THAILAND MOTOR INSURANCE MARKET

 

INTRODUCTION

 

The COVID-19 pandemic primarily contributed to the overall motor insurance market’s decline in vehicle sales.

 

In terms of the auto insurance industry as a whole, the sector continues to be the most affected, despite its ability to compete effectively in the digital age.

 

Due to the lockdown, there were no car purchases or sales, so the pandemic had the greatest impact on dealers and offline insurers.

 

With technology becoming more important, competition is expected to get worse. In addition, most insurers are actively developing their own technology, adopting InsurTech, or partnering with brokers on established InsurTech platforms in order to maintain underwriting efficiency and market share.

 

Companies that provide health and auto insurance are the most involved in these developments.

 

THAILAND MOTOR INSURANCE MARKET SIZE AND FORECAST

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The Thailand Motor Insurance market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

 

RECENT DEVELOPMENT

 

Bangkok Life Affirmation combined efforts with individual advance business “KTC” or Krungthai Card Public Organization Restricted and Embraces Protection Dealer Organization Restricted to grow new advertising channels for the cruiser credit assurance P Embankment. 

 

Siam City Protection changed its name to FWD General Protection Public Organization Restricted.The acquisition of Bangkok-based SCI prompted the rebranding.

 

Top companies hold approximately 60% of the market, resulting in market consolidation.In order to attract uninsured motorists throughout Thailand, insurance company Thaivivat has joined forces with telco AIS.

 

Through a one-of-a-kind product that is the first of its kind in the world, the idea is to provide a type of coverage that is affordable.

 

COMPANY PROFILE

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per Thailand Motor Insurance market right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Motor Insurance market in Thailand ?
  3. How many Thailand Motor Insurance market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  4. What is happening in the overall public, globally?
  5. Cost breakup of a Thailand Motor Insurance market and key vendor selection criteria
  6. Where is the Thailand Motor Insurance market  manufactured? What is the average margin per equipment?
  7. Market share of Thailand Motor Insurance market manufacturers and their upcoming products
  8. The most important planned Thailand Motor Insurance market in next 2 years
  9. Details on network of major Thailand Motor Insurance market and pricing plans
  10. Cost advantage for OEMs who manufacture Thailand Motor Insurance market in-house
  11. 5 key predictions for next 5 years in Thailand Motor Insurance market
  12. Average B-2-B Thailand Motor Insurance market price in all segments
  13. Latest trends in Thailand Motor Insurance market, by every market segment
  14. The market size (both volume and value) of Thailand Motor Insurance market in 2022-2030 and every year in between?
  15. Global production breakup of Thailand Motor Insurance market, by suppliers and their OEM relationship
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, 2022-2030
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
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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