Although Japan will remain a major global market, and No. 3 in vehicle production, India is poised to permanently overtake it as the No. 1 market in the Asia-Pacific (excluding China) region by 2026. Along with other countries, such as South Korea, Thailand and Vietnam, India also will help solidify the region as a production base for long-term growth – though headwinds such as weaker global markets and competition from China in building for export markets will present significant challenges.
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Long-Term Asia-Pacific (less China) Growth Dependent on India, Key Southeastern Countries
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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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