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Results for "Auto-Hire-Purchase" found 265 items
Updated the key Industry Indicator: Auto Hire Purchase in each industry.By Talublugkhana Thanadhidhasuwanna
The growth trend will slow down between 2020 and 2022 due to the slowdown in consumer purchasing power following the economic conditions.
Has played an important role in the Thai economy continuously and has grown in line with the domestic automobile industry
Periodic chip shortages have continued to drag on auto supply chains, in particular on the OEM market. The Thai auto parts industry thus grew at a slower pace through 2022. The situation will remain somewhat unfavorable through 2023 and a combination of a global slowdown, which will adversely affect consumer demand, and a continuation of US-China tensions, which are impacting chip production, will mean that auto parts manufacturers will see only sluggish growth in the year. However, conditions should improve in 2024 and 2025
In 2020, the Thai auto parts industry is likely to contract in line with the automotive manufacturing industry. Effects of the COVID-19 virus outbreak
The Thai auto parts sector is forecast to see continuing growth through the period 2019-2021 on annual increases in domestic demand of 0-5%. This demand will be both for parts used in the assembly of new automobiles and motorcycles (the OEM market) and for spares and replacement parts (the REM market), demand for which will expand in step with the increasing size of the national vehicle fleet.
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