(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 26, 2021, 07:05 /Comserve / -- Thailand Courier, Express, and Parcel (CEP) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The market for Courier, Express, and Parcel (CEP) in Thailand is estimated to be valued at more than USD 1.2 billion and is estimated to grow at a CAGR of more than 7.5% during the forecast period.
- Thailand, being located at the heart of the Southeast Asia and supported by its superior roadways network, the express delivery services market of the country is growing.
- The parcel delivery market in the country has been witnessing strong growth in the past few years in line with Thailand's e-commerce market which is also growing at more than 10%.
- The growth in the market is being driven by changing consumer behaviour with growing preference for online shopping on online marketplaces such as Lazada, Shopee, JD Central, Priceza and social commerce through social media platforms such as Facebook, Line, Instagram. The support of the Thai government for developing SMEs is also propelling the growth of the market.
- Going forward, the average transportation costs are expected to decrease. The companies are focusing on reducing the operating costs as well as service costs which helps them to secure more volume and gain market share.
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Key Market Trends
E-Commerce driving the share of B2C segment:
One of the major enablers of CEP and last mile in Thailand is the booming e-commerce industry. As the e-commerce market is growing in the country, the demand for last mile and express delivery is increasing. With the rise of e-commerce, the share of consumer deliveries is increasing in the formerly business-oriented parcel delivery market. The e-commerce logistics services market in Thailand is mainly fueled by the increase in the number of small and medium-sized enterprises, who sell online and well-connected technological infrastructure.
Some of the key factors that companies need to focus in future include technology (more investments in automation and smart technologies), workforce (demand for drivers and technological skills is expected to increase) and keeping up with government regulations.
For instance, the agreement on facilitating cross-border transportation between member countries in the Greater Mekong Sub-region (GMS-CBTA) as more than 60% of products on e-marketplaces in Thailand are imported from the member countries in the Greater Mekong Sub-region. Similarly, as the sales of Thai e-commerce companies are foreign countries are also increasing, there are some regulations related to cross-border logistics which help them in tax exemption.
International CEP Market to witness Significant Growth:
The increasing international trade of the country is boosting the demand for international express services. The initiatives of government as well as companies to promote cross-border e-commerce and help SMEs in Thailand to reach global markets is propelling the growth of the international CEP market, which is expected to grow at more than 9% during the forecast period.
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The Thailand 4.0 initiative of the government includes supporting cross-border trading and the selling of goods to international markets and fostering trade with CLMV countries (Cambodia, Laos, Myanmar, and Vietnam). The USD 428 million partnership between Chinese e-commerce giant Alibaba with Thai government on durian fruit sales in Apr 2018 has significantly boosted the cross-border e-commerce in the country. Since then, many partnerships and collaborations have happened in various areas such as cross-border trade, logistics, payment systems, etc.
Competitive Landscape
The Courier, Express, And Parcel (CEP) market in Thailand is consolidated in nature dominated by few players and is highly price competitive. The two key players in the market include Kerry Express and Thailand Post - the market share of these two companies together account for more than 50%. Some other significant players include Nim Express, SCG Express, DHL, and Lazada Express amongst others.
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Government Regulations
4.4 Value Chain / Supply Chain Analysis
4.5 Overview of Logsitics and Warehousing Market in Thailand
4.6 Brief on Freight Rates (avg. cost per parcel for domestic and international transport, trends, etc.)
4.7 Spotlight on 3PL Market in Thailand
4.8 Insights on Reverse Logistics
4.9 E-Commerce Logistics Market in Thailand
4.10 Impact of COVID-19 on Thailand Logistics and CEP Markets
5 MARKET DYNAMICS
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