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Market Research Report

Thailand Two-Wheeler Market Report | 2021 Edition | 2019-2035 | Industry Analysis

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Thailand Two-Wheeler Market Overview

Thailand Two-Wheeler Market is projected to grow at a CARG of 10.00 % during the year 2019-2035. The major factors influencing the growth of the market are the consumer spending power, increase in population, increase in registration of new motorcycles and release of new models in the country. The Federation of Thai Industries declared that new vehicles production in October showed a decline of 22.50%, i.e. 1, 52,787 unit’s year on year. January to October production went down by 4.20% to 1,725,414 units. Vehicle exports in October were down by 8.30% to 85,552 units resulting in lower shipment in all regions except Asia, Middle East and South America. The export was valued to be THB 46.10 billion.

Economic Environment

The expansion of Thai economy was very weak for nearly five years due to an uncertain global economic outlook which retarded the domestic investment plans. Agricultural output was also affected due to a prolonged drought despite these odds private consumption growth was strong due to low-interest rates and subdued inflation. If the drought persisted then the income of farmers would be reduced. The Q3 data showed that growth was recovering due to rebounding of exports in July and Imports posting the first expansion in the six months. Due to lower domestic demand economic growth was losing its speed. The challenging external environment and a stronger currency dragging on exports and tourism. The high government expenditure and the household unit’s debts make the outlook lazy.

Market Trend 2019

The Thai Ministry of Transportation released a data showing moderate decline in the motor cycle market. The sales in the first eleven months had been 1.605.560 down by 2.8 %. November figures were 135,532(-6.90%).Huge differences can be seen in a single brand performance. Honda, the market leader showed a decline in double digit (10.60%) , Piaggio was gaining (+19.20%) , Harley Davidson (+147.00%).BMW reported -19.10% stallions -50.70%, Ducati -41.20% and KTM -77.70% as all of them were expected to suffer more due to the introduction of a new tax structure. The excise department of Thailand was working on a plan to adjust tax for the new “Big Bike” motorcycles, which would depend on CO2 emissions. An increase of 100000 bhat was expected for these “Big Bike”. Tax was expected to rise from 3-18%. If the price of the Big Bike was 1 Million Bhat 90,000 bhat tax could be applied depending upon CO2 emissions.

Global Production Hub

Thailand ranks 5th in the production of motorcycles. Its production capacity is 2.00 million. Under the CKD system in 1967 Thailand started motorcycles manufacturing. The four stroke engine was promoted by Thailand to reduce emission problem of the four stroke engine. The production increased to 1.75 million units annually. The development of the country resulted due to sales of motorcycles with the introduction of Free Trade Agreements. The result was the cancellation of Industrial protection measure .The industry evolved according to the global demands, acquiring new technologies and adopting rules for safety and emissions. Today there are seven motorcycle manufacturers in the Thailand producing 3.00 million units per year. Honda, Yamaha, BMW, Triumph, Suzuki and Ducati are the main manufacturer’s .Manufacturers is located in the central and eastern regions because of nearness to the seaports which makes export easier. Thailand exports USD 1.50 billion two-wheelers (5.20%).

Thailand Two-Wheeler Market Segmentation

By Vehicle Type

  • Motorcycles
  • Scooters
  • Mopeds
  • Electric Two-Wheelers

By Fuel Type

  • Gasoline
  • Electric
  • Petrol

By Sales Type

  • Individual Sales
  • Institutional Sales

By Region

  • Northern Region {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • North East Region {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Bangkok {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Rest of Thailand {Market Share (%), Market Size (USD Billion), Sales (Million Units)}

We conducted interviews with the Thailand Two-Wheeler Market Manufacturers, OEMs, Aftermarket Players, Brands, Component Manufacturers, End-User Industries, Distributors, Traders, Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Highlights: Thailand Two-Wheeler Outlook, 2019-2035 (2021 Edition)

The report includes Thailand Two-Wheeler Manufacturers, OEMs & Distributors Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Distribution Model Analysis, Competitive Analysis, Opportunity Analysis.

