Change in Consumption Pattern of Consumers, Government Initiatives and Innovation of Advanced Technologies are major factors contributing towards development of E-Commerce logistics in Thailand.
Increasing Adoption of Electronic Payments: With numerous government-led initiative to boost electronic payments, cash transactions in Thailand fell from current 90% to 50% by mid-2020.Thailand business news also reported that mobile internet banking transactions rules to 33% of payment transaction volume in 2017 from 2010 value of just 8%.
Improved logistics services: Improving logistics has a major influencer for e-com growth in Thailand. The advent of players offering last-mile delivery options has allowed retailers to improve e-com logistics to support growth and scale. The recent improvement in gateway security, along with reliable and free shipping methods, have largely persuaded many buyers to purchase products from outside the region.
Government Initiatives: Government will collaborate with E-Commerce Logistics Companies to launch crucial platform for logistics businesses, including Material Handling, Packing, Warehousing, Logistics IT & E-Logistics to showcase advanced capabilities, upgraded technologies, & innovations that can better support industrialists & leverage the growing e-commerce market.
The report “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.