This research service evaluates the Association of Southeast Asian Nations (ASEAN) automotive market, focusing on key countries, including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.Transformative Mega Trends Accelerate the Production and Sales of Hybrid and Electric Powertrain Solutions in ASEAN
This study discusses passenger vehicles and pickup trucks (pickups). Pickups are the most common and popular commercial vehicles used daily in different geographies and industries, including agriculture. These vehicles hold the largest commercial vehicle segment share in the region.
ASEAN has automotive production bases in Indonesia, Malaysia, Thailand, and Vietnam. In addition, growth in GDP, urbanization, and road infrastructure accelerated the sales and adoption of private vehicles.
After the severe drop in TIV in 2020 due to the COVID-19 pandemic, sales in the ASEAN automotive market recovered from 2.5 million units in 2020 to 2.8 million units in 2021, a year-over-year increase of 14.5%. The market share of Indonesia, Thailand, and Malaysia increased from 75.4% in 2020 to 76.3% in 2021. In particular, Indonesia faced the strongest growth in 2021, with a year-over-year increase of 66.8%. In addition, Indonesia overtook Thailand and regained its market dominance in ASEAN, which was lost in 2020.
The publisher highlights the total size of the respective automotive market and provides historical and forecast data from 2018 to 2022. It defines key highlights of the ASEAN automotive industry in 2021 and future market trends in 2022.
With global emission reduction and electrification trends, this study discusses the breakdown of hybrid electric vehicles (HEVs) and electric vehicles (EVs), including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). In addition, it analyzes the charging infrastructure, shared mobility with a focus on car sharing and eHailing, and connected vehicles.
Table of Contents
1. Growth Environment, ASEAN Automotive Industry- Key Highlights of the ASEAN Automotive Industry, 2021
- ASEAN Overview
- ASEAN Automotive Industry Historic Sales
- The 2021 ASEAN Automotive Market, Actuals versus Forecast
- Top Predictions for 2022
- Top 12 Transformation Shifts, 2021
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top Three Strategic Imperatives on the ASEAN Automotive Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
3. Growth Opportunity Analysis, ASEAN Automotive Industry
- Scope of Analysis
- Segmentation, 2021
4. 2022 Global Economic Outlook
- Top 5 Global Economic Highlights of 2021
- Top 5 Global Economic Predictions for 2022
- Global GDP Growth
- 2022 Scenario Analysis - Quarterly Global Growth
- 2022 Scenario Analysis - Assumptions
- 2022 Global GDP Growth Snapshot
- Advanced Economies - Predictions for 2022
- Emerging Market Economies - Predictions for 2022
- Top 5 Global Predictions For 2022 - Macroeconomic Policies and Developments
- 2022 Growth Opportunities - Top 3 Opportunities by Region
- 2022 Regional Trends - Risks and Policy Direction
5. Automotive Outlook, Indonesia
- Key Growth Metrics, Indonesia
- Total Industry Volume (TIV) and Forecast, Indonesia
- Market Share Analysis, Indonesia
- Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Indonesia
- Charging Infrastructure, Indonesia
- Car Sharing (Shared Mobility), Indonesia
- eHailing (Shared Mobility), Indonesia
- Connected Vehicles, Indonesia
- Key Market Trends in Indonesia, 2022
6. Automotive Outlook, Malaysia
- Key Growth Metrics, Malaysia
- Total Industry Volume (TIV) and Forecast, Malaysia
- Market Share Analysis, Malaysia
- Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Malaysia
- Charging Infrastructure, Malaysia
- Car Sharing (Shared Mobility), Malaysia
- eHailing (Shared Mobility), Malaysia
- Connected Vehicles, Malaysia
- Key Market Trends in Malaysia, 2022
- Key Growth Metrics, Philippines
- Total Industry Volume (TIV) and Forecast, Philippines
- Market Share Analysis, Philippines
- Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market, Philippines
- Charging Infrastructure, Philippines
- Car Sharing (Shared Mobility), Philippines
- eHailing (Shared Mobility), Philippines
- Connected Vehicles, Philippines
- Key Market Trends in Philippines, 2022
8. Automotive Outlook, Thailand
- Key Growth Metrics, Thailand
- Total Industry Volume (TIV) and Forecast, Thailand
- Market Share Analysis, Thailand
- Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Thailand
- Charging Infrastructure, Thailand
- Car Sharing (Shared Mobility), Thailand
- eHailing (Shared Mobility), Thailand
- Connected Vehicles, Thailand
- Key Market Trends in Thailand, 2022
9. Automotive Outlook, Vietnam
- Key Growth Metrics, Vietnam
- Total Industry Volume (TIV) and Forecast, Vietnam
- Market Share Analysis, Vietnam
- Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), Vietnam
- Charging Infrastructure, Vietnam
- Car Sharing (Shared Mobility), Vietnam
- eHailing (Shared Mobility), Vietnam
- Connected Vehicles, Vietnam
- Key Market Trends in Vietnam, 2022
10. Growth Opportunity Universe
- Growth Opportunity 1 - Continuous Development for Higher Sales of Passenger Vehicles and Pickups to Meet the Growing Demand
- Growth Opportunity 2 - Domestic Production for Greater Sales Advantage of HEVs and EVs to Stimulate Powertrain Transformation Development
- Growth Opportunity 3 - Smart Mobility for Vehicle Connectivity
11. Key Conclusions
- Key Conclusions, 2021
- Key Conclusions and Future Outlook, 2021 and 2022
12. Appendix - Growth Pipeline Engine™
- Table of Acronyms Used
- List of Exhibits
