Topic Discussed : 2019 ASEAN Automotive Outlook

Speakers : Bakar Sadik Agwan

Key Takeaways:

1. ASEAN automotive market is grew by 8.3% in 2018, Indonesia remained the leading market
2. Thailand witnessed the fastest growth in TIV – 19.5% in 2018 as compared to 2017
3. Commercial vehicles maintained strong growth in demand 
4. Japanese automotive brands dominate the ASEAN market – firms such as Toyota, Honda, Mitsubishi, Isuzu, and Nissan lead the Indonesian and Thai markets across segments. In Malaysia though, Perodua has the commanding share. Honda, Toyota and Nissan are at number 2, 4 and 5 spot respectively
5. Strong consumer confidence and growth in disposable incomes is pushed up domestic consumption and thus the demand for vehicles across segments in big 3 ASEAN markets i.e. Indonesia, Thailand and Malaysia
6. New model launches and launch of facelift variants across passenger vehicle segment will give a major push to sales. Indonesia is expected to witness launch of several SUV models this year. These new product launches are expected to attract buyers and drive passenger vehicle sales in 2019 due to induced replacement of vehicles
7. Weak external sector in ASEAN has led to negative sentiments over the economic growth in 2019. Key external factors include global trade war, tightening monetary policy in the US, higher interest rates and current account deficit. Further escalation of US- China trade war and increase in US fed rates poses risk to exports sector in ASEAN
8. Big 3 ASEAN markets are anticipated to witness high demand for SUVs. Customer preference has been witnessed shifting towards entry level crossover, and compact SUVs (usually 4X2). These categories are expected to emerge as a key segment across Indonesia, Thailand and Malaysia
9. Entry level segment to remain foundation for PV segment growth: Compact, affordable, and eco-friendly entry-level vehicles are expected to enhance sales volumes in ASEAN. New models launched in this segment will further contribute to increasing the demand for vehicles

For further insights, please join is for the future podcasts and become a member of the Frost & Sullivan’s Leadership Council by emailing us at: [email protected]

Related Keywords: Frost&Sullivan, ASEAN Automotive Market, Indonesia Automotive Market, Malaysia Automotive Market, Thailand Automotive Market, Passenger Cars, Commercial Vehicles, ASEAN Automotive Market Share for Key OEMs, ASEAN TIV, Automotive Sales, Automotive Market Trends

Website: www.frost.com