The Latest Thailand Automotive Industry Statistics Explained
Thailand is the largest vehicle producer in South East Asia, contributing to 54% of the total regional production.
The statistic highlights Thailand’s dominant role as the top vehicle producer in Southeast Asia, accounting for a significant 54% of the total regional production. This denotes Thailand’s strong presence and capabilities in the automotive industry when compared to neighboring countries within the region. Thailand’s success in the sector can be attributed to various factors, such as favorable government policies, a skilled workforce, established infrastructure, and a robust network of automotive manufacturers and suppliers. This statistic underscores Thailand’s position as a key player in the automotive market in Southeast Asia, showcasing its importance in driving the region’s vehicle production output.
Thailand is currently the world’s 11th largest vehicle producer.
The statistic that Thailand is currently the world’s 11th largest vehicle producer indicates that Thailand ranks 11th globally in terms of the total number of vehicles manufactured within its borders. This reflects the country’s significant contribution to the global automotive industry and its capacity for vehicle production. This statistic suggests that Thailand has a well-established automotive sector and plays a substantial role in meeting the global demand for vehicles. It also highlights the country’s competitiveness and attractiveness as a location for automotive manufacturing, showcasing its potential for further growth and development in this industry.
In 2020, Vehicle production in Thailand decreased to approximately 1.4 million units.
The statistic indicates that in the year 2020, the total number of vehicles produced in Thailand decreased to around 1.4 million units compared to the previous year. This decline in vehicle production could be attributed to various factors such as the impact of the COVID-19 pandemic, changes in consumer demand, supply chain disruptions, or economic conditions. A decrease in vehicle production may have implications for the automotive industry in Thailand, affecting manufacturers, suppliers, and related sectors. It could also reflect broader economic trends and challenges faced by the country’s automotive sector during that particular year.
The number of employed persons in Thailand’s automotive industry was approximately 824,000 in 2019.
The statistic “The number of employed persons in Thailand’s automotive industry was approximately 824,000 in 2019” signifies the total count of individuals who were actively working within the automotive sector in Thailand during the year 2019. This statistic specifically highlights the workforce engaged in manufacturing, sales, distribution, and related activities within the automotive industry. The figure of 824,000 employed persons serves as a crucial indicator of the industry’s significance in providing job opportunities and contributing to the country’s economy. It also sheds light on the scale of employment within a key sector like automotive, reflecting its role in driving economic growth, generating income, and supporting livelihoods in Thailand.
In 2019, the automotive production was 2.15 million vehicles.
The statistic “In 2019, the automotive production was 2.15 million vehicles” represents the total number of vehicles manufactured by the automotive industry in that year. This figure provides insight into the scale and performance of the automotive sector, highlighting the level of production output over the specified period. It serves as a key indicator of the industry’s economic activity, reflecting consumer demand, manufacturing capabilities, and overall market trends. By tracking these production numbers over time, analysts and stakeholders can assess the growth, health, and competitiveness of the automotive industry, informing decisions related to investments, policy-making, and strategic planning.
Thailand has 18 automobile assembly plants for passenger cars.
The statistic that Thailand has 18 automobile assembly plants for passenger cars indicates a robust automotive manufacturing industry within the country. This number of assembly plants suggests a significant level of production capacity and potential economic impact, as automobile manufacturing is a crucial sector both in terms of employment and GDP contribution. Furthermore, having multiple assembly plants can lead to increased competitiveness and innovation within the industry, potentially driving further economic growth and technological advancement in Thailand’s automotive sector.
Automobile exports from Thailand accounted for 58% of its total production in 2019.
The statistic indicates that in 2019, 58% of all automobiles produced in Thailand were exported to other countries. This suggests that a majority of Thailand’s automobile production was targeted for international markets rather than for domestic consumption. The high percentage of exports highlights the significance of the automotive industry to Thailand’s economy and its role as a major player in the global automotive market. It also indicates the country’s competitiveness in producing vehicles that meet the standards and demands of international consumers, showcasing Thailand as a key player in the global automotive supply chain.
Thailand’s auto parts industry hit 2.4 trillion baht ($78.13 billion) in 2017.
The statistic indicates that Thailand’s auto parts industry generated revenues amounting to 2.4 trillion baht ($78.13 billion) in the year 2017. This figure represents the total value of all auto parts produced and sold by manufacturers within Thailand during that period. The substantial size of this industry is indicative of its significant contribution to the country’s economy, serving as a key sector for employment, technological advancements, and trade relations. Furthermore, the statistic underscores Thailand’s position as a major player in the global automotive supply chain, highlighting the country’s competitiveness and capabilities in producing auto parts for both domestic and international markets.
Almost 1.94 million cars were manufactured in Thailand in 2017.
The statistic ‘Almost 1.94 million cars were manufactured in Thailand in 2017’ indicates the total number of cars produced within Thailand during the year 2017. This figure serves as a key indicator of the country’s automotive manufacturing industry activity and provides insights into its economic growth and performance within the global market. The production of nearly 1.94 million cars highlights Thailand’s significant role in the automotive sector, showcasing its capacity for large-scale manufacturing and export capabilities. This statistic can also be used to assess the country’s industrial output, employment opportunities, and overall contribution to gross domestic product (GDP) through the automotive industry.
Thai automotive industry is targeting 3 million auto production by 2025.
