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Automobile Market is Booming in Near Future 2023-2030

Automobile Market is Booming in Near Future 2023-2030

Pune, India – (NewMediaWire) – March 3, 2023 – “Automobile” Size, Scope, and Forecast 2023-2030 report has been added to the Market Research Archive of Absolute Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Global Automobile with respect to various aspects such as growth factors, challenges, restraints, developments, trends, and opportunities for growth. This report will surely be a handy tool for market players to come up with effective strategies with the aim of strengthening their positions in the market.

What is the Automobile growth?

Southeast Asian countries in the report include Singapore, Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. By the end of 2021, the population in Southeast Asia had exceeded 600 million. The overall economic growth rate is higher than global average level and it becomes a major driving force of world economic development.

According to Researchers’s research, significant gaps in economic development remain among the 10 countries in Southeast Asia. Singapore is the only developed country, which had the GDP per capita of approximately USD 60,000 in 2020, while the GDP per capita was less than USD 2,000 in Myanmar, Laos and Cambodia. The population and minimum wage vary greatly among Southeast Asian countries. Brunei is the least populated country with less than 500,000 people, while Indonesia is the most-populous country with a population of over 270 million in 2016. Singapore, the most developed country in Southeast Asian region, does not set the legal minimum wage. The actual minimum wage is over 400 USD per month (foreign maidservant). In comparison, the minimum wage in Myanmar is only 60 USD per month.

The development of the automobile industry differs greatly among the Southeast Asian countries. According to the analysis, Thailand is the most developed country in terms of automobile manufacturing. Some world’s leading automobile manufacturers, such as Ford, Honda, Toyota and BMW have built factories in Thailand. In 2020, the production volume of automobiles was 1.4 million. The export volume of automobiles in Thailand was about 740 thousand units. There are a lot of whole vehicle manufacturers in the Philippines, Malaysia, Vietnam and Indonesia. Myanmar has a small-scale automobile assembly industry. Singapore, Brunei, Laos and Cambodia do not have the automobile manufacturing industry. Generally speaking, automobile markets in most Southeast Asian countries are highly dependent on import. The imported products include whole vehicles and auto parts.

In general, the sales volume of automobiles in Southeast Asia presents an upward trend in recent years. Especially, the constant economic development in the Philippines and Vietnam stimulates the sales growth of automobiles.

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Due to the outbreak of COVID-19, many auto parts or complete vehicle factories in Southeast Asian countries had to reduce or stop production, making the global supply chain suffer a new blow. It is expected that in 2022, COVID-19 is expected to be effectively controlled, and the Southeast Asian auto manufacturing industry will show restored growth.

According to Researchers’s forecast, the Southeast Asian automobile industry will grow rapidly in 2022-2030. On the one hand, the lower labor costs in Southeast Asian countries will prompt global automobile vehicle and component manufacturers to transfer production capacity to these regions. On the other hand, the rising demand of Southeast Asian automobile market will prompt global automobile vehicle and parts manufacturers to increase exports to these countries.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 60 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Client Focus

1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Automobile?

Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Automobile Industry

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Automobile Industry.

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This report provides a pin-point analysis of changing dynamics and emerging trends in the Global Automobile. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Global Automobile in the coming years. Further, the authors of the report have shed light on the factors that may hinder the growth of the Global Automobile.

Automobile – Competitive and Segmentation Analysis:

2. How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Top Key Players of the Global Automobile

1 Ford
2 Mazda
3 Mitsubishi
4 BMW
5 Honda
6 Nissan
7 Toyota
8 Daewoo
9 KIA
10 Proton Auto
11 Perodua
12 Benz
13 Volvo
14 Suzuki
15 Audi
16 VMC
17 MEKONG
18 VINASTAR
19 TMV
20 VIETINDO
21 VISUCO
22 HINO Vietnam

Short Description About Automobile:

The Global Automobile is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

This report studies the Automobile, covering market size for segment by type, by application, by sales channel (Direct Channel, Distribution Channel), and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).

This report provides detailed historical analysis of global market for Automobile from 2015-2020, and provides extensive market forecasts from 2023-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Automobile.

Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.

This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

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3. What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report.

Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2023-2030) of the following regions are covered in Chapter 4 and Chapter 7:

  • North America (United States, Canada and Mexico)

  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

  • South America (Brazil, Argentina, Columbia etc.)

  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa

Please find a more complete list of data sources in Chapters

1.To study and analyze the global Automobile consumption (value) by key regions/countries, product type and application

2.To understand the structure of Automobile by identifying its various sub segments.

