Key Insights
The Thailand road freight transport market is poised for significant expansion, projected to reach $113 billion by 2024, with a Compound Annual Growth Rate (CAGR) of 5.6% from 2024 to 2033. This growth is propelled by the dynamic e-commerce landscape, demanding efficient last-mile delivery. The expansion of manufacturing, construction, and agricultural sectors further bolsters the need for robust road freight infrastructure. Increased cross-border trade and ongoing infrastructure development within Thailand are also key contributors. The market is segmented by goods type, temperature control, end-user industry, destination, truckload specification, containerization, and distance. While Full Truckload (FTL) for long-haul manufactured goods remains dominant, Less Than Truckload (LTL) and temperature-controlled segments are expected to experience accelerated growth. Intense competition among key players like CTI Logistics, NYK Line, DHL Group, GEODIS, GC Logistics Solutions, Linfox, Profreight Group, and Kerry Logistics focuses on service innovation and technological integration, including advanced tracking and route optimization.
Thailand Road Freight Transport Market Market Size (In Billion)
Challenges such as fluctuating fuel prices and driver scarcity pose potential restraints. Evolving environmental and driver safety regulations also influence operational costs. Nevertheless, the market's long-term outlook remains optimistic, supported by sustained economic growth, infrastructure investments, and the widespread adoption of logistics technologies. Strategic initiatives, including investments in fuel-efficient fleets, sophisticated route optimization software, and comprehensive driver training and retention programs, will be crucial for sustained success.
Thailand Road Freight Transport Market Company Market Share
Thailand Road Freight Transport Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the Thailand road freight transport market, offering valuable insights for industry professionals, investors, and strategic planners. Covering the period 2019-2033, with a focus on 2025, this report meticulously examines market dynamics, key players, and future growth potential. The analysis encompasses various segments including goods configuration, temperature control, end-user industries, destination, truckload specification, containerization, and distance. This report is crucial for understanding the evolving landscape of Thailand's road freight transport sector and making informed business decisions.
Thailand Road Freight Transport Market Structure & Innovation Trends
The Thailand road freight transport market exhibits a moderately consolidated structure with several large players and numerous smaller operators. Key players like DHL Group, GEODIS, and Kerry Logistics Network Limited hold significant market share, estimated at xx% collectively in 2025. However, the market also features a substantial number of smaller, regional companies, resulting in competitive pricing and diverse service offerings.
- Market Concentration: The Herfindahl-Hirschman Index (HHI) for the market is estimated at xx in 2025, indicating a moderately consolidated structure.
- Innovation Drivers: Government initiatives promoting sustainable transportation and technological advancements in fleet management and logistics software are driving innovation.
- Regulatory Framework: Government regulations focusing on safety, emissions, and driver welfare influence market dynamics. Recent regulations regarding emissions standards are shaping investment in electric vehicles.
- Product Substitutes: While road freight remains dominant, competition exists from rail and air freight, particularly for long-haul and time-sensitive deliveries.
- End-User Demographics: The manufacturing, wholesale and retail trade, and construction sectors are major end-users, accounting for xx% of total market volume in 2025.
- M&A Activities: The market has witnessed xx M&A deals in the last five years, with an average deal value of approximately $xx Million. These transactions reflect strategic consolidation and expansion efforts by key players.
Thailand Road Freight Transport Market Dynamics & Trends
The Thailand road freight transport market is experiencing robust growth, driven by a burgeoning e-commerce sector, expanding industrial activity, and improving infrastructure. The market is projected to register a CAGR of xx% during the forecast period (2025-2033), reaching a market size of $xx Million by 2033. This growth is fueled by increased consumer demand, particularly in urban areas, and the rise of just-in-time inventory management strategies across various industries. Technological disruptions such as the adoption of telematics, GPS tracking, and route optimization software enhance efficiency and cost-effectiveness. Consumer preferences are increasingly shifting towards reliable, timely, and sustainable delivery solutions. Intense competition among providers results in price sensitivity and the continuous need for service innovation. Market penetration of temperature-controlled transportation is expected to increase to xx% by 2033.
Dominant Regions & Segments in Thailand Road Freight Transport Market
The Bangkok metropolitan area and surrounding provinces dominate the Thailand road freight transport market due to high population density, industrial concentration, and extensive transportation infrastructure.
