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Home>Assessment of Thailand's Auto Sector 2017 - Research and Markets

Assessment of Thailand's Auto Sector 2017 - Research and Markets

Assessment of Thailand's Auto Sector 2017 - Research and Markets

09/20/2017

Assessment of Thailand's Auto Sector 2017 - Research and Markets

The "Assessment of Thailand's Auto Sector 2017" report has been added to Research and Markets' offering.

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.

Key players including Toyota Motor Corporation, Mitsubishi Motors Corporation, Nissan Motor Company Ltd., Honda Motor Company, Ford Motor Company, Chevrolet have been profiled.

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