PR Log (Press Release) –
Jan 16, 2010 – Indonesia is engaged in a see-saw battle with Malaysia to rank as the second-largest vehicle market in the Association of South East Asian Nations (ASEAN). As highlighted by BMI, the country's rise to secondplace behind Thailand in 2008, due to sales growth of almost 40%, was short-lived. Sales for Q109 were down by 26% compared with the period last year, and the market dropped to third among the major ASEAN markets. Although BMI has slightly lowered its forecast to a decline in vehicle sales of 30% rather than our initial -20% forecast, this is more optimistic than some industry projections. Our forecasts consider the fact that the economy will be one of the region's better performers. Indeed, Indonesia's vehicle market is buoyed by the strength of its multi-purpose vehicle (MPV) segment, which has attracted significant investment in the year so far. News of new projects from Honda Motor and Mercedes-Benz was followed in May by the announcement that Volkswagen (VW) would begin local assembly of its Touran MPV through a joint venture (JV) with the Indomobil Group. The longerterm vision for VW is expansion into the rest of South East Asia, which the carmaker considers to be a region with 'enormous' growth potential. The expansion will also include adding other vehicles from its VW, Škoda Auto, Audi, and VW Commercial Vehicles brands. Given the market's potential and obvious attractiveness for investors, it is perhaps surprising that Indonesia ranks seventh in BMI's Business Environment Ratings for the Asia Pacific autos sector, with 56.2 from a possible 100. However, the country's risks to realisation of returns act as a hindrance, with low scores for corruption, bureaucracy and the legal framework. The industry itself scores well, with low labour costs, and a competitive environment with room for new players. Until these new players arrive, Toyota Motor continues to dominate the market. In Q109, Toyota Astra Motor (TAM) sold 35,719 units, to take its market share up to 35.6%. Its small car affiliate Daihatsu Motor ranked second in the quarter, with sales of 18,288 units for a market share of 18.2%, up from 12.8% as of end-2008. This pushed Mitsubishi Motors (MMC) down to third as its sales of 13,566 units claimed 13.5% of the market, down from 14.4% at the end of last year. TAM's dominance comes from its strong performance in the high-growth MPV segment, where the Indonesian-built Avanza mini-MPV accounts for 50% of the company's sales, and the Kijang Innova large MPV contributes a further 25%.
For more information or to purchase this report, go to:
- http://www.fastmr.com/prod/43669_indonesia_autos_report_ ...
Report Table of Contents:
Executive Summary
- Executive Summary
- SWOT Analysis
- Indonesia Autos Industry SWOT
- Indonesia Political SWOT
- Indonesia Economic SWOT
- Asia Pacific Regional Overview
- From Asia With Love
- Thailand Autos Sector - Historical Data And Forecasts
- Business Environment Ratings
Table: Business Environment Ratings -- Autos Industry Asia Pacific
- Industry Forecast Scenario
- Production & Sales - Indonesia
- Indonesia Automotive Market - Historical Data & Forecasts
- Trade
- Indonesia Automotive Market - Historical Data & Forecasts
- Economic Contribution
- Indonesia Automotive Market - Historical Data & Forecasts
- Macroeconomic Forecast Scenario
Table: Indonesia - Economic Activity
- Competitive Landscape
- Industry Developments
- Passenger Segment
- Indonesia - Top Ten Vehicle Sales, Jan-Sep 2009
- Commercial Segment
- Commercial Segment Developments
- Company Profiles
- Ford Looks To Boost Regional Presence
- Toyota Astra Motor
- Suzuki Indomobil Motor
- BMI Forecast Modelling
- How We Generate Our Industry Forecasts
- Sources
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment