Thailand Freight and Logistics Market Size

Statistics for the 2023 & 2024 Thailand Freight and Logistics market size, created by Mordor Intelligence™ Industry Reports. Thailand Freight and Logistics size report includes a market forecast to 2030 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of thailand freight and logistics Industry

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Thailand Freight and Logistics Market Summary
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Icons Lable Value Study Period 2017 - 2030 Market Size (2024) USD 50.16 Billion Market Size (2030) USD 72.19 Billion Largest Share by Logistics Function Freight Transport CAGR (2024 - 2030) 6.26 % Fastest Growing by Logistics Function Courier, Express, and Parcel (CEP)

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*Disclaimer: Major Players sorted in no particular order

Key Players



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Thailand Freight and Logistics Market Analysis

The Thailand Freight and Logistics Market size is estimated at 50.16 billion USD in 2024, and is expected to reach 72.19 billion USD by 2030, growing at a CAGR of 6.26% during the forecast period (2024-2030).

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50.16 Billion

Market Size in 2024 (USD)

72.19 Billion

Market Size in 2030 (USD)

3.83 %

CAGR (2017-2023)

6.26 %

CAGR (2024-2030)

Fastest Growing Market by Mode of Transport

7.97 %

Projected CAGR, Air, 2024-2030

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In 2023, the Thai Government initiated the USD 8.8 billion Eastern Aviation City project. Spanning an expansive 1,040 hectares, the project is set to redefine the region's aviation landscape.

Largest CEP Market by Destination

65.06 %

value share, Domestic, 2023

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E-commerce has been a major driver for the growth of the domestic segment of the CEP market. In 2023, the e-commerce market was valued at USD 16.41 billion, up from USD 15.36 billion in 2022.

Largest Market by End User Industry

40.08 %

value share, Wholesale and Retail Trade, 2023

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The end-user industry is being propelled by the surge in e-commerce. The e-commerce market rebounded with a 6.83% YoY growth in 2023, following a decline of 0.96% YoY in 2022.

Largest Warehousing Market by Temperature Control

92.15 %

value share, Non-Temperature Controlled, 2023

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The continued boom in e-commerce, coupled with the structural shift toward omnichannel strategies is leading to a growing demand for non-temperature-controlled warehousing space.

Fastest Growing Warehousing Market by Temperature Control

6.01 %

Projected CAGR, Temperature Controlled, 2024-2030

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The OTC pharmaceuticals sector is projected to register a CAGR of 5.93% during 2024-2028, which is expected to drive the demand for temperature-controlled warehouses.

Rising GDP contribution of the transport sector increases investment opportunities in the freight market

  • In 2023, the Thai government initiated the Eastern Aviation City project worth THB 290 billion (USD 8.8 billion). This involves the transformation of U-Tapao Airport, a facility dating back to the Vietnam War in Rayong, into a global aviation hub. The upgraded airport will be linked to Don Muang Airport and Suvarnabhumi Airport. Spanning 1,040 hectares, the project encompasses the construction of a new terminal and the establishment of a cargo-free trade zone.
  • Thailand is advancing its transportation and logistics landscape, positioning itself as the ASEAN's transportation nucleus. The country's increasing urbanization has spurred a demand for transportation enhancements. As of 2021, Thailand's national infrastructure development program allocated USD 25.2 billion across 36 projects. These projects encompass a wide spectrum, ranging from rail and road upgrades to public transport enhancements, airport expansions, and seaport developments across the nation. Notable initiatives include the U-Tapao airport overhaul, upgrades to Sattahip, Laem Chabang, and Map Ta Phut seaports, the implementation of high-speed and double-track railways, and the expansion of Bangkok's public transport network.
  • Thailand aims to convert about 30% of its annual production of 2.5 million vehicles into EVs by 2030 and is preparing incentives to encourage more investment and conversion into EV manufacturing. Thailand plans to provide incentives and tax breaks for manufacturers setting up electric vehicle R&D centers as it seeks to build on early success as a regional EV frontrunner. Various Chinese automobile manufacturers have committed to invest USD 1.44 billion in new production facilities in Thailand, with BYD investing nearly USD 500 million to produce 150,000 EVs a year.
Thailand Freight and Logistics Market

Thailand Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030