Thailand Internal combustion engine components Market (2025-2031) | Industry, Trends, Revenue, Share, Forecast, Value, Outlook, Size, Analysis, Growth & Companies

Thailand Internal combustion engine components Market Synopsis

The internal combustion engine components market in Thailand is expected to reach USD 2.73 billion by 2031, driven primarily by the increasing demand for passenger cars and commercial vehicles in the country. The growing number of automotive production facilities across Thailand is also contributing significantly to the overall growth of this market. Moreover, favorable government policies such as tax exemptions and incentives are further fueling demand for vehicle components from local suppliers, which is propelling the internal combustion engine components industry in Thailand.

Market Drivers

With several major automakers setting up plants in Thailand over recent years, there has been a significant increase in domestic automotive production capabilities within the country which has boosted demand for various types of automobile parts including those related to internal combustion engines. This has resulted in increased investments into research and development activities towards improving existing technologies related to these components as well as introducing newer ones with enhanced functionalities. The Thailand government provides numerous tax exemptions and incentives under its Board of Investment scheme (BOI) that encourages foreign investment into industrial projects related to engineering goods manufacturing including parts used for automobiles or motor cycles with internal combustion engines such as pistons, connecting rods etc., thereby promoting their supply within the region at competitive prices when compared globally making them more attractive to buyers both locally and internationally.

Challenges of the Market

A majority of manufacturers operating within this space rely heavily on imported raw materials or semi-finished components from China due to lower costs associated with them when compared domestically produced counterparts resulting high cost burden on end consumers who purchase finished products made using these inputs while having limited options available thus limiting potentials gains otherwise achievable through competition between local players all vying for higher profits margins depending on quality provided or other differentiating factors.

Covid-19 Impact on the Market

The COVID-19 pandemic has caused a significant reduction in automobile production, thereby leading to a decline in demand for internal combustion engine components in the country. As the outbreak continues to cause disruption across industries, manufacturers are facing shortages of raw materials and supply chain issues. Moreover, travel restrictions have affected distribution channels as well as operational processes within companies due to closure of warehousing facilities and manufacturing plants resulting from lockdown measures imposed by governments around the world.

Key Players of the Market

The major players in the Thailand internal combustion engine components market are Delphi Automotive PLC (UK), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany) and Aisin Seiki Co. Ltd. (Japan).

Key Highlights of the Report:

• Thailand Internal combustion engine components Market Outlook
• Market Size of Thailand Internal combustion engine components Market, 2024
• Forecast of Thailand Internal combustion engine components Market, 2031
• Historical Data and Forecast of Thailand Internal combustion engine components Revenues & Volume for the Period 2021-2031
• Thailand Internal combustion engine components Market Trend Evolution
• Thailand Internal combustion engine components Market Drivers and Challenges
• Thailand Internal combustion engine components Price Trends
• Thailand Internal combustion engine components Porter's Five Forces
• Thailand Internal combustion engine components Industry Life Cycle
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Low-speed Engine for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Medium-speed Engine for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By High-speed Engine for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By End-Users for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Marine for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Aircraft for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Fuel for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Petroleum for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Natural Gas for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Component Types for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Cylinder for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Piston for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Crankshaft for the Period 2021-2031
• Historical Data and Forecast of Thailand Internal combustion engine components Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Internal combustion engine components Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-Users
• Market Opportunity Assessment By Fuel
• Market Opportunity Assessment By Component Types
• Thailand Internal combustion engine components Top Companies Market Share
• Thailand Internal combustion engine components Competitive Benchmarking By Technical and Operational Parameters
• Thailand Internal combustion engine components Company Profiles
• Thailand Internal combustion engine components Key Strategic Recommendations