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Passenger Car Tires Market in Thailand 2015-2019

Passenger Car Tires Market in Thailand 2015-2019

About Passenger Car Tires

Thailand is one of the leading rubber producing countries in the world. Its rubber processing industries are flourishing, especially those that manufacture tires and gloves. In 2011, Thailand Thailand had 74 passenger cars per 1,000 people, indicating enormous potential for passenger car sales. Thus, Thailand is one of the most significant markets for tire manufacturers.

The country's GNI per capita (PPP) increased by 45.05%, from $9,230 in 2005 to $13,430 in 2013. This continuous rise fueled passenger car sales. Furthermore, the country had about 5.41 million passenger cars in use the same year. This translated into growth of associated markets such as the tire market.

The market comprises prominent tire manufacturers, such as Michelin, Pirelli, Bridgestone, Toyo Tire, Yokohama, Goodyear, and Continental Tires; and also established automobile manufacturers, such as Ford, Mazda, General Motors, Honda, Mercedes-Benz, Toyota, and Nissan. While the tire market in general witnessed growth, it was affected by the drastic fall in automobile production and sales during 2014. The primary reasons for the decline included political instability, slow economic growth, and removal of Thai Prime Minister Yingluck Shinawatra. Though passenger car sales are expected to experience a decline in 2015 as well, experts believe that the passenger car market in Thailand is expected to become stable by the end of 2015.

Technavio's analysts forecast the passenger car tire market in Thailand to grow at a CAGR of 4.03% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in Thailand for 2015–2019. It also covers forecasts and analyses of the market in terms of volume. The market includes the following segments:

  • OEM segment
  • Replacement segment
The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the passenger car tire market in Thailand. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Thailand. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, Passenger Car Tire Market in Thailand 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the passenger car tire market in Thailand and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Prominent Vendors
  • Apollo Tyres
  • Continental
  • Cooper Tire & Rubber
  • Deestone
  • Falken Tire
  • Goodyear (Thailand)
  • Kumho Tire
  • Maxxis International
  • Michelin Siam
  • Nokian Tyres
  • Pirelli
  • PT Gajah Tunggal (GT Radial)
  • Sumitomo Rubber (Thailand)
  • Thai Bridgestone
  • Toyo Tire & Rubber
  • Vee Rubber International
  • Yokohama Rubber
  • Market Driver
    • Abundance of Natural Rubber
    • For a full, detailed list, view our report
    Market Challenge
    • Political Unrest Impacting Vendor Confidence
    • For a full, detailed list, view our report.
    Market Trend
    • Increase in Online Tire Purchases
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in Thailand 2015-2019

    Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in Thailand: Apollo Tyres Ltd., Continental AG, Cooper Tire & Rubber Co., Deestone Company Ltd., Goodyear (Thailand) Public Company Ltd., Kumho Tire Co. Inc., Maxxis International, Michelin Siam Co. Ltd., Nokian Tyres Plc, Pirelli & C. SpA, PT Gajah Tunggal Tbk. (GT Radial), Sumitomo Rubber (Thailand) Co. Ltd., Thai Bridgestone Company Ltd., Toyo Tire & Rubber Co., Vee Rubber International Co., Ltd., Yokohama Rubber Co. Ltd.

    Commenting on the report, an analyst from Technavio’s team said: “The application of bio-oils in tire manufacture is a critical trend observed in this market. Oils are an important raw material used in tire manufacturing and three types of oils are used, namely, paraffinic oils, aromatic oils, and naphthenic oils. An increasing trend has been seen in the tire industry of tire manufacturers using more environmentally friendly raw materials.”

    According to the report, the augmented need for replacement of old and damaged tires is a market driver that promotes growth in this market. A well-selected and maintained tire, in addition to providing greater comfort and ride quality, contributes greatly to the safety of the vehicle occupants, improved fuel economy, and better stopping and handling on all road conditions.

    Further, the report states that increasing instances of tire retreading is a major challenge faced by this market. Typically, the cost of retreading and remounting the same casing costs around half the price of a new tire. Retread tires provide the twofold benefit of fewer raw materials and less harm to the environment.

