Future Growth of Automobile Sales to Be Driven by ‘Future 15’

In the past 2 years, the automobile industry kept talking about the growing trend in the emerging markets incl. Brazil, Russia, India, and China. Up to date, similar talks have turned to ‘Future 15 (emerging countries excl. the BRICS)’, which is expected to become the leading drive for future growth of the automobile industry.

These countries covers those with substantial population like Indonesia, Thailand, Malaysia, Turkey, Saudi Arabia, Iran, Chile, Argentina, Monaco, Egypt, and so on.

According to the data released by Boston Consulting Group, the so-called ‘Rising 15’ can achieve 10 million units of car sales every year and this figure is expected to climb to 14.5 million units in 2020. In 10 years, all the BRICS will step into the developed condition and the ‘Rising 15’ will become the new increasing market for the automobile industry.