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Cargo Throughout Thailand Seaport, Cargo Output through Thailand Seaports - Ken Research

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The report 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).. For more information on the research report, refer to below link: – PowerPoint PPT presentation

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Title: Cargo Throughout Thailand Seaport, Cargo Output through Thailand Seaports - Ken Research


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Thailand Freight Forwarding Market Outlook to
2022 Ken Research
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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.
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The Thai governments 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.
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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 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.
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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, Thailands 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.
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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 forwarders focusing on ocean
freight / contract logistics / warehousing
services include Ceva Logistics, Agility
Logistics, DB Schenker and others. The China,
Japan, US and EU market was witnessed to majorly
contribute towards Thailand freight forwarding
market. Thailand Freight Forwarding Market
Future Outlook and Projections Thailand freight
forwarding market is expected to generate
significant revenues by the year ending 2022,
driven by growth in both international and
domestic demand, growing E-commerce industry and
continuous investment by the government in
development of logistics infrastructure in
Thailand.
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The growth shown by the automobiles industry and
electronics manufacturing has fuelled the economy
during the tough economic period in the past few
years, thus driving the demand for freight
forwarding services. As the AEC blueprint 2025 is
materialized on ground, the country is expected
to be benefitted in a positive manner. Key
Segments Covered By Freight Movement
Pipelines Railways Road Sea Air Transportation
Services and Postal services communications
By Delivery Normal Express
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By Freight Forwarding International Domestic By
Flow Corridors Asian Countries NAFTA
Countries European Countries and Others By
Companies International Companies Domestic
Companies Key Target Audience Shipping
Companies Freight Forwarders Logistics
Association Express and E-Commerce Logistics
Companies Consulting service providers Private
Equity/ VCs/ Investment Banking Companies
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Time Period Captured in the Report 2012-2017
Historical Period 2018-2022 Future
Forecast Companies Covered Damco Thailand DHL
Thailand Triple I Kerry Logistics Thailand NCL
Logistics Thailand Nippon Express Thailand DB
Shenker WICE Logistics SIAM Shipping Agility Bangk
ok Freight Forwarders Royaltainer Axium Shipping
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
utomotive-transportation-and-warehousing/logistics
-and-shipping/thailand-freight-forwarding-market-o
utlook-2022/156566-100.html Related
Reports https//www.kenresearch.com/automotive-tr
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g/poland-freight-forwarding-market/149480-100.html
https//www.kenresearch.com/automotive-transport
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https//www.kenresearch.com/automotive-transportat
ion-and-warehousing/logistics-and-shipping/vietnam
-freight-forwarding-market/145654-100.html Contac
t Us Ken Research Ankur Gupta, Head Marketing
Communications sales_at_kenresearch.com 91
9015378249
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