Auto Sector Contributes about 12% of GDP in Thailand, States SRI in Its New Research Report Recently Uploaded at MarketPublishers.com03 Nov 2016 • by Natalie Aster
LONDON – At present, the automotive sector plays a significant role in Thailand’s economy, contributing about 12% to the country’s GDP.
Thailand is currently recognised as the automotive hub of ASEAN (the Association of Southeast Asian Nations). The country occupies the leading position in terms of automotive production capacity in Southeast Asia.
As of 2015, Thailand ranked the twelfth vehicle manufacturing country in the world, following France and outstripping the United Kingdom.
In the past year, Thailand’s output of vehicles exceeded 1.9 million vehicles.
Thailand is home for more than 50% of the top 100 global auto parts manufacturers production facility. Honda Automobile, Toyota Motors, Nissan Motors, Suzuki Motor, BMW, Mitsubishi Motors, General Motors, Volvo, Mercedes-Benz Thailand and Tata Motors are amid the major world leaders of the auto marketplace that are present in Thailand’s auto market.
Nowadays, eco cars are gaining more and more popularity in the country’s auto industry. Key brands of eco cars active in the market comprise Toyota Yaris, Suzuki Swift, Nisan Almera & March, Honda Brio and Mitsubishi Attrage & Mirage, amid others.
New research publication “A Study of Thailand's Auto Sector 2016” prepared by Smart Research Insights (SRI) provides granular insights into the Thailand’s auto market, uncovers important market statistics and touches upon the key aspects. It examines the market dynamics, reviews the major market growth drivers and challenges. The report delves deep into the current auto market scenario in Thailand as well as highlights future possible prospects of this sector. Moreover, the competitive environment is thoroughly explored here and profiles of top companies are available. Also, the report offers a future outlook for the domestic auto sector.
For other new research studies by the publisher, please, follow to its catalogue at MarketPublishers.com.