Venue Bangkok International Trade & Exhibition Centre (BITEC), Bang Na, Bangkok The industry contributed 12% of the GDP1 with more than 1.94 million vehicles produced and worth USD 27 billion in 2016. In 2018, the share of locally produced parts in the Vietnamese automotive industry was just 10%, compared to up to 80% in Thailand and Indonesia. The global automotive pump market is estimated to grow from USD 14.8 billion in 2022 to USD 18.0 billion by 2027, at a CAGR of 4.1%. Thailand MICE Industry & Forecast to 2022 - Countries Wise Analysis 1. Companies such as Toyota, Isuzu, Honda, Mitsubishi, Nissan, and Thai AutoBook. Updated on: 27 Dec 2021, 12:09 PM. Automotive Telematics Market - Global Industry Analysis and Opportunity Assessment, 2019-2029 $ 5000 November 2019 In-Car Entertainment in Thailand $ 990 August 2021 ASEAN car GPS navigation systems market by Component Type, Vehicle Type, and End User: Opportunity Analysis and Industry Forecast, 20182025 $ 3840 April 2019 Our platform architecture and technology roadmaps allow us to keep pace with customer demands On December 21, 2021, Surapong Paisitphatanapong Vice President and Spokesperson for Automotive Industry Group The Federation of Thai Industries (FTI) revealed that the production of automobiles in 2022 will be approximately 1,700,000 - 1,800,000 units, divided into domestic sales of 800,000 - 850,000 units and exports 900,000 - 950,000 units. Distribution channels: Business & Economy, Media, Advertising & Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 11th largest vehicle producer in the world. Vehicle sales in January-May 2022 up 16.6% to 359,351 units. 1 min read. The Korean home health appliances company have over 30 years of experience manufacturing air purifiers, water purifiers, bidets, mattresses and more. Car Production in Thailand increased to 172671 in March from 155660 in February of 2022. Korea 7.4 Thailands Auto Industry: Regional Leader, Global MICE Business Opportunity Here, we take a look at some notable trends that were highlighted in our report, 2022 State of Automotive Software Development. Gary Keith Minor, age 77, passed away peacefully at the Chapel View Health Care Center in Hopkins, MN on July 10th, 2022. Automotive Display Market size exceeded USD 13 billion in 2021 and is projected to grow at a CAGR of over 9% between 2022 and 2028. It defines key highlights of the ASEAN automotive industry in 2021 and future market trends in 2022. June 27th 2022 | Thailand | Passenger vehicles. However, in 2021 and 2022, as Covid-19 is brought under control and economies recover, it is expected to grow by 3.0-4.0% per year to 1.32-1.33 million and 1.36-1.38 million vehicles, respectively. The economy of Thailand has been accelerating rapidly and the automotive industry has been contributing the most with its strong resources. The information posted includes business domain, products, location, industrial park, and contact information. (HT Auto/Sabyasachi Dasgupta) This study aims to research, analyze, and forecast the commercial vehicles market in Thailand from 2017 to 2022. With several factors supporting automotive industry growth, ASEAN has emerged as one of the largest car markets globally. Title: PowerPoint Presentation The automotive industry in the Philippines is the 9th largest in the Asia-Pacific region, with approximately 273.4 thousand vehicles sold in 2019. The publisher highlights the total size of the respective automotive market and provides historical and forecast data from 2018 to 2022. Germany. Currently, Thailand's manufacturing industry is led by exporting industrial goods, such as auto parts, electronics, electric appliances, and plastics. Recent Posts. Nissan reports the sharpest drop on the leaderboard, falling 33.3%. Monthly update: the automotive sector in July 2022 We look at automakers plans for electric SUVs, a power crisis in Germany and expected changes in production plans. In 2020, the Thai auto parts industry is likely to contract in line with the automotive manufacturing industry. SYDNEY, July 7, 2022 /PRNewswire/ -- Coway Co., Ltd., "The Best Life Solution Company," are making their long-awaited debut in Australia. ASEAN's Most Comprehensive Exhibition on Automotive Parts Manufacturing Technology. For example, the UK automotive factories gain reduced by 29% for just a year. infothai@marklines.com. 2022/07/13. Flash report, May 2022. It was founded by Chief Innocent Chukwuma Nwala, and runs a plant in Nnewi in the state of Anambra. China 10. Whilst the industry has suffered significantly in recent years, the underlying trend suggests that the industry is close to being back on a growth path. 27 June 2022 Mark Fulthorpe. All models will have a choice of hybrid engines that come in the name 'e:HEV' in the sales line of all new models that are launched, such as the Honda Accord, City and City Hatchback. In term of sustainability Vietnam 9. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. Japan 12. Vienna Motor Symposium 2022 (2) Transformation towards carbon neutral mobility Presentations from AVL, Neste, and BorgWarner Summary. Automotive Manufacturing 2022 is ASEANs most comprehensive international event for automotive parts manufacturing industry. Thailand Automotive Reports: Our 2022 Thailand report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Automotive market. The Thailand Industry Outlook over the next 3 years (2022-2024) covers a range of factors that will have impacts on industries. Industry Outlook for Thailand/ASEAN in 2021 and 2022. The AD was established in recognition of the crosscutting nature of the automotive industry and of the broad benefits to many economies of trade liberalization and facilitation in this sector. Thailand to ease entry restrictions from July 1st. According to Machina, connected services to and from vehicles will reach a value of $400 billion by 2022. 