Thailand's Growing Economy Positively Impacts its Automotive Industry and the Steering Systems Market

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c58059) announces the addition of Frost & Sullivan’s new report Thailand Steering Systems Market to their offering.

This Frost & Sullivan research service, titled 2006 Thailand Steering Systems Market, provides in-depth information on market dynamics, forecast, competitive dynamics and Thai industrial policies. In this research, Frost & Sullivan's expert analysts thoroughly examine the Thai passenger car market.

The automotive industry in Thailand is one of the major industries in the country contributing substantially to its gross domestic product (GDP). "Most of the global automotive players, particularly the Japanese companies have assembly and/or manufacturing plants in Thailand," according to the analyst. "With considerable support in terms of incentives and subsidies from the Thai Government and related institutions, Thailand is expected to emerge as 'the Detroit of Asia Pacific’."

The automotive industry in Thailand is also focused on exports. Thailand exports vehicles to countries such as the United Kingdom, the United States, Australia, as well as to Middle East and several African countries. In addition, global participants such as Toyota Thailand have launched the Innovative International Multi-Purpose Vehicle (IMV) project in Thailand. Besides this, other global participants such as Isuzu and Ford-Mazda's Auto Alliance factory have also set up a pickup production line in Thailand. Thus, Thailand is gradually becoming a global production and export hub for one-ton pickup trucks.

Thailand's Liberal Investment Policies and its Trade Agreements with Many Countries is Expected to Drive the Steering Systems Market

In addition to its booming economy, Thailand’s liberal investment policies do not pose any restrictions on foreign investors with respect to export requirements or foreign equity restrictions in manufacturing, local content requirements, and location requirements. In addition, the cost of setting up a business in Thailand is also relatively low. This encourages the entry of all major global automobile companies into Thailand. In order to strengthen the country’s position as a ’global automobile hub’, the Thailand Automotive Institute (TAI) has formed a $217.5 million plan. This includes five key projects, including a human resources development (HRD) program, an automotive experts dispatching program, a fund for the establishment of R&D centers, an information technology center to analyze industry trends and an automobile export promotion center. These facilities are expected to give tremendous impetus to the Thai automotive industry and thus to the demand for automotive components and parts such as steering systems.

Thailand has also entered into several Free Trade Agreements with other major international automobile markets such as Australia, New Zealand, China, and India. This is expected to boost the exports from Thailand to other countries. For example, Tata Industries, the major Indian auto producer is in the process of setting up a pickup truck manufacturing plant in Thailand, and this is likely to assist in penetrating the Association of Southeast Asian Nations (ASEAN) and the Chinese markets through the Free Trade Area (FTA) treaty. "These new developments have contributed toward Thailand’s double-digit vehicle export growth over the past few years and the rising significance of Thailand as a regional automotive manufacturer and supplier," explains the analyst. "Several major global auto manufacturers depend on their Thailand operations to serve both domestic and regional demand."

Content Outline:

1. Introduction

2. Total Thailand Steering Systems Market

3. Leading Manufacturers Profiles and Activities

4. Supplier Profiles

5. Database of Key Industry Participants

List of Figures

Chapter 2

Total Steering Systems Market: Vehicle Manufacturers and Steering Systems Suppliers (Thailand), 2005

Total Steering Systems Market: Market Drivers Ranked in Order of Impact (Thailand), 2006-2012

Total Steering Systems Market: Market Restraints Ranked in Order of Impact (Thailand), 2006-2012

Total Steering Systems Market: Unit Shipment Forecasts (Thailand), 2002-2012

Total Steering Systems Market: Revenue Forecasts (Thailand), 2002-2012

Total Steering Systems Market: Percent of Revenues by Product Type (Thailand), 2002-2012

Total Steering Systems Market: Market Share Analysis of MS Systems (Thailand), 2005 and 2012

Total Steering Systems Market: Market Share Analysis of HPS Systems (Thailand), 2005 and 2012

Total Steering Systems Market: Market Share Analysis of EPS Systems (Thailand), 2005 and 2012

Total Steering Systems Market: Market Breakdown by Vehicle Manufacturers (Thailand), 2005

Total Steering Systems Market: Steering Systems Offered in Vehicle Marques (Thailand), 2005

Total Steering Systems Market: Unit Shipment Forecasts for MS Systems (Thailand), 2002-2012

Total Steering Systems Market: Revenue Forecasts for MS Systems (Thailand), 2002-2012

Total Steering Systems Market: Unit Shipment Forecasts for HPS Systems (Thailand), 2002-2012

Total Steering Systems Market: Revenue Forecasts for HPS Systems (Thailand), 2002-2012

Total Steering Systems Market: Unit Shipment Forecasts for EPS Systems (Thailand), 2002-2012

Total Steering Systems Market: Revenue Forecasts for EPS Systems (Thailand), 2002-2012

Total Steering Systems Market: Pricing Trends and Forecasts for MS Systems (Thailand), 2002-2012

Total Steering Systems Market: Pricing Trends and Forecasts for HPS Systems (Thailand), 2002-2012

Total Steering Systems Market: Pricing Trends and Forecasts for EPS Systems (Thailand), 2002-2012

Chapter 3

Steering Systems Market: Profile of Toyota Motor Co., Ltd. (Thailand), 2005

Steering Systems Market: Profile of Siam Nissan Automobile Co., Ltd. (SNA) (Thailand), 2005

Steering Systems Market: Profile of Isuzu Motors Co., Ltd. (IMCT) (Thailand), 2005

Steering Systems Market: Profile of HONDA Automobile Co., Ltd (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Isuzu Motors Co., Ltd. (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Honda Automobile Co., Ltd. (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Auto Alliance Co., Ltd. (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Volvo Car Co., Ltd. (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Mitsubishi Motors Co., Ltd. (Thailand), 2005

Steering Systems Market: Parameters for Supplier Selection of Siam V.M.C Automobile Co., Ltd. (Thailand), 2005

Chapter 4

Steering Systems Market: Profile of Summit Kurata Manufacturing Co., Ltd. (Thailand), 2005

Steering Systems Market: Profile of Siam NSK Steering Systems Co., Ltd. (Thailand), 2005

Steering Systems Market: Profile of Yamada Somboon Co., Ltd. (Thailand), 2005

Steering Systems Market: Profile of KYB Steering (Thailand), 2005

Steering Systems Market: Profile of Toyoda Machine Works (Thailand), 2005

For more information visit http://www.researchandmarkets.com/reports/c58059