MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday 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!

Automakers that Focus on Energy-efficient Vehicles Best Poised to Leverage Government Subsidies Says Frost & Sullivan - With robust GDP growth, high population, and low car parc, the ASEAN region presents compelling growth opportunities - Frost.com
Automakers that Focus on Energy-efficient Vehicles Best Poised to Leverage Government Subsidies Says Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2019/05/16 - With robust GDP growth, high population, and low car parc, the ASEAN region presents compelling growth opportunities - Frost.com.

   
 
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!


 

Growing domestic consumption and private investments are giving a huge boost to vehicle sales across all Association of Southeast Asian Nations (ASEAN) markets.

The Total Industry Volume (TIV) in the three big markets of Malaysia, Indonesia, and Thailand is expected to cross 3.9 million units by 2025, with Indonesia contributing approximately 1.65 million units; Thailand, 1.54 million units; and Malaysia, 690,391 units. Thailand is forecast to register the highest growth, but Indonesia will maintain its position as the largest automotive market, while Malaysia will experience marginal growth due to its maturity.

“Indonesia will witness the launch of several SUV models and facelift variants in 2019, which will drive passenger vehicle sales due to the induced replacement of vehicles,” said Bakar Sadik Agwan, Research Analyst, Mobility, Asia Pacific at Frost & Sullivan.

“The ASEAN market also enjoys sustained support and encouragement from governments for energy-efficient vehicle programs, especially in Indonesia and Thailand,” he added.

Frost & Sullivan’s recent analysis, ASEAN Automotive Outlook, 2019, offers a detailed overview of the trends in ASEAN, with a focus on the three key markets of Malaysia, Indonesia, and Thailand. It presents market forecasts and analyses of passenger vehicles (PVs) and commercial vehicles (CVs) in 2019 as well as estimations for 2018-2025.

“While on the one hand, the automotive market is buoyed by innovations and domestic demand, on the other, it is weighed down by a weak external sector. Furthermore, market participants need to tackle market factors such as US-China trade war escalation, slowdown in government spending in Malaysia, high household debt in Thailand, and rising interest rates in Indonesia,” noted Agwan.

Nevertheless, automakers will be able to thrive by seizing the revenue opportunities delivered by the government as well as the market.

To achieve this, OEMs need to:

• Leverage governments’ energy-efficient programs. The Indonesian Government has set up the LCGC program, which offers exemption or a reduction in luxury tax to low-emission cars. The Malaysian Government provides incentives and exemptions to OEMs under the energy-efficient vehicles (EEVs) program, similar to Thailand’s eco car program.
• Alter their product line-up and adopt greener technologies to match with models in these incentive programs.
• Localize manufacturing, without compromising on the quantity. This would help maximize benefits from the government programs.
• Collaborate with e-Hailing OEMs can also develop a mobility strategy to make the most of the growth of shared mobility solutions. This will not only help sell vehicles to shared mobility providers but also aid in marketing, increasing awareness, and rolling out test drives.
• Invest in infrastructure and manufacturing to boost the demand for CVs, especially heavy trucks and pickups.
• CV OEMs could launch promotional schemes and upgraded versions of popular models to attract buyers from the construction, manufacturing, and infrastructure sectors.

ASEAN Automotive Outlook, 2019 is part of Frost & Sullivan’s global Automotive & Transportation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

ASEAN Automotive Outlook, 2019 / PA64-18

 
 
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 NewswireToday 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!


Automakers that Focus on Energy-efficient Vehicles Best Poised to Leverage Government Subsidies Says 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 NewswireToday and LINK as the source.
 
Publisher Contact: Melissa Tan - Frost.com 
+65 6890 0926 melissa.tan[.]frost.com
 
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:

PPG Launches Low-VOC Waterborne Coating System for China Refinish Market
BASF Launches New Waterborne Basecoat Line
KRAIBURG TPE Presents An Integrated Compound Portfolio for Automotive Interior Applications
Frost & Sullivan Reveals Global Light Commercial Vehicle Market Outlook for 2020
Frost & Sullivan Applauds AWS for Leading the Automotive Cloud Services Market with a Comprehensive Suite of Solutions
Marketplace and Features on-Demand to Revolutionize the European OEMs’ Connected Services and HMI Market Finds Frost & Sullivan
BASF Recognized by General Motors as a 2019 Supplier of the Year Winner and with Overdrive Award for Sustainability
LED High-beam Technology is the Future of Automotive Headlights in Europe Notes Frost & Sullivan
Nikola Badger EV Pickup Will Debut At Nikola World 2020 in December - Nikola Badger Preorders Open June 29
BASF’s New Virtual AUVOTs Display Automotive Coatings in the Digital World
CNH Industrial to Create a Customer-Centric Aftermarket Supply Chain with Blue Yonder
ABB and ASKO To Electrify Norwegian Delivery Fleet
Frost & Sullivan Assesses Impact of Autonomous Cars and EVs on Test & Measurement Market
LANXESS Introduces First All-plastic Brake Pedal for Battery-electric Sports Car
Increasing Acceptance of Autonomous Vehicles Uncovers Multi-billion Dollar Opportunities in Mobility Services Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Limelon Advertising, Co.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR 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 prtoday.com newswiredistribution 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 (usatoday.com)