Thailand currently shares its borders
with 4 neighboring countries with a total length of 5,582 kilometers. This
poses as a strategic location for Thailand which counts as major strength for
Thailand logistics sector
Logistics
service in Thailand comprises a range of activities that look over at the
procurement as well as final delivery of raw material and finished products.
These services include freight forwarding, warehousing and other value added
services such as customs brokerage, inventory management, order fulfillment and
product repair. Expanding FMCG sector, retail sector, food and E-commerce
industry and the booming automobile and electronics industry has attributed
towards the growth of logistics and warehousing 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.
In
addition to Thailand’s focus in shifting to multimodal transport, Thailand
Board of Investment (BOI) is actively promoting logistics systems development
in the country. In 2015, the BOI received a total of 75 project applications
worth THB 8.1 billion (USD 233 million) in the logistics industry. There is
also an increasing demand for Multimodal Transport Operators (MTOs), as the
government’s policy aims to develop border areas and improve Thailand’s
connectivity with its neighboring countries. Special Economic Development Zones
(SEZs) have been established in these border provinces to help raise people’s
standard of living though trade and investment promotion
Logistics
market is expected to generate long-term FDI flows into technology driven
manufacturing segments such as electronics and automotives thereby creating
pressure on existing logistics players to upgrade their capabilities in near
future. In addition to this, large proportion of investment made by the
government has led to the development of efficient transport and logistics
services majorly focusing on the development of the railway network to
complement the well developed road network.
Further, Major ports such as- 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.
Overall, the country has become one of the lucrative destinations for foreign
entities thus creating a positive impact on the country’s logistic market.
The
report titled “Thailand
Logistics and Warehousing Market Outlook to 2022 – By Freight Forwarding,
Express Logistics, E- commerce Logistics and Warehousing Services (Industrial/
Retail Freight, Container Freight, Cold Storage, Agricultural and Others),
Third Party Logistics” by Ken
Research suggested a modest growth at a five year CAGR of around 3.9% in terms
of revenue in Thailand logistics and warehousing market in next 5 years till
the year ending 2022.
Key Topics Covered in the Report
Thailand
Logistics Cost
Thailand
Logistics Market
Transport
Infrastructure in Thailand
Road
Freight Market in Thailand
Number
of Freight Forwarders in Thailand
List
of Freight Forwarders in Thailand
Thailand
Transport Infrastructure
Container
Freight Warehouses in Thailand
Warehousing
Services in Thailand
Warehousing
Services in Bangkok
Domestic
Warehousing Companies
For more information on the research report,
refer to below link:
Related Reports
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Ankur Gupta, Head Marketing &
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