Thailand Tire

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 Category (OEM and Repl Read more

  • Tire
  • Apr 2022
  • 127
  • TR10228

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.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Experts Verbatim-What our experts say?

4.     Thailand Tire Market Outlook, 2017-2027

4.1.   Market Size & Analysis

4.1.1. Market Revenue

4.1.2. Units Sold

4.2.   Market Share & Analysis

4.2.1. By Type of Vehicles

4.2.1.1.  Passenger Car

4.2.1.2.  Light Commercial Vehicle

4.2.1.3.  Medium and Heavy Commercial Vehicles

4.2.1.4.  Off the Road (OTR)

4.2.1.5.  Two Wheelers

4.2.1.6.  Three Wheeler

4.2.2. By Demand Category

4.2.2.1.  OEM

4.2.2.2.  Aftermarket

4.2.3. By Type of Tire

4.2.3.1.  Radial

4.2.3.2.  Bias

4.2.4. By Sales Channel

4.2.4.1.  Dealer/Exclusive Outlets

4.2.4.2.  Online

4.2.4.3.  Others

4.2.5. By Season

4.2.5.1.  All season

4.2.5.2.  Summer

4.2.5.3.  Winter

4.2.6. By Price Category

4.2.6.1.  Budget

4.2.6.2.  Economy

4.2.6.3.  Premium

4.2.7. By Rim Diameter

4.2.7.1.  Upto 12”

4.2.7.2.  12.1” to 15”

4.2.7.3.  15.1.” to 18”

4.2.7.4.  18.1” to 20”

4.2.7.5.  20.1” to 22.5”

4.2.7.6.  22.6” to 26”

4.2.7.7.  26.1” to 35”

4.2.7.8.  35.1” to 47”

4.2.7.9.  Above 47”

4.2.8. By Region

4.2.8.1.  Midwest

4.2.8.2.  Northeast

4.2.8.3.  South

4.2.8.4.  West

4.2.9. By Company

4.2.9.1.  Revenue Shares

4.2.9.2.  Strategic Factorial Indexing

4.2.9.3.  Competitor Placement in MarkNtel Quadrant

5.     Thailand Passenger Car Tire Market Outlook, 2017-2027

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold

5.2.   Market Share & Analysis

5.2.1. By Type of Vehicle

5.2.1.1.  Sedan

5.2.1.2.  SUV

5.2.1.3.  Hatchbacks

5.2.1.4.  Others

5.2.2. By Demand Category

5.2.3. By Type of Tire

5.2.4. By Sales Channel

5.2.5. By Season

5.2.6. By Price Category

5.2.7. By Rim Diameter

5.2.8. By Region

5.2.9. By Company

6.     Thailand Light Commercial Vehicle Tire Market Outlook, 2017-2027

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.1.2. Units Sold

6.2.   Market Share & Analysis

6.2.1. By Type of Vehicle

6.2.1.1.  Light Trucks

6.2.1.2.  Light Buses

6.2.1.3.  Pick-up Trucks and Vans

6.2.2. By Demand Category

6.2.3. By Type of Tire

6.2.4. By Sales Channel

6.2.5. By Season

6.2.6. By Price Category

6.2.7. By Rim Diameter

6.2.8. By Region

6.2.9. By Company

7.     Thailand Medium Heavy Commercial Vehicle Tire Market Outlook, 2017-2027

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.1.2. Units Sold

7.2.   Market Share & Analysis

7.2.1. By Type of Vehicle

7.2.1.1.  Trucks

7.2.1.2.  Buses

7.2.2. By Demand Category

7.2.3. By Type of Tire

7.2.4. By Sales Channel

7.2.5. By Season

7.2.6. By Price Category

7.2.7. By Rim Diameter

7.2.8. By Region

7.2.9. By Company

8.     Thailand Two-Wheeler Tire Market Outlook, 2017-2027

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.1.2. Units Sold

8.2.   Market Share & Analysis

8.2.1. By Type of Vehicle

8.2.1.1.  Scooters

8.2.1.2.  Mopeds

8.2.1.3.  Motorcycles

8.2.2. By Demand Category

8.2.3. By Type of Tire

8.2.4. By Sales Channel

8.2.5. By Season

8.2.6. By Price Category

8.2.7. By Rim Diameter

8.2.8. By Region

8.2.9. By Company

9.     Thailand OTR Vehicle Tire Market Outlook, 2017-2027

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.1.2. Units Sold

9.2.   Market Share & Analysis

9.2.1. By Type of Vehicle

9.2.1.1.  Earthmoving Equipment

9.2.1.2.  Construction and Agricultural Vehicles

9.2.1.3.  Material Handling Vehicles

9.2.2. By Demand Category

9.2.3. By Type of Tire

9.2.4. By Sales Channel

9.2.5. By Season

9.2.6. By Price Category

9.2.7. By Rim Diameter

9.2.8. By Region

9.2.9. By Company

10.  Thailand Three-Wheeler Vehicle Tire Market Outlook, 2017-2027

10.1.Market Size & Analysis

10.1.1.   Market Revenue

10.1.2.   Units Sold

10.2.Market Share & Analysis

10.2.1. By Type of Vehicle

10.2.1.1. Passenger Carrier

10.2.1.2. Load Carrier

10.2.2. By Demand Category

10.2.3. By Type of Tire

10.2.4. By Sales Channel

10.2.5. By Season

10.2.6. By Price Category

10.2.7. By Rim Diameter

10.2.8. By Region

10.2.9. By Company

11.  Thailand Tire Market Policies, Regulations, Product and Services Standards

12.  Thailand Tire Market Trends & Insights

13.  Thailand Tire Market Dynamics

13.1.Growth Drivers

13.2.Challenges

13.3.Impact Analysis

14.  Thailand Tire Market Hotspot & Opportunities

15.  Thailand Tire Market Key Strategic Imperatives for Success & Growth

16.  Competition Outlook

16.1.  Competition Matrix

16.1.1. Product and Services Portfolio

16.1.2. Brand Specialization

16.1.3. Target Markets

16.1.4. Target End Users

16.1.5. Research & Development

16.1.6. Strategic Alliances

16.1.7. Strategic Initiatives

16.2.  Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

16.2.1. Continental

16.2.2. Bridgestone

16.2.3. Yokohama

16.2.4. Hankook

16.2.5. Goodyear

16.2.6. Michelin

16.2.7. Sumitomo

16.2.8. Pirelli

16.2.9. Deestone

16.2.10.  Toyo

17.  Disclaimer

Thailand Tire Market Segmentation
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