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 CRI’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 of CRI, 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.

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 CRI’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.

Topics Covered:

• Southeast Asia’s Automobile Industry Overview
• Economic and Policy Environment of Southeast Asia’s Automobile
• What is the impact of COVID-19 on the Southeast Asia’s automobile industry?
• Southeast Asia’s Automobile Market Size, 2016-2021
• Analysis of Major Automobile Companies in Southeast Asia
• Key Drivers and Market Opportunities in Southeast Asia’s Automobile Industry
• What are the key drivers, challenges, and opportunities for the Southeast Asia’s automobile industry during the forecast period 2022-2030?
• Which are the key players in the Southeast Asia’s Automobile market and what are their competitive advantages?
• What is the expected revenue of the Southeast Asia’s automobile market during the forecast period of 2022-2030?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Southeast Asia’s automobile market is expected to dominate the market in 2030?
• What are the major adverse factors facing the Southeast Asia’s automobile industry?

Related Reports:

Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes & Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region – Analysis of Market Size, Share &Trends for 2016-2019 and Forecasts to 2030

Research Report on Vietnam Automobile Industry 2021-2025

Report on Automobile Radiator Industry in China, 2021-2025

The post Research Report on Automobile Industry in Southeast Asia, 2016-2030 first appeared on CRI Report.

Market insights:
Commercial vehicles account for ~4% of India’s total domestic automotive production volume (as of FY 2019). Favorable government policies like the Make in India campaign, the Automotive Mission Plan (AMP) and National Electric Mobility Mission Plan (NEMMP) have enabled the country to develop into one of the most important commercial vehicles manufacturing hubs in the world. In FY 2019, India accounted for the production of 1,112.18 thousand units of commercial vehicles. In the same year, the sales volume of commercial vehicles in India stood at 1,007.32 thousand units. Furthermore, the sale of commercial vehicles in the country is expected to reach a volume of 2,059.95 thousand units by FY 2024, expanding at a compound annual growth rate (CAGR) of ~15.23% during the FY 2020 – FY 2024 period.
Exponential growth in online retailing and logistics services, along with the implementation of Bharat Stage-VI (BS-VI) norms has bolstered the growth in the commercial vehicles market in India. Moreover, the implementation of the revised corporate tax rate (reduced from 35% to 25.17%) has attracted huge FDI from global investors for both manufacturing purposes and research and development (R&D) in the commercial vehicles segment, leading to further expansion of the market. However, surge in the operating costs of running these vehicles, rising customs duty, and lack of demand in the market due to the existing liquidity crisis in the economy are some of the factors impeding the growth of the market.

Market segmentation analysis:
Based on product type, the commercial vehicles market in India can be segmented into light commercial vehicles (LCV), and medium and heavy commercial vehicles (M&HCV). In FY 2019, the light commercial vehicles segment accounted for ~55.65% of the total sales volume of commercial vehicles. Further, during the FY 2020-FY 2024 period, sales volume of LCVs is expected to expand rapidly at a CAGR of ~16.34% compared to that of M&HCVs. On the other hand, by FY 2024, the M&HCVs segment is expected to account for ~41.30% of the total sales volume of commercial vehicles in India. Also, with the implementation of the vehicles electrification policy, the operating cost for running LCVs is expected to decline, leading to a rise in the sale of LCVs. This development can be attributed to the requirement for logistics services growing in tandem with the operations of the e-commerce sector. LCVs like commercial vans and three-wheeler cargo vans are mostly used for logistics services.

Competition analysis:

Tata Motors Limited, Mahindra & Mahindra Limited, Ashok Leyland Limited, Force Motors Limited, and VE Commercial Vehicles Limited are some of the prominent players in the commercial vehicles market in India. In FY 2019, Tata Motors merged as the leading market player with a market share of 45.13% in terms of sales volume. Other market participants like Piaggio Vehicles Private Limited and Scania Commercial Vehicles India Private Limited occupy negligible shares in the India commercial vehicles market.

Companies covered:
• Ashok Leyland Limited
• Force Motors Limited
• Mahindra & Mahindra Limited
• SML Isuzu Limited
• Tata Motors Limited
• VE Commercial Vehicles Limited
• Daimler India Commercial Vehicles Private Limited
• Piaggio Vehicles Private Limited
• Scania Commercial Vehicles India Private Limited

The post Commercial Vehicles Market in India 2020 first appeared on CRI Report.

Market Insight
Electric two wheelers are poised to be the game-changer for the two-wheeler industry. Although electric bikes comprised a minimal share (~0.6%) of the total two-wheeler sales in India in FY 2019, its sales with respect to the previous year have increased by about 129%. This growth can be attributed to the government’s initiatives towards the electrification of bikes. Other factors that have influenced the adoption of electric bikes are rising concern over air pollution and the lower ownership and maintenance costs of electric bikes. The cost of running electric bikes is about INR 10 for 70 Km, whereas the same distance can be covered by a conventional counterpart at a minimum cost of INR 102.

