ASEAN Likely to Be 8th Largest Automotive Market by 2015 - Frost & Sullivan Webinar

Nov. 9, 2011 - PRLog -- For years, Asia has been the biggest growth market for the automotive industry. While global Automotive OEMs and suppliers have sorted their China and India strategy, ASEAN markets however, still bear untapped market potential. The region is likely to be the 8th largest market by 2015 with a total production of over 3 million vehicles and with Thailand and Indonesia emerging as the main production hubs. The region promises enormous opportunities.

Frost & Sullivan will hold a complimentary web conference, entitled ASEAN – The Final Frontier, taking place on Thursday, 17th November 2011, at 4 p.m. GMT. Vice President Asia Pacific Automotive & Transportation, Vivek Vaidya, will investigate the type of vehicles which needs to be introduced in each ASEAN country and present opportunities and challenges lying ahead for Automotive OEMs and suppliers in this region of the world.  

To participate in this complimentary web conference, please email Katja Feick at katja.feick@frost.com with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

The web conference will benefit global and regional OEMs, component manufacturers, distributors and dealers by discussing emerging market trends and providing forward projections for the ASEAN automotive market.

Participants will learn about the growth opportunities in the different countries and vehicle segments in the ASEAN market, understand key market trends and hear about opportunities and challenges for OEMS as well as suppliers. The web conference will be concluded with an interactive Q&A session.

“ASEAN is an untapped region with Japanese OEMs having more share in these markets than in their domestic market in Japan,” explains Vaidya. “Indonesia and Thailand are the key ASEAN growth markets and in future Indonesia is likely to emerge as the low cost hub due to advantages in terms of government support, lower labour as well as manufacturing costs,” he concludes.

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