3.Focuses on the key global Automobile manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Automobile with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Automobile submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Customization of the Report

4. Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Automobile Market Insights and Forecast to 2030

1 Analysis of Automobile Industry in Singapore

1.1 Development Environment of Singapore Automobile Industry

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Minimum Wage in Manufacturing in Singapore

1.2 Operation Status of Singapore Automobile Industry, 2005-2020

1.2.1 Production Status of Automobile Industry in Singapore

1.2.2 Sales Status of Automobile Industry in Singapore

1.2.3 Import and Export Status of Automobile Industry in Singapore

2 Analysis of Automobile Industry in Thailand

2.1 Development Environment of Thailand Automobile Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Minimum Wage in Manufacturing in Thailand

2.2 Operation Status of Thailand Automobile Industry, 2005-2020

2.2.1 Production Status of Automobile Industry in Thailand

2.2.2 Sales Status of Automobile Industry in Thailand

2.2.3 Import and Export Status of Automobile Industry in Thailand

2.3 Major Automobile Manufacturers in Thailand

2.3.1 Ford

2.3.2 Mazda

2.3.3 Mitsubishi

2.3.4 BMW

2.3.5 Honda

2.3.6 Nissan

2.3.7 Toyota

3 Analysis of Automobile Industry in the Philippines

3.1 Development Environment of Philippines Automobile Industry

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Minimum Wage in Manufacturing in Philippines

3.2 Operation Status of Philippines Automobile Industry, 2005-2020

3.2.1 Production Status of Automobile Industry in Philippines

3.2.2 Sales Status of Automobile Industry in Philippines

3.2.3 Import and Export Status of Automobile Industry in Philippines

3.3 Major Automobile Manufacturers in Philippines

3.3.1 Toyota

3.3.2 Honda

3.3. 3 Nissan

3.3.4 Mitsubishi

3.3.5 Daewoo

3.3.6 KIA

4 Analysis of Automobile Industry in Malaysia

4.1 Development Environment of Automobile Industry in Malaysia

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Minimum Wage in Manufacturing in Malaysia

4.2 Operation Status of Malaysia Automobile Industry, 2005-2020

4.2.1 Production Status of Automobile Industry in Malaysia

4.2.2 Sales Status of Automobile Industry in Malaysia

4.2.3 Import and Export Status of Automobile Industry in Malaysia

4.3 Enterprise Profile of Major Automobile Manufacturers in Malaysia

4.3.1 Proton Auto

4.3.2 Perodua

4.3.3 Toyota

4.3.4 Honda

4.3. 5 Nissan

4.3.6 KIA

4.3.8 Benz

4.3.9 BMW

4.3.10 Volvo

5 Analysis of Automobile Industry in Indonesia

5.1 Development Environment of Indonesia Automobile Industry

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Minimum Wage in Manufacturing in Indonesia

5.2 Operation Status of Indonesia Automobile Industry, 2005-2020

5.2.1 Production Status of Automobile Industry in Indonesia

5.2.2 Sales Status of Automobile Industry in Indonesia

5.2.3 Import and Export Status of Automobile Industry in Indonesia

5.3 Major Automobile Manufacturers in Indonesia

5.3.1 Toyota

5.3.2 Mitsubishi

5.3.3 Suzuki

5.3.4 Honda

5.3.5 Nissan

5.3.6 BMW

5.3.7 Benz

5.3.8 Audi

6 Analysis of Automobile Industry in Vietnam

6.1 Development Environment of Vietnam Automobile Industry

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Minimum Wage in Manufacturing in Vietnam

6.2 Operation Status of Vietnam Automobile Industry, 2005-2020

6.2.1 Production Status of Automobile Industry in Vietnam

6.2.2 Sales Status of Automobile Industry in Vietnam

6.2.3 Import and Export Status of Automobile Industry in Vietnam

6.3 Major Automobile Manufacturers in Vietnam

6.3.1 VMC

6.3.2 MEKONG

6.3.3 VINASTAR

6.3.4 Ford Vietnam

6.3.5 Mercedes Benz Vietnam

6.3.6 TMV

6.3.7 VIETINDO

6.3.8 DAEWOO

6.3.9 VISUCO

6.3.10 HINO Vietnam

7 Analysis of Automobile Industry in Myanmar

7.1 Development Environment of Myanmar Automobile Industry

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Minimum Wage in Manufacturing in Myanmar

