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 |
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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.
