04 février 2020

Indonesian Auto Production and Domestic Consumption Trending Upward

Indonesian Auto Production and Domestic Consumption Trending Upward Indonesia is the second largest car manufacturing nation in Southeast Asia and the ASEAN (Association of Southeast Asian Nations) region, trailing behind Thailand, which controls about half of total car production.  Well-known auto producers have opened or reopened manufacturing plants or increased production in Indonesia.  In 2017 SAIC-GM-Wuling — a joint venture between General Motors, SAIC, and Guangxi Automobile Group — invested $700 million into... [Lire la suite]
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01 décembre 2019

INDONESIA MOTOR INSURANCE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

INDONESIA MOTOR INSURANCE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024) Indonesia Motor Insurance Market The Indonesia Motor Insurance Market is expected to register a CAGR of 5.3% over the forecast period 2019-2024. The Indonesian non-life insurance market reported a turnover of 69.9 trillion IDR (4.8 billion USD) in 2018, an increase of 9.8% than 2017. The motor insurance has amounted 18.67 trillion IDR (1.2 billion USD) premiums in 2018 with a significant market share of 29% in the overall non-life sector. The growth... [Lire la suite]
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31 août 2019

Asia Pacific Automotive Usage-Based Insurance (UBI) Market to 2027

Asia Pacific Automotive Usage-Based Insurance (UBI) Market to 2027 The increasing demand for mobility-as-a-service (MaaS) and various type of insurance premium policies are boosting the growth of the automotive UBI market. Moreover, the strategic partnerships among insurance companies and telematics companies are anticipated to propel automotive UBI market growth in the forecast period. In the last few years, the consumer behavior towards intercity and intracity transit has been transformed to a newer level. A significant... [Lire la suite]
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12 mai 2019

Advanced Driver Assistance System (ADAS): Shaping the future of In-Vehicle Technology

Advanced Driver Assistance System (ADAS): Shaping the future of In-Vehicle Technology The increasing purchasing power of the consumers and stability in the economies of the developing nations such as Indonesia and Thailand will certainly drive the automotive business towards growth. One of the major drivers of the ADAS market is the innovation in technology that is occurring at a faster rate than the product life cycle of the automobiles. The flexibility in vehicle dynamics is permitting premium as well as standard segments of cars... [Lire la suite]