Summary
Banks in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Thai banking industry recorded assets of $692.2 billion in 2024, representing a compound annual growth rate (CAGR) of 1.2% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $430.3 billion, equivalent to 62.2% of the industry's overall value.
- In 2024, the Thai banking industry contracted by 0.4% when measured in US dollars; however, the market continued to grow in local currency, indicating solid underlying fundamentals that were masked by currency depreciation. A key driver of this growth was the increase in net national savings, which strengthened banks’ deposit base and enhanced their lending capacity.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Thailand
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand banks market with five year forecasts
Reasons to Buy
- What was the size of the Thailand banks market by value in 2024?
- What will be the size of the Thailand banks market in 2029?
- What factors are affecting the strength of competition in the Thailand banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Thailand's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Bangkok Bank Public Co Ltd
8.2. Kasikorn Bank Public Co Ltd
8.3. Siam Commercial Development Co Ltd
8.4. Krung Thai Bank PCL
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Thailand banks industry value: $ billion, 2019-24
Table 2: Thailand banks industry category segmentation: % share, by value, 2019-24
Table 3: Thailand banks industry category segmentation: $ billion, 2019-24
Table 4: Thailand banks industry geography segmentation: $ billion, 2024
Table 5: Thailand banks industry value forecast: $ billion, 2024-29
Table 6: Thailand banks industry share: % share, by value, 2024
Table 7: Bangkok Bank Public Co Ltd: Key Facts
Table 8: Bangkok Bank Public Co Ltd: Annual Financial Ratios
Table 9: Bangkok Bank Public Co Ltd: Key Employees
Table 10: Bangkok Bank Public Co Ltd: Key Employees Continued
Table 11: Bangkok Bank Public Co Ltd: Key Employees Continued
Table 12: Kasikorn Bank Public Co Ltd: Key Facts
Table 13: Kasikorn Bank Public Co Ltd: Annual Financial Ratios
Table 14: Kasikorn Bank Public Co Ltd: Key Employees
Table 15: Kasikorn Bank Public Co Ltd: Key Employees Continued
Table 16: Kasikorn Bank Public Co Ltd: Key Employees Continued
Table 17: Kasikorn Bank Public Co Ltd: Key Employees Continued
Table 18: Siam Commercial Development Co Ltd: Key Facts
Table 19: Krung Thai Bank PCL: Key Facts
Table 20: Krung Thai Bank PCL: Annual Financial Ratios
Table 21: Krung Thai Bank PCL: Key Employees
Table 22: Krung Thai Bank PCL: Key Employees Continued
Table 23: Thailand Size of Population (Million), 2020-24
Table 24: Thailand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: Thailand GDP (Current Prices, $ Billion), 2020-24
Table 26: Thailand Inflation, 2020-24
Table 27: Thailand Consumer Price Index (Absolute), 2020-24
Table 28: Thailand Exchange Rate, 2019-24
List of Figures
Figure 1: Thailand banks industry value: $ billion, 2019-24
Figure 2: Thailand banks industry category segmentation: $ billion, 2019-24
Figure 3: Thailand banks industry geography segmentation: % share, by value, 2024
Figure 4: Thailand banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Thailand, 2024
Figure 6: Drivers of buyer power in the banks industry in Thailand, 2024
Figure 7: Drivers of supplier power in the banks industry in Thailand, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Thailand, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Thailand, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Thailand, 2024
Figure 11: Thailand banks industry share: % share, by value, 2024
