Automotive
| October, 2020

Thailand Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities, 2025

Thailand tire market is poised to witness a CAGR of around 4.90% through 2025 owing to the presence of large number of renowned tire manufacturers who have their production bases in the country and abundant availability of natural rubber. The country is among the largest global producers of natural rubber, which is the prime raw material used in production of tires. Furthermore, the consistently increasing tire prices and expanding automobile fleet size are some other key factors supporting the growth of Thailand tire market. The industry is also getting major boost from developing transportation infrastructure and rising vehicle exports. Moreover, the government is also taking diverse measures to gear up for green automotive production, which is expected to positively impact the Thailand tire market in the coming years.

Thailand tire market is segmented based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the market can be categorized into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three-wheeler. Among them, the light commercial vehicle segment dominated the Thailand tire market in 2019 and the segment is poised to grow at healthy rate until 2025. The growth of the segment can be attributed to increasing demand from end use industries for transportation of goods.

Major companies operating in Thailand tire market are Bridgestone Sales (Thailand) Co. Ltd, Michelin Thailand, Sumitomo Corporation Thailand, Deestone Group, Goodyear (Thailand) Public Company Limited, Yokohama Tire Sales (Thailand) Co., Ltd., TOYO TIRES Thailand, Hankook Tire Thailand Co., Ltd., Continental Tyres (Thailand) Co., Ltd. and Pirelli MOTO (Thailand), among others. With the entry of global brands like Nokian and Apollo, the market has become highly competitive. Leading companies are adopting growth strategies such as product innovation, mergers & acquisitions, joint ventures and partnerships to maintain their position in the market.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

To analyze and forecast the market size of Thailand tire market.
To classify and forecast Thailand tire market based on vehicle type, demand category, radial vs bias, rim size, company and Region.
To identify drivers and challenges for Thailand tire market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Thailand tire market.
To identify and analyze the profile of leading players involved in the manufacturing tires in Thailand.

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Thailand.

TechSci Research calculated the market size for Thailand tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Tire manufacturers, suppliers, distributors and other stakeholders
Vehicle manufacturing companies
Raw material suppliers
Associations, organizations, forums and alliances related to tires
Government bodies such as regulatory authorities and policy makers
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Thailand tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Thailand Tire Market, By Vehicle Type:

o Passenger Car

o Two-Wheeler

o Medium & Heavy Commercial Vehicle

o Light Commercial Vehicle

o Off-The-Road Vehicle (OTR)

o Three-Wheeler

Thailand Tire Market, By Demand Category:

OEM
Replacement

Thailand Tire Market, By Radial vs Bias
Thailand Tire Market, By Rim Size
Thailand Tire Market, By Region:

Northern
Eastern
Bangkok
Southern
Western
Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Thailand tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Thailand Tire Market

4. Executive Summary

5. Voice of Customer

5.1. Brand Awareness & Recall

5.2. Brand Satisfaction

5.3. Challenges & Unmet Needs

6. Thailand Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2. By Demand Category (OEM Vs. Replacement)

6.2.3. By Radial Vs Bias

6.2.4. By Rim Size

6.2.5. By Company (2019)

6.2.6. By Region

6.3. Market Attractiveness Index

6.3.1. By Vehicle Type

7. Thailand Passenger Car Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Demand Category

7.2.3. By Radial Vs Bias

7.2.4. By Rim Size

7.2.5. By Tire Size

7.3. Market Attractiveness Index

7.3.1. By Rim Size

7.3.2. By Price Segment

8. Thailand Two-Wheeler Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Demand Category

8.2.3. By Radial Vs Bias

8.2.4. By Rim Size

8.2.5. By Tire Size

8.3. Market Attractiveness Index

8.3.1. By Rim Size

8.3.2. By Price Segment

9. Thailand Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Demand Category

9.2.3. By Radial Vs Bias

9.2.4. By Rim Size

9.2.5. By Tire Size

9.3. Market Attractiveness Index

9.3.1. By Rim Size

9.3.2. By Price Segment

10. Thailand Light Commercial Vehicle Tire Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Demand Category

10.2.3. By Radial Vs Bias

10.2.4. By Rim Size

10.2.5. By Tire Size

10.3. Market Attractiveness Index

10.3.1. By Rim Size

10.3.2. By Price Segment

11. Thailand OTR Tire Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Vehicle Type

11.2.2. By Demand Category

11.2.3. By Radial Vs Bias

11.2.4. By Rim Size

11.2.5. By Tire Size

11.3. Market Attractiveness Index

11.3.1. By Rim Size

11.3.2. By Price Segment

12. Thailand Three-Wheeler Tire Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Share & Forecast

12.2.1. By Vehicle Type

12.2.2. By Demand Category

12.2.3. By Radial Vs Bias

12.2.4. By Rim Size

12.2.5. By Tire Size

12.3. Market Attractiveness Index

12.3.1. By Rim Size

12.3.2. By Price Segment

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Import Export Analysis

15. Market Trends & Developments

16. Policy and Regulatory & Landscape

17. Thailand Economic Profile

18. Competitive Landscape

18.1. Competition Outlook

18.2. Players Profiled (Leading Companies)

18.2.1. Bridgestone Sales (Thailand) Co. Ltd

18.2.1.1. Company Overview

18.2.1.2. Products & Services

18.2.1.3. Financials (If available)

18.2.1.4. Current & Future Strategy

18.2.1.5. Key Management

18.2.1.6. Contact Details

18.2.2. Michelin Thailand

18.2.3. Sumitomo Corporation Thailand

18.2.4. Deestone Group

18.2.5. Goodyear (Thailand) Public Company Limited

18.2.6. Yokohama Tire Sales (Thailand) Co., Ltd.

18.2.7. TOYO TIRES Thailand

18.2.8. Hankook Tire Thailand Co., Ltd.

18.2.9. Continental Tyres (Thailand) Co., Ltd.

15. Strategic Recommendations

16. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

List of Figures

Figure 1: Thailand Tire Market - Factors Influencing Purchase Decision (N=75)