  • Market Data Outlook: Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Thailand Two-Wheeler Industry and further it bifurcated into Countries, 2019-2035
  • Sales Outlook: By Vehicle Type, By Distribution Channel, By End User Industry Type, By Countries (Value & Volume), 2019-2035
  • Data of Manufactured & Registered Vehicle: By Vehicle Type, By Distribution Channel, By End User Industry Type, By Countries (Value & Volume), 2019-2035
  • Manufacturing/Production of Vehicle: By Vehicle Type (OEMs & Contract Manufacturers), Production Data (By Vehicle Type, By Countries), Manufacturing Capacity, Operational Margins, Profit Margin, Distribution Analysis, etc., 2019-2035
  • Thailand Two-Wheeler Industry Outlook: Vehicle Expenditure, Transportation & Manufacturing Reforms, Manufacturing Facilities, Govt. & Private Investments, R&D, (Current & Future Outlook), 2019-2035
  • Regulatory Framework & Approvals Outlook: Regulatory Framework for Two-Wheeler, Govt. Initiatives & Programs, Manufacturing Framework & Regulations, Import Framework, Regulations & Policies, etc.
  • Competitive Outlook: Players Financial Analysis, Marketing Strategies, Ranking Index, Product Portfolio, Pricing Analysis, List of Customers, Competitive Advantage, etc. Company Profiles, SWOT Analysis of Each Player, Recent News & Developments of Each Player, Merger & Acquisitions, etc.
  • Two-Wheeler Aftermarket & Components Outlook: Aftermarket Analysis, Components Sales Outlook, Aftermarket Sales Outlook, Engine and Parts Manufacturers, etc, 2019-2035
  • Market Dynamics: Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, Regulations, Investments, Research & Development, 2019-2035
  • Trade Data of Two-Wheeler (Export & Import): By Each Segment, By Countries, (By Value & Volume), 2019-2035
  • Target Analysis: Target & Potential Markets, By Major Countries
  • Risk Analysis: Supply & Demand Analysis, 2019-2035

The study provides an in-depth analysis of current and future trends to elucidate the imminent investment pockets in the market.

  • Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
  • Quantitative analysis of the current market and forecast from 2019-2035 is provided to showcase the financial competency of the market.
  • Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
  • Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
  • Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment-related factors.

Trends, Drivers & Opportunity to Market Growth

Growth Drivers and Market Challenges

Increasing global trade also acts as a major factor for rising growth in world commercial distribution systems, which has also increased the global competition amongst the automobile manufacturers. Thailand being the global production hub for the auto industry. The world's leading automobile manufacturers continue to invest into production facilities in emerging markets in order to reduce production costs and therefore rise in profits. Due to sharp competition and changing customer demand, product development process advances have been more significant than changes in product demand. The stiff competition of Japanese products is the major driving force for the domestic brands. Two-and-Three-wheeler mobility depends on affordability, maneuverability, and door-to-door accessibility. Increasing numbers of people in both developed and Low and Middle Income Countries (LMICs) are choosing to use Powered Two Wheelers (PTW). To secure safe and sustainable use of this low-polluting and low-congesting mode of personal mobility, transport planning policies at all levels must integrate Powdered Two Wheelers use and recognize the benefits of Powered Two Wheelers in society, business and emergency transport.

In particular, motorcycle sales in Thailand will be driven by:

  • strong economic growth and improving living standards
  • additional government investment in rural communities
  • overcrowding issues that render regional public transportation difficult to use
  • The inability of most households to afford conventional automobiles.

An area in which Thailand is undergoing a transition that may underlie the observed changes in the road crash death rate and which may be amenable to intervention is the process of urbanization. With high density living, road user speeds necessarily reduce and thereby impart a substantial safety benefit. An area of transition, improvements in ambient risk culture and practices attributable to improved health, education and income of individuals, and improved quality and safety of purchased vehicles and built environments.

Market Trends and Market Opportunities

Thailand the demand for big bikes is starting to grow although the market is still very small. Within 10-15 years, the Thailand market could also become a big-bike market. As automobile industry is becoming more and more standardized, the level of competition is increasing and production base of most of auto-giant companies are being shifted from the developed countries to developing countries to take the advantage of low cost of production. Thus, many developing countries are making serious efforts to grab these opportunities which include many Asian countries such as Thailand, China, India and Indonesia. The rising competition and increasing global trade are the major factors in improving the global distribution system and has forced many auto-giants such as General Motors, Ford, Toyota, Honda, Volkswagen, and Daimler Chrysler, to shift their production bases in different developing countries which help them operate efficiently in a globally competitive marketplace.