Government Initiatives
In February 2018, the government’s policy think tank, Niti Aayog proposed and mandated the electrification of all two wheelers with a displacement capacity of below 150 cc by March 2025. With the policy mandate, the automobile industry is likely to experience a rapid transition towards electric mobility. Such initiatives were taken to curb pollution and reduce the country’s import bills by INR ~1200 Bn by 2025. The Department of Heavy Industry in association with Society of Indian Automobile Manufacturers implemented the schemes of FAME and FAME II. Under FAME and FAME II, the government outlaid a budget of INR 107.95 Bn, directed towards the faster growth of electric vehicles.

Competition Analysis
The industry is dominated by new entrants in the market, such as Electrotherm (India) Limited, Hero Electric Vehicles Private Limited, Ampere Vehicles Private Limited and NDS Eco Motors Private Limited. Other market participants include Ather Energy Private Limited, Avon Cycles Limited, Lohia Auto Private Limited, Okinawa Autotech Private Limited, Tork Motors Private Limited and Tunwal E-Bike India Private Limited. The market is currently being dominated by niche players as they have already set up their operations with modern infrastructure, advanced technologies and in-house charging facilities. On the other hand, the well-established manufacturers of conventional two wheelers are yet to expand their footprint in this market. The entry of these established players is anticipated to create fierce competition within the market.

Companies Covered
• Electrotherm (India) Limited
• Ampere Vehicles Private Limited
• Ather Energy Private Limited
• Avon Cycles Limited
• Hero Electric Vehicles Private Limited
• Lohia Auto Private Limited
• NDS Eco Motors Private Limited
• Okinawa Autotech Private Limited
• Tork Motors Private Limited
• Tunwal E-Bike India Private Limited

Indonesia Electric Two-Wheeler Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

The post Electric Bikes Market in India 2019 first appeared on CRI Report.

Market Insight
The two-wheeler market has witnessed a significant growth over the last decade. An increased demand in urban and semi-urban areas, and a relatively low cost of ownership are some of the leading factors propelling the growth of the market in India. Being the preferred alternative to public transports and four-wheelers also adds to its popularity. Lately, the industry has been facing headwinds and is showing signs of weakness with rising fuel prices, growing safety issues, multiple road accidents, higher insurance charges and uncertainty regarding the electrification of bikes. These are the reasons impeding the industry’s growth. The two-wheeler market in India is forecasted to expand at a CAGR of 7.33%, and reach a sales volume of 24.89 Mn units by 2024, from 21.19 Mn in 2019.
Market Segmentation Analysis
The two-wheeler market in India is segmented on the basis of scooters, motorcycles, and mopeds. The motorcycle segment occupies two-third market share of the two-wheeler market in India, and is followed by the scooters and mopeds segments. The market share of the motorcycles segment increased by 5% year-on-year during the FY 2018-FY 2019 period, while that of the scooters segment decreased marginally during the same period. In 2018, the top products in the Motorcycles segment were Hero Splendor, Hero HF Deluxe, Honda CB Shine, Bajaj CT100, and Hero Passion, while for the Scooters segment Honda Activa, TVS Jupiter, Suzuki Access, Honda Dio, and Hero Maestro were the major products.
Government Initiatives:
With the introduction of the government-backed program, Amma Bikes Scheme, which entitles every working woman in Tamil Nadu for a subsidy of 50% up to INR 25,000 on the purchase of a two-wheeler, the sale of two-wheelers in the state has gone up. However, the conversion of conventional bikes (up to 150 cc) into electric ones had an adverse impact on top players in the two-wheeler market. Two-wheelers, with a capacity of up to 150 cc, account for approximately 88% of the overall two-wheelers production in India. The target to electrify all these two-wheelers produced by 2025 is a major challenge for giant companies as more than 90% of their businesses are constituted of such bikes. Therefore, the transition will lead to a substantial monetary loss for the companies.
Competition Analysis
In FY 2019, Hero MotoCorp Limited (formerly Hero Honda Limited) maintained its leadership position in the Indian two-wheeler market, followed by Honda Motorcycle and Scooter India Private Limited. TVS Motor Company Limited and Bajaj Auto Limited maintained the third and fourth positions, respectively. Other significant players in the sector include Eicher Motors Limited, India Yamaha Motor Private Limited, and Suzuki Motorcycle India Private Limited. All major players are currently going through a transitional phase to launch electric bikes because of the recent Niti Aayog directive.
Companies Covered
• Bajaj Auto Limited
• Eicher Motors Limited
• Hero MotoCorp Limited
• TVS Motor Company Limited
• Mahindra Two-wheelers Limited
• Honda Motorcycle and Scooter India, Private Limited
• India Kawasaki Motors Private Limited
• India Yamaha Motor Private Limited
• Piaggio Vehicles Private Limited
• Suzuki Motorcycle India Private Limited

The post Two-wheeler Market in India 2019 first appeared on CRI Report.

