Key Insights
The Thai motor insurance market, valued at $187.03 million in 2025, is projected to experience robust growth, driven by a rising number of vehicles on the road, increasing awareness of insurance benefits, and stricter government regulations on mandatory insurance coverage. The 6.39% CAGR (Compound Annual Growth Rate) from 2019-2033 signifies a consistently expanding market. Key growth drivers include the expanding middle class, increased purchasing power leading to higher vehicle ownership, and a shift towards comprehensive insurance policies offering broader coverage. However, challenges persist, including intense competition among established players like The Falcon Insurance Public Company Limited, Bangkok Insurance Public Company Limited, and Allianz Ayudhya Assurance Public Company Limited, and the need for greater digitalization and customer service improvements to match evolving consumer expectations. The market is segmented by various factors, including policy type (compulsory versus comprehensive), vehicle type, and geographical region, offering opportunities for niche players to specialize and thrive. The forecast period (2025-2033) suggests a considerable increase in market value, fueled by economic growth and ongoing infrastructural development, especially in urban areas. Further expansion is anticipated through the implementation of innovative insurance products and effective risk management strategies by insurance providers.
Motor Insurance Industry in Thailand Market Size (In Million)
The competitive landscape is characterized by a mix of both domestic and international insurers. Established players hold significant market share, but new entrants, particularly those leveraging technology and offering tailored insurance solutions, present a notable challenge. Government initiatives aimed at improving road safety and promoting financial inclusion also play a crucial role in shaping the market trajectory. While factors like economic fluctuations and potential regulatory changes could impact growth, the overall outlook for the Thai motor insurance market remains positive, with substantial growth potential over the next decade. Companies are likely to invest in technological upgrades, expanding distribution networks, and data-driven strategies to capture a greater market share and meet the evolving needs of Thai consumers.
Motor Insurance Industry in Thailand Company Market Share
Motor Insurance Industry in Thailand: A Comprehensive Market Report (2019-2033)
This in-depth report provides a comprehensive analysis of the dynamic Thai motor insurance market, offering invaluable insights for industry professionals, investors, and strategic planners. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils key trends, challenges, and opportunities shaping this lucrative sector. The study encompasses market sizing, segmentation, competitive landscape, and future growth projections, providing actionable intelligence for informed decision-making.
Motor Insurance Industry in Thailand Market Structure & Innovation Trends
This section analyzes the competitive landscape of the Thai motor insurance market, encompassing market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user demographics, and mergers & acquisitions (M&A) activities.
The market is characterized by a mix of established players and emerging disruptors. While precise market share data for each company fluctuates yearly, companies like The Viriyah Insurance Public Company Limited, Bangkok Insurance Public Company Limited, and Muang Thai Insurance consistently hold significant market share, totaling an estimated xx Million in combined revenue in 2025. However, the market is not hyper-concentrated, with numerous smaller players and the rise of digital-first insurers adding complexity.
- Market Concentration: Moderately concentrated, with several large players and a substantial number of smaller insurers.
- Innovation Drivers: Technological advancements (telematics, AI-powered risk assessment), changing consumer preferences (digitalization, personalized products), and regulatory changes are key drivers.
- Regulatory Framework: The Office of Insurance Commission (OIC) plays a crucial role in regulating the market, influencing product offerings and market entry.
- Product Substitutes: Limited direct substitutes exist, but alternative risk management strategies influence the demand for motor insurance.
- End-User Demographics: The market is driven by the growing number of vehicles on Thai roads, with variations in demand based on age, income, and location.
- M&A Activities: The past five years have witnessed several smaller M&A deals, with values ranging from xx Million to xx Million, primarily focusing on consolidation and expansion.
Motor Insurance Industry in Thailand Market Dynamics & Trends
This section delves into the key market dynamics and trends shaping the Thai motor insurance industry. The market demonstrates consistent growth, driven by factors such as rising vehicle ownership, increasing urbanization, and evolving consumer expectations.
The Compound Annual Growth Rate (CAGR) for the period 2019-2024 is estimated at xx%, indicating robust expansion. Market penetration is relatively high in urban areas but remains lower in rural regions. Technological disruptions, including the adoption of telematics and artificial intelligence, are transforming the industry, leading to improved risk assessment, personalized pricing, and enhanced customer service. Consumer preferences are shifting towards digital platforms, convenient online purchasing, and customized insurance plans. Competitive dynamics involve both price competition and product differentiation, with established players and innovative startups vying for market share.
