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Thailand Auto Finance Market Outlook to 2026F Driven by Road Infrastructure Development and Economic Growth in the Country

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  • 76 Pages
  • December 2022
  • Region: Thailand
  • Ken Research Private Limited
  • ID: 5819800
The report provides a comprehensive analysis of the potential of Auto Finance industry in Thailand. The report covers an overview and genesis of the industry, market size in terms of credit disbursed.

Its market segmentations include by types vehicles financed, by distribution channel, by tenure for new and used vehicles, by purpose type, by types of commercial and passenger vehicles; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

About the Market

According to publisher estimates, the Thailand Auto Finance Market grew from approximately THB 900 Bn in 2016 to approximately THB 1200 Bn in 2021, and is forecasted to grow further to ~ THB 1800 Bn by 2026F owing to the increasing purchasing power of the consumers and adoption of EVs.

The automotive industry in Thailand is the largest in Southeast Asia and the 10th largest in the world.

Banks have been the dominant players as they have huge pre-built database that they leverage for their own advantage.

Many Western brands are present in the country but Japanese brands have long had a dominant position in Thailand due to affordable prices.

Key Trends by Market Segment:

  • By Type of Vehicle Financed: Due to the country's increased adoption of the internet and smartphones, the market for used automobiles has grown in recent years. As a result, many consumers now prefer to purchase and sell cars through online auto classifieds and social media platforms like Facebook Market Place
  • By Commercial and Passenger Vehicle: Passenger vehicle consumption increased as the country’s tourism sector rebounded after the government eased its Covid-related travel protocols. The number of passenger vehicles are increasing in the country due to increasing residence population and economic growth

Competitive Landscape

Future Outlook

The Thailand Finance Market will witness a significant growth during the period 2022-2026F, owing to Government investment and growth in online retail and logistics.

Growth rate of total cars financed is going to increase over the period as there are plans by automakers to stimulate demand with the release of new models.

Table of Contents

1. Executive Summary
1.1 Executive Summary: Thailand Auto Finance Market
2. Country Overview of Thailand
2.1 Thailand Country Profile, 2021
2.2 Thailand Population Analysis, 2021
3. Thailand Automotive Market Overview
3.1 Thailand Automotive Market Overview
3.1 Thailand Motor Vehicles Import and Export Scenario
3.3 Thailand Passenger Cars Market Overview
4. Thailand Automotive Finance Market Overview
4.1 Ecosystem of Thailand Auto Finance Market
4.2 Thailand Auto Finance Value Chain Analysis
4.3 Business Cycle of Thailand Auto Finance Market
4.4 Timeline of Major Banks in Thailand Auto Finance Market
4.5 Market Sizing Analysis of Thailand Auto Finance Market, 2016-2021
5. Thailand Auto Finance Market Segmentation
5.1 By Type of Vehicle Financed (New, Used, and Motorcycles), 2021
5.2 By Distribution Channel (Banks & Subsidiaries, NBFC, and Captives), 2021
5.3 By Tenure Loan (1 Year, 2 Years, 3, 4, 5 or more Years), 2021
5.4 By Purpose Type (Loan and Lease), 2021
5.5 By Type of Motor Vehicle (Passenger and Commercial), 2021
6. Industry Analysis of Thailand Auto Finance Services
6.1 SWOT Analysis of Thailand Auto Finance Industry
6.2 Trends and Developments in Thailand Auto Finance Industry
6.3 Decision Making Parameters for Selecting Car Loan Vendor
6.4 Issues and Challenges in Thailand Auto Finance Industry
6.5 Growth Drivers of Thailand Auto Finance Market
6.6 Government Regulators in Thailand Auto finance Industry
6.7 Government Initiatives for Thailand Automotive Industry
7. Competition Framework for Thailand Auto Finance
7.1 Competition Overview of Thailand Auto Finance Market
7.2 Operational Cross Comparison of Players in Thailand Auto Finance Market
7.3 Financial Cross Comparison of Players in Thailand Auto Finance Market
8. COVID-19 Impact on Thailand Auto Finance Market
8.1 COVID Impact on the Thailand Auto Finance Industry
9. Future Outlook and Projections of the Thailand Auto Finance Market
9.1 Future Thailand Auto Finance Market Overview (Market Size 2021 to 2026F and Future Growth Drivers)
9.2 Future Segmentation by Type of Vehicles Financed (New, Used, and Motorcycles), 2026F
9.3 Future Segmentation by Distribution Channel (Banks, NBFCs, Captives), 2026F
9.4 Future Segmentation By Type of Financing, 2026F
9.5 Future Segmentation By Purpose Type (Loan and Lease), 2026F
9.6 Future Segmentation by Tenure of Loans for Old Vehicles (1 Year, 2 Years, 3 or More Years), 2026F
10. Market Opportunities and Analyst Recommendations
10.1 Best Practices for Building a Successful Chain of Auto finance Practices
10.2 Growth strategies for Thailand Auto finance market
10.3 Operational Strategies for Thailand Auto finance Services Market
11. Industry Speaks
11.1 Interview with Mr. Tirachart Chiracharasporn
12. Research Methodology
12.1 Market Definitions, Assumptions, Abbreviations, and Market Sizing Approach
12.2 Consolidated Research Approach, Sample Size Inclusion, and Limitation and Future Conclusion
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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • TMBThanachart Bank
  • Ayudhya Bank
  • Siam Commercial Bank
  • TISCO Bank
  • Kiatnakin Bank
  • Kasikorn Bank
  • ICBC Bank
  • Citi Bank
  • Bangkok Bank
  • Krungthuri Bank
  • Toyota Leasing Thailand
  • Honda leasing
  • Mercedes-Benz leasing
  • BMW Financial Services
  • Muangthai Capital
  • Asia Sermkij Leasing
  • Nakhon Luang Capital Limited
  • Thitikorn
  • Summit Capital
  • Group Lease
  • Aeon Thana Sinsap
  • G Capital Public Limited
  • Thai Ace Capital
  • SGF Capital
  • JMT Network
  • Phatra Leasing Company
  • Mitsib Leasing