The ASEAN and India automobile market is anticipated to grow with a CAGR of 3.62% and 4.19% respectively over the forecast period, i.e., 2022-2032. Factors such as growing urbanization, followed rise in population are projected to drive the growth of market in the coming years. Additionally, surge in investment in road infrastructure, and growing adoption of electric vehicles are also expected to drive the market growth. The market is further estimated to garner a volume of more than 22,500 thousand units and 27250 thousand units respectively by the end of 2032.
The ASEAN and India automobile market is segmented into vehicle type, and fuel type. By vehicle type, the market is segmented into 2-wheeler, 3-wheeler, and 4-wheeler. By the end of 2032, in the ASEAN region, the 2-wheeler segment is anticipated to garner the largest volume of 18,500 thousand units, up from a volume of close to 12,400 thousand units in the year 2021. Additionally, by the end of 2032, in India automobile market, the segment is estimated to generate the largest volume of above 21,800 thousand units, up from about 13,400 thousand units in the year 2021.
On the basis of region, the ASEAN automobile market is segmented into Thailand, Malaysia, Indonesia, and others. Out of these regions, the market in Indonesia is estimated to generate value more than 9,300 thousand units by the end of 2032, up from a value of about 6,200 thousand units, in the year 2021.
Some of the prominent industry leaders in the ASEAN and India automobile market hat are included in the report are Hyundai Motor Company, Maruti Suzuki India Limited, Tata Motors, Mahindra & Mahindra Ltd., Kia India Pvt Limited, Honda Motor Co., Ltd., Yamaha Motor Co., Ltd, Toyota Motor Corporation, Bajaj Auto Ltd., Kawasaki Heavy Industries, Ltd., and others.
The ASEAN and India automobile market is segmented into vehicle type, and fuel type. By vehicle type, the market is segmented into 2-wheeler, 3-wheeler, and 4-wheeler. By the end of 2032, in the ASEAN region, the 2-wheeler segment is anticipated to garner the largest volume of 18,500 thousand units, up from a volume of close to 12,400 thousand units in the year 2021. Additionally, by the end of 2032, in India automobile market, the segment is estimated to generate the largest volume of above 21,800 thousand units, up from about 13,400 thousand units in the year 2021.
On the basis of region, the ASEAN automobile market is segmented into Thailand, Malaysia, Indonesia, and others. Out of these regions, the market in Indonesia is estimated to generate value more than 9,300 thousand units by the end of 2032, up from a value of about 6,200 thousand units, in the year 2021.
Some of the prominent industry leaders in the ASEAN and India automobile market hat are included in the report are Hyundai Motor Company, Maruti Suzuki India Limited, Tata Motors, Mahindra & Mahindra Ltd., Kia India Pvt Limited, Honda Motor Co., Ltd., Yamaha Motor Co., Ltd, Toyota Motor Corporation, Bajaj Auto Ltd., Kawasaki Heavy Industries, Ltd., and others.
Table of Contents
1. An Introduction to the Research Study1.1. Preface
1.2. Market Taxonomy
1.3. Definition of the Market and the Segments
1.4. Acronyms and Assumptions
2. The Research Procedure
2.1. Research Process
2.2. Primary Research
2.3. Secondary Research
3. An Abstract of the Report
4. Market Dynamics
4.1. Market Growth Drivers
4.2. Market Growth Deflation
4.3. Market Trends
4.3.1. End User Based
4.3.2. Product/Service Based
5. Regulatory & Standards Landscape
6. Industry Value Chain Analysis
6.1. Manufacturing
6.2. Distribution
6.3. End User Outlook
7. Export Import Analysis
8. Pricing Analysis
9. Impact of COVID-19 on ASEAN and India Automobile Market
10. ASEAN and India Automobile Market Valuation, Business Viewpoint and Forecast, 2021-2032: Worldwide Factors Fostering the Industry Growth
10.1. Market Outlook
10.2. ASEAN Automobile Market Value (Thousand Units) Current and Future Projections, 2021- 2032
10.3. India Automobile Market Value (Thousand Units) Current and Future Projections, 2021 - 2032
10.4. ASEAN and India Automobile Market Segmentation
10.4.1. ASEAN and India Automobile Market Overview, by Vehicle Type
10.4.1.1. Detailed Overview
10.4.1.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
10.4.1.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
10.4.1.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
10.4.1.2. ASEAN and India Automobile Market Overview, by Fuel Type
10.4.1.2.1. Detailed Overview
10.4.1.2.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
10.4.1.2.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
10.4.1.2.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021 & 2032
11. ASEAN Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
11.1. Market Outlook
11.2. ASEAN Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.3. ASEAN Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
11.3.1. Detailed Overview
11.3.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.3.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.3.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.4. ASEAN Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
11.4.1. Detailed Overview
11.4.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.4.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
11.4.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
12. Thailand Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
12.1. Market Outlook
12.2. Thailand Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.3. Leading companies Automobile Market
12.4. Distributor outlook
12.5. Thailand Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
12.5.1. Detailed Overview
12.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.6. Thailand Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
12.6.1. Detailed Overview
12.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
12.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
13. Philippines Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
