·
The military
government in Thailand aims to position the country as the gateway to ASEAN and
in order to do so it has announced its will to support the logistics sector by
strengthening the infrastructure and implementing trade friendly policies.
·
Road is by far
the most popular medium for moving freight within the country and will continue
to grow owing to integration of regional economies.
Thailand
has signed multiple free trade agreements (FTAs) with large economies like
China, USA, India and others. The country as a WTO member since 1995 has been
open to foreign firms operating and manufacturing from the Thailand thus
helping it to have a trade surplus over the years. Thailand’s agreements with
the ASEAN community have led to an increase in cross-border freight
transportation via roadways and ports without any major limitations. Some of
the major export products include textiles and footwear; fishery products,
rubber, jewellery, cars, computers, electrical appliances and others.
Thailand’s central region is one of the ideal locations for Thailand’s exports
and imports and is expected to be in forefront in ocean and road freight
forwarding industry.
Roadways
has gained attraction in Thailand due to its superior road network, thus
becoming the first preference for moving freight within the country with a vast
presence of local freight forwarders coupled with trucking fleet operators. The
government of Thailand’s emphasis on expanding and upgrading the railway
network in the country with a focus on the double track railways has attracted
close to THB 500 billion of fund allocation under the Thailand Transport
Infrastructure Strategies 2022. The
government has laid special focus in ensuring that the countries land borders are
seamlessly connected to the ASEAN network and the country has a good access to
the Chinese and Indian market which will further help to strengthen the
country’s trade relations. Additionally, the development of sea port
infrastructure will support increasing cargo volumes throughout the large ports
and free zones in the coming years with an improvement in port capacity and
connectivity.
Analysts
at Ken Research in their latest publication “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”
believe that increasing the number of channel points, strengthening
infrastructure connections, improving service quality in terms of training the
personnel and promoting railways for freight transportation will have a
positive impact on market.
Thailand
freight forwarding market is expected to register a positive CAGR of 4.8%
during the forecast period 2017-2022. The market is further expected to be
driven by the growing demand due to picking up of the global markets including
China, growing consumer preference for online shopping, upcoming infrastructure
in the country & continuous investment by the government in development of
logistics infrastructure and consistent economic growth.
Key Topics Covered in the Report:
Logistic
Service Providers Thailand
Freight
Forwarding Cost Thailand
Transport
Infrastructure in Thailand
Road
Freight Market Thailand
Freight
Forwarding Services in Thailand
Freight
Forwarding Services in Bangkok
Free
Trade Agreements of Thailand
Freight
Forwarders in Thailand
Shipping
Fleet of Major Thailand Seaports
Cargo
throughout Thailand Seaport
Recommendations
Thailand Freight
Recommendations
Thailand Transport Infrastructure
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:
Related Reports:
Contact Us:
Ken
Research
Ankur Gupta, Head Marketing &
Communications
+91
9015378249