NEW YORK, Feb. 18, 2022 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)
- In-Scope:Manufacturing:
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.
- Out-of-Scope:AutomotiveRetailHealthcareOthers
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-
Segmentation- The report extensively covers market segmentation by End-user (manufacturing, automotive, retail, healthcare, and others) and Function (transportation, inventory holding, and administration)Key Companies- 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 othersDriver- Growing e-commerce to drive the market.Challenge- Increased lead time and supply-demand imbalance to hamper the market growth
- Vendor Insights-
The logistics market in Thailand is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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 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.
Learn More about Key Driver & Challenge of the Market-
- Logistics Market in Thailand Driver:Growing e-commerce:
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.
- Logistics Market in Thailand Challenge: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 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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