The statistic regarding the Thai automotive industry targeting 3 million auto production by 2025 indicates the ambitious goal set by the industry for the upcoming years. This target highlights the strategic focus on expanding production capacity and increasing output to meet growing domestic and international market demand. Achieving this milestone would signify significant growth and development within the Thai automotive sector, potentially boosting the country’s economy through increased employment opportunities, technological advancements, and overall contribution to the automotive industry on a global scale. However, reaching this target would require effective planning, investment in infrastructure, innovation, and collaboration among industry stakeholders to overcome potential challenges and capitalize on opportunities for sustainable growth.
Over 60% of Thailand’s automotive exports go to five main destinations: Middle East, ASEAN, Australia, U.S, and Japan.
The statistic suggests that the majority of Thailand’s automotive exports are concentrated in five primary destination markets, which are the Middle East, ASEAN countries, Australia, the United States, and Japan. Specifically, over 60% of these exports from Thailand are directed towards these key regions. This insight highlights the strategic importance of these destinations for Thailand’s automotive industry, indicating strong trade relationships and export patterns. By focusing on these specific markets, Thailand can capitalize on existing demand, explore growth opportunities, and maintain a competitive position in the global automotive export market.
The automotive and auto parts industry in 2017 accounted for approximately 12% of Thailand’s GDP.
The statistic indicating that the automotive and auto parts industry in 2017 accounted for approximately 12% of Thailand’s GDP suggests the significant economic contribution of this sector to the overall output of the country during that year. This figure implies that a sizable portion of Thailand’s economic activity and wealth generation can be attributed to the production, sale, and maintenance of automobiles and related components. Given the importance of the automotive industry as a major driver of economic growth and employment in many countries, the data highlights the role played by the sector in shaping Thailand’s economic landscape in 2017.
Thailand is home to over 2,400 automotive component manufacturers, both domestic and international.
The statistic that Thailand is home to over 2,400 automotive component manufacturers, both domestic and international, highlights the significant presence and importance of the automotive industry in the country. This large number of manufacturers indicates a well-established and diverse automotive ecosystem, with both local Thai companies and international corporations choosing to operate in Thailand. The presence of such a substantial number of manufacturers suggests that Thailand offers a conducive business environment, skilled workforce, and strategic location for automotive production and supply chain activities. This statistic underscores Thailand’s position as a key player in the global automotive industry, attracting investments and fostering economic growth through the automotive sector.
Thai Automotive Industry Association aims for domestic sales of cars and trucks at 850,000 units in 2021.
The statistic provided indicates that the Thai Automotive Industry Association has set a target for domestic sales of cars and trucks to reach 850,000 units in the year 2021. This target serves as a benchmark for measuring the industry’s performance and can provide insights into the country’s economic activity and consumers’ purchasing behavior. Meeting or exceeding this target could signify a growing or stable automotive market in Thailand, which could have positive implications for the overall economy, such as increased production, employment opportunities, and tax revenues. Conversely, falling short of the target may indicate challenges or weaknesses within the industry that could potentially impact various sectors of the economy.
Thailand’s Automotive industry represents 10% of employment in the country.
The statistic that Thailand’s Automotive industry represents 10% of employment in the country indicates that a significant portion of the workforce in Thailand is employed in the automotive sector. This statistic highlights the industry’s importance to the economy, as well as its impact on job creation and employment opportunities for the country’s population. A strong presence of the automotive industry suggests a reliance on manufacturing and related sectors for economic growth and stability in Thailand. Policymakers, businesses, and stakeholders in the country are likely to closely monitor and support the growth and development of the automotive industry due to its significant contribution to overall employment.
The commercial vehicle market in Thailand produced around 516,000 units in 2017.
The statistic indicates that the commercial vehicle market in Thailand manufactured approximately 516,000 units in the year 2017. This figure represents the total output of commercial vehicles, including trucks, vans, and buses, produced within Thailand’s borders during that year. The size of the market suggests a significant level of economic activity and demand for commercial vehicles within the country. This statistic can be used to analyze trends in the automotive industry, assess the country’s manufacturing capabilities, and provide insights into the overall health of the commercial vehicle market in Thailand during 2017.
Toyota is the market leader in Thailand’s car market, followed by Isuzu and Honda.
The statistic that Toyota is the market leader in Thailand’s car market, followed by Isuzu and Honda, indicates that Toyota holds the largest share of car sales in Thailand, making it the most popular and successful car brand in the country. Isuzu and Honda follow behind Toyota in terms of market share, suggesting that they are also prominent players in the Thai car market but not as dominant as Toyota. This information provides insights into consumer preferences and competitive dynamics within the automotive industry in Thailand, highlighting the popularity and competitiveness of these three brands in particular.
Thailand is expected to become an EV (Electric Vehicle) Hub in ASEAN by 2025.
This statistic suggests that Thailand is projected to emerge as a central hub for electric vehicles within the Association of Southeast Asian Nations (ASEAN) region by the year 2025. This implies that Thailand is anticipated to play a significant role in the manufacturing, distribution, and promotion of electric vehicles in ASEAN countries. Such a development may involve investments in infrastructure, policies supporting the electric vehicle industry, partnerships with international automobile manufacturers, and initiatives to promote the adoption of electric vehicles among consumers in the region. This statistic underscores Thailand’s potential to be a key player in driving the transition towards sustainable and environmentally friendly transportation in ASEAN by focusing on electric vehicles as an integral part of its automotive industry.
References
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