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Thailand Used Car Industry, Thailand Used Car Market Research Report

The report covers Thailand Used Car Market Research, Thailand Used Car Market Growth, Used Car Foreign Players Thailand, Partnership Used Car Thailand..

AnkurGupta
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Thailand Used Car Industry, Thailand Used Car Market Research Report

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  1. Thailand Used Car Market Outlook to 2025: Ken Research

  2. The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of new cars in the country, target audience, growth facilitators, issues & challenges faced by the industry, and other aspects. Thailand Used Car Industry report concludes with projections for future of the industry including forecasted sales revenue and volume by 2025, market segmentations, Covid-19 impact and analysts’ take on the future. Thailand Used Car Market Overview and Size: Thailand Used Car sector is in the maturity phase, growing at a CAGR of 1.8% during 2014-2020. Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue. Another major driver is the drop in use of public transport due to the pandemic and need for private vehicle.

  3. Thailand Used Car Market Segmentations By Market Type (C2C, B2C/OEM, and Auction): B2C/OEM Organized market dominated the used car industry in Thailand in 2020 on The basis of value and volume. The presence of major OEM is concentrated in the Bangkok, Vicinity and Tier-2/Tier-3 cities; However, Multibrand dealers are present throughout the country, both online and offline. By Type of Car: 1 Ton pickup truck dominates the market. This is majorly due to the fact that it has both commercial and personal utility. Also, the taxes on these vehicles are low as compared to sedan and economical cars as majority of these vehicles are bought by farmers. By Kilometers Driven: Cars with running of 80,000- 120,000 kilometers dominate the market. This is mainly due to the reason that 1 ton pickup trucks constitute the most of the market. As they have commercial usage the odometer reading in the vehicles of the country is quiet high. By Ownership Period: Since the finance for used and new car is readily available in the country the ownership period of the cars has been decreasing. Majority of the market share is acquired by cars having age of 5-8 years By Region: Used car are majorly concentrated in Bangkok due to higher purchasing power as compared to other regions. The Northeastern region has the second highest used car sales volume due to strong economic growth from increasing cross-border trade supported by the presence of special economic zones

  4. Snapshot on Online Used Two Wheeler Landscape The online used car market has been emerging with the rise in the popularity of e-commerce platforms in the country. The growth of online advertising, which has fuelled the rise of online classified platforms such as iCar Asia, Car Some, Carro and others have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services. The Overall Online Market is expected to Increase at a double Digit Positive CAGR during the period 2020-2025. Competitive Landscape of Thailand Used Car Market Used Car Market in Thailand has been dominated by B2C and OEM Dealerships which has captured a share of majority share in the sales volume of used cars during 2020. In the OEM segment, Toyota and Honda together account for majority of market. Both foreign as well as domestic companies are present in the market. These players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion.

  5. Thailand Used Car Future Outlook & Projections The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing need for use of private vehicle in order to avoid public transport is expected to fuel the sales of used cars. The sales of economical cars are also expected to increase over the forecast period. The Used Car Market is expected to witness investment in promotional and marketing activities and also strategic partnerships of domestic and foreign players. Key Segments Covered By Market Type C2C B2C/OEM organized Multi Brand Organized Dealer Multi Brand Unorganized Dealer OEM Organized Auction

  6. By Car Segment Hatchback 1 ton pickup Sedan MPV, HPV/Mini MPV SUV By Region Bangkok North East North South East West By Kilometers Driven Less than 20,000 20,000-50,000 50,000-80,000 80,000-120,000 Above 120,000

  7. By Age of Vehicle Less than 1 year 1-3 years 3-5 years 5-8 years More than 8 years By Age of Buyers 20-30 Years 30-50 Years Above 50 Years By Source of Lead Online (Social Media/Car Portals/Official Website) Offline (Dealership Walk-in) Companies Covered (OEM Dealerships) Toyota Sure Thailand Honda Used Certified Thailand Mitsubishi Diamond Used Car Nissan Intelligence Mercedes Certified Volvo

  8. Companies Covered (Online Portals) ICar Asia (One2Car, Thaicar, Autospinn) Carsome Thailand Carro Thailand Key Target Audience Used Car Companies OEMs Online Used Car Portals Used Car Financing Companies Government Bodies Investors & Venture Capital Firms Used Car Dealerships Used Car Distributors Auction Houses Used Car Associations Time Period Captured in the Report:- Historical Period – 2014-2020 Forecast Period – 2021-2025 Key Topics Covered in the Report Executive Summary Research Methodology

  9. Thailand Used Car Market Overview Thailand Used Car Market Size, 2014-2020 Thailand Used Car Market Segmentation, 2020 Growth Drivers in Thailand Used Car Market Issues and Challenges in Thailand Used Car Market Regulatory Framework Snapshots on Used Car Financing Snapshot on Auction Market Snapshot on Used Bike Market Ecosystem and Value Chain of Used Car Industry in Thailand Customers Purchase Decision Making Parameters Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios Future Market Size and Segmentations, 2021-2025F Covid-19 Impact on the Industry & the Way Forward Analysts’ Recommendations For More Information on the Research Report, refer to below links:- Thailand Used Car Market

  10. Related Reports by Ken Research Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others) Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western) Europe Agriculture Equipment Market Outlook to 2023 - By Type (Tractors, Harvesting Equipment, Soil Preparation and Cultivation Equipment, Haymaking Equipment, Crop Protection Equipment, Transport and Handling Equipment’s and Other Agricultural Equipment); and By Major Countries (Germany, France, Italy, UK, Poland, Spain and Others) Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249

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