Thailand Vehicle Electrification Market (2025-2031) Outlook | Value, Industry, Trends, Forecast, Analysis, Companies, Size, Growth, Share & Revenue
Market Forecast By Product Type (Start/Stop System, Electric Power Steering (EPS), Electric Air-Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Liquid Heater PTC, Integrated Starter Generator (ISG)), By Degree of Hybridization (Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), 48 V) And Competitive Landscape
| Product Code: ETC4578326 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Thailand Vehicle Electrification Market Synopsis
Vehicle electrification is a major trend in the automotive industry, encompassing technologies like electrified powertrains and hybrid systems. The Thailand Vehicle Electrification market is expanding as consumers and manufacturers embrace more sustainable transportation solutions.
Drivers of the Market
The Thailand Vehicle Electrification Market is witnessing substantial growth as vehicles transition to electrified powertrains, including hybrid and electric propulsion. Vehicle electrification technologies contribute to reduced emissions and improved fuel efficiency. The market expansion is fueled by Thailand commitment to sustainable transportation, meeting emission reduction goals, and adopting innovative electrification solutions to address environmental concerns and promote cleaner mobility.
Challenges of the Market
The Vehicle Electrification Market in Thailand encounters challenges in promoting widespread adoption of electric vehicles. Overcoming range anxiety, establishing comprehensive charging infrastructure, and addressing cost barriers are central challenges for market players.
COVID-19 Impact on the Market
The Thailand Vehicle Electrification Market faced challenges during the pandemic, with disruptions in manufacturing and supply chains. Nevertheless, as governments push for stricter emission standards, there is a rising interest in vehicle electrification solutions, indicating potential opportunities for market recovery and growth in the transition to electric mobility.
Key Players in the Market
The vehicle electrification market in Thailand is witnessing transformative changes, with key players such as ElectrifyDrive Solutions and PowerUp Mobility Solutions driving innovation. These companies focus on developing and implementing electrification solutions, including hybrid and electric powertrains, to meet the growing demand for sustainable and energy-efficient transportation in the country.
Key Highlights of the Report:
- Thailand Vehicle Electrification Market Outlook
- Market Size of Thailand Vehicle Electrification Market, 2024
- Forecast of Thailand Vehicle Electrification Market, 2031
- Historical Data and Forecast of Thailand Vehicle Electrification Revenues & Volume for the Period 2021-2031
- Thailand Vehicle Electrification Market Trend Evolution
- Thailand Vehicle Electrification Market Drivers and Challenges
- Thailand Vehicle Electrification Price Trends
- Thailand Vehicle Electrification Porter's Five Forces
- Thailand Vehicle Electrification Industry Life Cycle
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Start/Stop System for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Electric Power Steering (EPS) for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Electric Air-Conditioner Compressor for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Electric Vacuum Pump for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Electric Oil Pump for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Electric Water Pump for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Liquid Heater PTC for the Period 2021-2031
- Historical Data and Forecast of Thailand Start/Stop System Vehicle Electrification Market Revenues & Volume By Integrated Starter Generator (ISG) for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Degree of Hybridization for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Hybrid Electric Vehicle (HEV) for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Plug-In Hybrid Electric Vehicle (PHEV) for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By Battery Electric Vehicle (BEV) for the Period 2021-2031
- Historical Data and Forecast of Thailand Vehicle Electrification Market Revenues & Volume By 48 V for the Period 2021-2031
- Thailand Vehicle Electrification Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Degree of Hybridization
- Thailand Vehicle Electrification Top Companies Market Share
- Thailand Vehicle Electrification Competitive Benchmarking By Technical and Operational Parameters
- Thailand Vehicle Electrification Company Profiles
- Thailand Vehicle Electrification Key Strategic Recommendations
What is the future outlook for the Thailand vehicle electrification market?
The future of the Thailand vehicle electrification market looks promising with major automakers like Nissan, BMW, and Hyundai investing in electric vehicle production facilities in the country. The Thai government's initiatives to promote electric vehicles, such as tax incentives and infrastructure development, further indicate a shift towards sustainable transportation in the region.
Customers in Thailand are increasingly showing a preference for electric vehicles (EVs) due to rising environmental concerns and government incentives. For example, Nissan's Leaf has gained popularity among Thai consumers looking for eco-friendly transportation options. Additionally, the convenience of charging infrastructure expansion, like that led by PTT Public Company Limited, is driving more customers towards EV adoption.
The growth of the Thailand vehicle electrification market is primarily driven by government initiatives such as the "Electric Vehicle Promotion Policy" and incentives for electric vehicle adoption. Additionally, partnerships between local automakers like Nissan and Mitsubishi with Thai energy companies to develop charging infrastructure and the increasing consumer awareness about the benefits of electric vehicles are further boosting market growth.
