Asia Oceania: driving the market for SUVs and sub-compact SUVs:
the asia-oceania SUV and sub-compact SUV market is poised to register the highest
CAGR during the forecast period. This can be primarily attributed to the strong state
support, availability of economical domestic resources, and emerging economies in the
region, particularly china and India. Major oems are investing heavily in the region,
prompted by factors such as young demographics and the expanding middle class. The
production of suvs and sub-compact suvs is expected to increase in countries such as
china and India, owing to availability of cost-effective labor and favorable government
policies. For instance, the government of India has allowed 100% foreign direct
investment (FDI) with no minimum investment criteria for the automotive sector.
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