Thailand Vehicles Market 2012-2015 Insights provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From the 2004 up to the 2015 All About within 80 pages and 120 charts.
Historical Market data are reported since 2004 with detail by segments, groups, brands and models from 2012 to full year 2015. The market is segmented for cars and LCVs. with a dedicated section to the premium brands segment.
With a well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies Thailand historically has had a strong economy, but it experienced slow growth in 2013-15 as a result of domestic political turmoil and sluggish global demand, which curbed Thailand’s traditionally strong exports – mostly electronics, agricultural commodities, automobiles and parts, and processed foods.
Following the May 2014 coup d’etat, tourism decreased 6-7% but is beginning to recover. Thailand faces labor shortages, and has attracted an estimated 2-4 million migrant workers from neighboring countries.
The Thai government in 2013 implemented a nation-wide 300 baht ($10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners. The household debt to GDP ratio is over 80%. The Thai baht depreciated more than 8% during 2015.
Thailand’s economy grew steadily throughout the first three quarters of 2015 mainly supported by robust government spending and healthy growth in private consumption, which more than offset faltering external demand.
More recent indicators point to a slight deceleration of the economy in the final quarter of 2015.
This research starts from the review of the last ten years heritage in which section we have checked the rule of the automotive industry in the country reporting data on segments, brands and models.
Recent sales data had been reviewed starting from 2004 with a focused analysis on the 2012-2015 data, reported for cars and LCVs.
All data are presented in charts and table with an immediate and easy-to-read style that allow you to catch the essential about this market.
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