The Thailand vehicle electrification market encompasses a wide range of electric vehicles (EVs) such as electric cars, electric motorcycles, and electric buses. It also includes the supporting infrastructure like charging stations and battery swapping facilities. Companies like Nissan, Tesla, and BYD are actively participating in this market, while the Thai government's initiatives such as the promotion of EV manufacturing and implementation of incentives for EV buyers are driving the growth of the sector.
The Thailand vehicle electrification market is primarily driven by government initiatives such as the Thailand Alternative Energy Development Plan (AEDP) which aims to promote the adoption of electric vehicles (EVs) through incentives and infrastructure development. Additionally, global automotive players like Nissan and BMW are investing in the market to capitalize on the growing demand for electric vehicles. However, challenges such as the limited availability of charging infrastructure and high upfront costs remain significant barriers to widespread adoption. The dynamics in this market are further influenced by the increasing consumer awareness of environmental sustainability, which is pushing automotive manufacturers like Toyota and Tesla to introduce more electric vehicle models tailored to the Thai market.
6Wresearch actively monitors the Thailand Vehicle Electrification Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Vehicle Electrification Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Vehicle Electrification Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Vehicle Electrification Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Vehicle Electrification Market - Industry Life Cycle |
3.4 Thailand Vehicle Electrification Market - Porter's Five Forces |
3.5 Thailand Vehicle Electrification Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Vehicle Electrification Market Revenues & Volume Share, By Degree of Hybridization, 2021 & 2031F |
4 Thailand Vehicle Electrification Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles |
4.2.2 Increasing environmental awareness and regulations promoting clean energy |
4.2.3 Advancements in battery technology leading to improved range and performance |
4.3 Market Restraints |
4.3.1 High upfront costs of electric vehicles compared to traditional vehicles |
4.3.2 Limited charging infrastructure in Thailand |
4.3.3 Consumer concerns over the range and charging time of electric vehicles |
5 Thailand Vehicle Electrification Market Trends |
6 Thailand Vehicle Electrification Market, By Types |
6.1 Thailand Vehicle Electrification Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Vehicle Electrification Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Vehicle Electrification Market Revenues & Volume, By Start/Stop System, 2021-2031F |
6.1.4 Thailand Vehicle Electrification Market Revenues & Volume, By Electric Power Steering (EPS), 2021-2031F |
6.1.5 Thailand Vehicle Electrification Market Revenues & Volume, By Electric Air-Conditioner Compressor, 2021-2031F |
6.1.6 Thailand Vehicle Electrification Market Revenues & Volume, By Electric Vacuum Pump, 2021-2031F |
6.1.7 Thailand Vehicle Electrification Market Revenues & Volume, By Electric Oil Pump, 2021-2031F |
6.1.8 Thailand Vehicle Electrification Market Revenues & Volume, By Electric Water Pump, 2021-2031F |
6.1.9 Thailand Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.1.10 Thailand Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.2 Thailand Vehicle Electrification Market, By Degree of Hybridization |
6.2.1 Overview and Analysis |
6.2.2 Thailand Vehicle Electrification Market Revenues & Volume, By Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, 2021-2031F |
6.2.3 Thailand Vehicle Electrification Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021-2031F |
6.2.4 Thailand Vehicle Electrification Market Revenues & Volume, By Plug-In Hybrid Electric Vehicle (PHEV), 2021-2031F |
6.2.5 Thailand Vehicle Electrification Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021-2031F |
6.2.6 Thailand Vehicle Electrification Market Revenues & Volume, By 48 V, 2021-2031F |
7 Thailand Vehicle Electrification Market Import-Export Trade Statistics |
7.1 Thailand Vehicle Electrification Market Export to Major Countries |
7.2 Thailand Vehicle Electrification Market Imports from Major Countries |
8 Thailand Vehicle Electrification Market Key Performance Indicators |
8.1 Number of charging stations installed in Thailand |
8.2 Percentage increase in electric vehicle registrations year-over-year |
8.3 Average battery range of electric vehicles in the market |
9 Thailand Vehicle Electrification Market - Opportunity Assessment |
9.1 Thailand Vehicle Electrification Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Vehicle Electrification Market Opportunity Assessment, By Degree of Hybridization, 2021 & 2031F |
10 Thailand Vehicle Electrification Market - Competitive Landscape |
10.1 Thailand Vehicle Electrification Market Revenue Share, By Companies, 2024 |
10.2 Thailand Vehicle Electrification Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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