Thailand Electric Bus Market 2022-2027

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    THAILAND ELECTRIC BUS MARKET

    INTRODUCTION

    Thailand’s government has set a goal of being a regional hub for 3,000 electric public buses by 2025, according to the Association of Southeast Asian Nations (ASEAN).

     

    Thailand as well as South Korea have partnered up to produce electric buses in Thailand, lowering bus costs and helping the sector grow.

     

    Infographic: Thailand Electric Bus Market, Thailand Electric Bus Market Size, Thailand Electric Bus Market Trends, Thailand Electric Bus Market Forecast, Thailand Electric Bus Market Risks, Thailand Electric Bus Market Report, Thailand Electric Bus Market Share

     

    Thailand’s Nex Point, an electric bus manufacturer, is predicted to have a successful year in 2022 as a result of the government’s strategy of replacing outdated fossil fuel-powered buses with electric buses.

    THAILAND ELECTRIC BUS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 11 electric buses to ply two Bangkok routes in pilot project Electric Vehicles Thailand Plc (EVT) will provide free rides to Bangkok commuters on two routes with eleven electric buses. Thailand This would enhance better Technological Controls
    2 Nex Point set to make a profit as electric bus sales expand After years of deficits, hopes to shift from red to black on its balance sheet this year as sales of electric buses increase. Thailand This would enhance better Technological Controls
    3 Thai Energy Pioneer Pivots to Electric Buses in Green Push To capitalise on expanding demand, Thailand’s Energy Absolute Pcl is moving its electric-vehicle strategy away from passenger vehicles and toward buses, trucks, and trains. Thailand This would enhance better Technological Controls
    4 Thai Energy pioneer is planning to focus on electric buses deal The Absolute Energy PLC is part of the strategy focusing on electric bus and Electric motor based vehicles into the market Thailand This would enhance better Technological Controls

    COMPETITIVE LANDSCAPE

    Transportation is an important contributor of greenhouse gas (GHG) dioxide emissions. Mobility accounting for over one-quarter of all energy-related Greenhouse gases, according with United Nations Environment Program (UNEP), as well as being a major source of urban and regional environmental pollution.

     

    The key drivers of the Southeast Asian electric bus market are the growing need to reduce dependence on conventional fuels, minimise GHG emissions, and manage pollution levels.

     

    TEV is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The primary assembly plant is in Thailand’s Ratchburi province’s Banpong district. With our staff’s experience, the TEV facilities can manage bus assembly.

     

    Instead of purchasing internal combustion engine buses, the Bangkok mass transport authority could purchase electric city buses, which should be constructed in Thailand and where the bus price is determined by the local content percentage.

     

    Absolute Energy has been one of the most advanced solution provider in the used car requirements. As it ramps up its EV business, it plans to debut battery-powered trucks in the second part of this year.

     

    The company’s momentum will be maintained by diversifying into EV technologies, as the adder tariff provided to the company’s solar and wind farms will begin to expire this year, according to Vasu Klomkliang, EA senior vice-president for strategy development and investment planning.

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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