Thailand Tyre Market Forecast and Opportunities, 2019

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

Thailand Tyre Market Forecast & Opportunities , 2019

I n d u s t r y B r i e f

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Thailand has emerged as one of the most preferred destinations for automobile production among global automotive

companies due to availability of cheap labor and geographical advantage of its location in the ASEAN region. Major global

auto OEMs like Toyota, Honda, Mitsubishi, Honda, Isuzu, Nissan, etc. have their manufacturing units in the country. Growing

automobile industry coupled with abundant availability of raw materials for manufacturing tyres has hugely benefited the

country’s tyre industry over the last decade. Though majority of the country’s population owns two wheelers, the overall

automobile fleet spanning across passenger cars, commercial vehicles and OTR vehicles continues to grow, and hence,

portrays a positive scenario for the tyre market in the country.

According to “Thailand Tyre Market Forecast & Opportunities, 2019”, the tyre market in Thailand is forecast to grow at

a CAGR of over 12% till 2019. Continuing growth in automobile production, rising automobile fleet, upcoming infrastructure

projects, abundance of rubber resources, and growth-oriented government initiatives are expected to drive the tyre market

in Thailand over the next five years. The two-wheeler tyre segment is anticipated to continue its domination in the country’s

tyre market during the forecast period, followed by passenger car tyre and commercial vehicle tyre segments. Central and

North East regions are likely to remain the leading contributors to the country’s overall tyre sales due to high population

density and the presence of major industrial hubs in these regions. Bridgestone, Michelin and Goodyear are the most

dominating tyre brands in Thailand. “Thailand Tyre Market Forecast and Opportunities, 2019” discusses the following

aspects about the tyre market in Thailand:

Thailand Tyre Market Size, Share & Forecast

Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres, Two-Wheeler Tyres, etc.

Policy & Regulatory Landscape

Changing Market Trends & Emerging Opportunities

Competitive Landscape & Strategic Recommendations

T a b l e o f C o n t e n t s

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S. No. Contents

1. Research Methodology

2. Market Overview

3. Analyst View

4. Thailand Tyre Production

5. Thailand Tyre Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type

5.2.2. By Region

5.2.3. By Company

6. Thailand Passenger Car Tyre Market Outlook


6.1.1. By Value

6.1.2. By Volume



7. Thailand Commercial Vehicle Tyre Market Outlook


7.1.1. By Value

7.1.2. By Volume


T a b l e o f C o n t e n t s C o n t d .

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S. No. Contents


8. Thailand Two-Wheeler Tyre Market Outlook


8.1.1. By Value

8.1.2. By Volume



9. Thailand OTR Tyre Market Outlook


9.1.1. By Value

9.1.2. By Volume



10. Thailand Retread Tyre Market Outlook


10.1.1. By Value

10.1.2. By Volume



11. Thailand Tyre Market Raw Material Analysis

12. Thailand Tyre Market Trade Analysis

12.1. Export Analysis

12.2. Import Analysis

T a b l e o f C o n t e n t s C o n t d .

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S. No. Contents

13. Thailand Tyre Market Dynamics

13.1. Drivers

13.2. Challenges

14. Thailand Tyre Market Trends & Developments

14.1. Increasing Demand For Fuel Efficient Tyres

14.2. Strong Vehicle Sales

14.3. Increasing Rubber Production

14.4. Growing R&D Activities

15. Policy & Regulatory Landscape

16. Thailand Economic Profile

17. Competitive Landscape

17.1. Thai Bridgestone Company Ltd.

17.2. Michelin Siam Co., Ltd.

17.3. Goodyear (Thailand) Public Company Limited

17.4. Yokohoma Tire Sales (Thailand) Co., Ltd.

17.5. Sumitomo Rubber (Thailand) Co. Ltd.

17.6. Pirelli & C.SpA

17.7. Deestone Company Limited

17.8. Apollo Tyres Limited

17.9. Vee Rubber International Co., Ltd.

17.10. Otani Tire Company Ltd.

18. Strategic Recommendations

19. About Us & Disclaimer

L i s t o f F i g u r e s

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•Figure 1: Thailand Tyre Production, By Volume, 2009 - 2013 (Units)

•Figure 2: Thailand Tyre Market Size, By Value, 2009 - 2013 (USD Billion)

•Figure 3: Thailand Tyre Market Size, By Value, 2014E – 2019F (USD Billion)

•Figure 4: Thailand Tyre Market Size, By Volume, 2009 – 2013 (Million Units)

•Figure 5: Thailand Tyre Market Size, By Volume, 2014E – 2019F (Million Units)

•Figure 6: Thailand Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 7: Thailand Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 8: Thailand Tyre Market Share, By Region, By Volume, 2013 & 2019F

•Figure 9: Thailand Tyre Market Share, By Company, By Value, 2013

•Figure 10: Thailand Tyre Market Share, By Company, By Value, 2019F

•Figure 11: Thailand Passenger Car Tyre Market Size, By Value, 2009 – 2013 (USD Billion)

•Figure 12: Thailand Passenger Car Tyre Market Size, By Value, 2014E – 2019F (USD Billion)

•Figure 13: Thailand Passenger Car Tyre Market Size, By Volume, 2009 – 2013 (Million Units)

•Figure 14: Thailand Passenger Car Tyre Market Size, By Volume, 2014E – 2019F (Million Units)

•Figure 15: Thailand Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 16: Thailand Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 17: Thailand Commercial Vehicle Tyre Market Size, By Value, 2009 – 2013 (USD Billion)

•Figure 18: Thailand Commercial Vehicle Tyre Market Size, By Value, 2014E – 2019F (USD Billion)

•Figure 19: Thailand Commercial Vehicle Tyre Market Size, By Volume, 2009 – 2013 (Million Units)

•Figure 20: Thailand Commercial Vehicle Tyre Market Size, By Volume, 2014E – 2019F (Million Units)

•Figure 21: Thailand Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 22: Thailand Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 23: Thailand Two-Wheeler Tyre Market Size, By Value, 2009 – 2013 (USD Billion)

L i s t o f F i g u r e s C o n t d .

