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Thailand Automotive Outlook, 2020

Thailand Automotive Outlook, 2020

Thailand’s Automotive Market to be Weak Due to Global Uncertainties; Outbreak of Covid-19 to Especially Have a Major Impact on the Global Economy, as well as the Thai Economy

RELEASE DATE
27-Apr-2020
REGION
Asia Pacific
Deliverable Type
Market Outlook
Research Code: PAFF-01-00-00-00
SKU: AU01983-AP-MO_24296
$4,950.00
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AU01983-AP-MO_24296
$4,950.00
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Description

From 2018 to 2019, the automotive market in Association of South East Asian Nations (ASEAN) shrunk by 2.9% year-on-year (YoY), and total sales reached 3.5 million units. The main reasons include the direct impact of the global economic slowdown on automotive sales and decline in sales in Indonesia (by political election), which is the leader of the ASEAN, with 29.8% share.

In Thailand, passenger vehicle (PV) market sales declined by 2.7% from 481,646 units in 2018 to 468,547 units in 2019. Affordable, energy-saving vehicles (engine displacement less than 1,300 cc) were highly popular with 27.3% share in 2019.

Commercial vehicle (CV) sales decreased by 3.8% from 560,094 units in 2018 to 539,003 units in 2019. One-ton pickups dominated Thailand’s CV market with 91.3% share. In the top-5 OEM list, 4 Japanese OEMs, Toyota, Isuzu, Mitsubishi, and Nissan, held 75.8% market share.

The premium vehicle segment is leading the Thailand’s electric vehicle (EV) market. The total sales of EV reached 10,194 units in 2019. Plug-in hybrid electric vehicles (PHEVs) held 92.8% of the market share. Limited EV infrastructure and incentives result in low adoption of battery electric vehicles (BEVs). Top-3 OEMs, such as BMW, Mercedes-Benz, and Volvo, accounted for 87% of the EV market.

Shared mobility services are offered in major tourist cities such as Bangkok, Chiang Mai, Pattaya, and Phuket. The total fleet size of car sharing was 15,470 units in 2019. Peer-to-peer (P2P) car sharing providers held more than 90% share. Thailand had 92,500 units of vehicle in the eHailing industry in 2019. Public taxis accounted for 54.6% of the eHailing fleet size. The Thai Government had planned to roll out regulations governing the eHailing industry in March 2020 but there have been no updates on this as of mid-April 2020.

The 3 main bicycle sharing providers in Thailand accounted for 18,500 bicycles in 2018. However, all of them ceased operations in 2019 due to the tropical weather, high operating cost, theft, vandalism, and poor local management. GoBike, Grab, and Get (Go-Jek) offer Motorcycle eHailing, with fleet size of 44,500 units in 2019. Disputes and conflicts happen frequently between eHailing riders and traditional motorcycle taxis. Neuron Mobility and Scoota provided 850 units of eScooter in 2019, concentrating in Bangkok, Chiang Mai, and Pattaya.

Key Issues Addressed

  • What are the current scenarios and future trends in the automotive and shared mobility industries in Thailand?
  • What are the government regulations in the automotive and shared mobility industries in Thailand?
  • What is the current status of EVs and EV-related industries in Thailand?
  • Which are the key market participants in the automotive and shared mobility industries in Thailand?
  • Which are the main market participants in the connected vehicle industry in Thailand?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Automotive Market Outlook in Thailand

Key Automotive Market Highlights in 2019

Top Predictions

Growth Outlook 2020

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Methodology

Segmentation Definitions

Covid-19 Global Economic Impact— Visioning Scenarios

Global, Advanced, and Emerging Market Growth

Global Economic Outlook 2020—Top 5 Predictions

Global Economic Outlook 2020—Top 5 Predictions (continued)

