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Did You Know, Which Countries Produces Most Cars in Southeast Asia?
ECONOMY Beyond

Did You Know, Which Countries Produces Most Cars in Southeast Asia?

The development of the automobile industry differs greatly among the Southeast Asian countries.

According to an analysis, Thailand is the most developed country in terms of automobile manufacturing which world's leading automobile manufacturers, such as Ford, Honda, Toyota and BMW have built factories in Thailand.

The production volume of automobiles in Thailand even reached 2 million, while the export volume was over 1 million in 2016.

There are a lot of whole vehicle manufacturers in the Philippines, Malaysia, Vietnam and Indonesia as well. Myanmar has a small-scale automobile assembly industry while Singapore, Brunei, Laos and Cambodia do not have the automobile manufacturing industry.

It is predicted that the automobile industry in Southeast Asia will maintain the fast growth from 2017 to 2021.

Therefore, let's have a look at the potential and herewith Seasia would want to brief the statistics of the car and vehicle motors production up to 2016, as recorded by OICA, the Paris-based International Organisation of Motor Vehicle Manufacturers institution.

THAILAND - 1,944,417 units

Although the vast majority of global cars manufacturers have already a corporate presence in the Kingdom of Thailand, the three largest manufacturers originally come from Japan: Toyota, Isuzu and Honda. The automobile industry in Thailand as a whole account for 12% o GDP and employ more than 550,000 workers | Thailand Automotive Institute
Although the vast majority of global cars manufacturers have already a corporate presence in the Kingdom of Thailand, the three largest manufacturers originally come from Japan: Toyota, Isuzu and Honda. The automobile industry in Thailand as a whole account for 12% o GDP and employ more than 550,000 workers | Thailand Automotive Institute

INDONESIA - 1,177,389 units

In 2016, German automaker BMW launched its 7 series sedans in Indonesia that will be assembled in the country as it seeks to tap into the long-term demand for luxury vehicles in Southeast Asia’s biggest economy | Reuters
In 2016, German automaker BMW launched its 7 series sedans in Indonesia that will be assembled in the country as it seeks to tap into the long-term demand for luxury vehicles in Southeast Asia’s biggest economy | Reuters

MALAYSIA - 513,445 units

Source Image: Autoworld.com.my
Source Image: Autoworld.com.my

PHILLIPPINES - 135, 840 units

Car enthusiasts can expect a lot of things to see and check out at the Manila International Auto Show (MIAS) held in March this year | Top Gear Philippines
Car enthusiasts can expect a lot of things to see and check out at the Manila International Auto Show (MIAS) held in March this year | Top Gear Philippines

VIETNAM - 66,030 units

Vietnam is coming up with its own car, and plans for the “national car” is already underway. According to Reuters, Vingroup, the country’s leading property developer, has kickstarted the construction of the car factory in a project worth US$1-1.5 billion in the first phase. Vingroup’s construction brand Vinfast has signed an MoU with Credit Suisse for the bank extend $800 million in financing. The 335-hectare factory is located in Haiphong, a northern city | Paultan.org
Vietnam is coming up with its own car, and plans for the “national car” is already underway. According to Reuters, Vingroup, the country’s leading property developer, has kickstarted the construction of the car factory in a project worth US$1-1.5 billion in the first phase. Vingroup’s construction brand Vinfast has signed an MoU with Credit Suisse for the bank extend $800 million in financing. The 335-hectare factory is located in Haiphong, a northern city | Paultan.org

Despite the statistics, it is expected that the relatively low labor cost in Southeast Asia will encourage whole vehicle and accessory manufacturers to shift the production capacity to this region. For another, the increasing demand for automobiles in

For another, the increasing demand for automobiles in Southeast Asian market will promote the export from the worldwide vehicle and accessory manufacturers to these countries.

Source : OICA.net

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