Thailand Motorcycle Market Size Growth Rate
The Thailand Motorcycle Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 4.36% in 2025 and reaches 15.83% by 2029.
Motorcycle Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
By 2027, Thailand's Motorcycle market is forecasted to achieve a growing growth rate of 5.72%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Thailand Motorcycle Market Synopsis
The motorcycle market in Thailand is estimated to witness a moderate growth during the forecast period of 2025-2031. This can be attributed to the rising demand for motorcycles from rural areas, increasing young population, and growing preference for premium segment products. Growing foreign investments, coupled with the government???s initiative towards promoting electric vehicles (EVs) in the country, are some of the factors that will aid in further boosting this market???s growth over the coming years.
Market Drivers
The steady rise in rural incomes has resulted in an increase demand for motorcycles among rural inhabitants. This is likely to drive up sales of two wheelers across Thailand over the course of time. A significant portion of Thailand population comprises individuals under 25 years old who prefer using affordable and convenient modes of transport such as motorcycles/scooters. Thus, this segment is expected to remain a key driver behind this market`s growth during 2025-2031. The majority of consumers have shifted their preferences towards higher end models thanks to their superior features and advanced technology offerings like anti-lock brake system (ABS), engine start stop systems (ESS), traction control systems (TCS) etc., thereby contributing positively toward its expansion during this period .
Challenges of the Market
Motorcycles generally emit more pollutants than other motorized vehicles due to their smaller engines resulting in worse air quality caused by increased environmental pollution levels throughout cities and towns. This could hamper overall sales within domestic markets regardless if they adhere or not with emission regulations set by local authorities or global organizations like United Nations Environment Programme (UNEP).
Covid-19 Impact on the Market
The Covid 19 pandemic has had an abrupt effect on all industries; including transportation sector due mainly because it was one amongst first sectors affected when governments started announcing lockdowns & travel restrictions globally as precautionary measure against virus spread.As result, motorcycle manufacturers saw drop off orders from both individual buyers & automotive industry.It led them temporarily shut down production facilities without any certainty about how long crisis would last.Nonetheless, once economy resumed operations, recovering process began slowly but surely leading manufacturers rebound back into action albeit not at pre Covid levels yet.
Key Players of the Market
Yamaha Motors Corporation ; Honda Motors Company ; Suzuki Motor Corporation ; Siam Automotive Industry Co Ltd.
Key Highlights of the Report:
- Thailand Motorcycle Market Outlook
- Market Size of Thailand Motorcycle Market, 2024
- Forecast of Thailand Motorcycle Market, 2031
- Historical Data and Forecast of Thailand Motorcycle Revenues & Volume for the Period 2021-2031
- Thailand Motorcycle Market Trend Evolution
- Thailand Motorcycle Market Drivers and Challenges
- Thailand Motorcycle Price Trends
- Thailand Motorcycle Porter's Five Forces
- Thailand Motorcycle Industry Life Cycle
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Adventure for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Cruiser for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Mopeds for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Sports for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Standard for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Touring for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Engine Capacity for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By 151-300 CC for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By 301-500 CC for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By 501-800 CC for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By 801-1000 CC for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By 1001-1600 CC for the Period 2021-2031
- Historical Data and Forecast of Thailand Motorcycle Market Revenues & Volume By Above 1600 CC for the Period 2021-2031
- Thailand Motorcycle Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Engine Capacity
- Thailand Motorcycle Top Companies Market Share
- Thailand Motorcycle Competitive Benchmarking By Technical and Operational Parameters
- Thailand Motorcycle Company Profiles
- Thailand Motorcycle Key Strategic Recommendations
