NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Future Trends in
Passenger Vehicle Segments in ASEAN : Crossover Utility Vehicle
(CUV) will be the Game-Changing Segment in ASEAN
The research service discusses the product segments in the
passenger vehicle market in ASEAN. It provides the sales forecast
of individual vehicle segments in the three key ASEAN markets,
namely, Thailand, Malaysia, and Indonesia. The study discusses the likely
trends to be seen in the various product segments. Moreover, it
gives a detailed overview of the key policies and their likely
impact on the passenger vehicle segments in each country by 2020.
It also describes the effects of changing customer preference and
emergence of new segments in the industry.
Key Predictions—ASEAN
Key Takeaway: Compact fuel-efficient vehicles will continue to
drive the growth of the ASEAN automotive industry while crossovers
will be an emerging segment with high growth prospects.
Passenger Vehicle Market: Top 5 Predictions, ASEAN,
2016–2020
Asean Economic Community (AEC) will spur the growth of the light
vehicle assembly in the region to reach Million in 2020.
Thailand, Malaysia, and Indonesia are anticipated to hold % of the
total vehicle output by 2020.
Green car policies in Thailand,
Malaysia, and Indonesia are geared toward the growth in the
number of low-emission, energy-efficient cars. These policies have
already triggered production of such vehicles and will continue to
be the growth pillars in the region.
Government regulations, infrastructure, and tax incentives will be
the key drivers for growth in the number of electric vehicle and
plug-in hybrids. Thailand and
Malaysia will be the main
participants with their efforts to be the manufacturing hubs in
ASEAN.
The growth rates of crossover utility vehicles (CUV) are projected
to outpace that of the overall market growth up to 2020, with the
potential of new models (particularly entry level penetration) to
disrupt the current market share structure.
In 2020, Thailand will continue to
be the favourite hub for one-ton pickups production amidst the
economic downturn due to political turmoil and changing customer
preference toward small, fuel-efficient cars.
Read the full report:
http://www.reportlinker.com/p03605446-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/future-trends-in-passenger-vehicle-segments-in-asean-300216700.html
SOURCE Reportlinker