Incentives for NGV Vehicles

Thailand’s Ministry of Energy supports fuel-efficient transportation through a natural gas vehicle (NGV) initiative. This initiative includes the introduction of over 10,000 natural gas-powered taxicabs, natural gas subsidization, a reduced import duty on NGV tanks from 17 percent to 10 percent, and a reduced import duty on NGV control system parts and components from 35.00 to 10.00 percent.

Incentives for E85

The Ministry of Finance is offering three-year exemptions on import duties of foreign auto parts used to make vehicles E85-ready (85.00 percent ethanol, 15.00 percent gasoline). The Ministry has also reduced the excise tax on cars using E85 to 22.00, 27.00 and 32.00 percent, depending on engine size. Thailand offers great investment potential as a leading automotive production base in the Association of Southeast Asian Nations (ASEAN) – a fast developing region for automotive manufacturing.  Over a period of 50 years, the country has developed from an assembler of auto components into a top automotive manufacturing and export hub. With shipments bound for more than 100 countries, Thailand is the 13th largest automotive parts exporter and the sixth largest commercial vehicle manufacturer in the world, and the largest in ASEAN. By 2020, Thailand aims to manufacture over 3500000 units of vehicles to become one of the top performers in the global automotive market.

Growing Hub for Green Vehicles

The global demand for green vehicles is growing. Internationally, the number of electric vehicles (EVs) is projected to rise to 35.00 percent of all vehicles by 2040. Though Thailand is moving towards production of more fuel-efficient vehicles, the popularity of EVs is still low in the country; sales of hybrid petrol-electric cars or plug-in hybrid cars in Thailand accounted for just one percent of total auto sales in 2015. To help spur the industry, the Thai government is actively promoting and attracting foreign manufacturers to use Thailand as a base for the production of green vehicles in the region. Thailand’s Board of Investment (BOI) offers generous tax incentives to both auto manufacturing and auto parts industry in the country.

Based on vehicle type, the market has been categorized into motorcycle and scooter/moped segments. In 2017, the motorcycle segment dominated the market and is estimated to dominate the market over the next five years as well. In 2017, exports of motorcycles had shown remarkable growth and a favorable increasing trend in the Thailand Two-Wheeler value market. Moreover, growing technological advancements and increasing research and development drives the Thailand Two-Wheeler market in the country. The leading players in the Thailand Two-Wheeler market are Honda Motors, Kawasaki Motors, Yamaha, Suzuki, Ducati, among others.

Merger & Acquisition

Players Specific Data (Product Launch, international or domestic players dominance, Sales Distribution, etc.)

Product Launch

Honda plans to introduce 10 new motorcycles in the domestic market over the next two years through its official motorcycle distributor in Thailand – AP Honda Co. While five of the 10 model will be brand-new, the others will be variants of existing models. The Japanese bike manufacturer currently enjoys dominant leader status in Thailand with sales of 1.35 million units out of 1.68 million units sold in the overall market. The first new motorcycle to roll out will be the Honda MSX125SF, a mini sports bike. Research after the analysis shows that the domestic motorcycle market remained rather static last year, with total sales of 1.68 million units, or a 1% drop from the previous year. Honda sold 1.35 million units, maintaining our market leadership for 27 consecutive years. A factor that has made the domestic market static is Thailand already has a large number of motorcycle users while the economy doesn’t see positive influence to boost the purchase. However, the big bike category is still growing, thanks to the high-end consumers in the city. Sales last year reached 19,000 units, a 20.00% increase. Honda sold about 6,900 units, or a 26.00% increase,” said Nobuhide Nagata, president of AP Honda Co. “The big bike wasn’t the only category that is growing, but also other high-end motorcycles and hobby bikes that offer emotional values. It’s clear that contemporary Thai users do not only buy motorcycles as a vehicle for commuting, but also to have fun experiences and also to reflect their social status. In 2016, about USD 1.70 million motorcycles are likely to be sold with Honda’s share being 1.35 million units. In the big bike category, Honda expects to sell 10,000 units out of 25,000 units in the overall market. The new Honda MSX125SF is targeted at young riders looking for a flexible bike to ride in the city. The MSX125SF comes with a 4-stroke, 125cc engine, PGM-FI technology and air-cooled system. Yamaha has confirmed that it will be launching new products in Thailand on 17 August 2019. The Japanese manufacturer will be unveiling these at the Big Motor Sale 2019. We can expect one of these new products to be the rumored Yamaha XSR155. Based on the Yamaha MT-15, the Yamaha XSR155 will be the latest entrant to the brand’s Sports Heritage line-up. The retro-styled café racer is expected to get a familiar teardrop-shaped fuel tank and a circular LED headlamp seen in the XSR700 and XSR900. That’ll be different from the slightly side-mounted unit seen in the XSR900 and XSR700. The Yamaha XSR155 will carry forward the delta box frame from the Yamaha MT-15 and Yamaha R15 v3.0. If Yamaha introduces the XSR155 to India, it will have to make several changes to keep costs under check.

