Thailand Used Car Market Size - By Market Type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Thailand Used Car Market Size- By Market Type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Thailand Used Car Market Overview

According to SPER Market Research, the Thailand Used Car Market is estimated to reach USD 11.05 billion by 2032 with a CAGR of 7.28%. Thailand is predicted to become one of the used car markets with the highest potential throughout the forecast period, due to a growing consumer base and significant changes in used car purchasing habits brought on by recent health-related events like the pandemic.

Impact of COVID-19 on the Thailand Used Car Market

The Covid-19 epidemic is anticipated to fuel further growth in Thailand's used car industry. Many people have now turned to purchasing vehicles instead of using public transportation because they were worried of catching the Covid-19 virus. On the other hand, a lot of used cars are being put on the market since their owners were unable to pay their installment loans as a result of the pandemic.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Market type, By Vehicle Type, By Fuel Type, By Booking Type, By Kilometres Driven, By Age of Vehicle, By Age of Buyers

Regions covered Bangkok, East, North, NorthEast, South, West

Companies Covered Carro Thailand, Carsome Thailand, Honda Used Certified Thailand, iCar Asia (One2Car, Thaicar, Austospinn), Mercedes Certified,.

Thailand Used Car Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, Thailand Used Car Market is segmented as; 1 Ton Pickup, Hatchback, MPV/HPV/Mini MPV, Sedan, SUV.

By Region: Bangkok has a greater concentration of used cars than other areas because of its higher purchasing power. Due to significant economic growth brought on by expanding cross-border trade and the presence of special economic zones, the North-eastern area has the second-highest number of used automobile sales in the country.