Thailand Warehousing Market is expected to Reach around THB 881 Billion by the year ending 2022: Ken Research

• Many distribution centers in Thailand are turning to technology and robotics to help them increase efficiency, accuracy and overall productivity in the near future.
• Rising standard of living of the people of Thailand coupled with a significant young population will create huge demand in the country for retail goods which will create opportunity for the logistics sector in a significant manner.

Thailand has become a manufacturing hub for various industries such as automotive, electronics, pharmaceuticals, agriculture and others. As geographical considerations of shipping directly to consumers is becoming more complex, many IT companies in the country are expanding their management systems and solutions which will allow warehouses to become more flexible in order to meet customer requirements in the future.

Warehousing facilities plays a vital role in the overall supply chain process. In Thailand, the companies operating within this segment were witnessed to adopt a warehouse management system that supports multi-location management, through effective order management, auto-refilling of inventory, auto generate purchase order to supplies and receiving automatic updates against inbound orders. For instance, DHL plans to invest in new facilities and IT solutions including a warehouse management system and transportation management system to increase the company’s efficiency and visibility. Emerging warehousing technologies such as EDI Communications, drones, Radio Frequency Identification (RFID), cloud storage and usage of robotic technology are further expected to boost the demand for warehousing facilities in Thailand.

Rising cross border trade activities between Thailand and its border countries such as Myanmar, Laos, Malaysia and Cambodia along with the FTAs signed by the Thai government over the past few years will support the warehousing industry in Thailand for effective storage needs.

Analysts at Ken Research in their latest publication “Thailand Warehousing Market Outlook to 2022 – By Business Model (Industrial / Retail Freight, Container Freight, Cold Storage, Agriculture and Others), By End Users (FMCG, Automotives, Electronics and Others; By Regional Landscape and By Third Party Warehousing” believe that resource expansion/ diversification, automation in warehousing and appropriate location preferences for setting up a logistics hub will create a positive impact on the market.

Thailand warehousing market is expected to register a positive CAGR of 2.5% during the forecast period 2018-2022. The market is further expected to be driven by continuous flow of FDI from foreign multi-nationals and the government’s efforts towards the development of logistics infrastructure and consistent economic growth.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/thailand-warehousing-market/157171-100.html

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