/ Press Release Details /

Asia Pacific Car Manufacturing Market Size Worth USD 630.8 Billion by 2025 | CAGR: 5.4%

The Asia Pacific car manufacturing market is expected to grow at CAGR of 5.4% to reach USD 630.8 billion by 2025.

The car manufacturing market will be analyzed taking car manufacturers as a key player. Asia Pacific countries such as China and India accounted for the highest revenue due to the presence of large number of key players. Domestic demand is driving production growth in India, but this is something of a waiting game for manufacturers as low incomes are unlikely to yield the kind of spending power required for a car purchase. Over the last few decade, the car manufacturing industry in APAC has undergone the transformation. Although Latin America, Europe and North America are the largest markets across the globe, Asia Pacific countries are taking an increasing share of global automotive sales and is the only major region projected to see continued strong growth.

An important factor which is mapped in this report is the qualitative impact of growth influencers on the segments of the car manufacturing market in Asia Pacific region. In short, this report is an all-inclusive assessment of the car manufacturing industry that offers actionable insights, historical intelligence and validated market forecast.

Key Takeaway

Of the global car manufacturing industry, Asia Pacific accounted for the highest revenue share owing to the large customer base coupled with increasing product demand.
Thailand is considered to be the APAC region’s biggest manufacturer. The country is expected to have annual production over to 3 million units by 2025
Countries such as Indonesia follow the suit, which has its goal of becoming the leading production hub in Asia Pacific region
Asia Pacific Car manufacturing industry is fragmented in nature. Key players such as Ford, Nissan, Hyundai, Volkswagen, Tata, General Motors, Toyota among others are actively operating in this region.
Mergers and acquisition is one of the key strategies adopted by manufacturers. For instance, the SAIC Motor Corporation (China) expanded its presence in India through a new company MG Motor India, in October 2018

KEY BENEFITS OF THE REPORT:

The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
A thorough analysis of relevant statistical data to estimate the market paradigms
Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY KEY PLAYERS