Market Research Reports - Ken Research Thailand Freight Forwarding Market Outlook to 2022

Thailand Freight Forwarding Market Outlook to 2022: Ken Research
The report titled “Thailand Freight Forwarding Market Outlook to 2022 – By Freight
Movement (Sea, Road, Air and Rail Freight); By Normal and Express Delivery; By International
and Domestic Freight; By International Flow Corridors and By Third Party Logistics” provides a
comprehensive analysis of overall market size for freight forwarding in Thailand, segmentation
by normal and express delivery, by freight movement (sea freight, road freight, air freight and
rail freight), by international and domestic freight forwarding and by flow corridors (Asia
Countries, NAFTA countries, European Countries and Others). The report also covers the
overall competitive landscape and government role and regulations. The report concludes with
market projection for future and analyst recommendations highlighting the major opportunities
and cautions.
Thailand Freight Forwarding Market Overview and Size
The growth of freight forwarding in Thailand was supported by development in major industries
such as manufacturing, retail, automobiles and agriculture. Expanding FMCG sector, retail
sector, food and E-commerce industry in the country has attributed to the growth of the freight
forwarding industry in the country. The freight forwarding industry in Thailand has grown at a
five year positive CAGR in the review period 2012-2017. The Thai government’s focus on
improving the sectors including infrastructure development, the restructure of the rail freight
market under the transport infrastructure development strategies 2022 will see the
development of the cargo transport market via railways and increase the role of rail freight,
particularly in key economic zones as well as the remote areas.
Thailand Freight Forwarding Market Segmentation
By Normal and Express Delivery
The normal / standard delivery segment dominated Thailand freight forwarding market
whereas the remaining revenue share was captured by the express delivery segment in the year
2017. Normal delivery services are generally preferred where there is no urgent requirement
for ordered goods. In Thailand, majority of the customers prefer the cheapest form of shipping
and are witnessed to wait for longer durations. Major companies operating into normal delivery
includes SCG Logistics, Schenker Limited, Yusen Logistics, CEVA Logistics, Wice Logistics, Siam
Shipping Agility Logistics, III Logistics and others.
By Freight Movement
The road freight segment dominated Thailand freight forwarding market in the year 2017 owing
to a larger fleet of vehicles and strong cross-border trade with the ASEAN neighbors coupled