Thailand's logistics and warehousing market has expanded steadily over the last decade, owing to the country's expanding economy and increased international trade. With both domestic and international logistics providers present, the market is fiercely competitive. In Thailand, logistics services are provided by a variety of companies, including freight forwarders, transportation providers, and third-party logistics (3PL) providers. The transportation market is divided into modes such as road, rail, air, and sea.
Thailand has an advanced transportation infrastructure, including a network of highways, railways, ports, and airports that enable goods to be transported throughout the country and to international markets. The country is an important regional trade and logistics hub due to its strategic location in Southeast Asia.
Due to increased demand from both domestic and international businesses, Thailand's warehousing market has grown significantly in recent years. Storage, inventory management, and value-added services such as packaging and labelling are all offered by Thailand's warehousing providers. There are several types of warehouses on the market, including general-purpose warehouses, cold storage facilities, and distribution centres. E-commerce growth in Thailand has also increased demand for specialised e-commerce fulfilment centres.
The Thailand logistics and warehousing market is expected to expand in the coming years, owing to factors such as the country's expanding economy, increased international trade, and government support for the industry. The market is also expected to benefit from rising e-commerce demand and the development of new logistics technologies.
The COVID-19 pandemic has had a significant impact on Thailand's logistics and warehousing market, causing disruptions in both domestic and international trade as well as global supply chains. As a result of the pandemic, consumer behaviour has shifted towards online shopping and home deliveries. A decrease in demand for certain types of transportation services has been one of the most significant effects of the pandemic on Thailand's logistics market. For example, as international air travel has declined, so have air cargo volumes, affecting air freight companies. Factory and business closures have also reduced demand for trucking services, affecting road freight providers.
The pandemic has also altered the products that are transported and stored. Medical supplies, personal protective equipment (PPE), and other essential goods have increased in demand, while luxury items and electronics have decreased.
In response to the pandemic, logistics companies in Thailand have had to adapt their operations and implement new health and safety measures to protect their workers and customers. Contactless delivery methods, increased cleaning and sanitization, and social distancing measures implemented in warehouses and logistics facilities have all contributed to this.
In the long run, the pandemic is likely to hasten the adoption of new technologies and digital solutions in the logistics and warehousing industry, as businesses seek ways to improve their efficiency and resilience in the face of future disruptions. Overall, the Thai logistics and warehousing market is expected to expand in the coming years, owing to factors such as the country's expanding economy, increased international trade, and rising consumer demand.
Thailand Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Deutsche Post DHL Group, CEVA Logistics, Deutsche Bahn AG, Kerry Logistics Network Limited, Yusen Logistics Co. Ltd., FedEx Corporation, Nippon Express Co. Ltd., DSV Panalpina, Yamato Transport
Thailand Logistics and Warehousing Market Segmentation:
By Function: Based on the Function, Thailand Logistics and Warehousing Market is segmented as: {Freight Transport (Road, Shipping, Air, Rail), Freight Forwarding, Warehousing, Value-added Services and Other Services)
By End User: Based on the Distribution Channel, Thailand Logistics and Warehousing Market is segmented as: Manufacturing and Automotive; Oil and Gas, Mining and Quarrying; Agriculture, Fishing and Forestry; Construction, Distributive Trade; Healthcare and Pharmaceutical; Others.
By Region: This report also provide the data for key regional segments of Thailand; Northern, Northeastern, Central, Southern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.