Showing posts with label Property Classifieds Market. Show all posts
Showing posts with label Property Classifieds Market. Show all posts

Friday, July 15, 2022

Thailand Property Classifieds Market Size 2022 By COVID-19 Impact on Industry Share, Growth, Business Challenges, Demand and Forecast Research Report 2026: Ken Research

Thailand, with a population of 66.2 Mn in 2021 and being the 2nd Largest Economy in Southeast Asia region, Thailand Real Estate is experiencing a digital wave sweeping across its value chain, disrupting how buyers and sellers interact with one another. Consumers are not just bound to explore the buying/ renting options through digital platforms but are interested in other residential services as well.  Before the pandemic began, buying or renting a home was virtually unimaginable; it acted as a catalyst for people to explore ways to expand digital business platforms Overall, there is an increased interest in using online platforms to buy/rent a home. Additionally, the current pandemic has presented consumers as well as developers with a unique opportunity to put their trust in digital platforms.

Thailand is the emerging market for Property Classified in ASEAN contributing $~ Mn revenue in 2021 and growing at CAGR of ~ % during 2015-2021. Most full-stack Property Classified players in Thailand have remained focused on the low rise residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers should take advantage of. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties.

Thailand Property Classified Market Segmentation

By Business Model: Revenue Via Listings and Classifieds Model contributed more than ~%, generating $~Mn, while that of Aggregators and Co-Living generating $~ Mn in 2021

By Market Players for Listings and Classifieds: The Thailand Listing and classified market is dominated by Property Hub contributing ~% revenue share.

By Market Players for Co-Living and Aggregators: The Thailand co-living and aggregators market is dominated by Property scout contributing ~% revenue share.

By Type of Region: Properties are benefitting from the confluence of demand from various buyer groups, including foreigners looking for a good buy, Thailand investors, owner-occupiers who want to live closer to the city, as well as a sizeable pool of budget-conscious tenants who might be priced out of the prime rental market in the city centre.

Thailand Property Classified Market Competition

The market is moderately fragmented for listings and classifieds companies with major players including Property Hub, TerraBkk, FazWaz, Baania, ZmyHome, DD Property, etc. The market is highly concentrated market for aggregators & co-living companies with top players namely Scout, Phuket Rent House and RentHub holding more than 70% market share in terms of revenue. Players are competing based on Commission Charged, Number of Listings, Locations Covered, Detailed Comparisons, User Interface & Technology and Value Added Services. Factors such as expensive rentals, fixed one- to two-year tenancy contracts and the hassle of dealing with intermediaries have driven the growth of co-living concepts in Thailand.

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Thailand Property Classified Market Future Outlook and Projections

Thailand Property Classified Market is expected to grow at a massive rate of 19.0% CAGR during 2020-2025 providing a lucrative opportunity for Property Classified investors. Technology has been increasingly becoming an attractive asset for landlords, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE). This presents a lucrative opportunity for Property Classified investors to witness high returns on their investment. The real estate digital classifieds space is still in the early stages of growth and the listings are dominated by builders and brokers.  Further, with newer technology based services such as 360 degree view, listing convenience, subscription management etc., and the focus is likely to be on educating individual users. Therefore, the advertisements are more likely to be focused on the individuals on both the buying and selling side, which could help reduce the resistance of online real estate tractions by individual users.

KEY FACTORS CONSIDERED IN THE REPORT

  • Overview of Thailand Property Classified Market
  • Thailand Property Classified Market Future Outlook
  • Ecosystem of Major Entities in Thailand Property Classified Market
  • Business Cycle and Genesis of Thailand Property Classified Market
  • Thailand Property Classified Market Size, 2015-2021
  • Thailand Property Classified Market Segmentations
  • Competition Analysis : Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies
  • SWOT Analysis in Thailand Property Classified Market
  • Revenue Models in Thailand Property Classified Market
  • Growth Drivers and Restraints in Thailand Property Classified Market
  • Technological Advancements in Thailand Property Classified Market
  • Impact of COVID19 in Thailand Property Classified Market
  • Key Trends in Thailand Property Classified Market
  • Outlook and Future Projections for Thailand Property Classified Market
  • Future Market Segmentation by Business Model and Revenue Sources
  • Recommendations / Success Factors
  • Research Methodology
  • Appendix

 Related Reports

Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth

Thailand Logistics and Warehousing Market Outlook to 2022 – By Service Mix (Freight Forwarding, Express Logistics, E- commerce Logistics and Warehousing Services)

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Thursday, July 14, 2022

Thailand Property Classified Market is expected to grow at a massive rate of 21.0 % CAGR during 2021-2026 providing a lucrative opportunity for Proptech investors: Ken Research

Key Findings

  • Newer technology based services such as 360 degree view, listing convenience, subscription management are being adopted by companies with focus likely to be on educating individual users.
  • VR and augmented reality (AR) technologies to offer immersive viewing experience, especially when the buyer or property is overseas.
  • Appealing property photoshoots, optimized user interface, utilizing latest market tools and more categorized listings will benefit all the stakeholders.

