Analysis of Automobile Industry in Bangladesh

Management 1
Global business in the Asian century
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Management 2
Analysis of Automobile Industry, Bangladesh
SWOT analysis
1. Evolving Industry: Automobile is symbolic of economic development and autonomy in
any given country. It allows citizens to work, travel and live in ways that were
unimaginable years ago. It is obvious that each automobile journey will either end with
an economic matter or with various other benefits impacting the quality of life.
2. Transferring developments in Asia markets: even if the automobile is the rhythm in
the developed markets such as Europe and America, the same trend is shifting to the
developing markets like Bangladesh, India, China, and other Asian countries. This is as a
result of an increase in shifting the way of living, disposable earnings, and a stable
economy.
3. Increasing demand for automobile luxurious goods: automobile companies such as
Mercedes-Benz, Hyundai, Scania, VOLVO and BMW are aiming high to the developing
nations as the demand of luxury in public transporting sector continues to rise.
4. Manufacturing benefits to minimize expenses: automobile organizations are
manufacturing their plants in developing countries such as China, India, and Bangladesh
because they have an economical workforce which results in lower production cost.
Weaknesses
1. Efficient labor crisis: this is a major drawback for the automobile companies in
Bangladesh.