- August 27, 2024
- Frico Tire
Thai Tire Change and Unchanged
Looking ahead, it is expected that from 2023 to 2025, the production of automotive parts will grow at an average annual rate of 3.5% to 4.5%. In 2023, growth will continue to face some limitations due to the ongoing U.S.-China technology war, particularly the U.S. ban on the export of chip-related technologies, which may cause periodic semiconductor shortages. However, the situation is expected to improve in 2024 and 2025, as investments begin to yield results and global supply constraints ease. These investments include $52 billion, $10 billion, and $6.8 billion in new chip production facilities in the U.S., Germany, and Japan, respectively, as well as TSMC’s $12 billion expansion of its wafer capacity. This will support growth in the Original Equipment Manufacturer (OEM) market, while demand in the REM market will expand in tandem with the increasing number of vehicles.
The Current Global Landscape of Thailand Tire Industry and the Advantages of Our Frico Tyre Brand
In 2022, thailand tire industry exports grew by 4.8%, reaching $6.9 billion. Although this growth rate was lower than the 20.4% seen in 2021, the U.S. market remained a strong pillar of support. Despite the U.S. government’s anti-dumping measures imposed on imported Thai tires, particularly for passenger and light truck tires, on May 27, 2021, sales in the U.S. market still increased by 2.3%, reaching $3.2 billion. The tariffs on Thai imports, ranging from 14.62% to 21.09%, were still lower than those imposed on similar tires from South Korea (14.72% to 27.05%) and Taiwan (20.04% to 101.84%). Additionally, the ongoing expansion of the U.S. fleet and consumers’ tendency to delay purchasing new vehicles have kept the Replacement Equipment Market (REM) vibrant, with demand rising as a result. According to S&P Global Mobility, the average age of vehicles on U.S. roads reached a historic high of 12.2 years as of 2021.
Looking ahead, it is expected that from 2023 to 2025, the production of automotive parts will grow at an average annual rate of 3.5% to 4.5%. In 2023, growth will continue to face some limitations due to the ongoing U.S.-China technology war, particularly the U.S. ban on the export of chip-related technologies, which may cause periodic semiconductor shortages. However, the situation is expected to improve in 2024 and 2025, as investments begin to yield results and global supply constraints ease. These investments include $52 billion, $10 billion, and $6.8 billion in new chip production facilities in the U.S., Germany, and Japan, respectively, as well as TSMC’s $12 billion expansion of its wafer capacity. This will support growth in the Original Equipment Manufacturer (OEM) market, while demand in the REM market will expand in tandem with the increasing number of vehicles.
The Advantages of Our Frico Thailand Tire Brand
Amid this evolving global landscape, our Frico brand tires, produced in thailand tire industry, stand out with several key advantages:
Superior Product Quality: Our Frico tyre are manufactured with the highest quality standards, ensuring durability, performance, and safety. This commitment to quality makes Frico a trusted choice for customers worldwide. Flexible Sales Policies:
We understand the diverse needs of our customers and offer flexible sales policies to meet these demands. Whether it’s bulk orders or customized solutions, Frico adapts to provide the best service. Zero Tariff Advantage from Cambodia:
In addition to our production facilities in Thailand, we also manufacture tires in Cambodia, where exports enjoy zero tariffs. This strategic advantage allows us to offer competitive pricing and seamless supply chain management, benefiting our customers across different markets.
As the global automotive market continues to evolve, our Frico brand is well-positioned to capitalize on emerging opportunities, offering top-quality tires backed by strategic advantages and a commitment to customer satisfaction.
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Frico thailand tyre manufacturers boasts of an illustrious history spanning back almost a century since its inception in 1929. Our experience in producing high-quality tires is second to none, having been part of the rubber industry’s evolution from a fledgling industry to the behemoth it is today. Throughout our history, Frico tire has made remarkable contributions to the world tire industry, a testament to our mission of providing our customers with best-in-class tire solutions.
Frico tire Co., Ltd. （thailand tyre manufacturers）is a well-known tire manufacturing enterprise renowned for producing high-quality tire solutions，which tyre made in thailand. Our headquarters are situated in the bustling city of Bangkok while our intelligent production plant is in Rayong Rubber Industrial Park. Our comprehensive range of products includes TBR, OTR, and more. Thanks to the strong technical research and development capabilities, we have managed to emerge as a national technical center.
Our products are known for stable and reliable quality, with a broad spectrum of specifications and models to choose from.Besides, thai tires are certified by reputable and prominent organizations such as the U.S. Department of Transportation (DOT), European Economic Center (ECE), and Brazil’s INMETRO. With our products sold in over 100 countries worldwide, we are committed to delivering exceptional products and services that keep our customers satisfied.
