DUBLIN--(BUSINESS WIRE)--The "Thailand Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Thailand freight & logistics market is expected to reach a market value of USD 122 billion by 2023, registering a CAGR of 6.08% during the forecast period (2018 - 2023).
The freight forwarding business in Thailand is dominated by the global players, owing to their expertise in service offerings and presence in the global market. A large chunk of freight movement flows through road, which creates significance for the local players in the market, as knowledge of regional borders is important in road freight services.
Presently, DHL holds a leading position in the Thai logistics market, with a foothold in air & sea freight and their expertise in 3PL services. Other major players, such as CEVA, DB Schenker, Khuehne + Nagel, Damco, NYK Line, and Toll, dominate the market in specific segments. For instance, DB Schenker dominates the Thai contract logistics industry, while in the road freight segment, NYK group is a key and major player.
The development of the Eastern Economic Corridor (EEC) is expected to create a huge demand for contract logistics in Thailand. The country has approved an investment of USD 45 billion for EEC, which is anticipated to be completed by 2021. The EEC spans 13,285 sq. km covering three provinces at Chachoengsao, Chonburi, and Rayong in Eastern Thailand.
Companies Mentioned
- DB Schenker
- DHL
- Yusen Logistics
- Sinotrans
- JWD Info Logistics
- SCG Logistics
- Triple I Logistics
- CEA Project Logistics
- Ceva
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Dynamics
4. Thailand Freight & logistics Market Insights, by Mode of Freight Transport Forecast (2014 - 2023)
5. Thailand Freight & Logistics Market Insights, by Function Forecast (2014 - 2023)
6. Thailand Freight & Logistics Market Insights, by End User Forecast (2014 - 2023)
7. Key Company Players
8. Investment Outlook
9. Appendix
10. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/ns463v/thailand_freight?w=4
