Department of Business Development Opened the number of registrations for establishing a business selling motorcycles, spare parts and related services in the first 4 months of 2023, an increase of 40% from the previous year. The registered capital is nearly 200 million baht, comparable to motorcycle sales in the first 3 months of 2023 reaching 560,000 units, 4.5 times higher than car sales, resulting in related businesses including spare parts, maintenance and credit business to grow accordingly.
Mr. Thosapon Thangsubutr, Director-General of the Department of Business Development revealed that the business analysis team Department of Business Development has prepared an interesting business analysis for the month of April 2023, found that the business of selling motorcycles, spare parts and related services There is a significant growth in business registration rates. In 2020, 194 companies were registered, with a registered capital of 330.56 million baht. In 2021, there were 183 companies established (5.67 percent decrease), with a capital of 237.35 million baht (28.20 percent decrease). In 2022, 283 were established. (54.64% increase) Capital 525.67 million baht (121.48% increase) Year 2023 January-April 134 establishments (39 enterprises or 41.06% increase January-April 2022 95 establishments) Capital 193.06 million baht (an increase of 64.94 million baht or 50.69 percent from January - April 2022, with a capital of 128.12 million baht)
In this regard, business results (Total business income) Year 2019 Total income 4.35 billion baht, profit 370 billion baht, year 2020 total income 3.98 billion baht (decrease 3.69 billion baht or 8.46%), profit 3.51 billion baht (decrease 1.80 billion baht or 4.87 percent) and in 2021, total income was 3.73 billion baht (decreased by 24.9 billion baht or 6.25 percent), profit 26.1 billion baht (decreased by 9.02 billion baht or 25.69 percent), although during the year 2019 – 2021, the business tends to have lower total revenues and profits. But if considering the size of the business (SM and L), it will be found that the majority of the performance is weighted on large businesses (L), with assets of large businesses (L) accounting for more than 70% of all business assets. Therefore, when Big business profits are declining. As a result, the overall profit of the business has decreased as well, for example, in 2021 compared to the year 2020, the overall business profit decreased by more than 25.69 percent as a result of large business (L) having reduced profits. down over 9,
However, most investments in businesses are Thai people. The investment value is 21.6 billion baht, accounting for 61.91 percent of all business investments. And there is investment from foreigners consisting of Japan worth 11.8 billion baht (33.96%), China worth 419 million baht (1.20%), Malaysia worth 221 million baht (0.63%) and others 805 million baht (2.30%). ) At present (data as of April 30, 2023), there are 3,690 businesses selling motorcycles, spare parts and related services, representing 0.42% of all businesses operating (871,041 persons) and having a capital value of 34,963.03 million baht. Representing 0.16 percent of all business operations (21.23 trillion baht).
Most of them operate in the form of limited companies of 2,506 persons, representing 67.91%, with a capital value of 31,302.96 million baht, which is a business with a registered capital of not more than 1 million baht, 2,125 businesses with a capital of 1.01 – 5.00 million baht, and 1,187 businesses with a capital of more than 5 million baht. 378, divided into small businesses (S), 3,044 (82.49%), medium (M), 513 (13.90%) and large (L), 133 (3.61%). of motorcycle sales, spare parts and related services increased Corresponding to the sales of motorcycles and passenger cars (Source: Bank of Thailand) in the first 3 months (January – March) of 2023, Thailand had motorcycle sales of 557,843 units (Jan. 174,980 units, Feb. 179,091 cars and Mar. 203,772 cars). Passenger car sales amounted to 122,812 cars (Mar. 35,387 cars, Feb. 41,051 cars and Mar. 2003,
The main factor comes from motorcycles being flexible, easy to find parking, saving fuel. maintenance cost is not high Easy to convert into a livelihood tool More importantly, it is popular in every area. In addition, motorcycles are designed in various types to suit applications such as distance, traffic conditions, tourism, sports, competition, and the other side. Motorcycles are still toys for hobbies, collectibles, and some groups of consumers like to decorate their cars to be unique. As a result, other related businesses such as motorcycle accessories business Maintenance service business also benefited meanwhile Consumers may purchase motorcycles through a hire-purchase credit system. As a result, the motorcycle hire-purchase business grew in line with the increase in sales as well. Although motorcycles are convenient vehicles in congested traffic conditions. And use in the city is comfortable. But motorcycles are vehicles that have a record for highest number of accidents According to the Department of Land Transport, in 2022, there were 17,347 deaths from road accidents, 8,751 of which were motorcycles, representing 50.45 percent. Therefore, motorcyclists must exercise caution and not engage in risky behavior. Both driving fast reverse driving and not wearing a helmet To help reduce the rate of accidents that may occur. .
Source: Thai News Agency