ASEAN Automotive Market Snapshot

Thailand’s Automotive Market Snapshot

Thailand’s Automotive Market Breakdown by Vehicle Segments

Top Leading OEMs and Vehicle Models in Thailand

Emission Standard and Fuel Specification

Key Predictions in 2020—Thailand’s Automotive Market

Key Government Regulations and Policies

Electric Vehicle Market Snapshot

Electric Vehicle Product Launch Roadmap

Electric Vehicle Charging Infrastructure Snapshot

Leading Charging Operators

Charging Infrastructure Development Plan in Thailand

Key Predictions in 2020—Thailand’s EV Market

Key Government Regulations

eHailing Market Snapshot

Leading eHailing Operators

Motorcycle eHailing Market Snapshot

Leading Motorcycle eHailing Operators

Car Sharing Market Snapshot

Leading Car Sharing Operators

eScooter Sharing Market Snapshot

Leading eScooter Sharing Operators

Bicycle Sharing Market Snapshot

Leading Bicycle Sharing Operators

Key Predictions in 2020—Thailand’s Shared Mobility Market

OEMs’ Connected Car Solutions in Thailand—A Snapshot

OEMs’ Connected Truck Solutions in Thailand—A Snapshot

Connected EV Car Case Study—MG ZS EV

Key Predictions in 2020—Thailand’s Connected Mobility Market

Growth Opportunity—Automotive Market in Thailand

Strategic Imperatives for Success and Growth

Key Trends and Recommendations

The Last Word—3 Big Predictions

Legal Disclaimer

Acronyms Used

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

From 2018 to 2019, the automotive market in Association of South East Asian Nations (ASEAN) shrunk by 2.9% year-on-year (YoY), and total sales reached 3.5 million units. The main reasons include the direct impact of the global economic slowdown on automotive sales and decline in sales in Indonesia (by political election), which is the leader of the ASEAN, with 29.8% share. In Thailand, passenger vehicle (PV) market sales declined by 2.7% from 481,646 units in 2018 to 468,547 units in 2019. Affordable, energy-saving vehicles (engine displacement less than 1,300 cc) were highly popular with 27.3% share in 2019. Commercial vehicle (CV) sales decreased by 3.8% from 560,094 units in 2018 to 539,003 units in 2019. One-ton pickups dominated Thailands CV market with 91.3% share. In the top-5 OEM list, 4 Japanese OEMs, Toyota, Isuzu, Mitsubishi, and Nissan, held 75.8% market share. The premium vehicle segment is leading the Thailands electric vehicle (EV) market. The total sales of EV reached 10,194 units in 2019. Plug-in hybrid electric vehicles (PHEVs) held 92.8% of the market share. Limited EV infrastructure and incentives result in low adoption of battery electric vehicles (BEVs). Top-3 OEMs, such as BMW, Mercedes-Benz, and Volvo, accounted for 87% of the EV market. Shared mobility services are offered in major tourist cities such as Bangkok, Chiang Mai, Pattaya, and Phuket. The total fleet size of car sharing was 15,470 units in 2019. Peer-to-peer (P2P) car sharing providers held more than 90% share. Thailand had 92,500 units of vehicle in the eHailing industry in 2019. Public taxis accounted for 54.6% of the eHailing fleet size. The Thai Government had planned to roll out regulations governing the eHailing industry in March 2020 but there have been no updates on this as of mid-April 2020. The 3 main bicycle sharing providers in Thailand accounted for 18,500 bicycles in 2018. However, all of them ceased operations in 2019 due to the tropical weather, high operating cost, theft, vandalism, and poor local management. GoBike, Grab, and Get (Go-Jek) offer Motorcycle eHailing, with fleet size of 44,500 units in 2019. Disputes and conflicts happen frequently between eHailing riders and traditional motorcycle taxis. Neuron Mobility and Scoota provided 850 units of eScooter in 2019, concentrating in Bangkok, Chiang Mai, and Pattaya.--BEGIN PROMO--

Key Issues Addressed

  • What are the current scenarios and future trends in the automotive and shared mobility industries in Thailand?
  • What are the government regulations in the automotive and shared mobility industries in Thailand?
  • What is the current status of EVs and EV-related industries in Thailand?
  • Which are the key market participants in the automotive and shared mobility industries in Thailand?
  • Which are the main market participants in the connected vehicle industry in Thailand?
More Information
Deliverable Types Market Outlook
No Index No
Podcast No
Author Wenjian Ma
Industries Automotive
WIP Number PAFF-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9882-A6,9AF6-A6