Myanmar’s automotive market is likely to grow at a compound annual growth rate (CAGR) of 7.8 per cent (2013-2019), driven by a growing economy, infrastructure development and increasing income.

Mr. Dushyant Sinha, Associate Director, Automotive Practice, Asia Pacific at Frost & Sullivan said that real growth is likely to start only after 2014.

New analysis from Frost & Sullivan (http://www. automotive.frost.com) CEO 360 Degree Perspective of the Automotive Market in Myanmar finds that the market, currently dominated by used vehicles, is likely to grow at a compound annual growth rate (CAGR) of 7.8 per cent (2012-2019) to reach 95,300 units in 2019 due to greater integration with the rest of ASEAN. more…