International and Domestic Players Dominance in Two Wheelers Market

As in the recent past, Japanese automotive giant Honda dominated the Thai motorcycle market in the first five months of 2017, selling 584,769 units. However, the figure dropped by 3.68 percent from 607, 128 units sold over the same period in the previous year. Closest competitor Yamaha, however, managed to register a growth of 3.2 percent from 113,477 units sold during January-May 2017 to 117,109 units sold between January and May this year. On the other hand, the sales of another Japanese automotive major, Suzuki fell by 14.83 percent with only 8,516 units sold in the first five months of 2018 compared to 9,999 units sold over the same period last year. Kawasaki, another important Japanese player, however, registered a 3.72 percent growth selling 8,151 units in January-May 2018 as against 7,859 units sold over the same period in 2017.The only major Thailandan player in the market, Italian manufacturer Vespa registered a significant 29.13 percent rise in sales, with 7,504 units sold. The company could sell only 5,811 units in the same period last year. On the other hand, local Thai brand, GPX continues to register steady growth with 14,155 units sold in the first five months of 2018. This was a 15.28% growth from the 12,279 odd units sold over the same period last year. According to the Federation of Thai Industries, Thailand’s motorcycle market is expected to maintain near status quo, with 1.8 million units projected to be sold in 2018, a figure that is at par with the previous year’s sales. Industry insiders have attributed this to the static purchasing power of the country’s low-income workers, who form the main customer base for Thailand’s motorcycles.

Thailand stands 5 th in the production of motorbikes with a capacity of 2.00 million after China (23.00 million units), India (20.00 Million units ),Indonesia (8.00 million units) and Vietnam (3.00 million units).The first manufacturing unit was started by Thailand in 1967 under the CKD system. The four stroke engine was promoted by Thailand in place of the two stroke engine to reduce the emission problems which boosted the production of 1.75 million units annually. The rise in sales of motorcycles boosted the development of Thailand representing the first device of personal mobility. With the introduction of free trade agreements resulted in cancellation of industrial protection measure, export evolution according to the global demand. New technologies were adopted as well as state of art rules for safety and emission. Honda, Yamaha, Suzuki and Ducati are the main seven manufacturers in Thailand located mainly in the Central and Eastern regions due to vicinity of seaports for exports of those CBU’s. The automotive industry of Thailand has a vibrant OEM in foreign original equipment manufacturing as well as supporting industries. With the expansion of their manufacturing base, new research and development (R&D) departments are being set up to give better services to their customers. Japanese automakers dominate Thai automotive industry as it made Thailand as its production base of one ton pickup trucks and eco cars for export whereas America and Thailand are manufacturing large luxury cars. Thailand thus has great potential as a leading automotive production base in ASEAN (Association of South East Asian Nations).The country has developed from an assembly of auto components into a top automotive manufacturing and export hub in 50 years. Thailand is the 13 Th largest automotive exporters with its shipments bound for 100 countries. It is the 6th largest commercial vehicle manufacturer in the world in 2020.Thailand aims to become one of the top performers in the global automotive market by producing 3500000 units. The country has made a place for itself in the world as a leading automaker, assembler and component manufacturer about 2 million vehicles are produced in Thailand under the brand name of Toyota , Isuzu, Honda, Mitsubishi , Nissan and BMW. Produce about two million vehicles per year .Most of the manufacturers and suppliers of parts are located in Bangkok , Ayutthaya, Pathum, Thani , Samutpra Karn, Prachinburi , Chonburi and Rayong as from there is easy to reach the markets of ASEAN, China and India.

