Production in India, Indonesia, Thailand and some smaller hubs will more than offset downturns in Japan and South Korea over the next five years in the Asia-Pacific (less China). Hampering production in Japan and South Korea, the first and third largest vehicle manufacturers in the region, are expected downturns in sales in their own markets, as well as slowing growth in export production. With some help, India will be the juggernaut that drives sales and production growth in the region.
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Asia-Pacific Market Outlook: India, Others to Offset Weakness in Japan, South Korea
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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