DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xgfff8/the_asean) has announced the addition of the "The ASEAN Automotive Supplier Report" report to their offering.
Indonesian Light Vehicle Production Expected to Grow Moderately in Full-year 2015, up 5.8% to 1.3 Million Units
The ASEAN region is also home to some of the fastest growing economies in the world. ASEAN light vehicle output increased 6% year on year (y/y) in January 2015, with 352,928 units produced. Full-year 2015 production is expected to reach 4.25 million units, up 10%. Production in Thailand rose 8.7% y/y in January 2015 thanks to the large number of preorders made during the final buying season in 2014. Indonesian production contracted slightly in January 2015, down 1%. Nonetheless, production recovered from the weak output in December 2014, thanks to the government announcing lower subsidized fuel prices in mid-January. Given the slow pace of economic recovery, Indonesian light vehicle production is expected to grow moderately in full-year 2015, up 5.8% to 1.3 million units.
Governments are seeing that targeted regulations can attract investments, investors are choosing the most promising markets to enter and both OEMs and suppliers are looking to benefit. The growth of automotive production in the ASEAN region has in tandem spurred the growth of an automotive supplier industry. With very few local automotive suppliers that could initially supply the parts and the quality required by international carmakers, international suppliers had to follow suit and supply components locally.
This report provides a detailed look at the ASEAN Automotive & Supplier Market, focusing on Indonesia, Malaysia, Philippines, Thailand and Vietnam.
For each country, the report examines the macro economic situation, planned investment in infrastructure development, national automotive policy and plans, manufacturing advantage, structure of the automotive industry, investments by OEMs, investments by vehicle component suppliers, who supplies whom information, and the opportunities and future outlook of the region.
Key Topics Covered
- ASEAN automotive industry
- ASEAN's auto component supplier industry
For more information visit http://www.researchandmarkets.com/research/xgfff8/the_asean