Market Size of Thailand E-commerce Logistics Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 9.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Thailand E-commerce Logistics Market Analysis
- The Thailand E-commerce Logistics Market is valued at USD 4 Billion and is expected to register a CAGR of 9.5% during the forecast period. Before the COVID-19 outbreak hit Thailand, online purchasing was slowly expanding. However, the number of consumers ordering groceries, clothing, and household goods online significantly increased in 2020. Although consumer behavior is complicated and the pandemic changed demand for some products, concerns about in-person shopping and the high percentage of individuals with internet access offered a sizable development potential for online businesses.
- Thailand's logistics industry is expanding, and the country's burgeoning exports are helping to fuel this development. At the moment, high-demand sectors include the automobile, agricultural, chemical, and electronics industries.
- In order to showcase advanced capabilities, upgraded technologies, and innovations that can better support industrialists and leverage the expanding e-commerce market, the government will work with E-Commerce Logistics Companies to launch a crucial platform for logistics businesses, including Material Handling, Packing, Warehousing, Logistics IT, and E-Logistics.
- In comparison to 2022, an increase in overseas shipments is anticipated in 2023. As per capita earnings rise and access to global brands expand, consumers are turning more and more to cross-border e-commerce.
- For logistics organizations and their customers, operations have become considerably simpler thanks to AI and a plethora of other technologies including drones, electric vehicles, automated systems, high-tech security, and effective management systems.
- Businesses in the e-commerce sector are competing with one another to win and keep customers, grow their geographic reach, broaden their service offerings, and boost unit economics to boost profitability.
Thailand E-commerce Logistics Industry Segmentation
The term "E-commerce logistics" refers to the transportation, warehousing, and distribution services the logistics company provides to an online retailer.
The Thailand E-commerce Logistics Market is segmented By Service (Transportation, Warehousing and Inventory Management, and Value-added Services (Labeling, Packaging, etc.)), By Business (B2B and B2C), Destination (Domestic and International/Cross-border), By Product (Fashion and Apparel, Consumer Electronics, Home Appliances, Furniture, Beauty and Personal Care Products, and Other Products (Toys, Food Products, etc.)). The report offers Thailand's E-commerce Logistics Market size and forecast in value (USD Billion) for all the above segments.
By Service | |
Transportation | |
Warehousing and Inventory Management | |
Value-added Services (Labelling, Packaging, etc.) |
By Business | |
B2B | |
B2C |
By Destination | |
Domestic | |
International/cross-border |
By Product | |
Fashion and Apparel | |
Consumer Electronics | |
Home Appliances | |
Furniture | |
Beauty and Personal Care Products | |
Other Products(Toys,Food Products,etc.) |
Thailand E-commerce Logistics Market Size Summary
The Thailand E-commerce Logistics Market is experiencing significant growth, driven by increased internet and mobile phone usage, enhanced logistics, and e-payment systems. The pandemic accelerated the shift towards online shopping, with consumers increasingly turning to e-commerce for groceries, clothing, and household goods. The Thai government's Thailand 4.0 policy aims to bolster the digital economy by developing a nationwide broadband network and supporting digital applications like e-government and e-payments. This initiative is expected to bridge the digital gap and foster e-commerce growth, encouraging locals to engage in online business activities. The market is characterized by a rise in cross-border e-commerce, facilitated by improved logistics technologies such as AI, drones, and automated systems, which have simplified operations for logistics organizations.
The e-commerce logistics sector in Thailand is highly competitive, with numerous local players catering to the growing demand. The market is witnessing increased competition, particularly in the warehousing and storage fields, as the export of agricultural products expands. Key players in the market include CMA CGM Group, Deutsche Post AG, and Kerry Logistics Network Ltd. The introduction of services like the China-Laos Railway by DB Schenker highlights the ongoing developments in cross-border logistics. Additionally, partnerships such as DHL's with the German Bobsleigh, Luge, and Skeleton Federation underscore the importance of logistics in supporting various sectors. As the market continues to evolve, the focus remains on leveraging advanced technologies and expanding service offerings to enhance profitability and customer reach.
Thailand E-commerce Logistics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Technological Trends in the Industry
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1.5 Value Chain / Supply Chain Analysis
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1.6 Industry Attractiveness - Porters Five Force's Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on the E-commerce Market
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1.8 Insights on Reverse/Return Logistics
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1.9 Government Initiatives and Regulations
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1.10 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Service
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2.1.1 Transportation
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2.1.2 Warehousing and Inventory Management
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2.1.3 Value-added Services (Labelling, Packaging, etc.)
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2.2 By Business
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2.2.1 B2B
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2.2.2 B2C
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2.3 By Destination
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2.3.1 Domestic
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2.3.2 International/cross-border
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2.4 By Product
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2.4.1 Fashion and Apparel
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2.4.2 Consumer Electronics
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2.4.3 Home Appliances
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2.4.4 Furniture
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2.4.5 Beauty and Personal Care Products
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2.4.6 Other Products(Toys,Food Products,etc.)
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Thailand E-commerce Logistics Market Size FAQs
What is the current Thailand E-commerce Logistics Market size?
The Thailand E-commerce Logistics Market is projected to register a CAGR of greater than 9.5% during the forecast period (2024-2029)
Who are the key players in Thailand E-commerce Logistics Market?
CMA CGM Group, Deutsche Post AG, Kerry Logistics Network Ltd., MON Logistics Group Co. Ltd. and SCG Logistics Management Co. Ltd. are the major companies operating in the Thailand E-commerce Logistics Market.