The lead acid battery in India is duopolistic in nature, with Exide Industries and Amara Raja Batteries controlling ~50% of the total market. While Exide has a leadership position in the automotive segment, Amara Raja dominates the industrial segment. The two companies are also undertaking several capacity expansion projects to boost production to meet growing demand in the country. Apart from these two companies, other dominant players in the market include HBL Power Systems, AMCO Batteries, Celtek Batteries, Su-Kam Power Systems and Luminous Power Technologies. Although advancements in battery technologies have resulted in the development of more efficient types of batteries such as lithium ion and lithium polymer, the lead acid battery market in India currently faces little threat from them.

Coverage:
Overview of the lead acid battery market, and historical and forecasted market size data over FY 2014 to FY 2020
Overview of the various segments in the market and their historical and forecasted market size data over FY 2014 to FY 2020
Trade analysis of lead acid batteries in India
Qualitative analysis of the major drivers and challenges affecting the market
Overview of the competitive scenario in the market, and profiles of major public and private players operating in the market
Key recent developments in the market

Why Buy?
Get a broad understanding of the lead acid battery market in India, its key dynamics, and the current state of the market
Gain key knowledge about the market that will help in informed decision making involving marketing, market-entry, market expansion and other business plans
Identify key growth opportunities in the industry and make strategic decisions to benefit from it
Understand major competitors’ business and market dynamics, and respond accordinglySlide 1: Executive Summary

Socioeconomic Indicators
Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020)
Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020)
Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020)
Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011)
Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014)
Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)

Market Overview
Slide 8: Market Definition & Structure
Slide 9: Life Cycle of Lead Acid Batteries
Slide 10: Lead Acid Battery Market in India – Market Overview, Size and Growth (FY 2014 – FY 2020e)
Slide 11: Automotive Lead Acid Battery Market in India – Market Overview, Size and Growth (FY 2014 – FY 2020e) and Industrial Lead Acid Battery Market in India – Market Overview, Size and Growth (FY 2014 – FY 2020e)
Slide 12: Porter’s Five Forces Analysis

Trade Analysis
Slide 13: Export of Lead Acid Accumulators of a Kind Used for Starting Piston Engine – Size (Value-Wise: FY 2013 – FY 2017(Apr-Dec); and Volume-Wise: FY 2013 – FY 2017(Apr-Dec))
Slide 14: Export of Lead Acid Accumulators of a Kind Used for Starting Piston Engine – Country-Wise Segmentation (Value-Wise: FY 2015 and FY 2016; and Volume-Wise: FY 2015 and FY 2016)
Slide 15: Import of Lead Acid Accumulators of a Kind Used for Starting Piston Engine – Size (Value-Wise: FY 2013 – FY 2017(Apr-Dec); and Volume-Wise: FY 2013 – FY 2017(Apr-Dec))
Slide 16: Import of Lead Acid Accumulators of a Kind Used for Starting Piston Engine – Country-Wise Segmentation (Value-Wise: FY 2015 and FY 2016; and Volume-Wise: FY 2015 and FY 2016)
Slide 17: Export of Other Lead Acid Accumulators – Size (Value-Wise: FY 2013 – FY 2017(Apr-Dec); and Volume-Wise: FY 2013 – FY 2017(Apr-Dec))
Slide 18: Export of Other Lead Acid Accumulators – Country-Wise Segmentation (Value-Wise: FY 2015 and FY 2016; and Volume-Wise: FY 2015 and FY 2016)
Slide 19: Import of Other Lead Acid Accumulators – Size (Value-Wise: FY 2013 – FY 2017(Apr-Dec); and Volume-Wise: FY 2013 – FY 2017(Apr-Dec))
Slide 20: Import of Other Lead Acid Accumulators – Country-Wise Segmentation (Value-Wise: FY 2015 and FY 2016; and Volume-Wise: FY 2015 and FY 2016)

Market Influencers
Slide 21-22: Market Drivers
Slide 23: Market Challenges

Competitive Landscape
Slide 24: List of Major Players
Slide 25-40: Profiles of Major Players

Recent Developments
Slide 42-43: Key Strategic Recommendations

Appendix
Slide 44: Research Methodology

The post Lead Acid Battery Market in India 2017 first appeared on CRI Report.

