Thailand Auto Finance Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Thailand Auto Finance Market Is Positioned? The auto finance market has played an imperative role in the overall GDP contribution in the Thai economy with a valuable contribution of ~ in terms of auto loan disbursed by the end of 2019 (Provisional). The market compasses similar trends fairly in-line with the domestic vehicle sales market, qualitatively & quantitatively. After witnessing a burst in 2015 the market is currently placed in its recovery phase registering a slow-moving growth rate. Major operations are conducted by three types of entities namely, Banks & Subsidiaries, Captive Finances, and Non-Bank Financial Institutes. Numerous new business strategies were adopted by major players including the launch of “Cash Your Car”, First Car Buyer The scheme, and Floor Plan Model with competitors indulging in maintaining extensive collaborations with luxury dealers like Volvo for product sales expansion. The Auto finance market has increased in terms of loan disbursed to approximately THB ~ billion in 2019P from THB ~ billion in 2014 registering a CAGR of ~% during the same period. The credit disbursed in the Thailand Auto Finance Industry has increased from THB ~ billion in 2013 to THB ~ billion in 2019P. The number of vehicles financed increased from ~ in 2014 to ~ in 2019P. There have been various factors responsible for the growth. One of the major factors has been the consistent growing level of sales of used vehicles in Thailand along with a vast array of financing options being offered by lenders. Moreover, convenience in lending is being improved as online lending ecosystems contribute to the rising total addressable market in vehicle finance and lenders offer highly customized products catered to the borrower’s needs. The Issuance of digitally Advanced Products, being offered by various Fintech Institutions, also acts as a Catalyst to the Growth of Industry. Thailand Auto Finance Market Segmentation By Vehicle Financed (2019): In Thailand, a sale is done for both new and used vehicles. Financing of New Car was observed to dominate the market during 2019P. New Vehicle Finance enjoys a majority share in the market owing to the advantages that come handy with the new vehicles that include higher resale value and better financing schemes. Used vehicles capture a comparatively lower share in the market in terms of Units Financed. By Tenure of Loan: The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and lifestyle of the individual. The most preferred loan the time period in the Thailand Automotive market for the year 2019P is for 2 years. By Type of Financing: The research showcased that Passenger vehicle finance is the leader in terms of financing acquired and amounts to ~ of the total loan outstanding in 2019P. After this, the Commercial vehicle segment of the market covers, ~ of the market and Registration pledge covers similarly ~ of the market, while the rest ~ of the total loan outstanding amounts to floor plan loans. By Type of Vehicle financed: It was witnessed that out of Passenger loan outstanding, new Vehicle loans amount to ~ while Used Vehicle loans amount to ~ and motorcycle loans amounts to the only ~ of the total Passenger vehicle loan outstanding market. By (Banks, NBFCs, and Captives): Commercial banks have accounted for a Major Share in the Overall Car Finance Market of Thailand on the basis of vehicles Financed. The second position in the market was captured by Captives and the third is captured by nonbanking finance Companies, which operate in the market for Automotive financing in 2019P. Competitive Landscape In The Thailand Auto Finance Market Competition in the market is moderately fragmented. The Major lending institution types in the market are Banks, Captives, Multi Finance Companies, they hold a moderately Fragmented share in the lending space for New Cars. However, the top 6 players in the market make up for almost 50% of the share, but the market of Captives and NBFC’s are majorly fragmented and totally amounts to more than 150+ players in the market. Competing Parameters: These entities majorly compete on the basis of diversification of services; interest rates charged, expanded distribution network & regional presence and enhanced customer relationship. One of the chief competing parameters is digitalization that has completely changed the market along with major strategies used to attract customers & expand business including Cash Your Car and others. The major players include Thanachart Bank, Ayudhya Bank, Siam Commercial Bank, TISCO Bank Capital, Asia Sermkij Leasing, Nakhon Luang Capital Limited, Thitikorn PCL and others. Thailand Auto Finance Market Future Outlook and Projections Over the forecast period, the Thailand auto finance market is expected to be positive if there is a continuous need for Car among the population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to conventional finance companies and banks. These startups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending, online aggregation, and remote banking facilities which made the customer lending process uncomplicated and simple further facilitating the car finance market in the country. Banks and Captives are expected to continue their leading position in the market due to their vast networks and range of products. In addition to that, the Thailand market is likely to witness a decline in Car sales which threatens the growth of a number of loans issued in the future. Key Segments Covered:- By Vehicle Financed New Vehicles Used Vehicles By Lender Institutions Banks Captives Non-Banking Finance Companies (NBFCs) By Type of Finance Passenger Vehicle Commercial vehicles Registration Pledge Floor Plan By Type of Vehicle New Auto Used Auto Motorcycles By Loan Tenure between New and Used Autos One Year Two Years