Car Manufacturing in Asia-Pacific

Key Highlights

• The car manufacturing market encompasses passenger cars, which are defined as motor vehicles equipped with at least four wheels, designed primarily for the transportation of passengers. These vehicles typically accommodate no more than eight seats, including the driver's seat. This market includes petrol, diesel, electric, and hybrid passenger cars. The market encompasses a broad spectrum of vehicle types, such as mini, small, medium, large, exclusive, and luxury cars, along with mini, compact, mid and full-size SUVs/crossovers. Additionally, it encompasses compact, small and large MPVs, as well as mini, compact, mid and full-size pickups. Sport coupe cars are also included within the scope. Light or heavy commercial vehicles e.g., vans or heavy goods vehicles (HGVs) are excluded from the market scope.
• The Asia-Pacific car manufacturing industry recorded revenues of $711.3 billion in 2024, representing a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024.
• Industry production volume increased with a CAGR of 2.8% between 2019 and 2024, reaching a total of 50.74 million units in 2024.
• The Asia-Pacific car manufacturing industry’s production volume grew by 0.8% in 2024, which was also supported by rising demand from the domestic rental car market. Fleet expansion by rental companies led to bulk orders, boosting factory output. According to the publisher, the rental car fleet in China stood at 198,509 units in 2024, an increase of 21.6% from the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car manufacturing market in Asia-Pacific
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing market in Asia-Pacific
• Leading company profiles reveal details of key car manufacturing market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific car manufacturing market with five year forecasts

Reasons to Buy

• What was the size of the Asia-Pacific car manufacturing market by value in 2024?
• What will be the size of the Asia-Pacific car manufacturing market in 2029?
• What factors are affecting the strength of competition in the Asia-Pacific car manufacturing market?
• How has the market performed over the last five years?
• What are the main segments that make up Asia-Pacific's car manufacturing market?