Figure 2: Thailand Tire Market - Aided Brand Recall (N=75)

Figure 3: Thailand Tire Market - Unaided Brand Recall (N=75)

Figure 4: Thailand Tire Market - Brand Switching (N=75)

Figure 5: Thailand Tire Market - Brand Switching Attributes (N=75)

Figure 6: Thailand Tire Market - Brand Satisfaction Level, By Stability on Road (N=75)

Figure 7: Thailand Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

Figure 8: Thailand Tire Market - Brand Satisfaction Level, By Performance (N=75)

Figure 9: Thailand Tire Market - Brand Satisfaction Level, By Pricing (N=75)

Figure 10: Thailand Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

Figure 11: Thailand Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 12: Thailand Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

Figure 13: Thailand Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 14: Thailand Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 15: Thailand Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

Figure 16: Thailand Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

Figure 17: Thailand Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

Figure 18: Thailand Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

Figure 19: Thailand Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

Figure 20: Thailand Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

Figure 21: Thailand Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

Figure 22: Thailand Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

Figure 23: Thailand Tire Market Share, By Company, By Volume, 2019-2025F

Figure 24: Thailand Tire Market Share, By Region, By Volume, 2019-2025F

Figure 25: Thailand Tire Market Share, By Region, By Volume, 2019 & 2025F

Figure 26: Thailand Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 27: Thailand Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Units) 2015-2025F

Figure 28: Thailand Two-wheeler Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

Figure 29: Thailand Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 30: Thailand Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 31: Thailand Two-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 32: Thailand Two-Wheeler Tire Market Share, By Tire Size, By Volume, 2019

Figure 33: Thailand Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 34: Thailand Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Units) 2015-2025F

Figure 35: Thailand Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

Figure 36: Thailand Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 37: Thailand Passenger Car Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 38: Thailand Passenger Car Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019-2025F

Figure 39: Thailand Passenger Car Tire Market Share, By Tire Size, By Volume, 2019

Figure 40: Thailand Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025

Figure 41: Thailand Light Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 42: Thailand Light Truck Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

Figure 43: Thailand Light Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 44: Thailand Light Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 45: Thailand Light Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 46: Thailand Light Truck Tire Market Share, By Tire Size, By Volume, 2019

Figure 47: Thailand Light Truck Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 48: Thailand OTR Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 49: Thailand OTR Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

Figure 50: Thailand OTR Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 51: Thailand OTR Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 52: Thailand OTR Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 53: Thailand OTR Tire Market Share, By Tire Size, By Volume, 2019

Figure 54: Thailand OTR Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 55: Thailand Heavy Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 56: Thailand Heavy Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 57: Thailand Heavy Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 58: Thailand Heavy Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 59: Thailand Heavy Truck Tire Market Share, By Tire Size, By Volume, 2019

Figure 60: Thailand Medium Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 61: Thailand Medium Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 62: Thailand Medium Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 63: Thailand Medium Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 64: Thailand Medium Truck Tire Market Share, By Tire Size, By Volume, 2019-2025F

Figure 65: Thailand Bus Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 66: Thailand Bus Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

Figure 67: Thailand Bus Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 68: Thailand Bus Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 69: Thailand Bus Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 70: Thailand Bus Tire Market Share, By Tire Size, By Volume, 2019-2025F

Figure 71: Thailand Bus Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 72: Thailand Three-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

Figure 73: Thailand Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

Figure 74: Thailand Three-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

Figure 75: Thailand Three-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

Figure 76: Thailand Three-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

Figure 77: Thailand Three-Wheeler Tire Market Share, By Tire Size, By Volume, 2019-2025F

Figure 78: Thailand Three-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

Figure 79: Thailand Tire Imports, By Value, 2014-2019 (USD Million)

Figure 80: Thailand Passenger Car Tire Imports, By Value, 2014-2019 (USD Million)

Figure 81: Thailand Commercial Vehicle Tire Imports, By Value, 2014-2019 (USD Million)

Figure 82: Thailand Two-Wheeler Tire Imports, By Value, 2014-2019 (USD Million)

Figure 83: Thailand Tire Import Share, By Vehicle Type, By Value, 2018

Figure 84: Thailand Tire Exports, By Value, 2014-2019 (USD Million)

Figure 85: Thailand Passenger Car Tire Exports, By Value, 2014-2019 (USD Million)

Figure 86: Thailand Commercial Vehicle Tire Exports, By Value, 2014-2019 (USD Million)

Figure 87: Thailand Two-Wheeler Tire Exports, By Value, 2014-2019 (USD Million)

Figure 88: Thailand Tire Export Share, By Vehicle Type, By Value, 2018

Figure 89: Thailand Rubber Production, By Volume, 2014-2019 (Million Tons)

List of Tables

Table 1: Thailand Tire Production, By Region, By Country, By Company & Plant Location, 2018

Table 2: Thailand Vehicle Fleet (Car, CV), By Volume, 2014-2015 (Thousand Units)

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Thailand Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities, 2025

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Thailand Tire Market