Insights

DISCOVER

COMPANY

Survey

SURVEY

Consulting

COUNSULTING

Create New Account

Book discovery call

Sri Lanka, Bangladesh, Nepal and Bhutan Automotive (Light Vehicle, Heavy Vehicle, Two Wheelers, Taxi, Earth Moving Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses, Electric Vehicle) Industry Outlook to 2025

Region:Asia

Author(s):Sanya Bahal

Product Code:KR1087

Download Sample Report

Published On

October 2021

Total pages

Download Sample Report

About the Report

The report titled “Sri Lanka, Bangladesh, Nepal and Bhutan Automotive (Light Vehicle, Heavy Vehicle, Two Wheelers, Taxi, Earth Moving Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses, Electric Vehicle) Industry Outlook to 2025” 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.

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.

Products

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

Companies

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

1. Research Methodology

2. Ecosystem for Automotive Industry

3. Bhutan Automotive Industry Overview

3.1 Number of Automobiles Sales in Bhutan, 2016-2025

3.2 Bhutan Automobile Sales Volume by Light Vehicle, Heavy Vehicle, Two Wheelers, Taxi, Earth Moving Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses, Electric Vehicle and Others, 2016-2020

3.3 Key Findings for Bhutan Automotive sector

4. Sri Lanka Automotive Industry Overview

4.1 Number of Automobiles Sales in Sri Lanka, 2016-2025

4.2 Sri Lanka Automobile Sales Volume by Motor Cars, Two Wheelers, Three Wheelers, Buses, Multi-Purpose Vehicles, Motor Lorries, Tractors, Trailers, Quadricycle and Motor Home, 2016-2020

4.3 Key Findings for Sri Lanka Automotive sector

4.4 Market Share for Two Wheelers, By OEMs, 2020

4.5 Market Share for Motor Cars, By OEMs, 2020

5. Bangladesh Automotive Industry Overview

5.1 Number of Automobiles Sales in Bangladesh, 2016-2025

5.2 Bangladesh Automobile Sales Volume by Motorcycle, Auto Rikshaw, Private, Passenger car, Pick up (Double/Single Cabin), Jeep, Truck, Microbus, Tractor, Covered Van, Delivery Van, Ambulance, Special Purpose vehicle, Minibus, Tanker, Bus, Human Hauler, Auto Tempo, Taxi cab, Cargo Van and Others, 2016-2020

5.3 Key Findings for Bangladesh Automotive sector

5.4 Market Share for Two Wheelers, By OEMs, 2020

5.4 Market Share for Motor Cars, By OEMs, 2020

6. Nepal Automotive Industry Overview

6.1 Number of Automobiles Sales in Nepal, 2016-2025

6.1 Nepal Automobile Sales Volume by Motorcycle, Car/Jeep/Van, Crane/Dozer/Scabhater/Truck, Tractor/Power trailer, E-Rikshaw, Pick Up, Tempo, Minibus/Mini truck, Bus, Micro and Others, 2016-2020

6.3 Nepal Automobile Sales by Region, 2015-2020

6.4 Key Findings for Nepal Automotive sector

Disclaimer

Contact US

Why Buy From Us?

Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository

150+ Consulting project a year

100+ Analysts

8000+ Client Queries in 2022