GURUGRAM, India, Jan. 31, 2023 /PRNewswire/ -- Thailand E-Commerce Logistics Market is in the growing stage, The growth of Thailand's logistics sector is also being supported by booming exports with automotive, agribusiness, chemicals and electronics being in-demand industries at the moment.
Technology advancement: This helps to boost E-Commerce is easier and more secure digital payment options can make the online shopping experience more convenient for both customer and merchant online payments also allow for more flexible delivery arrangements like the living parcel to lockers since and consumer does not need to be present to make the payment.
Internet-Savvy Consumers Comfortable with making Online Purchases: Given Thailand's mobile phone penetration rate of 98% and smartphone penetration at 71% in 2021, it is no surprise that smartphone users dominate E-Commerce activities. ETDA notes that generation why those were now around 17 to 36 years old spent the most of the time online last year especially on Facebook Instagram Twitter in Pantip from where the make all their transactions.
Platform Integration: E-Commerce platforms face a major challenge in integrating a critical mass of multiple user bases, i.e. sellers and buyers. Often, a platforms perceived value rests largely on this factor. High delivery failure rates due to lack of order and delivery consolidation between retailers.
Analysts at Ken Research in their latest publication "Thailand E-Commerce Logistics Market Outlook to 2026F- Driven by Change in Consumption Pattern of Consumers, Government Initiatives and Innovation of Advanced Technologies" by Ken Research observed that Thailand E-commerce Logistics Market is in the growing phase. Technology will have a huge role to play in the sector as applications and AI, horde of other devices like drones, electric vehicles, automated systems, high-tech security are some of the factors that will contributed to the Thailand E-commerce Logistics Market growth over the period of 2021-2026F. It is expected that Thailand E-commerce Logistics Market will grow at a CAGR of 9.5% for the above forecasted period.
Key Segments Covered in the report:-
Thailand E-commerce Logistics Market
By Delivery by shipment
By International and domestic by shipment
By Mode of Payment by shipment
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By Shipment Weight by shipment
By Age Distribution by shipment
By E-Commerce Value by shipment
By Booking Mode by shipment
By Product Category by Revenues
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Time Period Captured in the Report:-
Key Topics Covered in the Report:-
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Thailand E-Commerce Logistics Market
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Ankur Gupta, Director Strategy and Growth
SOURCE Ken Research
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