DUBLIN, Sept. 22, 2022 /PRNewswire/ — The “Analysis Report on Thailand’s Car Trade, 2022-2031″ report has been added to ResearchAndMarkets.com’s providing.
Car manufacturing will proceed to develop in Thailand from 2022 to 2031.
Thailand’s car trade originated within the early Nineteen Seventies. With its superior geographic location and authorities help, Thailand has develop into the biggest car producer in Southeast Asia, and is known as the Detroit of Asia. Car manufacturing has lengthy been the pillar trade of the Thai economic system. In 2021, the output worth of car manufacturing accounted for greater than 10% of Thailand’s GDP.
From 2011 to 2012, the Thai authorities applied the First-Time Purchaser Program to encourage car consumption, which led to speedy progress in car manufacturing and gross sales. Nevertheless, the car manufacturing quantity dropped by 25.77% in 2014 after this system expired. Regardless of regular progress, it didn’t recuperate to 2.53 million models in 2013.
The gross sales declined from 2013 to 2016, and rebounded to 873,000 models until 2017. In 2020, because of the influence of COVID-19, annual gross sales fell 21.4% to 792,146 models, and continued to fall to 762,217 models in 2021. Thailand’s automotive trade is export-oriented. Previously 5 years, over 1 million cars have been exported to ASEAN international locations, Australia, the Center East and Europe yearly. The import quantity is much less. Nevertheless, the import tariff on cars is predicted to be lowered as Thailand indicators extra free commerce agreements in recent times.
Through the years, the Thai authorities has launched a sequence of insurance policies to draw overseas funding. The auto producers in Thailand are primarily Japanese and US firms. The large opponents and fierce competitors make the market completely aggressive. In contrast with different Southeast Asian international locations, Thailand has a developed auto elements trade and numerous auto elements suppliers. Nevertheless, it nonetheless must import key auto elements.
There are various car manufacturers in Thailand, together with Toyota, Mitsubishi, Isuzu, Ford, BMW, Chevrolet, and so on. which have produced a powerful scale impact after years of improvement and manufacturing enlargement. With the popularization of latest vitality automobiles, the Thai authorities additionally drew up a roadmap to provide tax breaks and different preferential insurance policies to new vitality automobile enterprises.
Thailand’s automotive trade has prospect. Thailand’s Japanese Financial Hall initiative proposes to develop 10 goal industries together with the automotive trade within the japanese area. And the free commerce agreements with Australia, China, India, New Zealand and different ASEAN international locations will facilitate the event of abroad markets for Thailand’s automotive trade.
The discount of import tariffs may even present a worth benefit for cars. New vitality automobiles will develop quickly in Thailand with the expiration of the lock-up interval of the First-Time Purchaser Program, extra cars past the guarantee interval, and the federal government’s efforts to develop new vitality automobiles.
It’s anticipated that within the subsequent few years, the rise in residents’ revenue will promote car consumption in Thailand. And the exemption of import tariffs on cars in ASEAN international locations will enhance Thailand’s car exports.
- Growth setting of Thailand’s car trade
- Evaluation on provide of and demand for cars in Thailand
- Competitors in Thailand’s car trade
- Main car producers in Thailand
- Evaluation on manufacturing prices and costs of cars in Thailand
- Driving forces and market alternatives for Thailand’s car trade from 2022 to 2022
- Prospect of Thailand’s car trade from 2022 to 2031
Key Matters Coated:
1 Primary Idea of Thailand’s Car trade
1.1 Thailand’s Car trade
1.2 Classification of Vehicles in Thailand
2 Evaluation on Thailand’s Car trade
2.1 Financial Setting
2.2 Coverage Setting
2.3 Social Setting
2.6 Import and Export
3 Market Competitors in Thailand’s Car trade
3.1 Limitations to Entry
3.1.1 Technical Limitations
3.1.2 Capital Limitations
3.2 Competitors Sample
3.2.1 Bargaining Energy of Suppliers
3.2.2 Bargaining Energy of Customers
3.2.3 Inner Competitors
3.2.4 Potential Entrants
3.2.5 Substitutes for Vehicles
4 Main Car Producers in Thailand, 2017-2021
4.1 Toyota Motor Company
4.2 Isuzu Motors Restricted
4.3 Honda Motor Co., Ltd.
4.4 Mitsubishi Motors Company
4.5 Nissan Motor Co., Ltd.
4.6 Ford Motor Firm
4.7 Mazda Motor Company
4.8 Suzuki Motor Company
4.9 Common Motors
5 Evaluation on Manufacturing Prices and Costs of Vehicles in Thailand, 2015-2021
5.1 Manufacturing Prices
6 Forecast on Growth of Thailand’s Car trade, 2022-2031
6.1 Elements Influencing Growth of Thailand’s Car trade
6.1.1 Main Driving Elements and Market Alternatives
6.1.2 Threats and Challenges
6.2 Forecast on Provide of Vehicles in Thailand, 2022-2031
6.3 Forecast on Market Demand for Vehicles in Thailand
6.4 Forecast on Car Import and Export in Thailand
For extra details about this report go to https://www.researchandmarkets.com/r/fvv4j2
Analysis and Markets
Laura Wooden, Senior Supervisor
For E.S.T Workplace Hours Name +1-917-300-0470
For U.S./CAN Toll Free Name +1-800-526-8630
For GMT Workplace Hours Name +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outdoors U.S.): +353-1-481-1716
SOURCE Analysis and Markets