Electric vehicles will experience substantial growth and infrastructure development will expand accordingly


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Dublin, Sep 16, 2021 (GLOBE NEWSWIRE) – The report “Thailand Automotive Outlook, 2021” has been added to ResearchAndMarkets.com offer.

Thailand’s TIV fell 21.4% in 2020 from 2019. Sales are expected to increase 8.7% (year-on-year growth rate) in 2021 to reach 861,000 units.

The commercial vehicle (CV) segment continues to dominate with a share of 56.6%, and it is expected to reach 57.3% in 2021, thanks to the government’s stimulus measures in response to the pandemic. Diesel powertrain sales increased from 54.0% in 2019 to 56.8% in 2020, driven by strong demand for the new Isuzu D-Max and updated Toyota Hilux.

Vehicles with a displacement of less than 1300 cc are the most popular segment in the Thai passenger vehicle (PV) market (28.5% market share in 2020). Demand is driven by green car models offered with reduced engine specifications. Considering the import tax and excise tax privileges on vehicles for BEVs, especially for Chinese imports, a surge in sales was observed in 2020.

However, sales volumes remain lower than in other sub-segments, mainly due to lack of variety and bottlenecks in charging infrastructure. Although the total sales volume of the CV segment fell due to weak economic activity, especially in the tourism and manufacturing industries, vans continued to dominate this space.

In 2020, the EV market for electric vehicles was 13,570 units, an increase of 38.9% over the total number of units sold in 2019. The market is expected to experience an increase of 106.3% year-on-year and reach around 28,000 units in 2021.

Overall, the BEV segment saw the strongest growth (increase of 83.7% in 2020) due to the increased availability of SAIC MG’s BEV imports for the mass market and the good reception received by the BEVs. premium, in particular the Porsche Taycan and the Tesla Model 3. The entry of Great Wall Motors, Volvo and BMW will increase segment sales in 2021.

Luxury PVs dominated the PHEV market, while mainstream brands such as SAIC MG and Mitsubishi only started launching PHEVs at the end of 2020.
The EV market is still geared towards PHEV models, mainly due to range anxiety caused by the limited network of charging facilities outside of Bangkok and the high prices compared to model equivalents. conventional engines.

The global pandemic and domestic political turmoil resulted in lower economic growth in 2020, which affected new vehicle sales. These disruptions are expected to have a medium to long term effect on the automotive industry, and the recovery is expected to be moderate.

Photovoltaic sales are expected to improve and grow in 2021 due to proactive marketing programs, product launches and the entry of new market participants. The recovery of the CV segment will be driven by LCVs, primarily for the e-commerce industry.

Main topics covered:

1. Growth environment

  • Thai Auto Market – Highlights, 2020

  • Thailand Auto Market – Challenges Related to the COVID-19 Pandemic

  • Thailand Automotive Market Forecast vs. Actual Data, 2020

  • Thailand Auto Market – Best Forecast for 2021

2. Strategic imperatives

  • Why is it more and more difficult to grow taller?

  • The strategic imperative

  • The impact of the three main strategic imperatives on the automotive market

  • Growth opportunities fuel the growth pipeline engine

3. Scope and segmentation

4. Macroeconomic Factors Affecting Thailand Automotive Market

  • Highlights of the global economy 2020

  • The 2020 Global Economy – Forecast vs. Actual Data

  • GDP growth 2008-2020

  • Best global economic forecast for 2021

  • 2021 Scenario Analysis – Quarterly Global Growth

  • Assumptions of the 2021 scenario analysis

  • Overview of global GDP growth 2021

  • Advanced Economies – Predictions for 2021

  • Emerging Economies – Forecast for 2021

  • Growth opportunities 2021 – Top 3 opportunities by region

  • Regional trends 2021 – GDP growth, economic risks and political direction

  • Thailand – Economic Outlook

  • Thailand – Industry Performance

5. Thailand PV and CV sales trends and outlook, 2021

  • Thailand Auto Market – A Snapshot

  • Breakdown of the automotive market by vehicle segment

  • Main OEMs and vehicle models

6. Thailand Electric Vehicle Market and Outlook, 2021

  • Main government regulations

  • Electric Vehicle Market – A Snapshot

  • EV Product Launch Roadmap, 2019-2021

  • Charging infrastructure – A snapshot

  • Major charging operators, 2020

7. Thailand shared mobility market and outlook, 2021

  • Main government regulations

  • Shared mobility – Definition

  • Carsharing Market – A Snapshot

  • Main car-sharing operators, 2020

  • Supply Market – A Snapshot

  • Main carpooling operators, 2020

8. Thailand Connected Mobility Market and Outlook, 2021

  • Main connected photovoltaic operators, 2020

  • Case study – Connected mobility solutions in electric vehicles

  • Leading Connected Commercial Vehicle Operators and Their Solutions – An Overview

9. Key predictions for 2021

  • Prediction 1 – The photovoltaic market should gradually recover in 2021

  • Prediction 2 – Electric vehicles will experience substantial growth and infrastructure development will expand accordingly

  • Prediction 3 – eHailing service operators will diversify into on-demand delivery service

10. Universe of growth opportunities, Thailand automotive market

  • Growth Opportunity 1 – New Product Development for Electric Vehicle Sales, 2021

  • Growth opportunity 2 – Competitive strategy for the development of connected vehicles, 2021

  • Growth Opportunity 3 – Strategic Partnership for Shared Mobility Service Solutions, 2021

11. Main conclusions

For more information on this report, visit https://www.researchandmarkets.com/r/o5huu8

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