Sri Lanka, Bangladesh, Nepal and Bhutan Automotive Market 2021 Upcoming Trends, Industry Size, Market Growth, Demand and Forecast Research Report to 2027: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How is South Asian Automotive Market Positioned? Asian countries vary greatly in terms of automobile manufacturing and market demand. It includes Bangladesh which is the third largest automotive market in Asia. The countries that we have considered in this research are Nepal, Bhutan, Bangladesh and Sri Lanka. Except Bangladesh, all the countries are heavily reliant on the import of automotive vehicles. Most popular means of transport is two wheeler in these countries since it is easy to transport and will be more affordable than four wheelers, except Sri Lanka. Out of the Heavy weight vehicles, ambulance are most popular, followed by Buses and Trucks. Pre-COVID, Bangladesh saw the Automotive Industry growing as a result of its government schemes. Market: The automotive Industry has seen significant growth in the last few years, recording a CAGR of ~% during 2016-2020 primarily due to strong economic growth, increased consumer spending, increased consumer and business confidence in the economy and affirmative government policies. Apart from these factors, other indirect factors have played a major role as well, like condition of public transport, geography and terrains of the countries, accessibility to micro-chip manufacturing centres and trade agreements that have facilitated strong growth and increased sales in units. Nepal Automotive Market By Type of Vehicle: 70% of the vehicle consists of two wheelers in the country as they are more affordable and easy to replace along with they fit fairly well with geography and terrain of Nepal. With pandemic, there was a massive increase in sales for 2 wheelers as people were hesitant to travel in any mode of public transport. While two-wheelers recorded encouraging sales when the lockdown was lifted, the same wasn’t the case for four-wheelers. Unlike two-wheelers, buying a four-wheeler—the least expensive of which cost two million rupees—in Nepal is a high-value investment. By Region (Zone): Bagmati and Lumbini are the leading regions in Nepal representing lion’s share of sales in Automotive Industry. In 2019, the country was hit with a nationwide lockdown due to COVID and this was implemented in the peak sales season.. Bhutan Automotive Market Bhutan has witnessed a massive increase in the sales of cars in the past 5 years. Estimates say that now there is one car for every 7 people in Bhutan. However, Bhutan has always been well known for its efforts to attain complete sustainable development. Keeping these goals in mind, the country is pushing towards EVs or electric vehicles. It aims to become a hub for electric vehicles. To discourage the use of vehicles (pre-COVID) in order to keep in track with the happiness index (which the Bhutanese prioritise), the government also increased taxes on vehicles. However, car buyers were not discouraged from obtaining loads and hence financing this purchase was easy. Power tillers are a highly growing segment in Bhutan with a CAGR of 14% for 2020-2025. It is the sign of the growing agriculture in the country. Another leading segment is the light weight vehicles. Sri Lanka Automotive Market Sri Lanka is an import based country when it comes to automotive. The decline in the automotive sales started when there was a terrorist attack on the country which was followed by a ban on imports to save the much needed foreign exchange. To make matters worse, the government revised and increased the excise duty for automotive vehicles in Sri Lanka which slowed down the imports. The ban took a toll on the entire market as this ban was imposed at a time where public transport was not convenient and there was a demand for two wheelers. Companies have been selling vehicles from their inventory but they do not have any inventory to sell after 2020. Many small dealerships have shut shop during this period as they did not have enough inventory to stay in business and this has also led to massive unemployment. By OEM : We have divided this segmentation into two sections, one for motor cars and the other for motorcycles. The most popular OEMs in two wheeler segment are Indian companies whereas in the four wheeler segment it is the Japanese that take the largest share. Bangladesh automotive Market With a population of 167 million people and an annual GDP growth averaging over 7% in the last five years, and high remittance from expatriates, Bangladesh represents one of the World’s Top 5 emerging economy for the next decade. Despite doubled in the last five years, the per capita income is still among the lowest in the World (US$1.829 in the 2019), but it is projected to double within the next five years. Pre-COVID, Bangladesh saw the Automotive Industry grow as a result of its government schemes. There was a decrease in automotive taxes which led to an increase in mobility and sales. Similar to other countries, sales were down during the year 2019-2020, owing to COVID. However, post the lifting of lockdown, Bangladesh saw a rise in the demand for 2 wheelers as public transport was not convenient for everyone and the most affordable option in the market was a 2 wheeler. The government has been very supportive of the industry and has schemes in place to promote the industry in a post-COVID world. