THAILAND AUTOMOTIVE AFTERMARKET MARKET

Thailand Automotive Aftermarket Market Overview 

Thailand Automotive Aftermarket Market Size was valued at USD XX billion in 2025 and is forecast to touch USD XX billion in 2033, and the market is expected to grow at a CAGR of 4.1% from 2026-2033 primarily driven by large size of vehicle in operation (VIO), increase in average vehicle age, recovery in new vehicle sales coupled with millions of vehicle are out of warranty in 2025.

Market Size & Forecast:

• • 2025 – USD XX Billion
  • 2033 – USD XX Billion
  • Market Forecast – CAGR of 4.1% from 2026-2033

Key Segment Insights:

• • Replacement Part Type Insights: Tires hold the largest market share in 2024.
  • Vehicle Type Insights: Passenger cars accounted for the highest market share.
  • Parts Certification Type Insights: independent aftermarket (IAM), which comprises of OE and aftermarket parts is projected to grow at a robust rate during the forecast period.
  • Sales Channel Insights: Online sales channel is forecast to grow at a robust growth rate during the forecast period

Thailand Automotive Aftermarket Market Trends

The robust growth in EV adoption in the country present a challenge for the automotive aftermarket as EV has significantly lower number of moving parts compared to internal combustion engine vehicles. According to the Federation of Thai Industries (FTI), EV sales in the country reached 120,301 units with a market share of 19.8% in 2025 owing to growing availability of EV models and supportive government initiatives such as the EV 3.5 program. . The surge in EV sales will hamper market growth of auto parts industry in the years to come.

Thailand Automotive Aftermarket Parts and Component Market Drivers

Large Size of Vehicle in Operation (VIO)

In ASEAN, Thailand has the largest number of registered vehicle in 2024, the country ranked first in terms of registered passenger car and also Thailand has the second highest passenger cars per 1,000 adult population only after Malaysia in ASEAN. The country’s VIO is expanding at a steady rate owing to rise in income level and growth in GDP is creating opportunities for automotive aftermarket parts companies during the forecast period.

Increase in Average Vehicle Age

Average vehicle age in Thailand is on the rise owing to continuous decline in new vehicles sales post 2019 except 2022 and 2023 when the sales grew at positive rate however the passenger car sales again plunged in 2024 by -16.4% over 2023. Only 11% of the totals passenger cars in the VIO are less than six years old and 89% of the passenger cars are more than 6 years old in 2024 reflect the ageing vehicle fleet in Thailand. Consumers are keeping their existing cars longer than expected instead of replacing them primarily owing to difficult in getting car loans as bank become more stringent in giving loans due to surge in non-performing loans (NPLs). The rise in average vehicle is fuelling growth for auto aftermarket parts as older vehicles require more maintenance, parts replacement, and repair services.

Recovery in New Vehicle Sales

Thailand’s car market is rebounding after two weak years, with sales rising 20.6% year-on-year in November as per AfMA, signalling early recovery momentum. The newly elected government in 2026 hopefully will bring more stability leading to boost in consumer confidence will drive stronger recovery in the year to come. The projected growth in vehicle sales is expected to drive the total number of registered vehicle in the country during the forecast period. 

Thailand Automotive Aftermarket Parts Market Segment Analysis

Replacement Part Type Market Insights: Tires hold the largest market share in 2024.

Tires dominated the automotive aftermarket revenues in 2024 owing to large vehicle fleets and tires also goes through more wear and tear. Rising average vehicle age is driving demand for aftermarket parts as the more older the vehicles get, the more they need maintenance and more parts replacement owing to more wear and tear. This is increasing the demand for mechanical parts such as engine, suspension and other parts.

Vehicle Type Market Insights: Passenger cars accounted for the highest market share 

Passenger cars hold the highest market share in 2024 owing to as they accounted for the largest share of all the vehicles in the VIO. Passenger cars aftermarket segment sales is driven by ageing vehicle fleet, sheer number of PC in VIO and recovery in the new pc sales.

Parts Certification Type Market Insights: independent aftermarket (IAM), which comprises of OE and aftermarket parts is projected to grow at a robust rate during the forecast period.

Independent aftermarket (IAM) constitutes of OE and aftermarket parts dominates the market revenues and is gaining momentum owing to rise in average vehicle age as owners of older vehicles tends to choose economical parts and this favours IAM as IAM parts prices are much more competitive than genuine parts. The demand for genuine parts is projected to get traction in coming years as new car sales is forecast to rebound.

Sales Channel Market Insights: Online sales channel is forecast to grow at a robust growth rate during the forecast period

The offline channel accounted for the largest market share in 2024 however, online sales of parts is getting traction and is projected to grow at a very high rate during the forecast period till 2032. Customers growing preference to purchase vehicle parts online due to convenience will further fuel the market growth.

Thailand Automotive Aftermarket Industry Major Players & Competitive Landscape

Several leading companies are Toyota, Honda, Denso, ZF, Delphi, Bosch, Isuzu, Mitsubishi, Nissan, Bridgestone, Continental, Niterra, AISIN, MAHLE, EXEDY, Schaeffler and many more.

Thailand Automotive Aftermarket Industry Recent Mergers & Acquisitions

M&A activity in Thailand’s is on the rise primarily driven by growth in deals across automotive, electronics etc. In the automotive industry, cross-border acquisitions increased as firms targeted EV technologies and advanced manufacturing capabilities, using M&A to expand globally and access innovation.

Thailand Automotive Aftermarket Scope of the Report

Thailand Automotive Aftermarket Research Report Segmentation

The Thailand Automotive Aftermarket has been segmented on the basis of vehicle type, certification, replacement part. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. By replacement parts, the market is segmented into tire, battery, brake parts, filters, Lighting Components, Electronic components, Lubricants, Clutch Parts, Engine Components and others. Based on certification, the market has been segmented into Genuine Parts, Certified Parts and Others. Based on the Sales Channel, the market is segmented into Offline Channel and Online Channel.

Thailand Automotive Aftermarket Market by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Thailand Automotive Aftermarket Market by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter
    • Oil Filter
    • Others
  • Lighting Components
  • Electronic components
  • Lubricants
  • Clutch Parts
  • Engine Components
    • Timing Belt
    • Spark Plugs
    • Others
  • Others

Thailand Automotive Aftermarket Market by Certification

• • Genuine Parts
  • Certified Parts
  • Others

Thailand Automotive Aftermarket Market by Sales Channel

• • Offline Channel
  • Online Channel

Thailand Automotive Aftermarket Market Leading players

• • Toyota Motor Corporation

  • Honda Motor Co., Ltd.

  • Denso

  • ZF Friedrichshafen AG

  • Delphi Technologies

  • Bosch

  • Isuzu Motors Ltd.

  • Mitsubishi Motors Corporation

  • Nissan Motor Co., Ltd.

  • Bridgestone Corporation

  • Continental AG

  • Niterra Co., Ltd.

  • Aisin Corporation

  • MAHLE GmbH

  • EXEDY Corporation

  • Schaeffler Group