| Product Code: ETC174944 | Publication Date: Jan 2022 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Thailand import trend in the automotive motors market showed a growth rate of 3.71% from 2023 to 2024, contrasting with a compound annual growth rate (CAGR) of -19.99% from 2020 to 2024. This significant uptick in import momentum in 2024 could be attributed to a potential recovery in market demand or changes in trade policies impacting the sector.

The Thailand automotive motors market was valued at around USD 3 billion in 2019 and is anticipated to grow at a CAGR of 6% due mainly to robust sales of passenger cars and other commercial vehicles across the country, along with rising environmental concerns which favor electric vehicles over petrol/diesel ones. Additionally, government initiatives promoting green transportation through subsidies on hybrid & electric cars have also helped propel market growth during this time frame.
The Thailand automotive motors market is driven by the electrification trend in the automotive industry. Electric motors power various vehicle components, including propulsion systems and auxiliary functions, as manufacturers work to transition to more sustainable and efficient power sources.
The Thailand automotive motors market faces challenges tied to electric and hybrid vehicle adoption. Developing motors that offer high efficiency, sufficient power, and durability while managing costs and addressing battery range limitations remains a significant challenge.
The Thailand automotive motors market presents promising opportunities in the context of electrification and vehicle electrification. As the automotive industry transitions toward electric and hybrid powertrains, there is a growing demand for electric motors that offer high efficiency, compact design, and reliable performance. Manufacturers can capitalize on this trend by producing electric motors tailored to automotive applications, including propulsion systems and auxiliary components. Collaborations with OEMs can facilitate the incorporation of these motors into electric vehicle platforms, contributing to the expansion of the electric vehicle market in Thailand.
The Thailand automotive motors market involves the production of various motors used in vehicles, including electric motors for hybrid and electric vehicles. The pandemic affected manufacturing and supply chains, but the growing trend toward electrification in the automotive industry could drive demand for automotive motors in the long run.
The Thailand automotive motors market involves the manufacturing of motors used in various vehicle systems, including electric windows, wipers, and more. Key players in this market might include companies like Mitsubishi Electric Factory Automation (Thailand) Co., Ltd., and Nidec Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Automotive Motors Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Automotive Motors Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Automotive Motors Market - Industry Life Cycle |
3.4 Thailand Automotive Motors Market - Porter's Five Forces |
3.5 Thailand Automotive Motors Market Revenues & Volume Share, By Motor Type, 2020 & 2030F |
3.6 Thailand Automotive Motors Market Revenues & Volume Share, By Function, 2020 & 2030F |
3.7 Thailand Automotive Motors Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.8 Thailand Automotive Motors Market Revenues & Volume Share, By Electric Vehicle Type, 2020 & 2030F |
3.9 Thailand Automotive Motors Market Revenues & Volume Share, By EV Motor Type, 2020 & 2030F |
4 Thailand Automotive Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Automotive Motors Market Trends |
6 Thailand Automotive Motors Market, By Types |
6.1 Thailand Automotive Motors Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Automotive Motors Market Revenues & Volume, By Motor Type, 2020-2030F |
6.1.3 Thailand Automotive Motors Market Revenues & Volume, By Brushed, 2020-2030F |
6.1.4 Thailand Automotive Motors Market Revenues & Volume, By Brushless, 2020-2030F |
6.1.5 Thailand Automotive Motors Market Revenues & Volume, By Stepper, 2020-2030F |
6.2 Thailand Automotive Motors Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Thailand Automotive Motors Market Revenues & Volume, By Performance, 2020-2030F |
6.2.3 Thailand Automotive Motors Market Revenues & Volume, By Safety, 2020-2030F |
6.2.4 Thailand Automotive Motors Market Revenues & Volume, By Comfort, 2020-2030F |
6.3 Thailand Automotive Motors Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand Automotive Motors Market Revenues & Volume, By Passenger car, 2020-2030F |
6.3.3 Thailand Automotive Motors Market Revenues & Volume, By Light commercial vehicle, 2020-2030F |
6.3.4 Thailand Automotive Motors Market Revenues & Volume, By Heavy commercial vehicle, 2020-2030F |
6.4 Thailand Automotive Motors Market, By Electric Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Thailand Automotive Motors Market Revenues & Volume, By BEV, 2020-2030F |
6.4.3 Thailand Automotive Motors Market Revenues & Volume, By HEV, 2020-2030F |
6.4.4 Thailand Automotive Motors Market Revenues & Volume, By PHEV, 2020-2030F |
6.5 Thailand Automotive Motors Market, By EV Motor Type |
6.5.1 Overview and Analysis |
6.5.2 Thailand Automotive Motors Market Revenues & Volume, By Induction, 2020-2030F |
6.5.3 Thailand Automotive Motors Market Revenues & Volume, By Traction, 2020-2030F |
6.5.4 Thailand Automotive Motors Market Revenues & Volume, By Brushed, 2020-2030F |
6.5.5 Thailand Automotive Motors Market Revenues & Volume, By Brushless, 2020-2030F |
6.5.6 Thailand Automotive Motors Market Revenues & Volume, By Stepper, 2020-2030F |
6.5.7 Thailand Automotive Motors Market Revenues & Volume, By Others, 2020-2030F |
7 Thailand Automotive Motors Market Import-Export Trade Statistics |
7.1 Thailand Automotive Motors Market Export to Major Countries |
7.2 Thailand Automotive Motors Market Imports from Major Countries |
8 Thailand Automotive Motors Market Key Performance Indicators |
9 Thailand Automotive Motors Market - Opportunity Assessment |
9.1 Thailand Automotive Motors Market Opportunity Assessment, By Motor Type, 2020 & 2030F |
9.2 Thailand Automotive Motors Market Opportunity Assessment, By Function, 2020 & 2030F |
9.3 Thailand Automotive Motors Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.4 Thailand Automotive Motors Market Opportunity Assessment, By Electric Vehicle Type, 2020 & 2030F |
9.5 Thailand Automotive Motors Market Opportunity Assessment, By EV Motor Type, 2020 & 2030F |
10 Thailand Automotive Motors Market - Competitive Landscape |
10.1 Thailand Automotive Motors Market Revenue Share, By Companies, 2023 |
10.2 Thailand Automotive Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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