Thailand Property Classifieds Market Overview

A growing millennial workforce, fast evolving consumer trends and untapped demand potential in the market are real draw cards for start-ups and developers looking to enter the Aggregators and Co-Living market. With the COVID-19 pandemic, people have become increasingly cautious about socially touching others. Accelerating digital transformation, the contactless touch in Property Classified will offer consumers a safer way to interact and more control over physical proximity

Value Added Services provided by Companies: Players are aiming to become an "online dealer" for customers. Value-added services like expert advice, financing support, agreements drafting, interior designing, furniture, packing and relocating assistance etc. may be added by key players along with the basic offerings

Tech Adoption: Focus on analytics to provide market intelligence and information to customers.

Technology enablement such as virtual walkthroughs, drone based views, 360 degree views etc. to encourage customers to transact online. Three forms of technologies: Blockchain, AR and AI in Singapore are being adopted by startups, global corporations and the government.

Accelerated Pace to Digitization: The real estate segment has been a relatively slow runner in keeping up with e-commerce. There is a human element in real estate that is essential in the buying process. However, more sellers have been forced to go digital especially during the three-month lockdown during 2020. Developers have also offered virtual 360-degree showrooms. Despite this, the human connection is much more valuable in terms of providing the right advice to buyers and sellers, to sift opportunities out of the muddle of information online.

The report titled Thailand Property Classifieds Market Outlook to 2026F – Driven by Interest from Foreign Buyers along with Exponential growth of smartphone penetrationprovides a comprehensive analysis of the potential of Property Classified industry in Thailand. The report covers various aspects including the current real estate scenario and rental rates in Thailand, revenue generated from Thailand Property Classified market, its segmentations viz Business Model (Listings and Classifieds and Aggregators and Co-Living) and By Region (Bangkok, Pattaya, Phuket), revenue models, major trends and development, issues and challenges, technological advancements and competition analysis.  The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities. 

Key Segments Covered in Thailand Property Classified Market:

By Business Model

  • Listings and Classifieds
  • Aggregators and Co-Living

By Region

  • Bangkok
  • Pattaya
  • Phuket
  • Others

Key Target Audience

  • Property Classified Companies
  • Real Estate Developers
  • Brokers
  • Property Consultants
  • Industry Experts

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDQy

Time Period Captured in the Report:

  • Historical Period: 2015-2021
  • Forecast Period: 2021-2026F

Companies Covered:

Listings and Classifieds

  • Propertyhub
  • TerraBKK
  • FazWaz
  • ZmyHome
  • Baania
  • Findyourspace
  • DD Property
  • Lazudi
  • Nayoo
  • PrakardProperty
  • Thaihometown
  • PBRE Real estate
  • dot property

Aggregators and Co-Living

  • Property scout
  • Phuket Rent House
  • RentHub
  • Nornn

 Key Topics Covered in the Report

  • Thailand Property Classified Market Future Outlook
  • Overview of Thailand Property Classified Market
  • Ecosystem of Major Entities in Thailand Property Classified Market
  • Business Cycle and Genesis of Thailand Property Classified Market
  • Thailand Property Classified Market Size, 2015-2021
  • Thailand Property Classified Market Segmentations
  • Competition Analysis : Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies
  • SWOT Analysis in Thailand Property Classified Market
  • Revenue Models in Thailand Property Classified Industry
  • Growth Drivers and Restraints in Thailand Property Classified Market
  • Technological Advancements in Thailand Property Classified Market
  • Impact of COVID19 in Thailand Property Classified Market
  • Key Trends in Thailand Property Classified Market
  • Outlook and Future Projections for Thailand Property Classified Market
  • Future Market Segmentation by Business Model and Revenue Sources
  • Recommendations / Success Factors
  • Research Methodology
  • Appendix 

Related Reports

Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth

Thailand Logistics and Warehousing Market Outlook to 2022 - By Service Mix (Freight Forwarding, Express Logistics, E- commerce Logistics and Warehousing Services)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249