Reference
·Supporting source
Thailand machinery and industrial equipment sector value (2020-2024)
~USD 38B (2024)
Thailand's machinery and industrial equipment sector — covering automation systems, CNC machine tools, robotics, industrial pumps and compressors, electrical equipment, and process machinery — generated approximately USD 38 billion in output value in 2024 per the Federation of Thai Industries (FTI) Machinery and Metal Industries Club and the Office of Industrial Economics (OIE). The sector recovered from a 2020 COVID trough of roughly USD 30 billion as Eastern Economic Corridor (EEC) manufacturing capex re-accelerated post-2022, particularly in automotive EV supply chain, electronics, and food processing. Domestic Thai manufacturers concentrate in the lower-value tiers (Tier-2/3 fabricated components, jigs, fixtures); foreign-affiliated firms dominate high-precision and robotics.
Figure in context
Thailand's machinery and industrial equipment sector — covering automation systems, CNC machine tools, robotics, industrial pumps and compressors, electrical equipment, and process machinery — generated approximately USD 38 billion in output value in 2024 per the Federation of Thai Industries (FTI) Machinery and Metal Industries Club and the Office of Industrial Economics (OIE). The sector recovered from a 2020 COVID trough of roughly USD 30 billion as Eastern Economic Corridor (EEC) manufacturing capex re-accelerated post-2022, particularly in automotive EV supply chain, electronics, and food processing. Domestic Thai manufacturers concentrate in the lower-value tiers (Tier-2/3 fabricated components, jigs, fixtures); foreign-affiliated firms dominate high-precision and robotics.
Interpretation notes
What this tells you
Thailand's machinery and industrial equipment sector — covering automation systems, CNC machine tools, robotics, industrial pumps and compressors, electrical equipment, and process machinery — generated approximately USD 38 billion in output value in 2024 per the Federation of Thai Industries (FTI) Machinery and Metal Industries Club and the Office of Industrial Economics (OIE). The sector recovered from a 2020 COVID trough of roughly USD 30 billion as Eastern Economic Corridor (EEC) manufacturing capex re-accelerated post-2022, particularly in automotive EV supply chain, electronics, and food processing. Domestic Thai manufacturers concentrate in the lower-value tiers (Tier-2/3 fabricated components, jigs, fixtures); foreign-affiliated firms dominate high-precision and robotics.
What not to do with it
Values in USD billion of sector output value. Includes Thai and foreign-affiliated manufacturers based in Thailand.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand HS 84-85 machinery and electrical imports (2020-2024)
Thai Customs Department; Ministry of Commerce trade statistics; Bank of Thailand
Thailand robot density per 10,000 manufacturing workers (2020-2024)
International Federation of Robotics
Thailand industrial automation supplier share (ranked, 2024)
FTI Automation Industry Club; IFR World Robotics 2024; supplier company disclosures
Thai-listed Tier-1 component manufacturer revenue (ranked, 2024)
SET filings, SMIT, SAT); company annual reports; MarkLines
Industry 4.0 adoption among SET-100 manufacturers
Stock Exchange of Thailand sustainability disclosures; FTI Industry 4.0 survey; Ministry of Industry
BOI robotics-priority project approvals (2024)
Board of Investment
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