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•Figure 24: Thailand Two-Wheeler Tyre Market Size, By Value, 2014E – 2019F (USD Billion)

•Figure 25: Thailand Two-Wheeler Tyre Market Size, By Volume, 2009 – 2013 (Million Units)

•Figure 26: Thailand Two-Wheeler Tyre Market Size, By Volume, 2014E – 2019F (Million Units)

•Figure 27: Thailand Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 28: Thailand Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 29: Thailand OTR Tyre Market Size, By Value, 2009 – 2019F (USD Billion)

•Figure 30: Thailand OTR Tyre Market Size, By Volume, 2009 – 2013 (Million Units)

•Figure 31: Thailand OTR Tyre Market Size, By Volume, 2014E – 2019F (Million Units)

•Figure 32: Thailand OTR Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 33: Thailand OTR Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 34: Thailand Retread Tyre Market Size, By Value, 2009 – 2019F (USD Million)

•Figure 35: Thailand Retread Tyre Market Size, By Volume, 2009 – 2019F (Million Units)

•Figure 36: Thailand Retread Tyre Market Share, By Vehicle Type, By Volume, 2013

•Figure 37: Thailand Retread Tyre Market Share, By Vehicle Type, By Volume, 2019F

•Figure 38: Raw Material Share in Tyre Manufacturing

•Figure 39: Thailand Tyre Exports, By Value, 2009 – 2013 (USD Billion)

•Figure 40: Thailand Tyre Exports Share, By Vehicle Type, By Value, 2013

•Figure 41: Thailand Tyre Imports, 2009 – 2013 (USD Billion)

•Figure 42: Thailand Tyre Imports Share, By Vehicle Type, By Value, 2013

•Figure 43: Thailand Natural Rubber Production, By Volume, 2009 – 2013 (Million Metric Tons)

L i s t o f T a b l e s

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•Table 1: Thailand Tyre WASP, 2013 & 2019F (USD)

•Table 2: Thailand Natural Rubber Exports, By Country, By Volume & Value, 2013

•Table 3: Thailand Natural Rubber Imports, By Country, By Volume & Value, 2013

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology :

For the study, TechSci Research has gathered information through primary research surveys with prominent tyre

suppliers based in Thailand and later verified the information from major distributors of automobile tyres in the

country. We also put through an exhaustive search of credible paid databases such as Business Week, Factiva,

Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected

information and presented them in chronological order to depict a meaningful and clear picture of the tyre market

in Thailand.

While compiling the data, we have also cross checked all the collected information from multiple sources and data

warehouses, so as to present the most accurate and precise information of the concerned industry.

Sources :

The Thailand Automobile Association, Thailand Rubber Council, Economic Intelligence Unit (EIU), Hoovers, Business

Week, Company Annual Reports, Factiva, One Source and News Articles

Companies InterviewedContinental, Goodyear, Bridgestone, Michelin, Toyo Tyres, Nam BeeRubber

S a m p l e D a t a - S n a p s h o t

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10.00

20.00

30.00

40.00

50.00

2009 2010 2011 2012 2013

Figure 1: Thailand Tyre Market Size,

By Value, 2009 - 2013 (USD Billion)

Two-wheeler,

25.00%

Passenger

Car, 25.00%Commercial

Vehicle, 25.00%

OTR,

25.00%Two-wheeler,

25.00%

Commercial

Vehicle, 25.00%

Commercial

Vehicle,

25.00%

OTR,

25.00%

Figure 3: Thailand Tyre Market Share,

By Vehicle Type, By Volume, 2013

Figure 4: Thailand Tyre Market Share,

By Vehicle Type, By Volume, 2019F

Northern Region

2013 2019F

X% X%

North East Region

2013 2019F

X% X%

Eastern Region

2013 2019F

X% X%Southern Region

2013 2019F

X% X%

Central Region

2013 2019F

X% X%

Figure 5: Thailand Tyre Market Share, By Region, By Volume, 2013 & 2019F

5 10 15 20 256

12

18

24

30

2009 2010 2011 2012 2013

OEM Sales

Replacement Sales

Figure 12: Thailand Two-Wheeler Tyre Market Size, By

Volume, 2009 – 2013 (Million Units)

Bridgestone,

14%

Michelin ,

14%

Goodyear,

14%Sumitomo ,

14%

Yokohoma,

14%

Continental,

14%

Others,

16%

Figure 6: Thailand Tyre Market Share, By

Company, By Value, 2013

R e p o r t O r d e r i n g

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Thailand Tyre Market Forecast and Opportunities, 2019