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Mega Trends Shaping the Southeast Asian Light Vehicle Industry

Vehicle production among members of the Assn. of Southeast Asian Nations is expected to more than triple to 6 million units by 2019.
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Vehicle production among members of the Assn. of Southeast Asian Nations is expected to more than triple to 6 million units by 2019.

EY's Mega Trends Shaping the Southeast Asian Light Vehicle Industry says growth will be driven by five mega trends that will drive revenue, cost and profitability:

ASEAN's emerging stature as a major regional hub

The desire by manufacturers to balance regional production

A growing presence of Japanese and other foreign producers

An expanding localized supply base

The need for mitigation strategies to offset supply chain risks

This executive summary highlights key issues facing manufacturers, suppliers and other stakeholders seeking to capitalize on ASEAN expected 10.6% compound annual growth rate through the current decade.

Click HERE for more about the EY Global Automotive Center.

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