Inquire Before Buying - Thailand Tire Market | Grow at CAGR of 3% by 2027- MarkNtel

Thailand Tire Market Research Report Forecast: (2022-2027)

By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Demand Ca......tegory (OEM and Replacement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Exclusive Outlets, Online and Others), By Season (All season, and Summer), By Price Category (Low, Medium, High), By Rim Diameter (Upto 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Region (South, East, West, Central), By Company(Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Sumitomo, Pirelli, Deestone, Toyo) Read more

Tire
Apr 2022
Pages 127
Report Format: PDF, Excel, PPT

Market Definition

The tire industry across Thailand is one of the prominent sources of financial fluidity in the country as it is one of the leading tire exporters on the global scale. With the extensive presence & active participation of prominent tire brands introducing various new models in large volumes, the growth prospect of the tire industry of Thailand is quite remunerative in the coming years.

Market Insights

The Thailand Tire Market is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2022-27. The market growth would be driven principally by the expansive automotive sector of Thailand, i.e., instigating the prominent tire manufacturers to boost their production capacities to cater to the burgeoning consumer requirements worldwide.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR(2022-27)	3%
Region Covered	South, East, West, Central
Key Companies Profiled	Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Sumitomo, Kumho, Pirelli, Toyo
Unit Denominations	USD Million/Billion

Besides, with an extensive presence of prominent tire manufacturers like Goodyear, Bridgestone, & Michelin and gradually growing new brands like Toyo tires, Nokian, Apollo, etc., Thailand has become a leading tire exporter globally.

Moreover, with the improving disposable income of people & their mounting inclination toward private ownership of vehicles, i.e., demonstrating an extensive car fleet, the tire industry is projected to observe lucrative growth across Thailand in the coming years.

Impact of Covid-19 on the Thailand Tire Market

in 2020, the automotive & tire industries underwent significant impacts OF the Covid-19 pandemic, which introduced several unprecedented challenges for the leading players in the Thailand Tire Market. Since the government imposed lockdowns & stringent movement restrictions to curb the spread of this dreadful disease & suspended all business operations associated with the market, the leading players faced massive financial losses. Challenges like shortage of raw materials, supply chain disruptions, delivery & production delays, & price fluctuations were the prominent factors behind the decline of the market growth amidst the crisis.

However, as Covid-19 cases started decreasing gradually, the government of Thailand uplifted the restrictions & allowed the recommencement of industrial operations. In turn, the leading market players resumed their usual business to cater to the growing tire demands of end-users. Moreover, in light of the pandemic, several tire manufacturers adopted digital platforms to sell their products via e-commerce websites while offering door-step delivery & installation services to their customers.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Executive Summary
Experts Verbatim-What our experts say?
Thailand Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicles
    1. Passenger Car
    2. Light Commercial Vehicle
    3. Medium and Heavy Commercial Vehicles
    4. Off the Road (OTR)
    5. Two Wheelers
    6. Three Wheeler
  2. By Demand Category
    1. OEM
    2. Aftermarket
  3. By Type of Tire
    1. Radial
    2. Bias
  4. By Sales Channel
    1. Dealer/Exclusive Outlets
    2. Online
    3. Others
  5. By Season
    1. All season
    2. Summer
    3. Winter
  6. By Price Category
    1. Budget
    2. Economy
    3. Premium
  7. By Rim Diameter
    1. Upto 12”
    2. 12.1” to 15”
    3. 15.1.” to 18”
    4. 18.1” to 20”
    5. 20.1” to 22.5”
    6. 22.6” to 26”
    7. 26.1” to 35”
    8. 35.1” to 47”
    9. Above 47”
  8. By Region
    1. Midwest
    2. Northeast
    3. South
    4. West
  9. By Company
    1. Revenue Shares
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
Thailand Passenger Car Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sedan
    2. SUV
    3. Hatchbacks
    4. Others
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand Light Commercial Vehicle Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Light Trucks
    2. Light Buses
    3. Pick-up Trucks and Vans
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand Medium Heavy Commercial Vehicle Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Trucks
    2. Buses
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand Two-Wheeler Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Scooters
    2. Mopeds
    3. Motorcycles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand OTR Vehicle Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Earthmoving Equipment
    2. Construction and Agricultural Vehicles
    3. Material Handling Vehicles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand Three-Wheeler Vehicle Tire Market Outlook, 2017-2027
1. Market Size & Analysis
2. Market Revenue
3. Units Sold
4. Market Share & Analysis
  1. By Type of Vehicle
    1. Passenger Carrier
    2. Load Carrier
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Thailand Tire Market Policies, Regulations, Product and Services Standards
Thailand Tire Market Trends & Insights
Thailand Tire Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Thailand Tire Market Hotspot & Opportunities
Thailand Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product and Services Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target End Users
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Continental
  2. Bridgestone
  3. Yokohama
  4. Hankook
  5. Goodyear
  6. Michelin
  7. Sumitomo
  8. Pirelli
  9. Deestone
  10. Toyo
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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