Logistics market size in Thailand to grow by USD 8.89 billion from 2021 to 2026 | Growing e-commerce drives growth - Technavio

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The logistics market size in Thailand is expected to increase by USD 8.89 billion from 2021 to 2026, registering a CAGR of 4.95%, according to the latest research report from Technavio. Discover Air Freight & Logistics industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The logistics market in Thailand covers the following areas:

• Logistics Market In Thailand Sizing
• Logistics Market In Thailand Forecast
• Logistics Market In Thailand Analysis

Company Landscape

While the disruption threats are strategic in nature, the operational risks for suppliers have been mapped based on their negative business impact and their probability of occurrence. The logistics market in Thailand is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Company Offerings

• CMA CGM Group: The company offers a one-stop logistical shop that includes transportation, customs clearance, onsite handling, and storage.
• Deutsche Post AG: The company offers a wide range of logistic solutions such as green logistics, integrated logistics, and many more.
• Kerry Logistics Network Ltd.: The company offers integrated logistics such as warehousing and distribution, value-added services, and logistics facilities.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Key Market Segmentation

The report extensively covers the market segmentation by end-user (manufacturing, automotive, retail, healthcare, and others) and function (transportation, inventory holding, and administration).

• The manufacturing segment will be significant during the forecast period. The driving adoption of industrial robots into their business process to manage logistics on the work floor due to the growing manufacturers' need to increase productivity. Hence, such factors are expected to drive the manufacturing segment of the logistics market in Thailand during the forecast period.

View Sample Report in minutes for more highlights into the market segments.

Companies Mentioned

• 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
• YUSEN LOGISTICS CO. LTD.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - Buy the report!

Market Dynamics

Key Drivers

The growing e-commerce drives the growth of the logistics market in Thailand. Since the incomes of the Association of Southeast Asian Nations (ASEAN) countries continue to grow, e-commerce ecosystems and consumer goods increase. There are approximately 57 million internet users in the country who are familiar with the use of digital technology, mobile, and e-commerce.

This makes Thailand an ideal growth environment for the e-commerce business. This results in vendors such as Central Group, Aden, DHL Express Thailand, and Kerry Express introducing low-cost, high-quality logistics services domestically and have begun end-to-end domestic delivery. Hence, such factors boost the growth of the logistics market in Thailand during the forecast period.

Major Challenges

The increased lead time and supply-demand imbalance challenge the growth of the logistics market in Thailand. Owing to the supply-demand imbalance, the lack of last-mile fulfillment services, and labor shortages, the transport and logistics distribution networks are disrupted.

Furthermore, due to the pandemic, sometimes, lead time increases from the manufacturer's end due to raw material shortages, limited workforces, and lockdowns. Hence, such challenges hinder the growth of the logistics market in Thailand during the forecast period.

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Related Reports:

The apparel logistics market size is expected to increase by USD 32.54 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.95%. Furthermore, this report extensively covers apparel logistics market segmentation by service (transportation, warehousing and distribution, and others) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). Growing automation in warehousing is one of the major drivers impacting the apparel logistics market growth. 

The APAC Contract Logistics Market size is estimated to grow at a CAGR of 8.2% between 2022 and 2027 and the size of the market is forecast to increase by USD 51.2 billion. This report extensively covers market segmentation by application (retail, pharmaceutical, automotive, and others) and type (outsourcing and insourcing). Growth in the e-commerce market in APAC is a major driving factor for the growth of the APAC contract logistics market during the forecast period.

Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Manufacturing - Market size and forecast 2021-2026
• Automotive - Market size and forecast 2021-2026
• Retail - Market size and forecast 2021-2026
• Healthcare - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by End-user

Market Segmentation by Function

• Market segments
• Comparison by Function
• Transportation - Market size and forecast 2021-2026
• Inventory holding - Market size and forecast 2021-2026
• Administration - Market size and forecast 2021-2026
• Market opportunity by Function

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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
• YUSEN LOGISTICS CO. LTD.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com

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