Two Wheelers Market: Sales Distribution Data

According to data released by the Thai Minister of Transportation, the domestic motorcycles market in Thailand is moderately declining in the 2019. Indeed in the first eleven months of the year sales have been 1.605.560, down 2.80%, with November figures at 135.532 (-6.90%).If we look at the single performance of one , huge difference are in place. Indeed, while after the first six months of the year, the market leader, Honda is declining in double-digit (-10.60%) while just few players are gaining, like Piaggio (+19.20%) and Harley Davidson (+147.00%). most of the competitors are performing really below expectations, including BMW reporting a -19.10%, Stallions -50.70%, Ducati -41.20%, KTM -77.70%.In the next months the market could be dramatically changed for the premium brands, with Harley-Davidson, Ducati and KTM heavily penalized by the introduction of a new tax structure. Indeed, Thailand’s Excise Department is working at the plan to adjust tax for new “Big Bike” motorcycles, based on CO2 emissions. The new rate could be increased to almost 100,000 baht for a high-powered motorcycles. The current tax rate calculation is based on engine sizes, which represent 2.50-9.00 percent of the purchase value. The new rate if imposed will be increased to 3-18 per cent. With the new rate, if a big bike motorcycles costs one million baht, an additional 90,000 baht tax could be applied. Depending on its CO2 emission. Toyota has vehicles sales of 26619 units and market share is 34.50%, Honda has a sales of 9709 and market share of 12.60%.

Thailand Motorcycle market was expected to decline moderately in 2019. Sales had been down by 2.80% during the first eleven months sales had been 1.605.560 units .The November figures were 135.532(-6.90%)but the market suddenly changed course for the premium brand like Harley Davidson, Ducati and KTM due to introduction of the new tax structure. This year 2018 showed the domestic sales of 1.78 million unit’s two wheelers. The month of November showed a decline of 16.20% due to strictness in auto loan approval. January to November sales were 918,267 units by 1.10%.Sales of Toyota declined to 27,139 units to 11.70%, Isuzu was down by 12.80%, 14,629 units .Honda slid by 11.70% i.e.27.139 units to .8.892 units in 2018. Mitsubishi sales went down to 12.60% i.e.6390 units and Nissan  was down by 24.50% to 5.011 units. It was announced by the Federation of Thai Industries (F.T.I) that in November the production of new vehicles was 154,088 units which was declining by 21.80% every year .The production of vehicles reduced by 5.90% to 1879502 units.  In October vehicles sales in Thailand dropped to 11.30% and production were down by 22.50%.It clearly shows a decline of 11.30% year on year in October to 77,121 units. In October 2019 sales declined for the 5th month in a row due to strictness in auto loan approval as well as flooding in September. The sales from January in October went up by 0.70% to 838,968 units. Sales of different brands as follows. Toyota sales went down by 8.20% to 26,619 units; Isuzu was down by 12.10% to 11,860 units. Honda was down by 11.60% to 9709 units. Mitsubishi sales went up by 5.10% to 7058 units. Sales of Nissan went down by 13.50% to 46,794 units.

Thailand - Production and Sales of two-wheeler vehicles
Category October 2019 Growth (%) Jan-Oct 2019 Growth (%)
Production 152,787 -22.50 1725,414 -4.20
Domestic Sales 77,121 -11.30 838,968 0.70
Export 85,552 -8.30 906,653 -4.80


Rank Two Wheelers July 19 July 18 Growth % Difference %
1. Hero MotoCorp 5,11,374 6,63,283 -22.90 -2.68
2. Honda 4,55,036 5,08,589 -10.50 2.11
3. TVS 2,08,489 2,47,042 -15.60 0.20
4. Bajaj Auto 1,70,978 2,01,433 -15.10 0.22
5. Suzuki 62,365 53,321 17.00 1.19
6. Royal Enfield 49,182 67,001 -26.60 -0.43
7. Yamaha 47,918 69,097 -30.70 -0.63
8. Piaggio 5,893 6,388 -7.70 0.04
9. Kawasaki 218 145 50.30 0.01
10. Harley Davidson175 175 264 -33.70 0.00
11. Triumph 38 50 -24.00 0.00
12. Mahindra Two wheelers 26 332 -92.20 -0.02