Three Years Four Years Five Years or more Key Target Audience Existing Auto Finance Companies Banks OEM Dealerships Captive Finance Companies Credit Unions Private Finance Companies New Market Entrants Government Organizations Investors Automobile Associations Automobile OEMs Time Period Captured in the Report: Historical Period: 2014-2019P Forecast Period: 2019P-2024F Key Companies Covered: Banks Thanachart Bank Ayudhya Bank Siam Commercial Bank TISCO Bank Kiatnakin Bank Kasikorn Bank ICBC Bank Krungthai Bank NBFCs Muangthai Capital Asia Sermkij Leasing Nakhon Luang Capital Limited Thitikorn Summit Capital Group Lease Aeon Thana Sinsap G Capital Public Limited Thai Ace Capital SGF Capital JMT Network Phatra Leasing Company Mitsib Leasing Captives Toyota Leasing Thailand Mercedes-Benz leasing BMW Financial Services MITSU Leasing Thailand Ford Services Thailand Company Limited Honda Leasing Thailand Company Limited Hyundai Motor Thailand Company Limited KIA Motors Finance Mazda Financial Services Limited Suzuki Motor Thailand Company Limited Volvo Financial Services Tri Petch Isuzu Leasing Company Limited Land Rover Financial Services Mini Financial Services Porsche Financial Services Thai Rung Union Auto Public Company Limited Key Topics Covered in the Report:- Thailand Auto Finance Market Overview and Genesis Thailand Auto Finance Market Ecosystem, 2019P Value Chain Analysis of the Thailand Auto Finance Market, 2019P Thailand Finance Market Value Chain Analysis Thailand Auto Finance Market Size, 2013-2019P Thailand Auto Finance Market Segmentation, 20113-2019P Major Trends and Development in Thailand Auto Finance Market Issues and Challenges in Thailand Auto Finance Market Regulatory Framework in the Thailand Auto Finance Market Snapshot on Thailand Automotive Sales and Manufacturing Market, 2014-2019P Ways to Finance Automotives in Thailand (Bank Finance or Multi Financing Companies, Personal Finance, Lease Financing) Vendor Selection Process for Auto Finance Company in Thailand Competitive Landscape Containing Company & Product Profiles in the Thailand Auto Finance Market Financial Penetration of various OEM Brands Thailand Finance Market Future Outlook and Projections, 2019P-2024 Analyst Recommendations for the Thailand Auto Finance Market For More Information On The Research Report, Refer To Below Link:- Thailand Auto Finance Market Analysis Related Reports by Ken Research:- Vietnam Auto Finance Market Outlook to 2023 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial) Philippines Auto Finance Market Outlook To 2023 – By Banks And NBFCs Including Captive Units (Auto Loan Portfolio And Motor Cycle Loan Portfolio), By New And Used Motor Vehicles, By Motor Vehicle Financed (Passenger And Commercial Vehicles), By Loan Time Period. Indonesia Auto Finance Market Outlook To 2024: Growing Prominence Of Captive Finance Companies Backed By Surging Auto Sales To Drive Market Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Aeon Thana Sinsap Net Interest Income in THB Million, Asia Sermkij Leasing Auto Loan Growth Rate, Auto Finance Industry Thailand, Auto Finance Market Thailand, Auto Finance Thailand, Auto Leasing Market Thailand, Auto Loan Car Sales Thailand, Auto Loan Outstanding Market Thailand, Automobile Loan Market Thailand, Ayudhya Bank Auto Hire Purchase Outstanding Market, Banks Finance Market Share Thailand, Best Car Financing Options Thailand, Captive Finance Companies in Thailand, Captives Thailand Auto Finance Market, Captives Thailand Auto Finance Market Share, Car Loan interest Rate Thailand, Commercial Vehicle Finance Market Thailand, Credit Disbursed Auto Finance Market Thailand, Digitization of Vehicle Finance Market Thailand, Kiatnakin Bank Auto Loan Market Share, Leasing Market in Thailand, Light Commercial Vehicle Finance Market Thailand, Mercedes-Benz Car Finance Market Analysis, Motorbike Loan Market Thailand, Muangthai Capital Car Loan Market Share, NBFCs Thailand Auto Finance Market Size, Non Bank Auto Financial Institutes Thailand, Non-Banking Finance Companies Revenue in Thailand, Old Car Finance Market Thailand, Siam Commercial Bank Auto Hire Purchase, Thailand Auto Credit Disbursed Market Analysis, Thailand Auto Credit Market Future Growth, Thailand Auto Finance, Thailand Auto Finance Industry, Thailand Auto Finance Industry Research Report, Thailand Auto Finance Major Players, Thailand Auto Finance Market, Thailand Auto Finance Market Analysis, Thailand Auto Finance Market End User, Thailand Auto Finance Market Growth Drivers, Thailand Auto Finance Market Major Players, Thailand Auto Finance Market Outlook, Thailand Auto Finance Market Research Report, Thailand Auto Finance Market Segmentation, Thailand Auto Finance Market Tenure, Thailand Auto Hire Purchase Market, Thailand Auto Loan Market, Thailand Auto Loan Outstanding in THB Billion, Thailand Auto Loan Outstanding Market, Thailand Car Finance Market Revenue, Thailand Car Loan Market Forecast, Thailand Light Truck Finance Industry Analysis, Thailand New Vehicle Finance Market Share, Thailand Passenger Car Finance Market, Thailand Used Car Loan Market, Thailand Used Vehicle Finance Market Share, Thailand Vehicle Finance Market Analysis, Thailand Vehicle Loan Industry, Thanachart Bank Auto Hire Purchase Market, Thitikorn PCL Vehicle Loan Market size, TISCO Bank Auto Loan Market Growth Analysis, Toyota Leasing Thailand Car Loan Market Report, Truck Loan Market Thailand, Two Wheeler Loan Market Thailand, การวิเคราะห์ตลาดการเงินรถยนต์ในประเทศไทย, ตลาดการเงินรถยนต์ประเทศไทย, ตลาดการเงินรถยนต์ในประเทศไทย, ตลาดการเงินรถยนต์ไทย, ตลาดสินเชื่อรถยนต์ยอดเยี่ยมแห่งประเทศไทย, ปัจจัยขับเคลื่อนการเติบโตของตลาดสินเชื่อรถยนต์ในประเทศไทย, พยากรณ์ตลาดสินเชื่อรถยนต์ในประเทศไทย, รายงานการวิจัยอุตสาหกรรมนมและผลิตภัณฑ์จากนมถั่วเหลือง, รายรับจากตลาดการเงินรถยนต์ไทย, อุตสาหกรรมการเงินอัตโนมัติประเทศไทย, อุตสาหกรรมสินเชื่อรถยนต์ของไทย