Thailand E-commerce Logistics Market Size (2024 - 2029)

The Thailand E-commerce Logistics Market is experiencing significant growth, driven by increased online shopping and a robust logistics industry. The market's expansion is supported by the rising demand in sectors such as automotive, agriculture, chemicals, and electronics, alongside the government's initiative to enhance logistics capabilities through technology and innovation. The shift towards cross-border e-commerce, facilitated by improved consumer access to global brands and advanced technologies like AI and drones, is further contributing to the market's growth. As businesses strive to enhance profitability and customer retention, the competitive landscape is becoming increasingly dynamic.

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Market Size of Thailand E-commerce Logistics Industry

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Thailand E-commerce Logistics Market Summary
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

Thailand E-commerce Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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.)
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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.

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Thailand E-commerce Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Technological Trends in the Industry

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Industry Attractiveness - Porters Five Force's Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on the E-commerce Market

    8. 1.8 Insights on Reverse/Return Logistics

    9. 1.9 Government Initiatives and Regulations

    10. 1.10 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Transportation

      2. 2.1.2 Warehousing and Inventory Management

      3. 2.1.3 Value-added Services (Labelling, Packaging, etc.)

    2. 2.2 By Business

      1. 2.2.1 B2B

      2. 2.2.2 B2C

    3. 2.3 By Destination

      1. 2.3.1 Domestic

      2. 2.3.2 International/cross-border

    4. 2.4 By Product

      1. 2.4.1 Fashion and Apparel

      2. 2.4.2 Consumer Electronics

      3. 2.4.3 Home Appliances

      4. 2.4.4 Furniture

      5. 2.4.5 Beauty and Personal Care Products

      6. 2.4.6 Other Products(Toys,Food Products,etc.)

Thailand E-commerce Logistics Market Size FAQs

The Thailand E-commerce Logistics Market is projected to register a CAGR of greater than 9.5% during the forecast period (2024-2029)

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.

Thailand E-commerce Logistics Market Report Snapshots

Thailand E-commerce Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)