Thailand Truck / Lorry Trailers Market (2025-2031) | Industry, Share, Outlook, Size, Growth, Forecast, Analysis, Revenue, Value, Trends & Companies

Thailand Truck / Lorry Trailers Market Synopsis

Thailand truck/lorry trailers market is estimated to register a CAGR of XX% during the forecast period (2025-2031). The demand for lorry or truck trailers in Thailand has been increasing significantly due to the rising industrialization, construction activities, and infrastructure developments. Moreover, the flourishing tourism sector in Thailand has also contributed to increased transportation activities leading to greater use of trailer trucks for shipping goods and services. However, strict regulations imposed by the government on cargo vehicles have limited growth opportunities in some areas.

Market Drivers

Increasing industrialization & construction activities are majorly driving the growth of Thailand truck/lorry trailer market. As per World Bank data, over last 10 years there is substantial increase in overall GDP index with highest value recorded at 7% in 2018 which shows that industry players are making more investments towards development projects thus boosting up market size for lorry trailers as they are used for shipping materials from one place to another quickly and efficiently especially when long distances need coverages like intercity transportations etc. Also Government initiatives such as One Belt One Road project will further strengthen bilateral relations between countries across Asia Pacific region leading towards higher trade volumes requiring more fleet movement enhancing usage rate of these trucks even more furthering its scope.

Challenges of the Market

The stringent emission norms set by authorities act as a restraint against the growth prospects of Thailand truck/lorry trailer market. The European Union had implemented Euro VI standards under their Emission Performance Standard (EPS) policy in 2014 which limits nitrogen oxide emissions level from commercial vehicles including rigid heavy duty trucks operating within EU member states thereby reducing environmental pollution levels caused by exhaust gases released through Diesel engines used frequently on these lorries hence exerting pressure on industries pursuing research & development works related with new technologies aiming to design eco friendly motorized units capable enough to meet regulatory requirements set forth without compromising performance rates however this entire process requires huge budgets which might not be feasible given current financial constraints faced by several production firms playing role here thus posing difficulties while accessing latest technological advancements available out there.

Covid-19 Impact on the Market

The truck and lorry trailer market in Thailand has been affected by the Covid-19 pandemic, resulting in a decline in demand for these vehicles. The restrictions on movement put in place to contain the spread of the virus have resulted in disruptions to supply chains, which has had a direct impact on sales of heavy trucks and trailers. However, factors such as increasing infrastructure spending and robust economic growth are expected to drive market growth during the forecast period (2025-2031).

Key Players of the Market

The key players operating in this market include Hino Motors Ltd., Isuzu Motors Co., Mitsubishi Fuso Truck & Bus Corporation, Siam Motors Co., Ltd., Nissan Diesel Motor Co., Samco Trucks (Thailand) Company Limited, Volvo Trucks (Thailand) Ltd., Mack Trucks Inc., SCG Logistics and MAN SE among others.

Key Highlights of the Report:

• Thailand Truck / Lorry Trailers Market Outlook
• Market Size of Thailand Truck / Lorry Trailers Market, 2024
• Forecast of Thailand Truck / Lorry Trailers Market, 2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Revenues & Volume for the Period 2021-2031
• Thailand Truck / Lorry Trailers Market Trend Evolution
• Thailand Truck / Lorry Trailers Market Drivers and Challenges
• Thailand Truck / Lorry Trailers Price Trends
• Thailand Truck / Lorry Trailers Porter's Five Forces
• Thailand Truck / Lorry Trailers Industry Life Cycle
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Articulated Dump Trucks for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Electric Dump Trucks for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Mechanical Dump Trucks for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Mining Industry for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Achitechive for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Municipal Services for the Period 2021-2031
• Historical Data and Forecast of Thailand Truck / Lorry Trailers Market Revenues & Volume By Other for the Period 2021-2031
• Thailand Truck / Lorry Trailers Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• Thailand Truck / Lorry Trailers Top Companies Market Share
• Thailand Truck / Lorry Trailers Competitive Benchmarking By Technical and Operational Parameters
• Thailand Truck / Lorry Trailers Company Profiles
• Thailand Truck / Lorry Trailers Key Strategic Recommendations