3) Aftermarket parts competition spurs worldwide interest. By 2020, Thailand aims to manufacture over 3500000 units of vehicles to become one of the top performers in the global automotive market. Arnupab provided the automotive updates on the Thai Auto Industry Data from January through Feb ruary. Hong Kong 11. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in the world. This study indicates that ASEAN car parc is expected to see a positive growth during From Daily updates of global automotive news for your business! Find the latest statistics and facts about automotive industry in Thailand . Automotive Windshield Washer System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component and End User. December 17, 2019 December 17, 2019. Cambodia 2. January 6th, 2022 - By: Ann Steffora Mutschler. As per Krungsris report, as of July, production is expected to shrink by 36- 37% in 2020 to 1.27-1.29 million units. In 2017, the output value of automobile manufacturing accounted for more than 10% of Thailands GDP. The Brazilian automotive industry is coordinated by the Associao Nacional dos Fabricantes de Veculos Automotores (Anfavea), created in 1956, which includes automakers (cars, light vehicles, trucks, buses and agriculture machines) with factories in Brazil.Anfavea is part of the Organisation Internationale des Constructeurs d'Automobiles (OICA), based in Paris. Under the concept of Power Up is a gathering of manufacturers from a variety of industries such as automotive, electronics, mold & die, plastics, automation systems and solutions for the manufacturing industry, robots and automation for hospitality and services, and surface treatment and coatings. The Thai industry has an annual output of more than two million vehicles (passenger cars and pickup trucks), more than countries such as Belgium, Canada, the United Kingdom, Italy, Czech Republic and Turkey.. Search easily by country or keyword. The most important export markets are Thailand, Saudi Arabia, the Philippines, Japan, and Malaysia. Tel: +66-2324-0710 to +66-2324-0719 Fax: +66-2323-9598 KLUAYNAMTHAI OFFICE. Daily updates of global automotive news for your business! Venue: BITEC, Bangkok, Thailand. Official logo (43 rd International Vienna Motor Symposium, organized by the Austrian Society of Automotive Engineers (VK Klongtoey, Bangkok, Thailand +66-2-665-2840. Indonesia, Malaysia, and Thailand Car Parc Database is an excel based study which presents trends in the total car parc in the 3 countries for 2010-2022. Pakistan is the 35th largest producer of automotives. Thailand Automotive Sector Report 2021-2022. 2022 Global Automotive Consumer Study Key findings: Global focus countries 4 2022 Deloitte Global Automotive Consumer Study From September through October 2021, Deloitte surveyed more than 26,000 consumers in 25 countries to explore opinions regarding a variety of critical issues impacting the automotive sector, including the development Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in the world. This next chapter requires new questions, solutions, and insights to first survive, then win." The economy of Malaysia is the third largest in Southeast Asia, in terms of GDP per Capita and the 34th largest in the world according to the International Monetary Fund. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in the world. Industry Trends. The Government of Thailand has stated that by 2025, 30% of all cars produced in Thailand should be EVs and this will be effective from Jan 1 2022. : : Thailand Customer Industry Leader. From 2016 to 2020, the global connected car market with grow at an annual rate of 32.26% according to Technavio. Thai Automotive industry is one of the largest in Southeast Asia and it is the second largest user of pickup trucks. 21 Jan 2021. The FTI announced that new vehicle production in January was 148,118 units, 5.2% decline year over year for the first time in three months because of the weak new vehicle demand in Thailand. Vehicle exports in January were up 13.5% to 74,132 units for the first time in 19 months. Exports saw increase in Asia, Middle East and Oceania. With a cluster of car-makers and parts suppliers, the Turkish Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 11th largest vehicle producer in the world. COVID-19 Challenges Automotive Industry is Facing in 2021. THAILAND AUTOMOTIVE INDUSTRY Thailand automotive industry has been significantly developed for over 50 years. Eco System : Public Charging Station. This page provides - Thailand Car Production- actual values, historical data, forecast, chart, statistics, economic Thailands auto industry on a path downwards The new government will take power with an emerging range of problems besetting the economy. Automotive Aftermarket industry size exceeded USD 560 billion in 2021 and will exhibit a growth rate of over 6.4% CAGR from 2022 to 2028.Factors including crash repair and wear & tear are supporting the aftermarket component demand. Looking back to Brand Finance Automobiles 100 ranking, the brands featured registered a respectable 4.3% increase overall with the total brand value growing from US$5.9 billion in 2021 to US$6.1 billion in 2022. 1) If you are thinking about aftermarket products, here is a look at 10 points to ponder before considering the auto aftermarket. The Thai automobile and auto parts industry accounts for nearly 12 percent of Thailands economic growth and employs more than 500,000 people. February 10th 2022 | Multiple countries | Passenger vehicles. The year 2022 would witness a greater penetration of electrification, self-driving technology, vehicle subscription model, more advanced new-age features in the new-generation cars. JEC FORUM BANGKOKA 3-day forum & Business Meetings for Thailand, dedicated to all forms of Composites and their applications: unknown: 07/13/2022 3 days (AUTOMOTIVE AFTERMARKET INDUSTRY & TUNING TRADE FAIR) - AAITFChina International Automotive Aftermarket Industry & Tuning (Shenzhen) Trade Event. Thank you for your attention. The country has an established presence of virtually all of the worlds leading automakers, assemblers and component manufacturers. CHALLENGES AHEAD.