The global automotive repair & maintenance services market is anticipated to register a favourable growth for the forecast period of 2015 – 2025. On the basis of region, South East Asia is becoming a global automotive hub due to the region’s strong economic growth and rising consumer class. According to the Economist Intelligence Unit’s ASEAN Automotive, the growth of vehicle population and car sales are projected to rise from 3.6 million to 5.3 million over the next five years. This in turn results in increased demand for automotive repair & maintenance services in these countries. The ASEAN countries also offer attractive opportunities for International automotive suppliers to enter the value chains especially in countries such as Thailand, Indonesia and Malaysia who are not only the largest markets in the ASEAN region but also the major producers of vehicles.
Tapping on the growth momentum of the repair and maintenance industry, GarageXpo Asia will be launching its inaugural edition from 21 – 23 March 2017 at Singapore EXPO Hall 1. Held alongside Tyrexpo Asia, GarageXpo Asia brings together the automotive aftermarket communities in Southeast Asia showcasing the latest automotive repair & maintenance equipment, technologies, and trends.
Please come and visit Norton Booth at 1C19.