Thailand Used Car Market Share, Size, Revenue, Upcoming Trends and Future Growth 2032

Thailand Used Car Market Size- By Market Type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Thailand Used Car Market Size- By Market Type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Jan 2023 Report ID: AMIN2303 Pages: 1 - 239 Formats*:     
Category : Automotive & Transportation
Thailand Used Car Market Overview

According to SPER Market Research, the Thailand Used Car Market is estimated to reach USD 11.05 billion by 2032 with a CAGR of 7.28%. 

Thailand is predicted to become one of the used car markets with the highest potential throughout the forecast period, due to a growing consumer base and significant changes in used car purchasing habits brought on by recent health-related events like the pandemic. A vehicle that has had one or more retail owners in the past is referred to as a used automobile, pre-owned car, or second-hand car. Franchise and independent auto dealers, rental car agencies, buy here pay here dealerships, leasing offices, public auctions, and private party sales are just a few of the places where used cars are sold.Growing new entrants and a strong presence of OEM and B2C Dealerships, particularly OEMS like Toyota and Honda, will support market expansion during the projection period. Additionally, increasing internet usage and online platforms for used automobiles that make it simple for clients to acquire and transfer used cars are also anticipated to fuel market demand. 

The key drivers of positive development in used car sales income include rising demand for private vehicles, declining purchasing power, easy access to financing, and rising VAT on new cars. The decline in public transportation owing to the epidemic and the requirement for a private vehicle is another significant factor.
Thailand Used Car Market
Impact of COVID-19 on the Thailand Used Car Market
The Covid-19 epidemic is anticipated to fuel further growth in Thailand's used car industry. Many people have now turned to purchasing vehicles instead of using public transportation because they were worried of catching the Covid-19 virus. On the other hand, a lot of used cars are being put on the market since their owners were unable to pay their installment loans as a result of the pandemic. Sales of old cars are expected to increase as people choose private transportation over public transportation. Additionally, it is projected that more cheap vehicle sales will increase during the forecast period. The used automobile market is expected to see investments in marketing and promotion plans as well as strategic partnerships between domestic and foreign companies.

Thailand Used Car Market


Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Market type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers
 Regions coveredBangkok, East, North, NorthEast, South, West
 Companies CoveredCarro Thailand, Carsome Thailand, Honda Used Certified Thailand, iCar Asia (One2Car, Thaicar, Austospinn), Mercedes Certified, Mitsubishi Diamond Used Car, Nissan Intelligence, Toyota Sure Thailand, Volvo
Target Audience- 
  • Government Bodies
  • Investors & Venture Capital Firms
  • OEMs
  • Online Used Car Portals
  • Used Car Associations
  • Used Car Companies
  • Used Car Dealerships
  • Used Car Distributors Auction Houses
  • Used Car Financing Companies
Thailand Used Car Market Segmentation:
1. By Market type
  • Auction
  • B2C/OEM
  • Multi Brand Organized Dealer
  • Multi Brand Unorganized Dealer
  • OEM Organized
  • C2C
2. By Vehicle Type: 
  • 1 Ton Pickup
  • Hatchback
  • MPV/HPV/Mini MPV
  • Sedan
  • SUV
3. By Fuel Type: 
  • Diesel
  • Petrol
  • Others
4. By Booking Type: 
  • Offline
  • Online
5. By Kilometres Driven:
  • Less than 20,000
  • 20,000-50,000
  • 50,000-80,000
  • 80,000-120,000
  • Above 120,000
6. By Age of Vehicle: 
  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years
7. By Age of Buyers: 
  • 20-30 years
  • 30-50 years
  • Above 50 years
8. By Region:
  • Bangkok
  • East
  • North
  • North East
  • South
  • West
Key Topics Covered in the Report:
  • Size of Thailand Used Car Market (FY’2019-FY’2032)
  • Overview of Thailand Used Car Market
  • Segmentation of Thailand Used Car By Market type(Auction, B2C/OEM, C2C)
  • Segmentation of Thailand Used Car Market By Vehicle Type (1 Ton Pickup, Hatchback, MPV/HPV/Mini MPV, Sedan, SUV)
  • Segmentation of Thailand Used Car Market By Fuel Type(Diesel, Petrol, Others)
  • Segmentation of Thailand Used Car Market By Booking Type (Offline, Online)
  • Segmentation of Thailand Used Car Market By Kilometres Driven (Less than 1 year, 1-3 years, 3-5 years, 5-8 years, More than 8 years)
  • Segmentation of Thailand Used Car Market By Age of Vehicle (Hospitals, Ambulatory Surgical Centres, Home Care Settings, Others)
  • Segmentation of Thailand Used Car Market By Age of Buyers (20-30 years, 30-50 years, Above 50 years)
  • Statistical Snap of Thailand Used Car Market
  • Growth Analysis of Thailand Used Car Market
  • Problems and Challenges in Thailand Used Car Market
  • Competitive Landscape in the Thailand Used Car Market
  • Impact of COVID-19 and Demonetization on Thailand Used Car Market
  • Details on Recent Investment in Thailand Used Car Market
  • Competitive Analysis of Thailand Used Car Market
  • Major Players in the Thailand Used Car Market
  • SWOT Analysis of Thailand Used Car Market
  • Thailand Used Car Market Future Outlook and Projections (FY’2019-FY’2032)
  • Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Thailand Used Car Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape 
6.1 Thailand Used Car Manufacturing Base Distribution, Sales Area, Product Type 
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Used Car Market 