13.1. Market Outlook
13.2. Philippines Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.3. Leading companies Automobile Market
13.4. Distributor outlook
13.5. Philippines Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
13.5.1. Detailed Overview
13.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.6. Philippines Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
13.6.1. Detailed Overview
13.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
13.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
14. Malaysia Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
14.1. Market Outlook
14.2. Malaysia Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.3. Leading companies in the Automobile Market
14.4. Distributor outlook
14.5. Malaysia Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
14.5.1. Detailed Overview
14.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.6. Malaysia Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
14.6.1. Detailed Overview
14.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
14.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
15. Indonesia Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
15.1. Market Outlook
15.2. Indonesia Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.3. Leading companies in the Automobile Market
15.4. Distributor outlook
15.5. Indonesia Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
15.5.1. Detailed Overview
15.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.6. Indonesia Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
15.6.1. Detailed Overview
15.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
15.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
16. Vietnam Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
16.1. Market Outlook
16.2. Vietnam Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.3. Leading companies in the Automobile Market
16.4. Distributor outlook
16.5. Vietnam Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
16.5.1. Detailed Overview
16.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.6. Vietnam Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
16.6.1. Detailed Overview
16.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
16.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
17. Myanmar Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
17.1. Market Outlook
17.2. Myanmar Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.3. Leading companies in the Automobile Market
17.4. Distributor outlook
17.5. Myanmar Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
17.5.1. Detailed Overview
17.5.2. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.5.3. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.5.4. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.6. Myanmar Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
17.6.1. Detailed Overview
17.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
17.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
18. Singapore Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
18.1. Market Outlook
18.2. Singapore Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.3. Leading companies in the Automobile Market
18.4. Distributor outlook
18.5. Singapore Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
18.5.1. Detailed Overview
18.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.6. Singapore Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
18.6.1. Detailed Overview
18.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
18.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
19. Rest of ASEAN Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
19.1. Market Outlook
19.2. Rest of ASEAN Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.3. Leading companies in the Automobile Market
19.4. Distributor outlook
19.5. Rest of ASEAN Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
19.5.1. Detailed Overview
19.5.2. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.5.3. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.5.4. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.6. Rest of ASEAN Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
19.6.1. Detailed Overview
19.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
19.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
20. India Automobile Market Valuation, Business Viewpoint, and Forecast, 2021-2032
20.1. Market Outlook
20.2. India Automobile Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.3. Leading companies in the Automobile Market
20.4. Distributor outlook
20.5. India Automobile Market Valuation, Business Viewpoint and Forecast by Vehicle Type, 2021-2032
20.5.1. Detailed Overview
20.5.1.1. 2-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.5.1.2. 3-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.5.1.3. 4-Wheeler Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.6. India Automobile Market Valuation, Business Viewpoint and Forecast by Fuel Type, 2021-2032
20.6.1. Detailed Overview
20.6.1.1. Gasoline Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.6.1.2. Hybrid Market Value (Thousand Units) Current and Future Projections, 2021-2032
20.6.1.3. EV Market Value (Thousand Units) Current and Future Projections, 2021-2032
21. Competitive Positioning
22. Comprehensive Analysis of Leading Players in the Market
22.1. Market Share of Key Competitors in the Market (%), 2021
22.2. Profile of the Major Vendors
22.2.1. Hyundai Motor Company
22.2.2. Maruti Suzuki India Limited
22.2.3. Tata Motors
22.2.4. Mahindra & Mahindra Ltd.
22.2.5. Kia India Pvt Limited
22.2.6. Honda Motor Co., Ltd.
22.2.7. Yamaha Motor Co., Ltd
22.2.8. Toyota Motor Corporation
22.2.9. Bajaj Auto Ltd.
22.2.10. Kawasaki Heavy Industries, Ltd.
Companies Mentioned
- Hyundai Motor Company
- Maruti Suzuki India Limited
- Tata Motors
- Mahindra & Mahindra Ltd.
- Kia India Pvt Limited
- Honda Motor Co. Ltd.
- Yamaha Motor Co. Ltd
- Toyota Motor Corporation
- Bajaj Auto Ltd.
- Kawasaki Heavy Industries Ltd.