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
      • Overview of Tire Market
        • Table Tire Manufacturing Process
      • Key Tire Manufacturers Segmentation by Geography
        • Table Key Tire Manufacturers Segmentation by Geography
      • Raw Materials Price breakdown
        • Table Raw Materials Price Breakdown
      • Tire Industry Supply Chain
        • Suppliers
        • Tire Manufacturers
        • OEMs
        • Replacement Tire Market
      • Tires: Distribution Channels
      • Life Cycle of Tires
      • Factors Affecting Tire Prices
    • Market Landscape
      • Passenger Car Market in Thailand
        • Market size
          • Table Passenger Car Production in Thailand 2009-2014 (thousands of units)
          • Table Passenger Car Sales in Thailand 2009-2014 (thousands of units)
      • Passenger Car Tire Market in Thailand 2014-2019
        • Table Statistics of Thailand
        • Market Size and Forecast
          • Table Passenger Car Tire Market in Thailand 2014-2019 (millions of units)
    • Market Segmentation by Customer
      • Table Passenger Car Tire Market in Thailand by Customer 2014-2019 (by volume)
      • OEMs Passenger Car Tire Market in Thailand
        • Market Size and Forecast
          • Table OEMs Passenger Car Tire Market in Thailand (millions of units)
      • Replacement Passenger Car Tires Market in Thailand 2014-2019
        • Market Size and Forecast
          • Table Replacement Passenger Car Tires Market in Thailand (millions of units)
      • Five Forces Analysis
    • Buying Criteria
    • Market Growth Drivers
      • Table Key Drivers of the Passenger Car Tire Market in Thailand
      • Table Natural Rubber Production in Thailand 2005-2014 (thousands of tons)
      • Table On-road Passenger Cars in Thailand 2009-2013 (thousands of units)
    • Drivers and their Impact
    • Market Challenges
      • Table Key Challenges of the Passenger Car Tire Market in Thailand
    • Impact of Drivers and Challenges
    • Market Trends
      • Table Key Trends of the Passenger Car Tire Market in Thailand
    • Trends and their Impact
    • Vendor Landscape
      • Competitive scenario
        • Table Key Vendors in Passenger Car Tire Market in Thailand (2014)
      • Key News
    • Key Vendor Analysis
      • Apollo Tyres
        • Key Facts
        • Business Overview
        • Product Segmentation by Revenue 2013
          • Table Apollo Tyres: Product Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue 2013
          • Table Apollo Tyres: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Continental
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Continental: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Continental: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
        • Geographical Segmentation 2013
          • Table Continental: Geographical Segmentation 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Cooper Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Deestone
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Goodyear Thailand
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Kumho Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Kumho Tire : Product Segmentation
        • Business Segmentation by Revenue 2013
          • Table Kumho Tire : Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Kumho Tire : Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Kumho Tire : Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Maxxis International
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Maxxis International: Product Segmentation
        • Geographical Segmentation
          • Table Maxxis International: Geographical Segmentation
        • Recent Developments
        • SWOT Analysis
      • Michelin Siam Group
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Nokian Tyres
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Nokian Tyres: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Nokian Tyres: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Nokian Tyres: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Pirelli
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Pirelli: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Pirelli: Geographical Segmentation by Revenue 2013
        • Sales Segmentation by End-markets 2013
          • Table Pirelli: Sales Segmentation by End-markets 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • GT Radial (PT Gajah Tunggal Tbk.)
        • Key facts
        • Business overview
        • Product segmentation
          • Table GT Radial: product segmentation
        • Recent developments
        • SWOT analysis
      • Sumitomo Corporation Thailand
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Thai Bridgestone
        • Key Facts
        • Business Overview
        • Product Category
          • Table Thai Bridgestone: Product Category
        • Recent Developments
        • SWOT Analysis
      • Toyo Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Vee Rubber
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Vee Rubber: Product Segmentation
        • SWOT Analysis
      • Yokohama Rubber
        • Key Facts
        • Business Overview
        • Business segmentation by revenue 2014
          • Table Yokohama Rubber: Business Segmentation by Revenue 2014
        • Business Segmentation by Revenue 2013 and 2014
          • Table Yokohama Rubber: Business Segmentation by Revenue 2013 and 2014 ($ billion)
        • Geographical Segmentation by Revenue 2014
          • Table Yokohama Rubber: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
    • Other Reports in this Series

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