Dominant Regions & Segments in Motor Insurance Industry in Thailand
This section pinpoints the leading regions and segments within the Thai motor insurance market. Bangkok and other major metropolitan areas consistently account for the largest share of premiums due to higher vehicle density and insurance penetration.
- Key Drivers for Bangkok's Dominance:
- High vehicle ownership.
- Concentrated population.
- Developed infrastructure.
- Higher disposable incomes.
The private car segment typically dominates the market, with a larger premium volume compared to commercial vehicles or motorcycles. However, the motorcycle segment represents a large, albeit fragmented, market with significant growth potential.
Motor Insurance Industry in Thailand Product Innovations
The Thai motor insurance market is witnessing a surge in product innovation, driven by technological advancements and evolving consumer needs. Telematics-based insurance, offering personalized premiums based on driving behavior, is gaining traction. Digital distribution channels are expanding access, enhancing convenience, and fostering customer engagement. Innovative product bundles and value-added services are creating competitive advantages.
Report Scope & Segmentation Analysis
This report segments the Thai motor insurance market based on several key factors, providing a granular view of each segment's size, growth projections, and competitive dynamics. Segmentation is based on vehicle type (private cars, commercial vehicles, motorcycles), distribution channel (online, offline), and insurance type (comprehensive, third-party liability). Each segment's market size and growth projection (2025-2033) are extensively analyzed, including detailed competitive landscape assessments.
Key Drivers of Motor Insurance Industry in Thailand Growth
Several key factors fuel the growth of the Thai motor insurance industry. These include:
- Rising Vehicle Ownership: The increasing number of vehicles on the road directly drives demand for motor insurance.
- Government Regulations: Mandatory insurance requirements for certain vehicle types create a baseline market demand.
- Economic Growth: Improved economic conditions lead to higher disposable incomes, increasing the affordability of insurance.
- Technological Advancements: Innovations in telematics and digital distribution enhance efficiency and market reach.
Challenges in the Motor Insurance Industry in Thailand Sector
Despite the robust growth, several challenges hinder the Thai motor insurance market.
- Fraudulent Claims: Insurance fraud represents a significant financial burden for insurers, impacting profitability.
- Competition: Intense competition among both established and emerging players creates price pressures.
- Regulatory Changes: Frequent regulatory adjustments require constant adaptation and compliance measures.
Emerging Opportunities in Motor Insurance Industry in Thailand
The Thai motor insurance market presents various emerging opportunities:
- Expansion into Underserved Regions: Reaching rural areas with limited insurance penetration offers significant growth potential.
- Development of Niche Products: Tailored products addressing specific demographics or risk profiles unlock new revenue streams.
- Leveraging Technology: Innovative technological solutions can increase operational efficiency and improve customer service.
Leading Players in the Motor Insurance Industry in Thailand Market
- The Falcon Insurance Public Company Limited
- FWD General Insurance Public Company Limited
- AIG Insurance (Thailand) Public Company Limited
- Allianz Ayudhya Assurance Public Company Limited
- The Viriyah Insurance Public Company Limited
- Bangkok Insurance Public Company Limited
- Syn Mun Kong Insurance Public Company Limited
- Muang Thai Insurance
- Thanachart Insurance Public Company Limited
- Dhipaya Insurance Public Company Limited (List Not Exhaustive)
Key Developments in Motor Insurance Industry in Thailand Industry
- September 2022: Roojai, an online insurer, experienced significant growth, collecting THB 1.1 billion ($0.031 billion) in premiums and a 40% increase in customers compared to 2021. This highlights the success of digital-first strategies.
- October 2022: The Seychelles Financial Services Authority (FSA) suspended Falcon Insurance's license due to operational irregularities. This underscores the importance of regulatory compliance and operational transparency.
Future Outlook for Motor Insurance Industry in Thailand Market
The Thai motor insurance market is poised for continued expansion. Technological advancements, changing consumer preferences, and economic growth will drive future market potential. Strategic partnerships, innovative product offerings, and effective risk management will be crucial for success in this competitive landscape. The market is expected to reach xx Million in revenue by 2033.
