ASEAN Commercial Vehicles Market 2022 Size, Status and Precise Outlook- Mitsubishi Motor Corporation, Honda Motor Corporation, Daihatsu Motor

The ASEAN Commercial Vehicles  market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the ASEAN Commercial Vehicles market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the ASEAN Commercial Vehicles industry and provides data for making strategies to increase market growth and effectiveness.

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The ASEAN Commercial Vehicles market is expected to register a CAGR of 4%, during the forecast period, (2022 - 2027).

Markets Segmentation:

Top leading Companies Profiled in ASEAN Commercial Vehicles Market Report are Ê- Izusu Motors Ltd, Mistsubishi Motor Corporation, Honda Motor Corporation, Daihatsu Motor Co. Ltd, Ford Motor Company, UD Trucks Corp, Scania, Fiat Chrysler Automobiles, Hyundai Motor Corporation, IVECO (CNH Industrial NV), Hino Motors Ltd., Tata Motors

News and Updates

- In January 2022, Isuzu Motors Limited and Honda R&D Co., Ltd, an R&D subsidiary of Honda Motor Co., Ltd., signed an agreement to undertake joint research on heavy-duty trucks, utilizing fuel cells as the powertrain.

- In March 2022, Toyota Motor Corporation and Hino Motors, Ltd., announced plans to jointly develop a heavy-duty fuel cell truck and to proceed with initiatives toward its practical use through verification tests and other means.

- In September 2018, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) announced the construction of new assembly plant in Thailand with estimated investments of EURO 12 million.

Market Overview

- The ASEAN countries witnessed a strong demand for heavy trucks and machinery, with the largest construction project pipeline, globally, with approximately USD 4.9 trillion worth of projects. Exports of heavy machinery, including trucks, from Singapore to the rest of the ASEAN region have grown steadily over the years. These exports are supported by investments in construction projects in the ASEAN region.

- Key developments in the market studied include product launches from significant manufacturers. In 2018, Mercedes-Benz launched AXOR 2528 R, IVECO launched the series 682 variant 4x2, Isuzu Astra Motor launched the new Isuzu GIGA truck, and Suzuki Indomobil Motor launched the facelift version of Mega Carry.

- Some of the major players in the market studied are Toyota, Isuzu, Mitsubishi, Hino, and Ford. In 2017, Toyota Motors dominated the ASEAN commercial vehicles market, with a market share of 35%, followed by Isuzu with a market share of 21%. The other players in the market studied include Daimler, TATA Motors, BAIC, and UD Trucks.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from ASEAN Commercial Vehicles Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the ASEAN Commercial Vehicles market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - ASEAN Commercial Vehicles market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the ASEAN Commercial Vehicles

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In conclusion, the ASEAN Commercial Vehicles market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the ASEAN Commercial Vehicles Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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