Product Code: ETC036705 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Hardware Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 3.23% in 2025 and reaches 13.20% by 2029.
By 2027, the Hardware market in Thailand is anticipated to reach a growth rate of 5.12%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The hardware market in Thailand is set to grow at an impressive rate during the forecasted period of 2025-2031, with a CAGR of 8%. This can be attributed to the increasing demand for construction and infrastructure expansion projects in both urban and rural parts of the country. Additionally, due to higher disposable income levels among consumers, there has been a growing demand for household appliances such as air conditioners (ACs), refrigerators, washing machines and other similar products. Such factors are expected to boost the growth of this market over the next few years.
The rising popularity of Do-It-Yourself (DIY) culture along with technological advancements resulting in easy availability of tools and equipment will drive the overall hardware market in Thailand. The increase in adoption of smart home solutions by Thailand consumers will support the growth prospects for this market over the forecast period. Further, favorable government initiatives such as tax incentives on energy efficient domestic appliances are also providing impetus to this industry???s growth momentum.
The rising popularity of Do-It-Yourself (DIY) culture along with technological advancements resulting in easy availability of tools and equipment will drive the overall hardware market in Thailand. The increase in adoption of smart home solutions by Thailand consumers will support the growth prospects for this market over the forecast period. Further, favorable government initiatives such as tax incentives on energy efficient domestic appliances are also providing impetus to this industry???s growth momentum.
The outbreak Covid-19 pandemic had severe ramifications on almost all industries including that operating out of Thailand based upon some reports it was observed that these companies were heavily affected due to global supply chain disruptions caused by virus spread which lead to significant reduction orders received from clients located outside its borders however since mid 2025 things have started improving gradually leading towards recovery phase where some businesses have even registered improvements compared before pandemic stage nevertheless complete restoration remains uncertain since long term consequences continue remain unknown factor yet .
Some major players dominating Thailand Hardware Market include Stanley Black & Decker Inc., Apex Tool Group LLC., LIXIL Corporation, Kohler Co., Robert Bosch GmbH etc.
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 Hardware Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Hardware Market - Industry Life Cycle |
3.4 Thailand Hardware Market - Porter's Five Forces |
3.5 Thailand Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Thailand Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Hardware Market Trends |
6 Thailand Hardware Market, By Types |
6.1 Thailand Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Hardware Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.4 Thailand Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.5 Thailand Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.6 Thailand Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 Thailand Hardware Market Import-Export Trade Statistics |
7.1 Thailand Hardware Market Export to Major Countries |
7.2 Thailand Hardware Market Imports from Major Countries |
8 Thailand Hardware Market Key Performance Indicators |
9 Thailand Hardware Market - Opportunity Assessment |
9.1 Thailand Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Thailand Hardware Market - Competitive Landscape |
10.1 Thailand Hardware Market Revenue Share, By Companies, 2024 |
10.2 Thailand Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |