Thailand Automotive Motors Market | Companies, Revenue, Forecast, Size, Analysis, Growth, COVID-19 IMPACT, Share, Trends, Value & Industry

Thailand Automotive Motors Market Synopsis

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.

Drivers of the Market

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.

Challenges of the Market

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.

Trends & Oppourtunites of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

• Thailand Automotive Motors Market Outlook
• Market Size of Thailand Automotive Motors Market, 2023
• Forecast of Thailand Automotive Motors Market, 2030
• Historical Data and Forecast of Thailand Automotive Motors Revenues & Volume for the Period 2020-2030
• Thailand Automotive Motors Market Trend Evolution
• Thailand Automotive Motors Market Drivers and Challenges
• Thailand Automotive Motors Price Trends
• Thailand Automotive Motors Porter's Five Forces
• Thailand Automotive Motors Industry Life Cycle
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Motor Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Brushed for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Brushless for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Stepper for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Function for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Performance for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Safety for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Comfort for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Passenger car for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Light commercial vehicle for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Heavy commercial vehicle for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Electric Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By BEV for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By HEV for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By PHEV for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By EV Motor Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Induction for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Traction for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Brushed for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Brushless for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Stepper for the Period 2020-2030
• Historical Data and Forecast of Thailand Automotive Motors Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Automotive Motors Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Electric Vehicle Type
• Market Opportunity Assessment By EV Motor Type
• Thailand Automotive Motors Top Companies Market Share
• Thailand Automotive Motors Competitive Benchmarking By Technical and Operational Parameters
• Thailand Automotive Motors Company Profiles
• Thailand Automotive Motors Key Strategic Recommendations