Logistics
services such as transportation of products, sea-air intermodal transportation,
warehouse management, cold chain services and inspection carry a major demand
to support the country’s manufacturing industries as well as food and
agriculture businesses.
The freight forwarding companies operating in
Thailand specializes in providing a full range of services such as tracking
inland transportation, preparation of shipping and export documents, booking
cargo space, negotiating freight charges, freight consolidation, cargo
insurance, and filing of insurance claims. Expanding FMCG sector, retail
sector, food and E-commerce industry and the booming automobile and electronics
industry has attributed towards the growth of freight forwarding industry in
the country. Surging demand for wearing apparels, rubber and plastic products,
heavy machinery, electrical appliances, motor vehicles and other transport
equipment has expanded their production over time. Rapid growth in the
country’s manufacturing sector exports was one of the major driving forces for
Thailand’s freight transportation.
Thailand’s freight transport market is majorly
dominated by the roadways. From bulk cargo to a single package, perishable
goods to fragile freight, heavy outsized cargo and dangerous goods, all types
of freight are transported. Thailand government has invested a large proportion
in infrastructure to facilitate freight transport and development of logistics
services with a focus on the development of the railway network in order to
complement the roadways. Chabang Port, Bangkok Port, Chiang Saen Port have
witnessed major upgrades in the past few years as a strategy to upgrade the
logistics infrastructure of the country and utilize the important geo-strategic
location to position Thailand as the gateway to ASEAN countries. Thailand has
become one of the leading destinations in the world for foreign multinationals,
thereby attracting FDIs to setup their global manufacturing base within
Thailand due to various free zones doling out lucrative offers for foreign
entities thus creating a positive impact on the country’s cargo transport
market.
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”
by Ken Research suggested a modest growth at a five year CAGR of around 5% in
terms of revenue in Thailand freight forwarding market in next 5 years till the
year ending 2022.
Key Topics Covered in the Report:
Logistic Service Providers Thailand
Transport Infrastructure in Thailand
Thailand Freight Overview
Freight Forwarding Services in Thailand
Freight Forwarding Services in Bangkok
Free Trade Agreements of Thailand
Freight Forwarders in Thailand
Cargo throughout Thailand Seaport
Cargo Output through Thailand Seaports
Recommendations Thailand Freight
Recommendations Thailand Transport
Infrastructure
For more information on the research report,
refer to below link:
Related Reports:
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Research
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