Logistics services such as transportation of products, sea-air intermodal transportation, warehouse management, cold chain services and inspection carry a major demand to support the country’s manufacturing industries as well as food and agriculture businesses.
The freight forwarding companies operating in Thailand specializes in providing a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims. Expanding FMCG sector, retail sector, food and E-commerce industry and the booming automobile and electronics industry has attributed towards the growth of freight forwarding industry in the country. Surging demand for wearing apparels, rubber and plastic products, heavy machinery, electrical appliances, motor vehicles and other transport equipment has expanded their production over time. Rapid growth in the country’s manufacturing sector exports was one of the major driving forces for Thailand’s freight transportation.
Thailand’s freight transport market is majorly dominated by the roadways. From bulk cargo to a single package, perishable goods to fragile freight, heavy outsized cargo and dangerous goods, all types of freight are transported. Thailand government has invested a large proportion in infrastructure to facilitate freight transport and development of logistics services with a focus on the development of the railway network in order to complement the roadways. Chabang Port, Bangkok Port, Chiang Saen Port have witnessed major upgrades in the past few years as a strategy to upgrade the logistics infrastructure of the country and utilize the important geo-strategic location to position Thailand as the gateway to ASEAN countries. Thailand has become one of the leading destinations in the world for foreign multinationals, thereby attracting FDIs to setup their global manufacturing base within Thailand due to various free zones doling out lucrative offers for foreign entities thus creating a positive impact on the country’s cargo transport market.
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” by Ken Research suggested a modest growth at a five year CAGR of around 5% in terms of revenue in Thailand freight forwarding market in next 5 years till the year ending 2022.
Key Topics Covered in the Report:
Logistic Service Providers Thailand
Transport Infrastructure in Thailand
Thailand Freight Overview
Freight Forwarding Services in Thailand
Freight Forwarding Services in Bangkok
Free Trade Agreements of Thailand
Freight Forwarders in Thailand
Cargo throughout Thailand Seaport
Cargo Output through Thailand Seaports
Recommendations Thailand Freight
Recommendations Thailand Transport Infrastructure
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications