Automobile |
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 In Indonesia, automobile makers are expanding their existing production capacity to meet demand and exploit market potential from a relatively low ratio of car ownership in the world's fourth most populous country. Less than 1 in every 35 Indonesians owns a car, compared with 1 in 14 Thais and 1 in 7 Malaysian, which suggests potential for even more growth. Indonesia automobile industry has a positive long-term outlook, due to the sizable domestic market, low penetration rates and the country's attractiveness as a regional production base.
Motor vehicle production globally has been increasing significantly over the years, at a rate of 17.4% from 2002 to 2006. The global automobile sector has produced around 69.26mn units of motor vehicles worldwide, with the Asia Oceania region leading globally with 28.19mn units. The second largest motor vehicle producer globally is the Europe region with 21.41mn units, followed closely by America with 19.09mn units. The total motor vehicle production worldwide grew by 4.17% Y-o-Y, and the largest growth rate of 9.13% Y-o-Y achieved amongst all regions is from Asia Oceania |
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