The digital revolution has barely begun in the automotive industry. Having said that, automakers are racing to offer "connected" car services, which include features such as in-car internet access, entertainment systems, and integration with smartphones, traffic lights, and other vehicles. Today, the cars produced by the major automotive OEMs are built with automotive embedded systems. Soon they will become communicating objects. Ipsos Business Consulting expects that there will be 69 million connected cars on the road by 2020, equivalent to 75% of all cars shipped globally. There is a clear challenge for vehicle manufacturers, who are now engaged in a process of digital transformation, something that has previously been alien to heavy engineering companies. Connected Car, and the move into the Mobility arena, will see OEMs delivering new services expected by motorists, who are looking for functions similar to those already available on their smartphones and portable devices. Download the Ipsos Industry Report to find out more.
China overtook the United States as the world’s largest automotive market in 2009 and has retained the crown since then. China’s automotive aftermarket industry value reached USD 118 billion in 2015 and it is expected to grow at 12.7% CAGR to reach USD 214 billion by 2020. The average age of vehicles in China is expected to reach 5.0 years by 2018. As in developed countries, the Chinese automotive aftermarket will experience a boom once average vehicle age exceeds 5 years. This automotive industry guide takes a look at the realities and trends of the automotive aftersales market in China and sets out some of the opportunities and challenges that automotive companies, auto part makers and aftersales service providers will encounter when looking to secure high performance.
Indonesia’s developing used car market is gradually becoming more structured due to the greater availability of flexible financing terms, standardized and authorized dealership channels and better transparency of information. Significant opportunities exist for Indonesia’s growing aftermarket landscape, with over 11 million PVs (~77% of total PV population) to be out of warranty by 2020, with an out of warranty population CAGR of 9.7% from 2015-2020. In our latest industry guide we explore the Implications for foreign and new market players seeking to capture Indonesia’s aftermarket opportunity.
ASEAN is host to two of the world's most important emerging markets for Automotive - Thailand and Indonesia. In our latest automotive publication our Automotive team provide you with an outlook on the Indonesian automotive industry in 2020, including the opportunities and challenges that automotive OEMs and parts manufacturers will need to address. Specifically, the Ipsos paper looks at:
Indonesian Passenger Vehicle and Motorcycle Market Trends
Thailand has witnessed a sharp decline in new car sales in recent years. In common with other automotive markets, the OEMs and dealerships have also seen a steady decline in the profit margins within the new vehicle sales business, along with an extension of car life. All of this makes the after sales business increasingly important in the efforts to maximise revenues and profit across the industry. At the same time, the country is experiencing significant change within the after sales market, putting the OEMs’ market share at risk. This Industry Report looks at the opportunities and trends within the Thai automotive after sales market, including how the changes in customer behaviour are giving rise to a need for existing and new players to re-examine their after sales business model.