with national network of strategically located warehouses and distribution centers. The sea freight segment followed road freight services in Thailand freight forwarding market in the year 2017 majorly due to increasing trade activities with FTA signatories. Ports of Laem Chabang and Bangkok are the leading seaports of Thailand and handle the majority of sea freight volume in the country, thereby offering services like cargo handling, tallying and warehousing. Other leading seaports include Chiang Saen port.
By International and Domestic Freight Forwarding
International freight forwarding accounted for majority of the revenues for overall Thailand freight forwarding market in 2017. Free trade agreements with other nations over the period have provided significant boost to international freight forwarding sector in Thailand. On the other hand, the domestic freight forwarding segment was observed to capture the remaining share in 2017.
By Flow Corridors
Asia flow corridor was observed to be the largest contributor in terms of revenue in Thailand freight forwarding market in the year 2017. In accordance with International Trade Centre, Thailand’ s import to Asia as well as export from Asia was recorded as of 2017 in comparison with other regions such as NAFTA countries, Europe, and others. The Thailand-Europe flow corridor followed Thailand-Asia with a double digit share in the year 2017. Other major flow corridor includes the NAFTA countries which have been counted as emerging trading partners for Thailand.
Bangkok in the central region is drawing interest from a number of global investors seeking office / commercial space, retail and hospitality investment opportunities coupled with a high rise in buildings and a number of shopping centers in the city. The city is well connected with the rest of the world through air and sea routes and thereby, drawing huge foreign investments from international players to various sectors.
Competitive Landscape
The freight forwarding industry in Thailand was observed as highly fragmented with the presence of both domestic as well international freight forwarders in the country. According to the membership record of customs broker and Transport association of Thailand, there are around 1400 large scale international freight forwarders that provide all types of services including LCL, FCL and others, large scale operators exist which provide fewer services thus totaling ~ large scale international freight forwarders in the country. On the basis of revenue, major freight forwarding companies providing air freight services include- Kerry Logistics, DHL Express, CJ Express, Thai Post, DHL Post, Nikos Logistics, FedEx, TNT and UPS. Other freight