Motorcycles and motor scooters are arguably the most popular and common modes of transportation in Thailand as they are inexpensive and fuel efficient. In 2003, Honda has a 70.00% market share of the Thai motorcycle and motor scooter market and Yamaha has 12.00 percent. In 2004, Yamaha sold 340,000 units in Thailand up from 27.00 percent from year before. These days’ motor scooters from China are more common sights but most Thais prefer Japanese-made ones for their reliability. Motor cycle exports grew up by 18.61% as the number in the period stood at 24,12,800 units as against exports grew by 18.61% as the number in the period stood at 24,12,800 units as against 20,34,250 units in the corresponding timeframe last fiscal. Scooter sales grew by 26.67% to 3, 32,197 units as against 2, 62,253 units a year ago. Mopeds saw a 12.30% increase in exports as the number grew to 14,938 units, against 13,302 units a year ago. Royal Enfield recorded negative sales for three consecutive months in the domestic market, but its exports saw an increase after the launch of the new 650 Twins. Last month, the exports rose by about 9.00% as the company shipped 1,829 motorcycles in January 2019 as against 1,673 units in the same month the previous year. Motorcycles exports markets in 2013 was 935,747 units and in 2012 was -856,935. Domestic sales was 2,004,498 and in 2012-2,130,067.Production was 2,218,625 in 2013 and in 2012 was 2,606,161.

Honda is also committed to its new distribution channel, Cub House, which has teamed with Mudman Plc., the MAI-listed restaurant operator, to open 10 cafe locations in 2018, including the first branch in the Ekamai area by the end of March. Although the Thai motorcycle market may be smaller than the Indonesian or Vietnamese markets in volume, in terms of quality and strategy Thailand plays a big role as major motorcycle manufacturers have all pinned their hopes on the country with continuous investment to expand production and set up R&D centres.Many are of the opinion that the Thai motorcycle market has reached a stage of saturation, but it has not lowered competition among manufacturers. On the contrary, the competition is as fierce as ever despite the small number of major players compared to the automobile market. In January, motorcycle sales in Thailand grew by as much as 20 per cent compared to the same month last year, with growth experienced in every segment. AP Honda was sued by Kawasaki and Thai Suzuki Motor for pressuring its dealers to carry Honda motorcycles exclusively. This is a case that is being closely followed, since Honda has been the market leader for as long as 25 years. Honda’s fuel-injection engines are highly accepted by Thai consumers while heavy marketing has been carried out for every model. Honda has also been involved in relations marketing among customers and dealers, which also led to the marathon case it is facing. Last year, Thai motorcycle sales hit 2.13 million – up 6.00 per cent compared to 2011 figures. Honda motorcycle sales alone reached a record 1.485 million – up 7 per cent compared to the previous year. This is the second consecutive year that Honda has broken its sales record. Its market share is 70 per cent, up 1.00 per cent. Honda has now accumulated sales of more than 20.00 million units in Thailand, which is the fourth country in the world to do so after Japan, India and Indonesia.

Thailand government is planning to bring in new rules and is putting speed restrictions on big bikes. The Deputy Permanent Secretary for Transport says that there are new rules being introduced for big bikes and including a ban on lane splitting and lower speed limits in built up areas. Lane splitting is the practice of riding between the vehicles with the Transport Ministry saying that riders of big bikes will have to remain behind vehicles that are stopped at traffic lights. Big Bikes will also be limited to 80 kilometers an hour in built in communities for safety reasons. Riders will also need to take big bike test which will simulate hazardous situations and test their reactions. Foreigner tourists who rent bikes will need to produce driving licenses that proves them to ride a big bike. New measures are going to be finalized in the next few days before approval.

Competitive Landscape of Thailand Two-Wheeler Market

  • TVS
  • Bajaj Auto
  • Suzuki
  • Royal Enfield
  • Kawasaki Motors
  • Honda Motors
  • Yamaha, 
  • Ducati, 
  • Triumph, 
  • Harley Davidson, 
  • Piaggio, 
  • Ryuka 
  • BMW, 
  • Bajaj Auto Ltd. etc.

COVID-19 impact on "Thailand Two-Wheeler Market"

The report analyses and includes a complete detailed chapter of 50-70 pages about the short-term & long terms impact of COVID-19 outbreak on each segment of "Thailand Two-Wheeler Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, the impact of the virus on leading companies, the expected demand schedule and supply chain in the industry, and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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Key questions answered in this research report

  • What is the total market size by 2035 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

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  • Thailand Two-Wheeler Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
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Thailand Two-Wheeler Market Report | 2021 Edition | 2019-2035 | Industry Analysis

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