Developing Asia the center of global automobile production

The developing Asia-Pacific region will account for 62% of overall growth in global automobile production between 2012 and 2017 according to the latest data from PwC Autofacts (New York, NY). The region, including key markets China and India, will contribute 62.0% of gains in vehicle assembly over the period whereas developed Asia, which includes major auto producers Japan and South Korea, will see its output decline by 3.5%.

Next-best performing region according to Autofacts will be North America, forecast to contribute 13.4% of global growth, with the European Union accounting for 11.7%, South America 6.7% and Eastern Europe 6.3%.

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