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The logistics market share in Thailand is expected to increase by USD 8.89 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.95%.
The report extensively covers the market segmentation by end-user (manufacturing, automotive, retail, healthcare, and others) and function (transportation, inventory holding, and administration). This logistics market in Thailand research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The logistics market in Thailand report offers information on several market vendors, including CMA CGM Group, Deutsche Post AG, Kerry Logistics Network Ltd., MON Logistics Group Co. Ltd., SCG Logistics Management Co. Ltd., Schenker AG, Unithai Group, WICE Logistics Public Company Ltd., Yamato Unyu, and YUSEN LOGISTICS CO. LTD. among others.
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The growing e-commerce propels the demand for logistics services, which is notably driving the logistics market growth in Thailand, although factors such as increased lead time and supply-demand imbalance may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the logistics industry in Thailand. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Logistics Market Driver in Thailand
Growing e-commerce propels the demand for logistics services, which is one of the key factors driving the Thailand logistics market growth. As the incomes of the Association of Southeast Asian Nations (ASEAN) countries continue to grow, there is a demand for evolving e-commerce ecosystems and consumer goods with increased spending by people in these countries. Furthermore, there are approximately 57 million internet users in the country who are familiar with the use of digital technology, mobile, and e-commerce, which has made Thailand an ideal growth environment for the e-commerce business. Thus, vendors such as Central Group, Aden, DHL Express Thailand, Kerry Express are introducing low-cost, high-quality logistics services domestically and have begun end-to-end domestic delivery. For small and medium-sized enterprises (SMEs), this means more convenient and faster delivery to consumers at significantly lower costs. Such factors are expected to positively impact the logistics in Thailand.
Key Logistics Market Trend in Thailand
One of the key logistics market trends fueling the market growth is the use of blockchain with logistics. In the logistics industry, blockchain technology increases the visibility of operations and offers the ability to track products effectively across the logistics process. As the blocks are linked together, they store the record of stakeholders involved in the process, along with the specific details of the products associated with each movement. It also improves security as each transaction is recorded and validated by an independent third party. In addition, the data cannot be modified, deleted, or appended without validation from every stakeholder in the network, thereby strengthening security. This will drive the demand for blockchain in the Thailand logistics market during the forecast period.
Key Logistics Market Challenge in Thailand
One of the key challenges to the Thailand logistics market growth is the increased lead time and supply-demand imbalance. More than half of the shipper companies surveyed in 2021 by Infosys Consulting saw at least one-fourth reduction in supply chain operations due to the COVID-19 pandemic. The transport and logistics distribution networks are being disrupted due to the supply-demand imbalance, the lack of last-mile fulfilment services, and labour shortages. In addition, sometimes, lead time increases from the manufacturer's end due to raw material shortages, limited workforces, and lockdowns owing to the pandemic. Furthermore, the shift in consumers' preference toward online shopping has been higher than pre-COVID-19 levels, which is expected to put pressure on the global transport and logistics industry. Thus, supply chain disruptions and lead time increments are expected to be challenging for transport and logistics vendors in the Thailand logistics market during the forecast period.
This logistics market in Thailand analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the logistics market in Thailand as a part of the global transportation market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the logistics market in Thailand during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the logistics market in Thailand encompasses successful business strategies deployed by the key vendors. The logistics market in Thailand is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the Thailand logistics market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The logistics market in Thailand forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the logistics market in Thailand, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The logistics market share growth in Thailand by the manufacturing segment will be significant during the forecast period. The growing manufacturers' need to increase productivity is the major factor driving the adoption of industrial robots into their business process to manage logistics on the work floor, which is expected to positively impact the segment in focus during the same period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics market size in Thailand and actionable market insights on the post-COVID-19 impact on each segment.
Logistics Services Software market - The market share is expected to increase by USD 2.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.94%.
Retail Oil and Gas Logistics market - The market share is expected to increase by USD 1.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.1%.
Chemical Logistics market - The market share is expected to increase by USD 24.73 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.31%.
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Logistics Market Scope in Thailand |
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Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Function
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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Logistics Market in Thailand by End-user and Function - Forecast and Analysis 2022-2026
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