Thailand Used Car Market (2023-2029) | Growth, Industry, Value, Outlook, Forecast, COVID-19 IMPACT, Companies, Share, Size, Trends, Revenue & Analysis

Thailand Used Car Market  Highlights

Report Name	Thailand Used Car Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Vehicle Type, By Vendor, By Fuel Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Thailand Used Car Market

Thailand Used Car Market report thoroughly covers the market by vehicle type, by vendor, and by fuel type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Used Car Market Synopsis

Thailand Used Car Market is estimated to grow during the forecast period. Used cars are becoming increasingly popular due to their affordability and convenience, especially for budget conscious consumers in markets like that of Thailand. As per the Bank of Thailand report on household debt levels, there has been an increase in Thailand households taking out credit or leasing plans for purchasing automobiles which shows that consumer confidence towards buying used cars is increasing in the country.

According to 6Wresearch, the Thailand Used Car Market Size is valued at USD 5.87 billion and is expected to reach USD 8.9 billion registering a CAGR of above 9% during the forecast period of 2023-2029. Factors such as rising disposable income among people in Thailand have increased demand for pre-owned vehicles from both domestic and international customers who prefer to buy good quality second hand vehicles rather than opting for buying new ones with higher prices. Moreover, easy availability of financing options provided by government bodies and private finance companies further facilitate purchase of used vehicles making it easier for individuals to own them even if they don`t have enough savings available to pay up front cash amount required while buying a new vehicle directly from showroom. In addition, favorable tax treatment offered on sale/purchase transactions involving used cars also acts as a key driver boosting sales volumes within this segment across Thailand without hampering profits made through resale activities of second-hand automobile units etc. Despite few advantages associated with owning pre owned automotive units over those purchased directly from showrooms etc., major issue affecting growth prospects experienced by end users include lack of proper infrastructure & maintenance facilities leading to decreased reliability levels starting right after initial ownership period itself thereby thwarting user experience levels associated with each unit sold into market place during any given year. 

Government policies and schemes introduced in the Thailand Used Car Market

The Thai government has implemented policies to regulate the emissions and safety standards for Thailand Used Car Market. This ensure that vehicles on the road meet environmental and safety requirements. Also, Thailand has policies governing the importation of used cars. These policies influence the cost and availability of imported used vehicles. There are specific procedures and requirements for registering and documenting used cars in Thailand. These policies help track the ownership history and legal status of vehicles. Moreover, there may be consumer protection laws in place to safeguard the rights of buyers in the used car market, including regulations related to vehicle condition disclosure and warranty provisions.

Leading players of the Thailand Used Car Market

The key players in Thailand used car industry include major automotive manufacturers such as Toyota, Honda, Nissan, Ford and Chevrolet; as well as smaller local operations like The Motor Market Group (Thailand), Siam Car Center Co Ltd., Bangkok Automobile Company Ltd., Auto Alliance (Thailand) Ltd., Autocorp Holding Co Ltd.; online platforms such as Carmudi Thailand; and vehicle financing companies including MUFG Bank (Thailand).

Market Analysis by Vehicle Type

According to Nitesh Kumar, Research Manager, 6Wresearch, the Sports Utility Vehicle (SUV) segment is expected to dominate the Thailand used car market share over the coming years. SUVs gained popularity due to their versatility and perceived safety features. 

Market Analysis by Vendor

By Vendor, the organized used car segment in Thailand is experiencing significant growth due to increasing consumer demand for certified and desire for better after-sales support. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Used Car Market Outlook
• Market Size of Thailand Used Car Market, 2022
• Forecast of Thailand Used Car Market, 2029
• Historical Data and Forecast of Thailand Used Car Revenues & Volume for the Period 2019 - 2029
• Thailand Used Car Market Trend Evolution
• Thailand Used Car Market Drivers and Challenges
• Thailand Used Car Price Trends
• Thailand Used Car Porter's Five Forces
• Thailand Used Car Industry Life Cycle
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Vehicle Type for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Hatchbacks for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Sedan for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Sports Utility Vehicle for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Vendor for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Organized for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Unorganized for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Fuel Type for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Gasoline for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Used Car Market Revenues & Volume By Alternative Fuel Vehicles for the Period 2019 - 2029
• Thailand Used Car Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Vendor
• Market Opportunity Assessment By Fuel Type
• Thailand Used Car Top Companies Market Share
• Thailand Used Car Competitive Benchmarking By Technical and Operational Parameters
• Thailand Used Car Company Profiles
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• Thailand Used Car Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Vehicle Type

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others

By Vendor

• Organized
• Unorganized

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuel Vehicles