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Domestic motorcycle demand in 2019-2021 is expected to expand gradually in line with the expected economic growth

From 2025 to 2027, the number of motorcycles produced in Thailand is expected to rise by 1.5-2.5% annually due to growth in both the domestic and export markets./ Domestic sales are forecast to rise by 1.5-2.5% per year, /motorcycle export volumes are anticipated to grow at an average annual rate of 1.0-2.0%, despite the impact of increased U.S. tariffs

Updated the key Industry Indicator: Motorcycle in each industry.By Wanna Yongpisanphob

The global motorcycle market is concentrated in Asia Pacific countries, accounting for 80% of the global annual sales volume

Updated the key Industry Indicator: Motorcyclein each in dustry.By Wanna Yongpisanphob

Electric Motorcycles: Challenges and Pathways for Industry Transformation

Overall, Thailand’s automotive parts production is projected to expand by 1.5–2.5% per year over 2026–2028. This growth is driven mainly by increased manufacturing capacity for electric vehicle (EV)

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.

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

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