Motor Insurance Industry in Thailand Segmentation
-
1. Insurance Type
- 1.1. Third Party Liability
- 1.2. Comprehensive
-
2. Distribution Channel
- 2.1. Agents
- 2.2. Brokers
- 2.3. Banks
- 2.4. Online
- 2.5. Other Distribution Channels
Motor Insurance Industry in Thailand Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Motor Insurance Industry in Thailand Regional Market Share
Geographic Coverage of Motor Insurance Industry in Thailand
Motor Insurance Industry in Thailand REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.39% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Increase in GDP Per Capita
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Insurance Type
- 5.1.1. Third Party Liability
- 5.1.2. Comprehensive
- 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.2.1. Agents
- 5.2.2. Brokers
- 5.2.3. Banks
- 5.2.4. Online
- 5.2.5. Other Distribution Channels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Insurance Type
- 6. North America Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Insurance Type
- 6.1.1. Third Party Liability
- 6.1.2. Comprehensive
- 6.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 6.2.1. Agents
- 6.2.2. Brokers
- 6.2.3. Banks
- 6.2.4. Online
- 6.2.5. Other Distribution Channels
- 6.1. Market Analysis, Insights and Forecast - by Insurance Type
- 7. South America Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Insurance Type
- 7.1.1. Third Party Liability
- 7.1.2. Comprehensive
- 7.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 7.2.1. Agents
- 7.2.2. Brokers
- 7.2.3. Banks
- 7.2.4. Online
- 7.2.5. Other Distribution Channels
- 7.1. Market Analysis, Insights and Forecast - by Insurance Type
- 8. Europe Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Insurance Type
- 8.1.1. Third Party Liability
- 8.1.2. Comprehensive
- 8.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 8.2.1. Agents
- 8.2.2. Brokers
- 8.2.3. Banks
- 8.2.4. Online
- 8.2.5. Other Distribution Channels
- 8.1. Market Analysis, Insights and Forecast - by Insurance Type
- 9. Middle East & Africa Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Insurance Type
- 9.1.1. Third Party Liability
- 9.1.2. Comprehensive
- 9.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 9.2.1. Agents
- 9.2.2. Brokers
- 9.2.3. Banks
- 9.2.4. Online
- 9.2.5. Other Distribution Channels
- 9.1. Market Analysis, Insights and Forecast - by Insurance Type
- 10. Asia Pacific Motor Insurance Industry in Thailand Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Insurance Type
- 10.1.1. Third Party Liability
- 10.1.2. Comprehensive
- 10.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 10.2.1. Agents
- 10.2.2. Brokers
- 10.2.3. Banks
- 10.2.4. Online
- 10.2.5. Other Distribution Channels
- 10.1. Market Analysis, Insights and Forecast - by Insurance Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 The Falcon Insurance Public Company Limited
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 FWD General Insurance Public Company Limited
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 AIG Insurance (Thailand) Public Company Limited
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Allianz Ayudhya Assurance Public Company Limited
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 The Viriyah Insurance Public Company Limited
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Bangkok Insurance Public Company Limited
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Syn Mun Kong Insurance Public Company Limited
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Muang Thai Insurance
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Thanachart Insurance Public Company Limited
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Dhipaya Insurance Public Company Limited**List Not Exhaustive
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 The Falcon Insurance Public Company Limited
List of Figures
- Figure 1: Global Motor Insurance Industry in Thailand Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: Global Motor Insurance Industry in Thailand Volume Breakdown (Billion, %) by Region 2025 & 2033
- Figure 3: North America Motor Insurance Industry in Thailand Revenue (Million), by Insurance Type 2025 & 2033
- Figure 4: North America Motor Insurance Industry in Thailand Volume (Billion), by Insurance Type 2025 & 2033
- Figure 5: North America Motor Insurance Industry in Thailand Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 6: North America Motor Insurance Industry in Thailand Volume Share (%), by Insurance Type 2025 & 2033
- Figure 7: North America Motor Insurance Industry in Thailand Revenue (Million), by Distribution Channel 2025 & 2033
- Figure 8: North America Motor Insurance Industry in Thailand Volume (Billion), by Distribution Channel 2025 & 2033
- Figure 9: North America Motor Insurance Industry in Thailand Revenue Share (%), by Distribution Channel 2025 & 2033
- Figure 10: North America Motor Insurance Industry in Thailand Volume Share (%), by Distribution Channel 2025 & 2033
- Figure 11: North America Motor Insurance Industry in Thailand Revenue (Million), by Country 2025 & 2033
- Figure 12: North America Motor Insurance Industry in Thailand Volume (Billion), by Country 2025 & 2033
- Figure 13: North America Motor Insurance Industry in Thailand Revenue Share (%), by Country 2025 & 2033
- Figure 14: North America Motor Insurance Industry in Thailand Volume Share (%), by Country 2025 & 2033
- Figure 15: South America Motor Insurance Industry in Thailand Revenue (Million), by Insurance Type 2025 & 2033
- Figure 16: South America Motor Insurance Industry in Thailand Volume (Billion), by Insurance Type 2025 & 2033
- Figure 17: South America Motor Insurance Industry in Thailand Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 18: South America Motor Insurance Industry in Thailand Volume Share (%), by Insurance Type 2025 & 2033
- Figure 19: South America Motor Insurance Industry in Thailand Revenue (Million), by Distribution Channel 2025 & 2033
- Figure 20: South America Motor Insurance Industry in Thailand Volume (Billion), by Distribution Channel 2025 & 2033
- Figure 21: South America Motor Insurance Industry in Thailand Revenue Share (%), by Distribution Channel 2025 & 2033
- Figure 22: South America Motor Insurance Industry in Thailand Volume Share (%), by Distribution Channel 2025 & 2033
