Thailand Commercial Vehicle Market Analysis and Forecast is our exclusive\u00a0detail report on Truck and Bus segment. Thailand became the key Automotive hub\u00a0in South East Asia region. This is 8th largest Commercial Vehicle market as per 2016 statistics. The market size in 2012 was around 763 thousand units and in 2016 it is just 440 thousand.In 2009, it touched the bottom of 318 thousand unit because of low market sentiments. Slower economic growth, poor crop prices, Flood were few of the major challenges for Industry in last 5 years.\u00a0The buyers\u2019 incentive program helped the Industry for short\u00a0time duration only.<\/p>\n
GDP grew by less than 2.5 percent a year in 2016 and 2014. It is expected that in 2017, country GDP growth to pick-up around 3.1 percent. Private consumption and public investments are the key drivers of growth. Govt shall focus on Infrastructure development and promote manufacturing by introducing latest and upgraded technology to boost Auto Sector. \u00a0The manufacturing sector contributes 15 percent of the employment\u00a0and contributes 35 percent of GDP.<\/p>\n
Thailand’s cabinet approved an infrastructure plan for 2017 worth Bt895.8bn (US$25bn) in December 2016. The plan included 36 transport infrastructure projects mainly rail, road, air, seaports. Loans, with the remainder from the government budget, public-private partnerships (PPPs) and an infrastructure\u00a0fund are the key sources for the Bt576bn fund.<\/p>\n
In our detail report, we have covered both Truck and Bus segment:<\/strong><\/p>\n Get Premium Subscription for unlimited reports and Data, COntact to Info@autobei.com<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Thailand Truck and Bus Model level Production and Sales Forecast 2023<\/p>\n","protected":false},"author":1,"featured_media":709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5,4,6],"tags":[784,780,779,783,781,778,782],"class_list":["post-708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bus","category-commercial-vehicle","category-truck","tag-automotive-industry-in-thailand","tag-automotive-industry-in-thailand-2016","tag-automotive-industry-in-thailand-2017","tag-thailand-automotive-statistics","tag-thailand-commercial-vehicle-industry","tag-thailand-commercial-vehicle-market-analysis-and-forecast","tag-thailand-truck-and-bus-model-wise-production-and-sales-data"],"acf":[],"yoast_head":"\n\n