The report titled “Automotive Industry Outlook to 2025- Coverage on Bhutan, Sri Lanka, Bangladesh and Nepal” provides a comprehensive analysis of growth of Automotive sector in Nepal, Bhutan, Bangladesh, Sri Lanka. The report covers various aspects including Market Size, Future Potential, and Market Share by type of OEM and by type of Vehicle. The report also focuses on the Impact of Covid-19 on the industry and provides insights from the experts on the trends in sector.
Automotive Market
Overview and Size
Covid-19 pandemic has
drastically affected the supply chain in automotive sector and dampened the
consumer spending in these countries, resulting in reduced sales. The growth
over the years in these countries has been gradual. In Bhutan, the CAGR over
the years has been positive which expounds the expansion of automotive sector
in the country. Although, government in Bhutan is trying to discourage the use
of private vehicles in order to meet its sustainability goals and preserve the
rich environment of country by increasing the taxes. Whereas, in Bangladesh
government has heavily incentivized the sector by reducing taxes; the result
has been a healthy growth of the sector.
Automotive Market
Segmentation
The automotive
industry is affected by multitudes of factors. Government regulation and
policies play a significant role in the growth of this sector. The unit sale of
the automotive sector acts as an indicator of consumer spending in the country.
Similarly, when consumer spending shrank in Covid-19, the unit sale of cars
also went down.
By Type of Vehicle: In our report, we have considered all major types of vehicles
considering Light Vehicles, Heavy Vehicles, Two Wheelers, Taxi, Earth Moving
Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses,
Electric Vehicles.
By OEM: Majority of the cars in these countries are either imported from Japan
or a Japanese manufacturer produces in the country. We have introduced the unit
sale and market share for these OEM as per the conditions prevailing in the
respective countries.
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Competitive Landscape
of Automotive Market:
The competition in
the Automotive Market across Nepal Bhutan Sri Lanka and Bangladesh is fairly
concentrated and following a common trend where leading manufacturer are
associated with Japan or South Korea with around ~30% share in the market. The
major Automotive OEM include Toyota, Mitsubishi, Honda, Hyundai
Nissan and few other.
Production Capacity, Pricing, Range, Speed, Technology, Maintenance Cost,
Export Volume are the key competing parameters for the Automotive manufactures
in the considered countries.
Automotive Market
Future Outlook and Projections
The Automotive Market
across Nepal, Bhutan, Sri Lanka and Bangladesh is growing rapidly with each
country facing its specific bottlenecks. Government Regulations and tax
incentives drive these markets heavily. They also have an effect on the
consumer spending which directly effects the sales of all kinds of vehicles,
heavy as well as light weight vehicles. The new found confidence in the Nepal
Bhutan Sri Lanka and Bangladesh economic ecosystem has boasted the
manufacturing and the purchase of vehicles in these countries. The report
forecasts the CAGR for the 2020 to 2025 in Nepal Bhutan Sri Lanka and
Bangladesh for Automotive Sector to be strong with positive outlook towards
further growth.
Automotive
Market Industry Growth, Size, Share And Forecast 2027
Key Segments Covered
- By Type of Vehicle
- By OEM
- By Region (Bhutan
only)
Automotive OEMs
Covered in the Report
- Toyota
- Mitsubishi
- Hyundai
- Honda
- TVS
- Hero
- Audi
- Nissan
- Bajaj Auto
- Maruti Suzuki
Key Target Audience
- Automotive OEMs
- Consultancy Companies
- Industry Associations
- Regulatory Bodies
Time Period Captured
in the Report:-
- Historical Period–
2016-2020
- Forecast Period–
2020-2025
For More Information,
refer to below link:-
Sri Lanka, Bangladesh,
Nepal and Bhutan Automotive Market Research Report
Related Reports
Contact Us:-
Ken Research
Ankur Gupta, Head
Marketing & Communications
+91-9015378249
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