Product Code: ETC027405 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand rubber processing machinery and equipment market is expected to grow significantly during the forecast period from 2025 to 2031. This growth can be attributed to increasing demand for automobiles from the automotive sector, rising awareness about health and safety among consumers leading to increased use of synthetic rubbers in various industries, government initiatives in promoting rubber industry such as providing subsidies on imports of modernized machineries and technology, and growing urbanization across major cities of the country. Additionally, advancements in technologies like AI-based systems are also contributing towards boosting productivity and efficiency of these machines resulting in higher sales volumes over coming years.
The automotive industry is one of the major drivers behind the high demand for rubber processing machinery & equipment. Thailand automobile industry has witnessed robust growth with an increase in production volume due to efforts by local manufacturing companies and foreign automakers based out here. This steady surge results into a greater need for efficient rubber processing machinery that can meet their demands efficiently which subsequently boosts the sales volumes within this domain. Consumers are becoming more aware about potential hazards that come along with usage of low quality materials especially when it comes to medical supplies or consumables related products used by children often made up using cheaper rubbers containing hazardous substances such as heavy metals or phthalates etc., which raises concerns amongst parents regarding health & safety aspects associated with them leading them towards opting for safer alternatives i.e synthetic rubbers instead while making purchase decisions thus driving up its demand levels organically pushing forward need for advanced rubber processing machineries accordingly.
Despite being technologically advanced, installation cost incurred on purchasing latest versions related machines remains quite high restricting small scale industrialists from investing into same who form a majority share within this space thus limiting overall market expansion prospects going forward over near future.Lack of proper regulations have resulted into problems related with unorganised sectors not only causing environmental issues but also illegal dumping activities further hampering overall development aspect linked with it adversely affecting profit margins + ROI`s obtained by legitimate firms operating within this arena .
The Thailand rubber processing machinery and equipment market is likely to witness a significant impact due to the COVID-19 pandemic. The government has imposed lockdown restrictions on various industries which have had an adverse effect on the manufacturing activities of machinery and equipment used in rubber processing. It has also disrupted supply chain network, resulting in production disruption and decline in demand from major end-use industries such as automotive, construction, engineering etc. This has led to financial losses for manufacturers of these machines leading to job loses or wage cuts across the country.
Some of the key players operating in this market are Mitsubishi Heavy Industries Ltd., Siemens AG, ABB Ltd., FAG Bearing Corporation Inc., Honeywell International Inc., Yokogawa Electric Corporation, Nidec Corporation, Koyo Seiko Co. Ltd., Sumitomo Rubicon Corp., Oil States Industries Incorporated (OSI), Oerlikon Systems AG (Oerliksys) and others. These companies are well established within the industry offering advanced products with improved efficiency that help customer reduce costs while increasing productivity through innovative solutions like automation technology which further boost their position within this market space.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Rubber Processing Machinery and Equipment Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Rubber Processing Machinery and Equipment Market - Industry Life Cycle |
3.4 Thailand Rubber Processing Machinery and Equipment Market - Porter's Five Forces |
3.5 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Rubber Processing Machinery and Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Rubber Processing Machinery and Equipment Market Trends |
6 Thailand Rubber Processing Machinery and Equipment Market, By Types |
6.1 Thailand Rubber Processing Machinery and Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Small-scale, 2021-2031F |
6.1.4 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Large-scale, 2021-2031F |
6.2 Thailand Rubber Processing Machinery and Equipment Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Automobile, 2021-2031F |
6.2.3 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Household Electrical Appliances, 2021-2031F |
6.2.4 Thailand Rubber Processing Machinery and Equipment Market Revenues & Volume, By Other, 2021-2031F |
7 Thailand Rubber Processing Machinery and Equipment Market Import-Export Trade Statistics |
7.1 Thailand Rubber Processing Machinery and Equipment Market Export to Major Countries |
7.2 Thailand Rubber Processing Machinery and Equipment Market Imports from Major Countries |
8 Thailand Rubber Processing Machinery and Equipment Market Key Performance Indicators |
9 Thailand Rubber Processing Machinery and Equipment Market - Opportunity Assessment |
9.1 Thailand Rubber Processing Machinery and Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Rubber Processing Machinery and Equipment Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Rubber Processing Machinery and Equipment Market - Competitive Landscape |
10.1 Thailand Rubber Processing Machinery and Equipment Market Revenue Share, By Companies, 2024 |
10.2 Thailand Rubber Processing Machinery and Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |