NEW YORK, Feb. 18, 2022 /PRNewswire/ -- The Logistics Market Share in Thailand is expected to increase by USD 18.89 billion from 2021 to 2026, at an accelerated CAGR of 4.95%, according to the recent market study by Technavio.
Segmentation by End-user (In-Scope/Out-of-Scope)
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.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Logistics Market in Thailand includes the following core components:
Highlights-
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Vendor Insights-
The logistics market in Thailand is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Learn More about Key Driver & Challenge of the Market-
As the incomes of 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 market growth during the forecast period.
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 fulfillment services, and labor 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 logistics market in Thailand during the forecast period.
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Logistics Market in Thailand Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
Market growth 2022-2026 |
$ 18.89 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.90 |
Regional analysis |
Thailand |
Performing market contribution |
Thailand at 100% |
Key consumer countries |
Thailand |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
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
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 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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