7.2 Operation Status of Myanmar Automobile Industry, 2005-2020

7.2.1 Production Status of Automobile Industry in Myanmar

7.2.2 Sales Status of Automobile Industry in Myanmar

7.2.3 Import and Export Status of Automobile Industry in Myanmar

8 Analysis of Automobile Industry in Brunei

8.1 Development Environment of Brunei Automobile Industry

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Minimum Wage in Manufacturing in Brunei

8.2 Operation Status of Brunei Automobile Industry, 2005-2020

8.2.1 Production Status of Automobile Industry in Brunei

8.2.2 Sales Status of Automobile Industry in Brunei

8.2.3 Import and Export Status of Automobile Industry in Brunei

9 Analysis of Automobile Industry in Laos

9.1 Development Environment of Laos Automobile Industry

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage in Manufacturing in Laos

9.2 Operation Status of Laos Automobile Industry, 2005-2020

9.2.1 Production Status of Automobile Industry in Laos

9.2.2 Sales Status of Automobile Industry in Laos

9.2.3 Import and Export Status of Automobile Industry in Laos

10 Analysis of Automobile Industry in Cambodia

10.1 Development Environment of Automobile Industry in Cambodia

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage in Manufacturing in Cambodi

10.2 Operation Status of Cambodia Automobile Industry, 2005-2020

10.2.1 Production Status of Automobile Industry in Cambodia

10.2.2 Sales Status of Automobile Industry in Cambodia

10.2.3 Import and Export Status of Automobile Industry enter in Cambodia

11 Forecast on Automobile Industry in Southeast Asia, 2022-2026

11.1 Analysis on Factors Influencing Development of Automobile Industry in Southeast Asia

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Forecast on Supply of Automobile Industry in Southeast Asia, 2022-2030

11.3 Forecast on Market Demand of Automobiles in Southeast Asia, 2022-2030

11.4 Covid-19 Impact on Automobile Industry in Southeast Asia

Selected Charts

Chart Singapore’s GDP per Capita, 2015-2020

Chart Sales Volume of Automobiles in Singapore, 2005-2020

Chart Thailand’s GDP per Capita, 2015-2020

Chart Minimum Daily Wages in Thailand, 2014-2020

Chart Production Volume of Automobiles in Thailand, 2005-2020

Chart Sales Volume of Automobiles in Thailand, 2005-2020

Chart Export Volume of Automobiles in Thailand, 2015-2020

Chart Import Value of Automobiles in Thailand, 2015-2020

Chart the Philippines’s GDP per Capita, 2015-2020

Chart Minimum Daily Wages in the Philippines, 2014-2020

Chart Sales Volume of Automobiles in the Philippines, 2005-2020

Chart Malaysia’s GDP per Capita, 2015-2020

Chart Minimum Monthly Wages in Malaysia, 2017-2020

Chart Production Volume of Automobiles in Malaysia, 2005-2020

Chart Sales Volume of Automobiles in Malaysia, 2005-2020

Chart Relevant Policies on Import and Export of Automobiles in Malaysia

Chart Indonesia’s GDP per Capita, 2015-2020

Chart Minimum Wage in Indonesia, 2014-2020

Chart Production Volume of Automobiles in Indonesia, 2005-2020

Chart Sales Volume of Automobiles in Indonesia, 2005-2020

Chart Import of Whole Vehicles in Indonesia, 2015-2020

Chart Export of Whole Vehicles in Indonesia, 2016-2020

Chart Vietnam’s GDP per Capita, 2015-2020

Chart Minimum Monthly Wage in Vietnam, 2014-2020

Chart Production Volume of Assembled Automobiles in Vietnam, 2005-20200

Chart Sales Volume of Automobiles in Vietnam, 2005-2020

Chart Import Volume of Automobiles in Vietnam, 2015-2020

Chart Myanmar’s GDP per Capita, 2015-2020

Chart Sales Volume of Automobiles in Myanmar, 2005-2020

Chart Brunei’s GDP per Capita, 2015-2020

Chart Sales Volume of Automobiles in Brunei, 2005-2020

Chart Laos’s GDP per Capita, 2015-2020

Chart Minimum Monthly Wage in Laos, 2014-2020

Chart Sales Volume of Automobiles in Laos, 2005-2020

Chart Cambodia’s GDP per Capita, 2015-2020

Chart Minimum Wage in Cambodia, 2014-2020

Chart Sales Volume of Automobiles in Cambodia, 2005-2020

Chart Forecast on Production volume of Automobile Industry in Southeast Asia, 2022-2030

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