1. Market Research
  2. > Automotive Market Trends

Thailand Automotive Outlook 2014 : Aftereffects of the First Car Buyer Program, Political Turmoil, and Weak Economic Growth will Affect the Market in 2014

  • December 2014
  • 42 pages
  • Frost & Sullivan
Report ID: 2560740

Summary

Table of Contents

This research service presents an overview of the Thailand automotive market during 2013 and market forecasts for 2014. It features a summary of the Thailand automotive market outlook in 2013, including total industry volume, automotive market growth factors, total industry volumes for ASEAN, and total production volumes for ASEAN. The detailed outlook for the Thailand market in 2014 includes factors driving automotive market growth and their impact and optimistic, Frost & Sullivan, and pessimistic scenario analyses. Key conclusions and future outlook have also been provided.

Key Findings

The industry volume in Thailand witnessed a considerable decline in 2013 due to the completion of the First Car Buyer Program, which stimulated demand by over % in 2012. The declining prices in the used car market affected the market negatively.
Other market factors such as economic slowdown and political turmoil also negatively affected the consumer sentiment in Thailand in 2013.
In 2014, the Thailand automotive market is expected to contract by % to reach million units, due to factors such as political turmoil, weak economic growth, and slowing demand.
Despite a decline in sales, the rollover effects of the First Car Buyer Scheme in H1 caused Thailand to retain its position as the largest vehicle market in ASEAN. However, in terms of production, Indonesia witnessed a higher growth than Thailand.

Factors Driving Automotive Market Growth

Growing Economy

•Growth led by domestic demand, especially in infrastructure investment and private consumption.
•Improving global demand likely to stimulate export sector. x % export growth projected in 2014.
•FDI and tourism, which account for close to x % of the GDP, continue to grow despite the political crisis.

Growing Middle Class
•Middle class to grow from x million in 2012 to x million in 2020 (close to x % growth).
•Thailand to become a high middle income economy by 2020.
•Additional demand amounting to $ x billion (up by x % from 2012).

Infrastructure Development
•Infrastructure spending to help move up the economic value chain and take advantage of growth in the Greater Mekong Sub region.
•THB 2.2 trillion ( x % of GDP) infrastructure investment plan, x % to be disbursed by 2016.

Increasing Investment
•FDI of THB 900 billion projected in 2014. Manufacturing, services, and utility to be major sectors for investment.
•Large market of about x million people, a growing middle class, pro-business environment, good infrastructure, and geographical advantages—including access to emerging markets such as Myanmar—help attract investment.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

Hindered Amine Light Stabilizers Market by Type, Application, and Region - Global Forecast to 2022

  • $ 9965
  • Industry report
  • July 2017
  • by MarketsandMarkets

Increasing demand for greenhouse films expected to drive the HALS market in the midterm The global Hindered Amine Light Stabilizers (HALS) market is projected to reach USD 1.15 billion by 2022, at a CAGR ...

Automotive Sunroofs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • May 2017
  • by Transparency Market Research

Global Automotive Sunroofs Market: Overview The automotive sunroofs market is anticipated to grow at a significant pace over the forecast period of 2017-2025. An automotive sunroof can be defined as a ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.