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Thailand Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023

Thailand Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023

The Thailand freight & logistics market is expected to reach a market value of USD 122 billion by 2023, registering a CAGR of 6.08% during the forecast period (2018 – 2023). The country has well-developed infrastructure and central location within the greater Mekong Sub-region (GMS), which comprises of Thailand, Cambodia, Laos, Myanmar, Vietnam, and the Chinese mainland provinces of Guangxi and Yunnan. It has become a key logistics hub for companies that are setting up production bases and sales networks in the Indochina region. The formation of ASEAN economic community (AEC) has led to an increase in trade and service liberalization, resulting in a more robust intra-regional trade, which has boosted the demand for more sophisticated and comprehensive logistics services, mainly for foreign companies, with a presence in multiple locations across the region.

Insights on Freight Forwarding

The freight forwarding business in Thailand is dominated by the global players, owing to their expertise in service offerings and presence in the global market. A large chunk of freight movement flows through road, which creates significance for the local players in the market, as knowledge of regional borders is important in road freight services. The ratio of local vs. global players in Thailand freight forwarding is still 35:65, because in cross-border transshipment, the shipping lines and air cargo flyers are more supportive and inclined toward large freight forwarders, due to continuous and reliable flow of trade from multiple locations. For instance, strong presence of DHL, DB Schenker, CEVA, and other global players (especially the western origin players) in the Middle East, Europe, and North America get the preferential benefits from the shipping lines and air cargo flyers, because these regions are some of the established global hubs for trade, and the majority of trade flows through these freight forwarders.

Presently, DHL holds a leading position in the Thai logistics market, with a foothold in air & sea freight and their expertise in 3PL services. Other major players, such as CEVA, DB Schenker, Khuehne + Nagel, Damco, NYK Line, and Toll, dominate the market in specific segments. For instance, DB Schenker dominates the Thai contract logistics industry, while in the road freight segment, NYK group is a key and major player. The Thai Logistics companies, reacting to the spread of industrial locations and improvement of roads, are also stepping up cross-border trucking services. Japan's Nippon Express already began offering consolidated transport between Bangkok and Hanoi, on fixed schedules, since 2017.

Insights on Contract Logistics

The development of the Eastern Economic Corridor (EEC) is expected to create a huge demand for contract logistics in Thailand. The country has approved an investment of USD 45 billion for EEC, which is anticipated to be completed by 2021. The EEC spans 13,285 sq. km covering three provinces at Chachoengsao, Chonburi, and Rayong in Eastern Thailand. The demand from the automotive, industrial, technology, and healthcare sectors is driving the market for contract logistics. With this initiative, the connectivity between airports, ports, industrial clusters, and urban centers is likely to be even faster and the country is also in the process of developing high-speed and double-track railways.

In 2017, DHL, the world’s largest contract logistics company, invested TBH 2.7 billion to expand its presence across Thailand, Vietnam, Cambodia, and Myanmar by 2020. The company has recently expanded into a new facility in Bangkok. The consumer, retail, industrial, automotive, and technology sectors are driving the demand for contract logistics. DHL’s Thailand network includes a storage space of 650,000 sq. m, which includes the use of unmanned vehicles, automation, vision packing, and robotics.

Key Developments in the Market

2018: A joint venture between Toyota Tsusho Corporation and Senko Logistics has laid roots for establishing a high-quality transport structure for automobile parts and chemicals in Thailand. Senko Logistics is likely to provide procurement and transport services to the automobile plants and chemical and general cargo transport. This joint venture was in collaboration with the Toyota Tsusho’s subsidiary, TTK Logistics. Using this joint venture, Senko Logistics is planning to expand its business operations in Thailand and aiming at generating a revenue of JPY 600 million by 2018.

Major Players: DB Schenker, DHL, Yusen Logistics, Sinotrans, JWD Info Logistics, SCG Logistics, Triple I Logistics, CEA Project Logistics, and Ceva amongst others.

Reasons to Purchase the Report

Current and future of Thailand freight & logistics market outlook
Analyzing various perspectives of the market with the help of Material Flow & Trade analysis
Identifying the segment that is expected to dominate the market
End Use Industries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
Market size estimation and forecasts included – by segment level, such as mode of transport, logistics function, end-user industry, etc.

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1. Introduction
1.1 Executive Summary
1.2 Research Methodology
2. Market Overview
2.1 Government Policies and Regulations
2.2 Logistics Performance Review
3. Market Dynamics
3.1 Drivers
3.2 Constraints
3.3 Opportunities
4. Thailand Freight & logistics Market Insights, by Mode of Freight Transport Forecast (2014 – 2023)
4.1 Road
4.2 Shipping and Inland Water
4.3 Air
4.4 Rail
5. Thailand Freight & Logistics Market Insights, by Function Forecast (2014 – 2023)
5.1 Freight Forwarding
5.2 Warehousing
5.3 Value-added Services
5.3.1 3PL - International and Local Freight Transport Arrangement/Management
5.3.2 3PL –Value-added Warehousing and Distribution
5.3.3 Project Logistics and Contract Logistics
5.3.4 Integrated Logistics
5.4 E-Commerce Fulfilment and Courier Express Parcel Industry
5.5 Other Emerging Areas (Cold Chain Logistics, Return Logistics, Logistics Tech Developments)
6. Thailand Freight & Logistics Market Insights, by End User Forecast (2014 – 2023)
6.1 Manufacturing & Automotive
6.2 Oil & Gas, Mining, and Quarrying
6.3 Distributive Trade (Wholesale and Retail Segments – FMCG included)
6.4 Agriculture, Fishing, and Forestry
6.5 Construction
6.6 Telecommunication
6.7 Others
7. Key Company Players
7.1 International Players (Top global players active in Thailand market)
7.2 Local Players (Top listed and unlisted players in freight forwarding, warehousing, 3PL, etc.)
7.3 Mergers and Acquisitions & Capital Market Activity
8. Investment Outlook
9. Appendix
9.1 GDP Distribution, by Activity and Region
9.2 Insights on Capital Flows
9.3 Economic Statistics – Transport and Storage Sector Contribution to Economy
9.4 External Trade Statistics – Export and Import, by Product
9.5 Insights on Key Export Destinations
9.6 Insights on Key Import Origin Countries
10. Disclaimer

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