Retail Market in Thailand 2019-2023
About this market
The online distribution channel eliminates the need for merchandise, salespeople, inventory, and physical stores. Sales through online distribution channel is identified as one of the key trends that will gain traction in the retail market in Thailand during the forecasted period. Technavio’s analysts have predicted that the retail market in Thailand will register a CAGR of almost 7% by 2023.
Increase in tourist arrivals
Many tourists’ visit Thailand from various countries such as South Korea, China, Japan, India, and Australia. These tourists are attracted by availability of numerous recreational activities and luxury hotels and pleasant weather.
Trade risks associated with retail industry
Trade risks include failure in recognizing strategic locations, dependence on top suppliers for goods, and failure in recognizing the latest trends and timely delivery.
For the detailed list of factors that will drive and challenge the growth of the retail market in Thailand during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the surge in sales through online distribution channel and increase in tourist arrivals, will provide considerable growth opportunities to retail vendors in Thailand. Berli Jucker Public, Central Group of Company, CP ALL PUBLIC COMPANY LIMITED, Home Product Center Public Company, and Tesco PLC are some of the major companies covered in this report.
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