- Figure 23: South America Motor Insurance Industry in Thailand Revenue (Million), by Country 2025 & 2033
- Figure 24: South America Motor Insurance Industry in Thailand Volume (Billion), by Country 2025 & 2033
- Figure 25: South America Motor Insurance Industry in Thailand Revenue Share (%), by Country 2025 & 2033
- Figure 26: South America Motor Insurance Industry in Thailand Volume Share (%), by Country 2025 & 2033
- Figure 27: Europe Motor Insurance Industry in Thailand Revenue (Million), by Insurance Type 2025 & 2033
- Figure 28: Europe Motor Insurance Industry in Thailand Volume (Billion), by Insurance Type 2025 & 2033
- Figure 29: Europe Motor Insurance Industry in Thailand Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 30: Europe Motor Insurance Industry in Thailand Volume Share (%), by Insurance Type 2025 & 2033
- Figure 31: Europe Motor Insurance Industry in Thailand Revenue (Million), by Distribution Channel 2025 & 2033
- Figure 32: Europe Motor Insurance Industry in Thailand Volume (Billion), by Distribution Channel 2025 & 2033
- Figure 33: Europe Motor Insurance Industry in Thailand Revenue Share (%), by Distribution Channel 2025 & 2033
- Figure 34: Europe Motor Insurance Industry in Thailand Volume Share (%), by Distribution Channel 2025 & 2033
- Figure 35: Europe Motor Insurance Industry in Thailand Revenue (Million), by Country 2025 & 2033
- Figure 36: Europe Motor Insurance Industry in Thailand Volume (Billion), by Country 2025 & 2033
- Figure 37: Europe Motor Insurance Industry in Thailand Revenue Share (%), by Country 2025 & 2033
- Figure 38: Europe Motor Insurance Industry in Thailand Volume Share (%), by Country 2025 & 2033
- Figure 39: Middle East & Africa Motor Insurance Industry in Thailand Revenue (Million), by Insurance Type 2025 & 2033
- Figure 40: Middle East & Africa Motor Insurance Industry in Thailand Volume (Billion), by Insurance Type 2025 & 2033
- Figure 41: Middle East & Africa Motor Insurance Industry in Thailand Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 42: Middle East & Africa Motor Insurance Industry in Thailand Volume Share (%), by Insurance Type 2025 & 2033
- Figure 43: Middle East & Africa Motor Insurance Industry in Thailand Revenue (Million), by Distribution Channel 2025 & 2033
- Figure 44: Middle East & Africa Motor Insurance Industry in Thailand Volume (Billion), by Distribution Channel 2025 & 2033
- Figure 45: Middle East & Africa Motor Insurance Industry in Thailand Revenue Share (%), by Distribution Channel 2025 & 2033
- Figure 46: Middle East & Africa Motor Insurance Industry in Thailand Volume Share (%), by Distribution Channel 2025 & 2033
- Figure 47: Middle East & Africa Motor Insurance Industry in Thailand Revenue (Million), by Country 2025 & 2033
- Figure 48: Middle East & Africa Motor Insurance Industry in Thailand Volume (Billion), by Country 2025 & 2033
- Figure 49: Middle East & Africa Motor Insurance Industry in Thailand Revenue Share (%), by Country 2025 & 2033
- Figure 50: Middle East & Africa Motor Insurance Industry in Thailand Volume Share (%), by Country 2025 & 2033
- Figure 51: Asia Pacific Motor Insurance Industry in Thailand Revenue (Million), by Insurance Type 2025 & 2033
- Figure 52: Asia Pacific Motor Insurance Industry in Thailand Volume (Billion), by Insurance Type 2025 & 2033
- Figure 53: Asia Pacific Motor Insurance Industry in Thailand Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 54: Asia Pacific Motor Insurance Industry in Thailand Volume Share (%), by Insurance Type 2025 & 2033
- Figure 55: Asia Pacific Motor Insurance Industry in Thailand Revenue (Million), by Distribution Channel 2025 & 2033
- Figure 56: Asia Pacific Motor Insurance Industry in Thailand Volume (Billion), by Distribution Channel 2025 & 2033
- Figure 57: Asia Pacific Motor Insurance Industry in Thailand Revenue Share (%), by Distribution Channel 2025 & 2033
- Figure 58: Asia Pacific Motor Insurance Industry in Thailand Volume Share (%), by Distribution Channel 2025 & 2033
- Figure 59: Asia Pacific Motor Insurance Industry in Thailand Revenue (Million), by Country 2025 & 2033
- Figure 60: Asia Pacific Motor Insurance Industry in Thailand Volume (Billion), by Country 2025 & 2033
- Figure 61: Asia Pacific Motor Insurance Industry in Thailand Revenue Share (%), by Country 2025 & 2033
- Figure 62: Asia Pacific Motor Insurance Industry in Thailand Volume Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 2: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 3: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 4: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 5: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Region 2020 & 2033
- Table 6: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Region 2020 & 2033
- Table 7: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 8: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 9: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 10: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 11: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Country 2020 & 2033
- Table 12: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Country 2020 & 2033
- Table 13: United States Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: United States Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 15: Canada Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Canada Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 17: Mexico Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 18: Mexico Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 19: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 20: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 21: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 22: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 23: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Country 2020 & 2033
- Table 24: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Country 2020 & 2033
