Thailand Third Party Logistics Market Size 2022, Growth, Rising Trends, Revenue, Industry Share, Challenges, Future Opportunities and Forecast till 2032: SPER Market Research
Storage, or warehousing, is a method used to hold products that must be sold or delivered at a later time. A distribution logistics service includes the movement of commodities from the source to the destination. The planning, execution, and management of the effective and economical flow of products, services, and information from the point of source to the site of consumption is referred to as logistics and warehousing. Thailand is vital to the transportation of products between East Asia and the rest of the globe because it is a strategically located link to the Association of Southeast Asian Nations area. It includes a range of tasks in the Thailand setting including value-added services, transportation, warehousing, inventory control, and customs clearance.
According to SPER market research, ‘Thailand Logistics and Warehousing Market Size-By Function, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Thailand Freight and Logistics Market is predicted to reach USD XX billion by 2032 with a CAGR of XX%.
The market for logistics and warehousing has grown as a result of Thailand’s robust economic performance and investments made in a number of industries. Growing consumer expenditure and strong GDP growth have boosted trade volumes. The nation’s involvement in trade agreements has increased demand for logistics services and facilitated cross-border trade. A greater need for prompt and effective delivery services has resulted from the increasing popularity of online purchasing. Logistics companies have taken the lead in developing creative solutions and adapting to the shifting demands of e-commerce platforms. The Thai government’s emphasis on trade and investment promotion, as well as the development of infrastructure, has made favourable conditions for the logistics and warehousing sector. Efforts to simplify customs processes and cut expenses associated with logistics have also proved beneficial.
Although the transportation infrastructure in Thailand is reasonably well-developed, there are still limitations and obstacles, particularly in some areas. Businesses may face difficulties as a result of the numerous rules and compliance requirements that apply to the logistics and warehousing sector. Complying with labor rules, licensing requirements, and customs regulations can be expensive and time-consuming. To satisfy the changing demands of the sector, skilled workers with knowledge of supply chain management, logistics technology, and customs processes are required. The logistics industry is a contributing factor to both environmental deterioration and carbon emissions. The sector has obstacles in adopting greener solutions due to growing awareness of sustainability and the necessity of eco-friendly practices.
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Impact of COVID-19 on the Thailand Retail Logistics Market
The warehousing and logistics business in Thailand was significantly impacted by the Covid-19 outbreak. Global supply networks were limited by lockdowns and travel restrictions, which caused lack of goods, shipment delay, and a rise in demand for necessities. However, online buying spiked, which raised demand for logistics services linked to final-mile distribution and e-commerce fulfilment. Consumer behaviour changed as a result of the crisis, with a greater emphasis on ease, sanitation, and contactless delivery. Logistic businesses have put in place stringent safety precautions, including contact tracing, temperature checks, and sanitization protocols, to safeguard both their employees and clients.
Thailand Cold Chain Logistics Market Key Players:
Bangkok’s metropolitan area is an important centre for logistics because it is both the country’s capital and economic core. It is a prime site for international trade, distribution, and warehousing since it has convenient accessibility to industrial estates, ports and airports. Additionally, some of the key market players are Deutsche Post DHL Group, CEVA Logistics, Deutsche Bahn AG, Kerry Logistics Network Limited, Yusen Logistics Co. Ltd., and others.
Thailand Transport and Logistics Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Function: Based on the Function, Thailand Logistics and Warehousing Market is segmented as: {Freight Transport (Road, Shipping, Air, Rail), Freight Forwarding, Warehousing, Value-added Services and Other Services)
By End User: Based on the Distribution Channel, Thailand Logistics and Warehousing Market is segmented as: Manufacturing and Automotive; Oil and Gas, Mining and Quarrying; Agriculture, Fishing and Forestry; Construction, Distributive Trade; Healthcare and Pharmaceutical; Others.
By Region: This report also provide the data for key regional segments of Thailand; Northern, Northeastern, Central, Southern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Thailand E-commerce Logistics Market Future Outlook
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