Thailand is the automotive hub of ASEAN and has the largest automotive production capacity among the Southeast Asian countries. As of 2016, the country stands as the 13th largest automotive manufacturer globally.
A crucial sector for Thailand’s economy, the automotive industry contributes approximately 12% of the country’s gross domestic product. The automotive production capacity in the country was 2.75 million vehicles in 2012 and is expected to have reached approximately 3 million units by 2015. Thailand is the largest export hub in the region and exports more that half of the vehicles produced.
The auto sector saw a decline in production and exports in 2016 while domestic sales of car grew year-on-year. The year was difficult for the auto sector, despite the government’s efforts to help boost economic growth. The year 2017, has a positive outlook, domestic auto sector sale is expected to grow by 6.7% year-on-year.
The new vehicle sales have grown strongly in the first half of 2017. During the first six months of 2017, new vehicle sales in Thailand grew by 11.2% year-on-year to reach 409,977 units. While passenger vehicle sales grew by 25% year-on-year, commercial vehicles witnessed an increase in sales to the tune of 3.8% year-on-year.
Why should the report be purchased?
The report ‘Assessment of Thailand's Auto Sector 2017’ highlights the key dynamics of Thailand's auto sector. The potential of the sector has been investigated along with key challenges. The current market scenario and future prospects of the sector has also been studied. Key players including Toyota Motor Corporation, Mitsubishi Motors Corporation, Nissan Motor Company Ltd., Honda Motor Company, Ford Motor Company, Chevrolet have been profiled. The report contains latest industry leader’s opinions.
Research methodology and delivery time
The analysts have conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license and the delivery time for the electronic version of the report is 2 business days. The dispatch time for hard copies is 3 business days, as each hard copy is custom printed for the client.
1. Analyst Opinion
2. Thailand Auto Sector
2.2 Market Performance Statistics
2.2.3 New Car Sales
2.3 Market Drivers
2.4 Market Challenges
2.6 Industry Speak
3. Thailand Eco Car Sector
4. Competitive Landscape
4.1 Toyota Motor Corporation
4.2 Mitsubishi Motors Corporation
4.3 Nissan Motor Company Ltd.
4.4 Honda Motor Company
4.5 Ford Motor Company
5. List of Charts and Graphs
5.1 Thailand Vehicle Production (2010-2019E, million units)
5.2 Thailand Auto Production Capacity (2004-2015, units)
5.3 Thailand Passenger Cars Production (Jan 2017-June 2017, units)
5.4 Thailand Commercial Cars Production (Jan 2017-June 2017, units)
5.5 Thailand New Vehicle Sales by Major Makers (2016, %)
5.6 Thailand Player Wise Annual Vehicle Production Capacity (2015, Units Per Annum)
5.7 Thailand Market Share by OEM (H12017, %)
5.8 Thailand Domestic Eco Cars Sales (March 2015, %)
6. Research Methodology
7. About the Publisher