- Table 25: Brazil Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Brazil Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 27: Argentina Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Argentina Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 29: Rest of South America Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 30: Rest of South America Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 31: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 32: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 33: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 34: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 35: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Country 2020 & 2033
- Table 36: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Country 2020 & 2033
- Table 37: United Kingdom Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 38: United Kingdom Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 39: Germany Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 40: Germany Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 41: France Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: France Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 43: Italy Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: Italy Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 45: Spain Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Spain Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 47: Russia Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 48: Russia Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 49: Benelux Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 50: Benelux Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 51: Nordics Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 52: Nordics Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 53: Rest of Europe Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 54: Rest of Europe Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 55: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 56: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 57: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 58: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 59: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Country 2020 & 2033
- Table 60: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Country 2020 & 2033
- Table 61: Turkey Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 62: Turkey Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 63: Israel Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 64: Israel Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 65: GCC Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 66: GCC Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 67: North Africa Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 68: North Africa Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 69: South Africa Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 70: South Africa Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 71: Rest of Middle East & Africa Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 72: Rest of Middle East & Africa Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 73: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Insurance Type 2020 & 2033
- Table 74: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Insurance Type 2020 & 2033
- Table 75: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Distribution Channel 2020 & 2033
- Table 76: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Distribution Channel 2020 & 2033
- Table 77: Global Motor Insurance Industry in Thailand Revenue Million Forecast, by Country 2020 & 2033
- Table 78: Global Motor Insurance Industry in Thailand Volume Billion Forecast, by Country 2020 & 2033
- Table 79: China Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 80: China Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 81: India Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 82: India Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 83: Japan Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 84: Japan Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 85: South Korea Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 86: South Korea Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 87: ASEAN Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 88: ASEAN Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 89: Oceania Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 90: Oceania Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
- Table 91: Rest of Asia Pacific Motor Insurance Industry in Thailand Revenue (Million) Forecast, by Application 2020 & 2033
- Table 92: Rest of Asia Pacific Motor Insurance Industry in Thailand Volume (Billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Motor Insurance Industry in Thailand?
The projected CAGR is approximately 6.39%.
2. Which companies are prominent players in the Motor Insurance Industry in Thailand?
Key companies in the market include The Falcon Insurance Public Company Limited, FWD General Insurance Public Company Limited, AIG Insurance (Thailand) Public Company Limited, Allianz Ayudhya Assurance Public Company Limited, The Viriyah Insurance Public Company Limited, Bangkok Insurance Public Company Limited, Syn Mun Kong Insurance Public Company Limited, Muang Thai Insurance, Thanachart Insurance Public Company Limited, Dhipaya Insurance Public Company Limited**List Not Exhaustive.
3. What are the main segments of the Motor Insurance Industry in Thailand?
The market segments include Insurance Type, Distribution Channel.
4. Can you provide details about the market size?
The market size is estimated to be USD 187.03 Million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
Increase in GDP Per Capita.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
In September 2022, An online insurance company called Roojai has seen significant growth, collecting THB 1.1 billion ( $0.031 billion) in premiums while also seeing a 40% rise in the number of customers compared to 2021. The secrets to Roojai's ongoing success have been product diversity, satisfying customer service, and powerful branding.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Motor Insurance Industry in Thailand," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Motor Insurance Industry in Thailand report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Motor Insurance Industry in Thailand?
To stay informed about further developments, trends, and reports in the Motor Insurance Industry in Thailand, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence