Thailand Freight And Logistics Market 2022 Global Insights and Business Scenario – Unithai Group, MON Logistics Group Co. Ltd, Kiattana Transport Public Company Limited

Market Insights Reports has added new statistical data to its repository titled as, Thailand Freight And Logistics Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Thailand Freight And Logistics market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Thailand freight and logistics market is expected to witness a CAGR of 6% during the forecasted period.

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Top Key Players in the Thailand Freight And Logistics Market are Unithai Group, MON Logistics Group Co. Ltd, Kiattana Transport Public Company Limited, JWD InfoLogistics Public Company Limited, Sub Sri Thai Public Co. Ltd, Scg Logistics Management Company Limited, Thai Beverages Logistics Company Ltd, Yamato Transport, Kerry Logistics Network Limited, CEVA Logistics, DSV, Deutsche Bahn AG, FedEx Corporation, and others. 

Market Overview:

Thailand's logistics performance significantly improved in 2018, owing to the massive investment in transport infrastructure and relevant legal reforms. According to the World Bank's Logistics Performance Index 2018, Thailand rose to the 32nd place in 2018 from 45th in 2016. Thailand's ranking was second only to Singapore in ASEAN, overtaking Malaysia, and was seventh in Asia. Thailand has extensively invested in transport infrastructure under the 12th National Economic and Social Development Plan, which aims to cut the country's logistics costs to 12% of GDP by 2021 from 14% in 2016 when the 11th Plan (2012-16) ended. The 12th Plan (2017-2021) will call not only for transport infrastructure development in major cities and border towns but also improved connectivity with neighboring countries.

Thailand’s robust growth rate of a few years ago has since slowed down. Its GDP growth has trailed its regional neighbors in the recent years, hitting a 3-4% stride since 2015, while Vietnam is growing at close to 7%; the government has embarked on programs in an effort to turn this scenario around. Thailand 4.0 envisions a new economic model for the country, in order to bring it to the forefront of the global digital economy.

Key Market Trends:

Growing E-commerce and Increasing Urbanization Propels Demand for Logistics Services

As incomes in the ASEAN countries steadily rise, demand for consumer goods is created, with an evolved e-commerce ecosystem and increased spending of people in those countries. The second-largest economy of ASEAN, Thailand has one of the region’s highest number of internet users. There are around 57 million internet users in the country that are well versed in the use of digital technologies, mobile, and e-commerce. The expanding internet user base has made Thailand an ideal growth environment for e-commerce businesses.

The continued expansion of the e-commerce business has created a demand for logistics space and has brought significant changes in the supply chain and logistics operations in Thailand. Many courier companies have launched their cost-effective and high-quality logistics services in the country and brought domestic end-to-end delivery to the market. Many other companies have established central warehouses, along with smaller drop-off and pickup points across the nation, in order to sustain the rise in demand. For small and medium enterprises (SME), this means greater convenience and a quicker process to deliver to their consumers, at a much lesser cost. Central Group, Aden, DHL Express Thailand, Kerry Express, Lazada, Pomelo, and Shopee, are some of the major e-commerce and logistics companies in the country. Additionally, the air freight handled at Thai airports is significantly increasing, owing to the on-going demand created by e-commerce.

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This Thailand Freight And Logistics Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2025

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Thailand Freight And Logistics market:

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– Where are the greatest dangers?              

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