7. Thailand Used Car Market, By Market Type,2019-2032 (USD Million)
7.1 Auction
7.2 B2C/OEM
7.2.1 Multi Brand Organized Dealer
7.2.2 Multi Brand Unorganized Dealer
7.2.3 OEM Organized
7.3 C2C

8. Thailand Used Car Market, By Vehicle Type, 2019-2032 (USD Million)
8.1 1 Ton Pickup
8.2 Hatchback
8.3 MPV/HPV/Mini MPV
8.4 Sedan
8.5 SUV

9. Thailand Used Car Market, By Fuel Type, 2019-2032 (USD Million)
9.1 Diesel
9.2 Petrol
9.3 Others

10. Thailand Used Car Market, By Booking Type, 2019-2032 (USD Million)
10.1  Offline
10.2  Online

11. Thailand Used Car Market, By Kilometers Driven, 2019-2032 (USD Million)
11.1  Less than 20,000
11.2  20,000-50,000
11.3  50,000-80,000
11.4  80,000-120,000
11.5  Above 120,000

12. Thailand Used Car Market, By Age of Vehicle, 2019-2032 (USD Million)
12.1  Less than 1 year
12.2  1-3 years
12.3  3-5 years
12.4  5-8 years
12.5  More than 8 years

13. Thailand Used Car Market, By Age of Buyers, 2019-2032 (USD Million)
13.1  20-30 years
13.2  30-50 years
13.3  Above 50 years

14. Thailand Used Car Market, By Region, 2019-2032 (USD Million)
14.1 Thailand Used Car Size and Market Share by Region (2019-2025)
14.2 Thailand Used Car Size and Market Share by Region (2026-2032)
14.3 Bangkok
14.4 East
14.5 North
14.6 North East
14.7 South
14.8 West

15. Company Profiles
15.1 Carro Thailand
15.1.1 Company details 
15.1.2 Financial outlook
15.1.3 Product summary 
15.1.4 Recent developments
15.2 Carsome Thailand
15.2.1 Company details 
15.2.2 Financial outlook
15.2.3 Product summary 
15.2.4 Recent developments
15.3 Honda Used Certified Thailand
15.3.1 Company details 
15.3.2 Financial outlook
15.3.3 Product summary 
15.3.4 Recent developments
15.4 iCar Asia (One2Car, Thaicar, Austospinn)
15.4.1 Company details 
15.4.2 Financial outlook
15.4.3 Product summary 
15.4.4 Recent developments
15.5 Mercedes Certified 
15.5.1 Company details 
15.5.2 Financial outlook
15.5.3 Product summary 
15.5.4 Recent developments
15.6 Mitsubishi Diamond Used Car
15.6.1 Company details 
15.6.2 Financial outlook
15.6.3 Product summary 
15.6.4 Recent developments
15.7 Nissan Intelligence
15.7.1 Company details 
15.7.2 Financial outlook
15.7.3 Product summary 
15.7.4 Recent developments
15.8 Toyota Sure Thailand
15.8.1 Company details 
15.8.2 Financial outlook
15.8.3 Product summary 
15.8.4 Recent developments
15.9 Volvo
15.9.1 Company details 
15.9.2 Financial outlook
15.9.3 Product summary 
15.9.4 Recent developments

16. List of Abbreviations

17. Reference Links

18. Conclusion

19. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The key players in the market include Companies Covered Carro Thailand, Carsome Thailand, Honda Used Certified Thailand, iCar Asia (One2Car, Thaicar, Austospinn), Mercedes Certified, Mitsubishi Diamond Used Car, Nissan Intelligence, Toyota Sure Thailand, Volvo.
The Thailand Used Car Market is projected to reach USD 11.05 billion by 2032, growing at a CAGR of 7.28% during the forecast period.
The Thailand Used Car Market grew in market size from 2021. The Market is expected to reach USD 11.05 billion by 2032, at a CAGR of 7.28% during the forecast period.
The Thailand Used Car Market CAGR of 7.28% during the forecast period.
You can get the sample pages by clicking the link -Click Here
The Thailand Used Car Market size is USD 11.05 billion from 2022 to 2032.
The Thailand Used Car Market segment is Covered By Market type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers.
The Asia Pacific region is anticipated to have the highest market share in the Thailand Used Car Market.
The demand is anticipated to increase. To fulfil client orders, businesses are expected to concentrate on strengthening their relationships with suppliers and grocery stores. Future technologies like drone delivery, warehouse automation, voice ordering, and others are predicted to fuel demand. Future market consolidation is anticipated as large-cap companies that have a strong brand will buy out smaller firms.
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