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc2NDk5 Nepal Bhutan Sri Lanka and Bangladesh Automotive Market Future Outlook and Projections Nepal Bhutan Sri Lanka and Bangladesh Automotive Market is expected to increase at a CAGR of double digit during 2021 to 2026 basis volume. After the pandemic there will be a push and rebound growth in the manufacturing sector of the country and consumer demand rebound in the countries, pushing the growth. There will be a boast in various low share segments like Taxi and Power Tillers due to rebound of the commercial activities in country. Government Policies and taxation policies provide a foundational support for the growth of this industry. Key Factors Considered in the Report Nepal Bhutan Sri Lanka and Bangladesh Automotive Sales Volume Nepal Bhutan Sri Lanka and Bangladesh Automotive Vehicle Type (in Units) Nepal Bhutan Sri Lanka and Bangladesh Automotive Vehicle Type (Market Share) Nepal Automotive Vehicle Registration by Region Nepal Vehicle Registration by State Nepal Bhutan Sri Lanka and Bangladesh Automotive Maker Market Share Future Market Size and Segmentations, 2020-2025F Related Reports India Rental Two Wheeler Market Outlook To 2025 – Driven By Introduction Of Electric Vehicles And Adoption Of Dockless System In Vehicles Saudi Arabia Used Car Market Outlook To 2025- By Market Structure, By Type Of Car, By Brand, By Type Of Sourcing, By Age Of Vehicle Indonesia Used Car Market Outlook To 2025 – By Market Structure (Organized & Unorganized), By Type Of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age And By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 11 Tags: Automotive Industry In Bangladesh, Automotive Industry In Bhutan, Automotive Industry In Nepal, Automotive Industry In Sri Lanka, Automotive Market In Bangladesh, Automotive Market In Bhutan, Automotive Market In Nepal, Automotive Market In Sri Lanka, Bangladesh Automotive Industry, Bangladesh Automotive Industry Market Research Report, Bangladesh Automotive Market, Bangladesh Automotive Market Analysis, Bangladesh Automotive Market Competition, Bangladesh Automotive Market Forecast, Bangladesh Automotive Market Future Outlook, Bangladesh Automotive Market Growth, Bangladesh Automotive Market Growth Strategy Report, Bangladesh Automotive Market Major Players, Bangladesh Automotive Market Market Research Report, Bangladesh Automotive Market Research Report, Bangladesh Automotive Market Revenue, Bangladesh Automotive Market Revenue Forecasting, Bangladesh Automotive Market Shares, Bangladesh Automotive Market Size, Bangladesh Automotive Market Trends, Bhutan Automotive Industry, Bhutan Automotive Industry Market Research Report, Bhutan Automotive Market, Bhutan Automotive Market Analysis, Bhutan Automotive Market Competition, Bhutan Automotive Market Forecast, Bhutan Automotive Market Future Outlook, Bhutan Automotive Market Growth, Bhutan Automotive Market Growth Strategy Report, Bhutan Automotive Market Major Players, Bhutan Automotive Market Market Research Report, Bhutan Automotive Market Research Report, Bhutan Automotive Market Revenue, Bhutan Automotive Market Revenue Forecasting, Bhutan Automotive Market Shares, Bhutan Automotive Market Size, Bhutan Automotive Market Trends, Covid-19 Impact Bangladesh Automotive Industry, Covid-19 Impact Bangladesh Automotive Market, Covid-19 Impact Bhutan Automotive Industry, Covid-19 Impact Bhutan Automotive Market, Covid-19 Impact Nepal Automotive Industry, Covid-19 Impact Nepal Automotive Market, Covid-19 Impact Sri Lanka Automotive Industry, Covid-19 Impact Sri Lanka Automotive Market, Industry Market Research Report Of Bangladesh Automotive, Industry Market Research Report Of Bhutan Automotive, Industry Market Research Report Of Nepal Automotive, Industry Market Research Report Of Sri Lanka Automotive, Market Market Research Report Of Bangladesh Automotive, Market Market Research Report Of Bhutan Automotive, Market Market Research Report Of Nepal Automotive, Market Market Research Report Of Sri Lanka Automotive, Nepal Automotive Industry, Nepal Automotive Industry Market Research Report, Nepal Automotive Market, Nepal Automotive Market Analysis, Nepal Automotive Market Competition, Nepal Automotive Market Forecast, Nepal Automotive Market Future Outlook, Nepal Automotive Market Growth, Nepal Automotive Market Growth Strategy Report, Nepal Automotive Market Major Players, Nepal Automotive Market Market Research Report, Nepal Automotive Market Research Report, Nepal Automotive Market Revenue, Nepal Automotive Market Revenue Forecasting, Nepal Automotive Market Shares, Nepal Automotive Market Size, Nepal Automotive Market Trends, Sri Lanka Automotive Industry, Sri Lanka Automotive Industry Market Research Report, Sri Lanka Automotive Market, Sri Lanka Automotive Market Analysis, Sri Lanka Automotive Market Competition, Sri Lanka Automotive Market Forecast, Sri Lanka Automotive Market Future Outlook, Sri Lanka Automotive Market Growth, Sri Lanka Automotive Market Growth Strategy Report, Sri Lanka Automotive Market Major Players, Sri Lanka Automotive Market Market Research Report, Sri Lanka Automotive Market Research Report, Sri Lanka Automotive Market Revenue, Sri Lanka Automotive Market Revenue Forecasting, Sri Lanka Automotive Market Shares, Sri Lanka Automotive Market Size, Sri Lanka Automotive Market Trends