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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
In 2018, Thailand was the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer and market in the world. The country’s four-wheel vehicle market was the second-largest in ASEAN in that year. The ...
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The automotive production in China slumped by 17.6% y/y in Q2 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q2 2019, China produced 5.8mn cars compared to 7.03 mn in the same quarter of the previous ...
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In FY2019, the main growth driver of the Indian motor vehicle industry was a solid increase of domestic demand, which grew at a CAGR of 8.7% between FY2016 and FY2019. Domestic demand accounted for an average 85.6% ...
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The automotive production in China slumped by 9.8% y/y in Q1 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q1 2019, China produced 6.3mn cars compared to 7.02 mn in the same quarter of the previous ...
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In Q4 2018, the sales of motor vehicles in China were 7.6mn units, representing a decline of 13% y/y. Commercial vehicle sales remained relatively flat with a 0.9% y/y growth in Q4 2018, but the sales of passenger cars contracted by 15% y/y. ...
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In terms of vehicle numbers, automotive production in India in Q1 FY2020 – i.e. in April, May and June 2019 – saw a continuation of the slowdown registered in the second half of FY2019, when sector performance was hit hard by declining ...
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A home to the largest automotive market in Southeast Asia, Indonesia has gradually evolved to become one of the largest motor-vehicle producers in the region. The transport equipment sector is an important pillar of Indonesia’s manufacturing, ...
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As the growth of China’s GDP and car sales have slowed, the expansion of its car parts industry has decelerated too. Statistics published by Chinese research consultancy Qianzhan Intelligence estimate the total sales revenue of China’s ...
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The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...
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Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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