Thailand E-commerce Logistics Market Size
| 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 Market Trends
Increasing Adoption of Electronic Payments
Increased internet and mobile phone use, as well as enhanced logistics and e-payment systems, which increased consumer trust to shop online, are the elements driving this expansion. The Digital Economy Promotion Agency estimates that the e-commerce market will generate USD 6,384 million in 2023.
By 2023, the market for mobile commerce is projected to reach USD 25 billion, growing at a compound annual growth rate of 12%, driven by expanding smartphone penetration (about 40%) and a well-established preference for mobile over desktop buying.
A budget has been set aside by the Thai government as part of its Thailand 4.0 policy with the express intention of building a broadband network for every hamlet nationwide. This national broadband network will support modern economic development by fostering eCommerce and bridging the digital gap.
The government also plans to develop the newest digital application platforms to support and advance online operations including e-government, e-payments, and the e-marketplace. The ultimate objective is for the locals to begin operating eCommerce enterprises for their goods and services.
Adoption of digital wallets should be boosted by government support as well as rising smartphone usage. Debit and credit card use for online purchases is still common in Thailand. Although it still exists in the Thai e-commerce business, the use of cash on delivery is decreasing.
Digital Marketing and Social Media Boosting the Market
In Thailand, there are currently 48.6 million internet users, a rise of 5.9 million from 2021 to 2022. Additionally, there are 56.85 million users of social media in Thailand and 95,6 million mobile connections. Facebook, YouTube, Line, Instagram, Twitter, and Tiktok are the social media sites that are most popular in Thailand.
Around 50 million people use Facebook, 45 million use Line, 42.8 million use YouTube, 35.8 million use TikTok, 35.70 million use Facebook Messenger, 18.5 million use Instagram, 11.45 million use Twitter, and 3.3 million use LinkedIn in Thailand.
The coronavirus pandemic accelerated Thailand's transition to a "cashless society," which included a rise in the use of online payment methods by merchants. Online payments are frequently utilized at restaurants and shopping centres, but they are now commonplace; even street carts allow customers to pay online or by scanning a QR code.
The 4.0 program in Thailand, which promotes the digitalization of Logistics business and payment systems, will also have a significant impact. The Thai government promotes the usage of Internet banking by disbursing state aid to citizens via the "Paotang App" e-payment platform.
Social media and smartphone apps are used by Thais to explore new products before making purchases. With 36.60 million consumers currently making direct online purchases of consumer products, Thai consumers are already quite prevalent.
The strongest online shopping categories continue to be apparel, food & beverages, personal & household care, electronics, and fashion.
Thailand E-commerce Logistics Industry Overview
The Thailand E-commerce Logistics Market is fragmented and consists of a large number of local players to cater to the growing demand. The market sees increasingly fierce competition in the field of e-commerce logistics. It is expected that the growth in exports of agricultural products in the international and domestic markets will also attract many international players in the warehousing and storage fields.
Thailand E-commerce Logistics Market Leaders
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CMA CGM Group
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Deutsche Post AG
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Kerry Logistics Network Ltd.
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MON Logistics Group Co. Ltd.
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SCG Logistics Management Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
Thailand E-commerce Logistics Market News
- December 2022: DB Schenker has launched China-Laos Railway, the service includes auxiliary options such as domestic pick-up, customs declaration, cross-border railway transportation, and destination customs clearance.
- November 2022: DHL prolonged its partnership with the German Bobsleigh, Luge, and Skeleton Federation (BSD) for another four years. The premium and logistics partnership has been in place since the 2014-2015 winter season, and it includes logistics for all equipment during the seasons, along with the branding of sports equipment and clothing of athletes.
Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Technological Trends in the Industry
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porters Five Force's Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on the E-commerce Market
4.8 Insights on Reverse/Return Logistics
4.9 Government Initiatives and Regulations
4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Service
5.1.1 Transportation
5.1.2 Warehousing and Inventory Management
5.1.3 Value-added Services (Labelling, Packaging, etc.)
5.2 By Business
5.2.1 B2B
5.2.2 B2C
5.3 By Destination
5.3.1 Domestic
5.3.2 International/cross-border
5.4 By Product
5.4.1 Fashion and Apparel
5.4.2 Consumer Electronics
5.4.3 Home Appliances
5.4.4 Furniture
5.4.5 Beauty and Personal Care Products
5.4.6 Other Products(Toys,Food Products,etc.)
6. COMPETITIVE LANDSCAPE
6.1 Market Overview
6.2 Company Profiles
6.2.1 CMA CGM Group
6.2.2 Deutsche Post AG
6.2.3 Kerry Logistics Network Ltd.
6.2.4 MON Logistics Group Co. Ltd.
6.2.5 SCG Logistics Management Co. Ltd.
6.2.6 DB Schenker
6.2.7 Unithai Group
6.2.8 WICE Logistics Public Company Ltd.
6.2.9 Yamato Unyu
6.2.10 Yusen Logistics Co. Ltd.
6.2.11 Ceva Logistics
6.2.12 FLS Logistics
6.2.13 Fedex Express
6.2.14 Nippon Express*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
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.) |
Frequently Asked Questions
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.
What years does this Thailand E-commerce Logistics Market cover?
The report covers the Thailand E-commerce Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Thailand E-commerce Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thailand E-commerce Logistics Industry Report
Statistics for the 2024 Thailand E-commerce Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand E-commerce Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
