Thailand Tire Market to Grow with a CAGR of 6.23% through 2030
Rising vehicle ownership across urban and rural areas,
increasing emphasis on fuel efficiency and safety, and the growth of e-commerce
and logistics fleets are the factors driving the market in the forecast period
2026–2030.
According to TechSci Research report, “Thailand Tire
Market – By Region, Competition, Opportunities and Forecast, 2020-2030F”, Thailand Tire Market was valued at USD 3.51 Billion in 2024 and is expected
to reach USD 5.04 Billion by 2030 with a CAGR of 6.23% during the forecast
period. Thailand's tire market is progressing steadily, driven by an increase
in vehicle production and consumer interest in reliable replacement tires. The
rise in vehicle use, supported by urban development and rising incomes, is
contributing to a growing need for both commercial and personal vehicle tires.
Buyers are placing greater importance on attributes such as safety, ride
comfort, and handling performance. A quicker replacement rate is emerging due
to more intensive vehicle usage and road wear.
Infrastructure upgrades and the expansion of commercial
delivery and transport services are opening new prospects for tire sales and
support networks. Tire technologies are adapting to the demands of electric
vehicles, with changes in tread design, durability, and noise control.
Eco-conscious drivers are shifting toward low rolling resistance and
sustainable tire options. Online platforms are also influencing consumer
behavior, providing accessible and informed purchasing experiences.
However, the market faces certain limitations such as
unstable material pricing and the distribution of low-quality, counterfeit
products. Regulatory requirements surrounding environmental protection add to
production complexities. A lack of skilled workers, especially in tire-related
services in less developed areas, results in inconsistent service standards.
Disruptions in supply chains also pose logistical hurdles for suppliers and
retailers in the market.
Browse over Thailand Tire Market data Figures spread through
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Thailand Tire Market is Segmented By Vehicle Type, By
Demand Category, By Tire Construction Type, and By Region.
The Thailand tire market is segmented by demand category
into OEM (Original Equipment Manufacturer) and Replacement sectors. OEM demand
stems from vehicle manufacturers who install tires during initial vehicle
production. This segment aligns closely with the automotive production cycle
and reflects trends in both passenger and commercial vehicle assembly. Tire
suppliers must meet specific technical and quality requirements to cater to OEM
partnerships. These tires are often tailored to match the unique performance
characteristics of different vehicle models.
In contrast, the replacement segment is driven by end-user
demand for tire replacements due to wear, puncture, or performance upgrades.
This segment covers a wide variety of consumer needs, including all-season,
performance, and budget tire categories. As vehicle usage intensifies,
especially in logistics and ride-sharing fleets, the replacement frequency
increases. Technological awareness and online shopping options influence
consumer choices in this category. Digital engagement, seasonal offers, and mobile
tire servicing are gaining popularity, making it easier for users to replace
tires without visiting a workshop. The replacement market is also influenced by
factors such as road quality, climate, tire maintenance practices, and customer
awareness of safety standards.
In 2024, Southern Thailand is experiencing a rapid increase
in tire demand, driven by growth in trade activities, port infrastructure, and
regional logistics networks. The movement of goods through coastal routes and
border points necessitates frequent tire replacement for commercial fleets.
Demand is also rising in tourism-linked transportation, where consistent
vehicle usage accelerates tire wear and replacement needs. The region’s hot climate contributes to faster tread wear,
increasing the need for heat-resistant and long-lifespan tires. As vehicle
owners seek better road grip and ride comfort in high-temperature conditions,
manufacturers and retailers are responding with product lines suited for
coastal and long-distance driving. Tire servicing networks are expanding, and
awareness around performance and safety is steadily improving across urban and
rural user bases.
Major Market Players Operating in Thailand Tire Market
Are:
- Bridgestone
Corporation
- Continental
AG
- Goodyear
Tire & Rubber Company
- Kumho
Tire Co. Inc.
- Maxxis
International (Cheng Shin Rubber Industry Co., Ltd.)
- Michelin
Group
- Pirelli
& C. S.p.A.
- Sumitomo
Rubber Industries Ltd
- Toyo
Tire Corporation
- Yokohama
Rubber Company Limited
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“The Thailand tire market is witnessing steady growth driven
by rising vehicle ownership, increasing demand for replacement tires, and
advancements in tire technologies. Economic development, urbanization, and
expanding logistics and e-commerce sectors are fueling tire consumption across
passenger and commercial vehicles. The shift toward electric vehicles and
fuel-efficient transportation is prompting innovation in tire design and
materials. Consumers are becoming more conscious of safety, performance, and
sustainability, influencing purchasing decisions. Despite challenges such as
raw material price fluctuations and counterfeit products, growing
infrastructure investments and digital retail adoption are expected to sustain
market momentum during the forecast period 2026–2030.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research based global management
consulting firm.
"Thailand Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicles (M&HCV), Off-the-Road Vehicles (OTR), Two-Wheelers, Three-Wheelers), By Demand Category (OEM vs Replacement), By Tire Construction Type (Radial vs Bias), By Region, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future
growth potential and provides data on market size, trends, and forecasts. It
aims to offer comprehensive market insights, helping decision-makers make
informed investment choices. The report also highlights emerging trends, key
drivers, challenges, and opportunities in the Thailand Tire Market.
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