Major Manufacturers 2017-2021, Production Costs and Prices 2015-2021, Competition, Forecasts 2022-2031

DUBLIN, Sept. 22, 2022 /PRNewswire/ — The “Analysis Report on Thailand’s Car Business, 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 vehicle {industry} originated within the early Seventies. With its superior geographic location and authorities assist, Thailand has turn into the biggest vehicle producer in Southeast Asia, and known as the Detroit of Asia. Car manufacturing has lengthy been the pillar {industry} of the Thai economic system. In 2021, the output worth of vehicle 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 vehicle consumption, which led to speedy progress in vehicle 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 get well 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, as a result of affect 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 {industry} 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 anticipated to be lowered as Thailand indicators extra free commerce agreements lately.

Over time, the Thai authorities has launched a collection of insurance policies to draw overseas funding. The car producers in Thailand are primarily Japanese and US firms. The huge opponents and fierce competitors make the market completely aggressive. In contrast with different Southeast Asian international locations, Thailand has a developed auto elements {industry} and a lot of auto elements suppliers. Nevertheless, it nonetheless must import key auto elements.

Story continues

There are numerous vehicle manufacturers in Thailand, together with Toyota, Mitsubishi, Isuzu, Ford, BMW, Chevrolet, and so on. which have produced a robust scale impact after years of growth and manufacturing growth. With the popularization of recent power autos, the Thai authorities additionally drew up a roadmap to offer tax breaks and different preferential insurance policies to new power car enterprises.

Thailand’s automotive {industry} has an excellent prospect. Thailand’s Jap Financial Hall initiative proposes to develop 10 goal industries together with the automotive {industry} 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 {industry}.

The discount of import tariffs will even present a value benefit for cars. New power autos 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 power autos.

It’s anticipated that within the subsequent few years, the rise in residents’ revenue will promote vehicle consumption in Thailand. And the exemption of import tariffs on cars in ASEAN international locations will increase Thailand’s vehicle exports.

Matters Coated:

• Improvement atmosphere of Thailand’s vehicle {industry}

• Evaluation on provide of and demand for cars in Thailand

• Competitors in Thailand’s vehicle {industry}

• Main vehicle producers in Thailand

• Evaluation on manufacturing prices and costs of cars in Thailand

• Driving forces and market alternatives for Thailand’s vehicle {industry} from 2022 to 2022

• Prospect of Thailand’s vehicle {industry} from 2022 to 2031

Key Matters Coated:

1 Fundamental Idea of Thailand’s Car {industry}
1.1 Thailand’s Car {industry}
1.2 Classification of Vehicles in Thailand

2 Evaluation on Thailand’s Car {industry}
2.1 Financial Surroundings
2.2 Coverage Surroundings
2.3 Social Surroundings
2.4 Provide
2.5 Demand
2.6 Import and Export

3 Market Competitors in Thailand’s Car {industry}
3.1 Boundaries to Entry
3.1.1 Technical Boundaries
3.1.2 Capital Boundaries
3.2 Competitors Sample
3.2.1 Bargaining Energy of Suppliers
3.2.2 Bargaining Energy of Customers
3.2.3 Inside 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 Normal Motors
4.10 Mercedes-Benz

5 Evaluation on Manufacturing Prices and Costs of Vehicles in Thailand, 2015-2021
5.1 Manufacturing Prices
5.2 Costs

6 Forecast on Improvement of Thailand’s Car {industry}, 2022-2031
6.1 Components Influencing Improvement of Thailand’s Car {industry}
6.1.1 Main Driving Components 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

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