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 660 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 73000 in 2021, 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 275 million in 2021. 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 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 2021, the production volume of automobiles was 1.72 million.

The export volume of automobiles in Thailand was about 960 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 2022-2031. 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 2022-2031?
• 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 2022-2031?
• 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 2031?
• What are the major adverse factors facing the Southeast Asia’s automobile industry?

Related Report: Research Report on Southeast Asia Electric Vehicle Industry 2023-2032

Table of Contents

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, 2017-2022

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, 2017-2022

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, 2017-2022

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, 2017-2022

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, 2017-2022

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, 2017-2022

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

6.3.11 VinFast

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, 2017-2022

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, 2017-2022

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, 2017-2022

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, 2017-2022

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, 2022-2031

11.3 Forecast on Market Demand of Automobiles in Southeast Asia, 2022-2031

11.4 Covid-19 Impact on Automobile Industry in Southeast Asia

The post Research Report on Automobile Industry in Southeast Asia, 2022-2031 first appeared on CRI Report.

The growth rate of Vietnam’s GDP in 2021 rose to 362.619 billion US dollars, a real growth of 2.58%. Considering the spread of COVID-19 in 2020-2021, the annual GDP growth rate of 2%-3% is already a good figure in the world. Vietnam’s economy has been increasing rapidly for many years, but wages of the manufacturing are still at a low level, which were less than 50% in China and far below that of the developed countries in 2022.

Vietnam auto industry starts late, and the development base is weak. After the reform in 1986, Vietnam auto industry started. In 1991, Vietnam government introduce foreign funds to develop automobile manufacture and assemble industry. After 30-year development, Honda, Toyota, Ford, GM, etc. entered Vietnam through sole proprietorship or joint-investment.

They established automobile assemble enterprises in Vietnam. Meanwhile, Vietnam established domestic auto enterprises. According to CRI’s analysis, the production capacity of complete vehicles in Vietnam is estimated to 755,000 per year by the end of 2021.

There are hundreds of auto part manufacture enterprises, most of which are SMEs featured with low production capacity and low technology. Major products are simple parts, e.g. seats, auto storage batteries.

According to CRI’s analysis, the annual sales of automobiles in Vietnam increased rapidly from 2015 to 2019, from 209,000 in 2015 to 306,000 in 2019, which is one of the fastest growing markets in the world. In 2020, due to COVID-19, sales amount decreased to 283,983, by the end of 2021, sales of automobiles increased by 2.5% to 304,149.

Since Vietnam domestic automobile production is low and cannot meet the domestic market demand, it needs to import a certain number of automobiles every year. From 2015 to 2019, Vietnam’s annual automobile imports also show an overall upward trend. However, due to the impact of the epidemic in 2020, Vietnamese automobiles the decline in sales has caused the same decline in car imports. During 2021, Vietnam imported 160,035 automobiles, compared with 2020, the import amount increased by 52.1%.

According to CRI’s forecast, as the COVID-19 epidemic has been well controlled in Vietnam, it is expected that the Vietnamese auto market will gradually recover.

According to CRI’s forecast, for auto parts manufacturers and vehicle manufacturers, the Vietnamese market has a lot of room for growth from 2022 to 2030.

With the economic development, the growth of income per capita and infrastructure construction, Vietnam market demands more for passenger vehicles and commercial vehicles. Vietnam auto manufacture enjoys low labor cost, land and energy cost but also faces imperfect auto industry chain.

Major auto manufacturers and companies in Vietnam profiled in this report include Honda Vietnam, Toyota Motor Vietnam, Ford Vietnam, GM Vietnam, Hino Motors Vietnam, Isuzu Vietnam, Mekong Auto Corporation, Mercedes-Benz Vietnam, Vietnam Motors Corp. (VMC) and Vina Star Motors Corp.

Topics covered:

• The impact of COVID-19 on the Vietnam Automobile industry
• Supply and demand of Vietnam automobile industry
• Major auto manufacturers in Vietnam
• Import and Export of automobiles in Vietnam
• Import and Export of automobiles in Vietnam by Section
• Competition status of Vietnam automobile market
• Drivers and opportunities of Vietnam automobile market
• Prospect of Vietnam auto industry

The post Research Report on Vietnam Automobile Industry 2022-2031 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 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?

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Research Report on Vietnam Automobile Industry 2021-2025

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