Automobile radiator is one of the most important components within the engine cooling system. The performance of a radiator has a direct influence on heat dissipation, dynamic property, economic efficiency, reliability and even normal operation and driving safety. Increased production volume and penetration of automobiles across the world lead to growing demand of whole-vehicle manufacturing and aftermarket for automobile radiators.

According to CRI analysis, with economic globalization and fierce competition in the industry, global automobile industry experienced a significant change in the past decades. For automobile radiator manufacturers in China, many opportunities for growth were offered over the last 10 years. One opportunity came from stable growth in automobile component market that stimulated export of automobile radiators in China. Another being the rapid growth in China’s automobile industry, which naturally raises demand for automobile radiators. China’s production volume of automobiles was merely 8.88 million units in 2007 while that in 2017 reached 29.02 million, with a CAGR of more than 12% over the decade. China has been established as the world’s largest automobile producer and seller for nine consecutive years from 2009 to 2017. Car ownership in China was less than 60 million units in late 2007. By the end of 2017, it surged to more than 200 million.

CRI estimates that the production volume of automobile radiators in China exceeded 60 million units in 2017, among which more than 20 million were exported. Competition in China’s market is intense with a large quantity of manufacturers involved and market is composed of numerous small-scale enterprises. High certification requirement on OEM put most manufacturers off this market. Therefore, the majority of automobile radiator manufacturers in China focus in supporting domestic and overseas aftermarkets.

Major raw materials for automobile radiators are copper, aluminum and other metals. The price and performance of raw material largely decide the quality, manufacturing cost and performance of radiators. The price trend of aluminum and copper in China’s market experienced fluctuation from 2014 to 2017. Large-scale automobile component enterprises usually sign long-term contracts with raw material suppliers in order to reduce risks from price fluctuation.

It is estimated that the production volume and ownership of automobiles in China and the world will continue to rise from 2018 to 2022. As a result, increasing production volume will boost demand for OEM automobile radiator market. Moreover, improvement in economy and income are also raising awareness of car maintenance in China. Regular cleaning, maintenance and replacement of automobile components have been common in China, thus promoting development of the automobile radiator aftermarket. As China-made automobile radiators enjoy a cost advantage in the world market, it’s export volume is expected to keep rising from 2018 to 2022.

Readers can obtain the following information or more through this report:

-Analysis of Development Environment of Automobile Radiator Industry

-Analysis on Automobile Component Industry in China and the World

-Supply and Demand of Automobile Radiators

-Production Cost of Automobile Radiators

-Export Analysis of Automobile Radiators in China

-Price Trend of Raw Materials of Automobile Radiators

-Major Manufacturers of Automobile Radiators in China

-Driving Forces and Opportunities in Automobile Radiator Industry, 2018-2022

-Threats and Challenges in Automobile Radiator Industry, 2018-2022

-Forecast on Supply and Demand of Automobile Radiators, 2018-2022

The post Report on Automobile Radiator Industry in China, 2018-2022 first appeared on CRI Report.

Southeast Asian countries in the report include Singapore, Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. By the end of 2016, 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 CRI’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 over USD 50,000 in 2016, 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 200 million in 2016. 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 93 USD per month.

The development of the automobile industry differs greatly among the Southeast Asian countries. According to the analysis of CRI, 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 2016, the production volume of automobiles was 2 million. The export volume of automobiles in Thailand was over 1 million. 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.

Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes & Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region – Analysis of Market Size, Share &Trends for 2016-2019 and Forecasts to 2030

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.

CRI predicts that the automobile industry in Southeast Asia will maintain the fast growth from 2017 to 2021. For one thing, the relatively low labor cost in Southeast Asia will encourage whole vehicle and accessory manufacturers to shift the production capacity to this region. For another, the increasing demand for automobiles in Southeast Asian market will promote the export from the worldwide vehicle and accessory manufacturers to these countries.

Readers Can Obtain the Following Information or More Through This Report:

– Development Environment of Automobile Industry in Southeast Asia

– Status of Automobile Manufacturing in Southeast Asia

– Minimum Wage in Manufacturing in Southeast Asia

– Market Demand of Automobiles in Southeast Asia

– Import and Export of Automobiles in Southeast Asia

– Factors Influencing Development of Automobile Industry in Southeast Asia, 2017-2021

– Forecast on Automobile Market in Southeast Asia, 2017-2021

Research Report on Vietnam Automobile Industry 2021-2025

The post Automobile Industry Forecast to 2021: Singapore,Thailand,Philippines,Malaysia,Indonesia,Vietnam,Myanmar,Brunei,Laos and Cambodia first appeared on CRI Report.