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Thailand Road Freight Transport - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

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  • 255 Pages
  • February 2024
  • Region: Thailand
  • Mordor Intelligence
  • ID: 5717003
UP TO OFF until Mar 31st 2024
The Thailand Road Freight Transport Market size is estimated at USD 20.07 billion in 2024, and is expected to reach USD 26.21 billion by 2029, growing at a CAGR of 5.48% during the forecast period (2024-2029).

Key Highlights

  • Largest Segment by Distance - Long Haul : Long-haul trucking services dominate the distance segment in Thailand's road freight transport market due to the rising trade patterns and construction of smooth expressways across the country.
  • Largest Segment by Product Type - Solid Goods : As liquid goods only cover limited items, like oil, chemicals, and pharmaceuticals, that make up a relatively lesser proportion of the market, the solid goods sector is the largest segment based on product type in the Thai road freight transport market.
  • Largest Segment by End User - Manufacturing : The manufacturing industry dominates the end-user market for road freight transport in Thailand, as it accounts for more than 27% of the nation's GDP, comprises the majority of all exports, and generates a large volume of jobs. Almost six million workers were offered jobs in 2021.
  • Fastest Growing Segment by TruckLoad Specification - Less than Truckload : The LTL segment is anticipated to be the fastest-growing in the Thai market, attributable to the booming e-commerce industry that is expected to reach a value of USD 33.58 billion by 2025.

Thailand Road Freight Transport Market Trends

Manufacturing is the largest segment by End User.

  • The United States’ imports of Thai agricultural fishery and forestry products in 2021 declined by 1% to amount to USD 4,187 million compared to USD 4,239 million in 2020. Consumer-oriented products accounted for half of the US agricultural product imports from Thailand in 2021, followed by seafood products (29%), bulk commodities (18%), intermediate products (4%), and forestry products (2%).
  • Despite economic disruptions, the government remains hopeful that private investment in the EEC will reach THB 300 billion (USD 9.2 billion) by 2022 and rise to an annual average of THB 500 billion (USD 15.3 billion) between 2023 and 2027. Under the SEC, the government planned to invest THB 106.8 billion (USD 3.4 billion) for the development of 116 projects during 2019-2022. This situation will further boost the construction sector. In 2021, the construction industry's investment value for the public sector in Thailand amounted to around THB 804 billion (USD 24.06 billion). The total construction investment value amounted to around THB 1.3 trillion (USD 38.91 billion) in 2021. Although the construction industry in the country has been severely interrupted by the COVID-19 pandemic, resulting in temporary shutdowns of construction sites, the industry still has great growth potential for the future.
  • In the fourth quarter of 2021, the manufacturing sector contributed 34% to the Thai economy. The manufacturing sector was the highest contributor of all sectors, followed by the service sector. In 2021, the manufacturing sector contributed approximately THB 4.37 trillion (USD 130.79 billion) to Thailand's gross domestic product, which amounted to around THB 15.6 trillion (USD 466.88 billion) in the same year. The GDP contribution of the manufacturing sector has been fluctuating over the past decade. Thailand is one of the largest manufacturing hubs in the world, with leading segments like electrical and electronic appliances, automobiles and parts, and food products. As of February 2022, the manufacturing production index (MPI) of food products in Thailand was the highest among all segments, scoring 125.09 index points. Soybean oil registered the highest production growth among all food products in 2020, closely followed by frozen fish.

Thailand Road Freight Transport Industry Overview

The Thailand Road Freight Transport Market is fragmented, with the top five companies occupying 3.72%. The major players in this market are Deutsche Post DHL Group, Flash Express, Geodis, Linfox and Yusen Logistics (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4.1 GDP Distribution By Economic Activity
4.2 GDP Growth By Economic Activity
4.3 Wholesale Price Inflation
4.4 Economic Performance And Profile
4.5 Transport And Storage Sector GDP
4.6 Logistics Performance
4.7 Modal Share Of Freight Transport Sector
4.8 Length Of Roads
4.9 Export Trends
4.10 Import Trends
4.11 Fuel Pricing Trends
4.12 Trucking Operational Costs
4.13 Trucking Fleet Size By Type
4.14 Major Truck Suppliers
4.15 Road Freight Tonnage Trends
4.16 Road Freight Pricing Trends
4.17 Regulatory Framework
4.18 Value Chain & Distribution Channel Analysis
5.1 End User
5.1.1 Agriculture, Fishing And Forestry
5.1.2 Construction
5.1.3 Manufacturing
5.1.4 Oil And Gas, Mining And Quarrying
5.1.5 Wholesale And Retail Trade
5.1.6 Others
5.2 Destination
5.2.1 Domestic
5.2.2 International
5.3 Truckload Specification
5.3.1 Full Truckload
5.3.2 Less Than Truckload
5.4 Containerization
5.4.1 Containerized
5.4.2 Non- Containerized
5.5 Distance
5.5.1 Long Haul
5.5.2 Short Haul
5.6 Product Type
5.6.1 Liquid Goods
5.6.2 Solid Goods
5.7 Temperature Control
5.7.1 Controlled
5.7.2 Non-Controlled
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 CTI Logistics Company Ltd
6.4.2 Deutsche Post DHL Group
6.4.3 FedEx
6.4.4 Flash Express
6.4.5 GC Logistics Solutions
6.4.6 Geodis
6.4.7 Kerry Logistics Network Limited
6.4.8 Linfox
6.4.9 Profreight Group
6.4.10 Yusen Logistics
8.1 Global Logistics Market Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
8.7 Currency Exchange Rate

Companies Mentioned

A selection of companies mentioned in this report includes:

  • CTI Logistics Company Ltd
  • Deutsche Post DHL Group
  • FedEx
  • Flash Express
  • GC Logistics Solutions
  • Geodis
  • Kerry Logistics Network Limited
  • Linfox
  • Profreight Group
  • Yusen Logistics