - Indonesia and Thailand to lead growth -
ASEAN Set to Become 6th Biggest Automotive Market in the World by 2018 Predicts Frost & Sullivan


NewswireToday - /newswire/ - Hong Kong, Hong Kong, 2012/08/15 - Indonesia and Thailand to lead growth -

Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


ASEAN is set to become the 6th biggest automotive market globally by 2018 with vehicle sales almost doubling to nearly 4.7 million units as compared to 2.4 million in 2011, predicts Frost & Sullivan.

Mr. VijayendraRao, Research Manager, Asia Pacific Automotive Practice at Frost & Sullivan said that individually, none of the ASEAN countries has featured in the top ten markets globally, but as a region, it has assumed greater importance in the last few years due to the implementation of ASEAN Free Trade Agreement in 2010 and healthy rivalry among ASEAN member countries to attract foreign investments.

New analysis from Frost & Sullivan ( CEO 360 Degree Perspective of the Automotive Industry in ASEAN(covering 4 key automotive markets in ASEAN - Indonesia, Malaysia, Thailand and Vietnam) finds that the market is likely to grow at a compound annual growth rate (CAGR) of 10.1 per cent (2011-2018), mainly driven by growth in Thailand and Indonesia.

Mr. Rao said that Thailand and Indonesia vehicle sales are likely to hit 1 million units by 2013 driven by local demand, increased buying power and significant investments from Japanese OEMs.

He added that Indian and Chinese automotive companies are also looking at expanding to ASEAN. He added that ASEAN is a competitive automotive production base and a net vehicle exporter with strong competency in certain product ranges.

"Thailand is expected to continue its dominance as a production hub in ASEAN due to the significant investments by Japanese OEMs (original equipment manufacturers), incentives from the Government, good supply base and required talents," he said.

He also said that production in Indonesia will cater to local demand, mainly driven by the shift of ownership to cars, multi-purpose vehicles and sports utility vehicles from motorcycles.

Mr. Rao said that passenger vehicle sales in ASEAN are likely to increase at a CAGR of 10.2 per cent to 3.1 million units in 2018 from 1.5 million units in 2011. Commercial vehicles sales are expected to grow at a slightly slower pace at a CAGR of 9.8 per cent to reach 1.6 million units in 2018 from 780,000 units in 2011.

If you are interested in more information on this study, please send an e-mail to Alice Chia, Corporate Communications - Asia Pacific, at alice.chia[.], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

CEO 360 Degree Perspective of the Automotive Industry in ASEAN is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets:Executive Analysis of the Carsharing Market in APAC, CEO’s 360 Degree Analysis of Fuel Cell Electric Vehicle Market in Japan and South KoreaandStrategic Analysis of the Microcars Market in Japanamong others. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Frost & Sullivan


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!

ASEAN Set to Become 6th Biggest Automotive Market in the World by 2018 Predicts Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Alice Chia 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Frost & Sullivan / Company Profile

Read Automotive/Trucking/RV Most Recent Related Newswires:

Borealis and Borouge Showcase Lightweight Solutions with the 2016 European Car of the Year At K Fair
BASF - Charge Air Duct Made from The High-temperature Polyamide Ultramid® Endure BM for Blow Molding
MAN Announces First Major Order from Tbilisi
BASF and Hyundai Motor Showcase RN30 Concept Car At K Fair
750th MAN D2676 Engine for Alstom’s Coradia Polyvalent Delivered in Time for Innotrans 2016
First Chinese Railcar in Europe with MAN Engines
Ten Years of MAN Truck & Bus In India
Frost & Sullivan Honors Interstate Batteries as Nation’s Overall Best Brand of Automotive Batteries
Detroit Michigan Company CueRide Introduces Innovative RideShare App
Hamburg Boasts Germany's First Amphibious Bus - Built On An MAN Truck Chassis
Automotive Coating to Gain from Increased Demand for Energy-Efficient Technologies Finds Frost & Sullivan
WeHaa Digital Proudly Launches White Labeled Auto Dealers Brand
Communication and Automotive Industries Create Growth Opportunities for Chemicals in Electronics Reports Frost & Sullivan
Frost & Sullivan Recognisess the Drive and Vision of Kiira Motors Corporation in Redefining Mobility in Uganda
The NEOPLAN Skyliner Wins International Bus Competition

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  MagLar, Inc.

Visit  Demyk Lightmod Products, Inc.

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (