- 13 Asian countries have been analysed: India, Indonesia, Korea, Thailand, Malaysia, Taiwan, Philippines, Pakistan, Vietnam, Sri Lanka, Singapore, Myanmar and Bengladesh. Japan and China are not included into this set of countries.

- The combined automobile ownership volume of these 14 Asian countries increased 5.73 million units to over 120 million units in 2014 compared to 2013. Apart from Singapore where ownership restriction is imposed and Taiwan where the market is saturated, ownership volume in all other countries continued to increase. As for ownership rate in 2014, there were 53 automobiles on the roads for every 1,000 persons, indicating much room for growth.

- India was on top with 34 million units. Other countries with over 10 million units of ownership volume were Indonesia (20.5 million), Korea (20.12 million), Thailand (14.95 million) and Malaysia (12.59 million).

- Looking at ownership volume per 1,000 persons, the top three countries were Malaysia (413), Korea (399) and Taiwan (322), all displaying market maturity similar to developed countries. Ownership rate of Thailand stood at 218 units in 2014, indicating continuing expansion.

- In contrast, Indonesia's ownership rate of 82 units was significantly lower compared to Thailand. Remarkable economic growth in the Philippines (36) and Vietnam (23) is expected to trigger motorisation in any time now, drawing attention to future growth in ownership rate in these countries.

   

Contact us: info@inovev.com