Overview
On 13th June 2024, Frost & Sullivan presented a comprehensive analysis of the global automotive market during the 2024 APAC Fleet Summit in Bangkok, highlighting transformative trends and their impact on Southeast Asia. The presentation provided valuable insights into market dynamics, key trends, and predictions for 2024, focusing on the automotive industry’s growth pipeline and future outlook.
Below is a summary of their findings:
Key Global Insights 2023 & 2024
In 2023, the light vehicle market experienced a 0.8% growth, driven by economic recovery and resolved supply chain…