Press release
Thailand Retailing Market - Technology Advancement is Boosting Market Demand
Summary"Retailing in Thailand, Market Shares, Summary and Forecasts to 2021", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Thailand retail environment. In addition, it analyzes the key consumer trends influencing Thailand retail industry.
The retail industry in Thailand was valued at ฿4,193.9 billion in 2016 and is expected to reach ฿5,063.6 billion by 2021 with a CAGR of 3.8% during 2016-2021. A rising middle class and young population, growing urbanization, and consumers’ changing lifestyles are the other factors driving the retail industry in the country.
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What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics (covering 26 product categories),
- The report also details major retailers in each category group with their product proposition analysis and market positioning in 2016 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories, which include Clothing, Footwear, Books, News and Stationery, Electrical and Electronics, Food and Grocery, Health and Beauty, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, Sports and Leisure Equipment, Jewelry, Watches and Accessories, and Luggage and Leather Goods
- Qualitative and quantitative insights of changing retail dynamics across various channels
Scope
- Thailand is the second largest economy among ASEAN countries.
- The retail industry in Thailand was valued at ฿4,193.9 billion in 2016 and is expected to reach ฿5,063.6 billion by 2021 with a CAGR of 3.8% during 2016-2021.
- Food & grocery was the dominant sector in the Thailand’s retail market and accounted for a value share of 59.5% in 2016..
- Clothing & footwear specialists was the dominant distribution channel in the clothing & footwear sector in Thailand.
- The food & grocery sector in Thailand was moderately fragmented with the top 10 retailers accounting for a market share of 28.6% in 2016.
- The electrical sector in Thailand was valued at ฿266.2 billion in 2016 and is forecast to grow at a CAGR of 3.3% during 2016-2021
Reasons to buy
- Gain comprehensive knowledge on 26 product categories in Thailand retail market and develop a competitive advantage around consumer behavior trends from the start of your supply chain
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, and key consumer and technology trends influencing the retail market
- Investigate current and forecast behavior trends in each category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Understand the fastest-growing categories in the market with insights on the performance of individual product categories, across key channels from 2011, with forecasts until 2021
- Analysis of key international and domestic players operating in Thailand retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share.
Table of Content: Key Points
Key Findings
The State of the Nation
The State of Retail
Clothing & footwear
Food & grocery
Electricals
Health & beauty
Home
Others
Definitions
Methodology
…Continued
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