The
report titled “Thailand
Freight Forwarding Market Outlook to 2022 – By Freight Movement (Sea, Road, Air
and Rail Freight); By Normal and Express Delivery; By International and Domestic
Freight; By International Flow Corridors and By Third Party Logistics”
provides a comprehensive analysis of overall market size for freight forwarding
in Thailand, segmentation by normal and express delivery, by freight movement
(sea freight, road freight, air freight and rail freight), by international and
domestic freight forwarding and by flow corridors (Asia Countries, NAFTA
countries, European Countries and
Others). The report also covers the overall competitive landscape and
government role and regulations. The report concludes with market projection
for future and analyst recommendations highlighting the major opportunities and
cautions.
Thailand Freight Forwarding Market
Overview and Size
The
growth of freight forwarding in Thailand was supported by development in major
industries such as manufacturing, retail, automobiles and agriculture.
Expanding FMCG sector, retail sector, food and E-commerce industry in the
country has attributed to the growth of the freight forwarding industry in the
country. The freight forwarding industry in Thailand has grown at a five year
positive CAGR in the review period 2012-2017. The Thai government’s focus on
improving the sectors including infrastructure development, the restructure of
the rail freight market under the transport infrastructure development
strategies 2022 will see the development of the cargo transport market via
railways and increase the role of rail freight, particularly in key economic zones
as well as the remote areas.
Thailand Freight Forwarding Market
Segmentation
By Normal and Express Delivery
The
normal / standard delivery segment dominated Thailand freight forwarding market
whereas the remaining revenue share was captured by the express delivery
segment in the year 2017. Normal delivery services are generally preferred
where there is no urgent requirement for ordered goods. In Thailand, majority
of the customers prefer the cheapest form of shipping and are witnessed to wait
for longer durations. Major companies operating into normal delivery includes
SCG Logistics, Schenker Limited, Yusen Logistics, CEVA Logistics, Wice
Logistics, Siam Shipping Agility Logistics, III Logistics and others.
By Freight Movement
The
road freight segment dominated Thailand freight forwarding market in the year
2017 owing to a larger fleet of vehicles and strong cross-border trade with the
ASEAN neighbors coupled with national network of strategically located
warehouses and distribution centers. The
sea freight segment followed road freight services in Thailand freight
forwarding market in the year 2017 majorly due to increasing trade activities
with FTA signatories. Ports of Laem Chabang and Bangkok are the leading
seaports of Thailand and handle the majority of sea freight volume in the
country, thereby offering services like cargo handling, tallying and
warehousing. Other leading seaports include Chiang Saen port.
By International and Domestic Freight
Forwarding
International
freight forwarding accounted for majority of the revenues for overall Thailand
freight forwarding market in 2017. Free trade agreements with other nations
over the period have provided significant boost to international freight
forwarding sector in Thailand. On the other hand, the domestic freight
forwarding segment was observed to capture the remaining share in 2017.
By Flow Corridors
Asia
flow corridor was observed to be the largest contributor in terms of revenue in
Thailand freight forwarding market in the year 2017. In accordance with
International Trade Centre, Thailand’s import to Asia as well as export from
Asia was recorded as of 2017 in comparison with other regions such as NAFTA
countries, Europe, and others. The Thailand-Europe flow corridor followed
Thailand-Asia with a double digit share in the year 2017. Other major flow
corridor includes the NAFTA countries which have been counted as emerging
trading partners for Thailand.
Bangkok
in the central region is drawing interest from a number of global investors
seeking office / commercial space, retail and hospitality investment
opportunities coupled with a high rise in buildings and a number of shopping
centers in the city. The city is well connected with the rest of the world
through air and sea routes and thereby, drawing huge foreign investments from
international players to various sectors.
Competitive Landscape
The
freight forwarding industry in Thailand was observed as highly fragmented with
the presence of both domestic as well international freight forwarders in the
country. According to the membership record of customs broker and Transport
association of Thailand, there are around 1400 large scale international
freight forwarders that provide all types of services including LCL, FCL and
others, large scale operators exist which provide fewer services thus totaling
~ large scale international freight forwarders in the country. On the basis of
revenue, major freight forwarding companies providing air freight services
include - Kerry Logistics, DHL Express,
CJ Express ,Thai Post, DHL Post, Nikos Logistics, FedEx, TNT and UPS. Other
freight forwarders focusing on ocean freight / contract logistics / warehousing
services include Ceva Logistics, Agility Logistics, DB Schenker and others. The
China, Japan, US and EU market was witnessed to majorly contribute towards
Thailand freight forwarding market.
Thailand Freight Forwarding Market
Future Outlook and Projections
Thailand
freight forwarding market is expected to generate significant revenues by the
year ending 2022, driven by growth in both international and domestic demand,
growing E-commerce industry and continuous investment by the government in
development of logistics infrastructure in Thailand. The growth shown by the
automobiles industry and electronics manufacturing has fuelled the economy
during the tough economic period in the past few years, thus driving the demand
for freight forwarding services. As the AEC blueprint 2025 is materialized on
ground, the country is expected to be benefitted in a positive manner.
Key Segments Covered
By Freight Movement
·
Pipelines
·
Railways
·
Road
·
Sea
·
Air
·
Transportation
Services and Postal services & communications
By Delivery:
·
Normal
·
Express
By Freight Forwarding
·
International
·
Domestic
By Flow Corridors
·
Asian Countries
·
NAFTA Countries
·
European
Countries and Others
By Companies
·
International
Companies
·
Domestic
Companies
Key Target Audience
·
Shipping
Companies
·
Freight
Forwarders
·
Logistics
Association
·
Express and
E-Commerce Logistics Companies
·
Consulting
service providers
·
Private Equity/ VCs/
Investment Banking Companies
Time Period Captured in the Report:
2012-2017
– Historical Period
2018-2022
– Future Forecast
Companies Covered:
·
Damco Thailand
·
DHL Thailand
·
Triple I
·
Kerry Logistics
Thailand
·
NCL Logistics
Thailand
·
Nippon Express
Thailand
·
DB Shenker
·
WICE Logistics
·
SIAM Shipping
·
Agility
·
Bangkok Freight
Forwarders
·
Royaltainer
·
Axium Shipping
For more information on the research
report, refer to below link:
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Research
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