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• The military government in Thailand has announced its intention to support the logistics sector by strengthening the infrastructure and implementing policies that are friendly to trade in order to achieve its goal of positioning the country as the gateway to the Association of Southeast Asian Nations (ASEAN). • In terms of transporting goods inside the nation, the road is by far the most common mode of transportation, and this trend is expected to continue as regional economies become more integrated. Free trade agreements (FTAs) have been struck by Thailand with a number of major economies, including China, the United States of America, India, and others. Because the nation has been a member of the World Trade Organization (WTO) since 1995, it has been open to foreign companies that operate and manufacture from Thailand, which has contributed to the country’s trade surplus throughout the years. As a result of Thailand’s agreements with the ASEAN community, there has been a growth in the transit of goods over the border via highways and ports, and there have been no significant restrictions of any kind. Some of the most important items that are exported are textiles and footwear, as well as fisheries products, rubber, jewelry, automobiles, computers, and electrical appliances, among other things. It is anticipated that the central area of Thailand would be at the forefront of the ocean and road freight forwarding business. This region is currently considered to be one of the finest sites for Thailand’s exports and imports. Roadways have been more popular in Thailand as a result of the nation’s better road network. As a result, they have become the main choice for transporting goods inside the country. This is because there is a large number of local freight forwarders and trucking fleet operators. With a particular emphasis on double-track trains, the Thai government has prioritized the expansion and modernization of the country’s railway network, which has resulted in the allocation of about 500 billion Thai Baht as part of the Thailand Transport Infrastructure Strategies 2022. The government has placed a particular emphasis on ensuring that the land borders of the nation are smoothly linked to the ASEAN network and that the country has a good access to the Chinese and Indian market. This will further contribute to the strengthening of the country’s commercial connections. Moreover, the expansion of sea port infrastructure will support increased cargo volumes across the big ports and free zones in the future years, with an improvement in port capacity and connection. This will be accomplished via the enhancement of connectivity. The analysts at Ken Research believe that increasing the number of channel points, strengthening infrastructure connections, improving service quality in terms of training the personnel, and promoting railways for freight transportation will have a positive impact on the market. This belief is expressed in their most recent publication, which is 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.” During the period of time covered by the projection, the Thailand freight forwarding market is anticipated to have a positive compound annual growth rate of 4.8 percent. In addition, it is anticipated that the market will be driven by the growing demand that is a result of the picking up of global markets, including China, the growing preference of consumers for online shopping, the upcoming infrastructure in the country, and the continuous investment by the government in the development of logistics infrastructure, as well as consistent economic growth. major themes that are discussed in the report are as follows: Those who offer logistical services the expense of freight forwarding in Thailand infrastructure of transportation in Thailand related to the road freight sector in Thailand Thailand freight forwarding services in Thailand freight forwarding services in Bangkok free trade agreements of Thailand freight forwarders in Thailand shipping service providers in Thailand a fleet of important Thai seaports that facilitates cargo transportation across Thailand Seaport suggestions suggestions about Thailand’s freight The following are the primary aspects of Thailand’s transportation infrastructure that are covered by freight movement: pipelines, railroads, roads, sea, and air; transportation services (including postal services and communications via delivery); •normal •express 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 2012–2017 is the time span that is covered in the report; this is the historical period. 2018-2022: a projection of the future firms that are included: Damco Thailand, DHL Thailand, Triple I, Kerry Logistics Thailand, NCL Logistics Thailand, Nippon Express Thailand, Db Shenker, Twice Logistics, and Siam Shipping are some of the companies that handle logistics in Thailand. Bangkok freight forwarders, Royaltainer, and Axium Shipping are all examples of agility. Please refer to the following website for more details on the study report: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/thailand-freight-forwarding-market-outlook-2022/156566-100.html Related papers may be found at the following website: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/poland-freight-forwarding-market/149480-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/oman-freight-forwarding-market/149658-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-freight-forwarding-market/145654-100.html Get in touch with us: Ankur Gupta, head of marketing and communications at Ken Research, may be reached at sales@kenresearch.com or by calling +91 9015378249.
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