Increased usage of online platforms and technologies in auto financing are some of the key trends in Thailand’s Auto Finance Market: 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 Government investment and growth in online retail and logistics created a greater demand for commercial vehicles in the country, where the Auto finance market of Thailand has seen some major growth in the share of commercial vehicles post covid-19. Decline in Growth Rate: Since people purchasing power decreased due to the epidemic, there has been a dip in the market for new and used cars, which has negatively impacted Thailand’s auto finance industry. Due to the COVID-19 pandemic, vehicle loans have been disrupted for a number of reasons, including a decrease in the number of chips required for mass-produced automobiles. The fact that a new car was a depreciating asset made the purchase seem less significant. Moreover, Thailand’s major cities provide affordable, quick public transportation. Post-Covid Recovery, Road Expansion, and Development: Sales in the automotive sector were impacted by COVID-19 and the work-from-home culture. However, as offices reopen and business activity picks up in the nation in 2022, sales start to increase. Private vehicle demand in the nation increased as a result of road construction and infrastructure expansion. Increased automobile sales in the nation are also a result of the people’s improved economic situation. Good economic conditions and rising consumer spending power made new automobiles more affordable for more people, which fueled the country’s auto market’s expansion. To learn more about this report Download a Free Sample Report Automotive Policy in Thailand: Thailand has supported EVs by lowering import tariffs on EV vehicles ranging from 0 to 40% until 2023, depending on the size of the engine. The Thai government adopted a set of incentives, including tax breaks and subsidies, to encourage the use and production of electric vehicles (EVs) between 2022 and 2023. Confusing and time-consuming terms and conditions: For a salesman and customer to successfully complete an average vehicle loan application in Thailand, a significant amount of paperwork is frequently needed. Consumers frequently perceive the conditions of their auto finance to be complicated and time-consuming since they have trouble understanding loan elements during loan discussions. The greatest barriers to poverty and inconsistent income are found in rural Thailand. The monthly budget may be stretched by making monthly auto finance payments. Analysts at Ken Research in their latest publication “Thailand Auto Finance Market Outlook to 2026F– Driven by Road Infrastructure Development and Economic Growth in the Country” observed that the Auto Finance market is an emergent market in Vietnam at a rebounding stage from the economic crisis after the pandemic. The immense infrastructural development projects in the country, partnerships, and mergers with other banks along with the adoption of digitalization are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.4% CAGR during 2021-2026F owing to the increasing purchasing power of consumers, adoption of EVs, and new government policies. Key Segments Covered Thailand Auto Finance: By Type of Vehicle financed New cars Used cars Motorcycles By Distribution channels: Banks & Subsidiaries NBFC’s Captives By Type of Financing: Passenger Vehicles Commercial Vehicles. By purpose type: Loans Lease By Tenure of the loans: 1 year 2 years 3 years 4 years 5 years and above. Key Target Audience Banks and their Subsidiaries NBFCs Captive Finance Companies Government and Institutions Automobile Companies Car Dealers Government and Institutions Existing Car Finance Companies OEM Dealerships New Market Entrants Investors Automobile Associations Time Period Captured in the Report: Historical Year: 2016-2021 Base Year: 2021 Forecast Period: 2021– 2026F Companies Covered: Banks and Subsidiaries TMBThanachart Bank Ayudhya Bank Siam Commercial Bank TISCO Bank Kiatnakin Bank Kasikorn Bank Others (Including ICBC Bank, Citi Bank, Bangkok Bank, and Krungthuri Bank) Captives Toyota Leasing Thailand Honda leasing Mercedes-Benz leasing BMW Financial Services Others NBFC’s Muangthai Capital Asia Sermkij Leasing Nakhon Luang Capital Limited Thitikorn Summit Capital Group Lease Aeon Thana Sinsap G Capital Public Limited Others (Thai Ace Capital, SGF Capital, JMT Network, Phatra Leasing Company, Mitsib Leasing) Key Topics Covered in the Report Thailand Automotive Market Overview Thailand Automotive Finance Market Overview Ecosystem of Thailand Auto Finance Market Business Cycle and Timeline of Thailand Auto Finance Market Thailand Auto Finance Value Chain Analysis Market Sizing Analysis of Thailand Auto Finance Market, 2016-2021 Thailand Auto Finance Market Segmentation (By Type of Vehicle Financed, By Distribution Channel, By Tenure Loan, By Purpose Type, By Type of Motor Vehicle), 2021 SWOT Analysis of Thailand Auto Finance Industry Trends and Developments in Thailand Auto Finance Industry Decision Making Parameters for Selecting Car Loan Vendor Issues and Challenges in Thailand Auto Finance Industry Growth Drivers of Thailand Auto Finance Market Government Regulators and Initiatives in Thailand Auto finance Industry Competition Framework for Thailand Auto Finance COVID-19 Impact on Thailand Auto Finance Market Future Outlook and Projections of Auto Finance Market in Thailand, 2021-2026F Market Opportunities and Analyst Recommendations For More Information on the research report, refer to below link: – Thailand Auto Finance Market Related Reports by Ken Research: – Singapore Auto Finance Market Outlook to 2025 Egypt Car Finance Market Outlook to 2021 Philippines Auto Finance Market Outlook to 2024 Post Views: 18 Tags: Auto Finance Indiustry, Auto finance Interest Rate in Thailand, Auto Finance Market, auto loan market, Auto loan market Thailand, auto refinance market, Auto-financing market in Thailand, Automobile finance sector in Thailand, Automotive Finance Industry, Automotive Finance Market, Ayudhya Bank Car Finance Market, Challenges in Thailand Auto Finance Market, Competitors in Thailand Auto Finance Market, Consumer Automotive Financial Services in Thailand, Digitalization in Thailand, E-platform players Thailand Auto Finance Market, Emerging Players in Thailand Auto Finance Market, Fin-tech companies in Thailand, Financial Institutions in Thailand, Investors in Auto Finance Market, Kiatnakin Bank vehicle loan Market Analysis, Leading Players in Thailand Auto Finance Market, Lending banks in Thailand, Major players in Thailand Auto Finance Market, New Auto Finance Market Thailand, New players in Thailand Auto Finance Market, Number of multi-finance companies Thailand, Online Auto- Finance Market in Thailand, Siam Commercial Bank auto finance Market Share, Startups in Thailand Auto Finance Market, Thailand Auto accounts Market, Thailand Auto Banking Market, Thailand Auto Finance Industry, Thailand Auto Finance Industry Outlook, Thailand Auto Finance Lenders, Thailand Auto Finance Market, Thailand Auto Finance Market Trends, Thailand Auto Finance Sector, Thailand Auto Investment Market, Thailand auto loans Market, Thailand Auto Market, Thailand auto refinance market size, Thailand Automobile banking Market, Thailand Automobile loan market, Thailand Automotive Loan Industry, Thailand Automotive Market, Thailand commercial vehicle Loan Market, Thailand fin-tech loan Market, Thailand fin-tech Market Startups, Thailand fin-tech sector, Thailand Finance Automobile Industry, Thailand International Commercial Joint Stock Bank, Thailand motor vehicle Loan Market, Thailand Online Auto Finance Market, Thailand passenger car Loan market, Thailand passenger vehicle Loan Market, Tien Phong motor vehicle Loan Market, TISCO Bank Car loan Market Revenue, TMBThanachart Bank auto finance Market, Used Auto Finance Market Thailand, Vehicle financed Companies in Thailand, Vehicle financing Market in Thailand, Vehicle Loans Market, Venture Capital Firms in Thailand