Thailand is ASEAN’s Automotive Hub, with the better car accumulating accommodation and the accomplished superior locations accomplishment adequacy of any nation in the region.
Rebounding from endure year’s flood crisis, Thailand’s hard-hit automotive industry including auto locations and accessories sees abeyant advance in the consign bazaar through added assembly and innovation.
Manufacturers such as Honda, Toyota and Chevrolet accept been accelerated in their recovery, which is ultimately convalescent investment and demands from the all-around economy.
Innovation and New Product Development
As there has been accelerated growth, new articles are getting launched by car-makers with absorption appear Eco-friendly or amalgam cars in abutment of Thailand to be an Eco-car assembly powerhouse. The top 5 companies demography allotment in this action are Honda, Toyota, Suzuki, Nissan and Mitsubishi.
Current accepted amalgam or Eco-cars are:
• Nissan March
• Honda Brio
• Suzuki Swift
• New Honda Jazz hybrid
Also just afresh this year, Mitsubishi launched its aboriginal and new all-around bunched car – the Mirage with were exported to Japan in July this year and again to the ASEAN, European and added markets successively.
There are about 1,800 automotive locations suppliers in Thailand, of which about 700 are accessible as OEMs.
For exports, the auto-parts industry is a bit catchy and difficult. Many automotive manufacturers in Thailand already accept absolute affairs with their barter and cannot aftermath for their competitors also. Aswell baby manufacturers cannot cope with ample and specialized orders.
However, the Thai Department of Trade, just this year hosted the Thailand Auto Locations & Accessories 2012 (TAPA 2012) barter fair featuring auto locations & apparatus (OEM/REM), auto accessories, petroleum /lubricants/maintenance products, accoutrement & machines and even cars focused on announcement items to buyers and importers from about the world.
Some of the above articles and casework that were on displays included:
• Fuel bang pumps
• Bang nozzles
• Anti-lock braking systems
• Electronic systems to abutment cast and die technology
• Research & development Centers
• ECUs, alarm and axial locking systems
At the alpha of 2012 (between January to March), Thailand’s automotive industry produced abutting to 191,000 auto units of which 47% were exported to Japan, ASEAN, US and European markets. Of the automobiles, the majority of the cars produced were bifold cab pickups followed by commuter cards. The SUVs were the atomic produced and exported this year so far.
In commendations to the OEM auto-parts, the exports admired up to over US 36.6 actor Dollars in January.
Looking at the trend back 2005 and accepted consign till 2015, sales accept been progressively increasing, except for 2009 and 2011 due to economical and flood crisis during those years.