“Growth in the sales of used passenger vehicles as well as commercial vehicles coupled with an increase in condominium and commercial spaces has led to the rising demand for classifieds in Thailand.”
Analysts at Ken Research in their latest publication “Thailand Online Classified Market Outlook to 2023- By Horizontal and Vertical Classified, By Source of Revenue (Listings and Media Advertising), By Verticals (Automobile, Properties, Jobs and Others), By Channel (B2B and B2C & C2C)” believe that the classified market in Thailand has grown significantly due to the increasing internet penetration, rising digital infrastructure and various government initiatives such as the Thailand 4.0 and others. The market registered a positive CAGR of 5.5% in terms of revenue for the period of 2013–2018.
Increase in Used Car Sales: The automobile purchases through online portals have flourished in the last few years accounting on the steady economic growth, the widespread use of internet and increase in sales of used vehicles in Thailand. The country’s used car market is expected to grow by 10% in 2019 to 2.2 million units due to higher price tags for new cars, dearer with the imposition of the new excise tax rate, while used cars prices remain stable, and thus more attractive to potential buyers. Used car Classified listings is expected to increase due to the impact of the new automotive tax policy, which will increase the cost of all new cars except for eco-cars by 5% to 10%. Vertical automobile classifieds websites are adding new revenue streams by offering various financing options. This will give rise to the demand for Automobile loan classifieds, where the classifieds hold information about different financing options given by various financial institutions.
Increasing Demand for Condominium and Commercial Office Spaces: The Residential properties majorly dominate the classified space in terms of a number of listings, and the condominium based homes are the driving forces for this segment holding 76% of the residential listings. Thailand’s Eastern Economic Corridor (EEC) project which involves investments in the manufacturing and consultancy industries are driving the commercial spaces in and around the project.
Growing Demand for IT professionals: The online classifieds market is growing at a steady pace mainly due to increasing government efforts towards making the country digital and increasing the employment opportunities from surging industrial activity leading to the popularity of online job classifieds. The economy of Thailand has a low birth-rate and the average age of the labor workforce is 40 years thus increasing the demand for more young professionals. The nation is slowly shifting to digitalization and thus the jobs pertaining to the Gig Economy such as part-time jobs, location independent jobs, and other jobs have significantly increased in terms of listings.
Key Segments Covered:-
By Type of Scope of Listings
Horizontal
Vertical
By Type of Classifieds
Specialized Classifieds
News Classifieds
By Source of Revenue
Listings
Media Advertising
By Vertical Category
Automobile
Property
Jobs
Others (includes agriculture, gems, jewelry, community and services)
By Channel
B2B
B2C and C2C
By Region
Bangkok
Others (Chiang Rai, Lam Phun, Nan, Phayao)
Key Target Audience:-
Automobile Companies
Construction Companies
Real Estate Companies
HR Consultancies
E-commerce Companies
Classified Companies
Investors
Advertising Agencies
Corporate Clients
B2B Businesses
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Companies Covered:-
DD Properties
Dot Properties
Thailand Property
Kaidee
Real Estatehub
Real estate Thailand
Bangkok Citismart
Chobrod.com
One2car
Carmana
Motors.co.th
Job Thai
Career Jet
Job bkk
Job Thai Web
Job Top Gun
Job.th
ejobesay.com
Jobdb
eworld trade
Thai trade
Trade world Asia
Locanto
Checkraka
Keywords:-
Online Classified Industry Report
Online Classified Market Report
Thailand Online Classified Industry Report
Thailand Online Classified Market Report
Thai Online Real Estate Classifieds Market
Thai Online Classified Ad Platform Market
Ad Posting Market Thailand
Thai Auto Classified Paid Listing
Automobile Classifieds Market Thailand
Car Classified Thailand Market
Classified Statistics Thailand
Online B2B Classifieds Industry Market
Online C2C Classified Market Thailand
Online C2C Classifieds Industry Thailand
Thai Online Property Classifieds Industry Size
Thai Online Recruitment Classifieds Industry
Property Classified Industry in Thailand
Real Estate Classified Market Thailand
Recruitment Classified Industry in Thailand
For More Information On The Research Report, Refer To Below Link:-
Thailand Online Classified Market Outlook
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