- Key Drivers:
- Economic Policies: Government investment in infrastructure development and logistics initiatives.
- Infrastructure: Well-developed road networks, particularly in major urban centers.
- Industrial Clusters: Concentration of manufacturing and industrial activities near major transport hubs.
Segment Dominance:
- Goods Configuration: Solid goods comprise the largest segment, followed by fluid goods, reflecting Thailand's diverse manufacturing and import/export activities.
- Temperature Control: Non-temperature-controlled freight dominates the market, although temperature-controlled transport is witnessing significant growth due to increasing demand for perishable goods.
- End-User Industry: Manufacturing and Wholesale and Retail Trade are the leading end-user industries, contributing significantly to market volume.
- Destination: Domestic transportation accounts for the majority of market share, with international freight representing a growing segment.
- Truckload Specification: FTL (Full Truck Load) transportation accounts for a larger portion than LTL (Less than Truck Load).
- Containerization: Containerized freight dominates, reflecting increasing standardization and efficiency in logistics operations.
- Distance: Short-haul transportation represents the largest segment, reflecting the high concentration of industrial and commercial activity in urban areas.
Thailand Road Freight Transport Market Product Innovations
Technological advancements are transforming the road freight transport sector. The adoption of electric vehicles, as seen with DHL's recent initiatives, is gaining momentum. Advanced telematics systems, route optimization software, and GPS tracking enhance operational efficiency, improve delivery times, and reduce fuel consumption. These innovations are enhancing competitive advantages for logistics providers who invest in sustainable and technologically advanced solutions.
Report Scope & Segmentation Analysis
This report comprehensively segments the Thailand road freight transport market based on Goods Configuration (Fluid Goods, Solid Goods), Temperature Control (Non-Temperature Controlled, Temperature Controlled), End-User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), Destination (Domestic, International), Truckload Specification (FTL, LTL), Containerization (Containerized, Non-Containerized), and Distance (Long Haul, Short Haul). Each segment’s growth projections, market size estimations for 2025 and beyond, and competitive dynamics are thoroughly analyzed.
Key Drivers of Thailand Road Freight Transport Market Growth
The growth of the Thailand road freight transport market is primarily driven by the expansion of the manufacturing sector, the boom in e-commerce, and government investments in infrastructure development, which streamline transportation and logistics operations. Improved road networks and the strategic location of Thailand within Southeast Asia facilitate efficient regional trade. Moreover, the rising adoption of technology and improved logistics management systems significantly enhance efficiency and reduce costs.
Challenges in the Thailand Road Freight Transport Market Sector
The industry faces challenges such as fluctuating fuel prices, driver shortages, traffic congestion in urban areas, and intense competition. Regulatory compliance, particularly regarding environmental standards and safety regulations, also presents operational complexities. These factors impact operational costs and profitability, impacting market growth.
Emerging Opportunities in Thailand Road Freight Transport Market
The increasing adoption of e-commerce presents significant opportunities for growth. The focus on sustainability is driving the adoption of electric vehicles and eco-friendly practices within the industry. Furthermore, the rise of third-party logistics providers (3PLs) and the integration of advanced technologies (like AI and machine learning for route optimization and predictive maintenance) are creating new avenues for market expansion and improved efficiency.
Leading Players in the Thailand Road Freight Transport Market Market
- CTI Logistics Company Ltd
- NYK (Nippon Yusen Kaisha) Line
- DHL Group
- GEODIS
- GC Logistics Solutions
- Linfox Pty Ltd
- Profreight Grou
- Kerry Logistics Network Limited
Key Developments in Thailand Road Freight Transport Market Industry
- August 2023: GEODIS expanded its road network from Southeast Asia to China, enhancing connectivity and multimodal options.
- October 2023: DHL Global Forwarding Thailand deployed electric vans and trucks in Bangkok, improving last-mile delivery sustainability.
- January 2024: DHL Supply Chain Thailand partnered with Green Spot to introduce an electric 18-wheeler, promoting greener logistics.
Future Outlook for Thailand Road Freight Transport Market Market
The Thailand road freight transport market is poised for continued growth, driven by sustained economic expansion, technological advancements, and government support for infrastructure development. Strategic investments in sustainable logistics solutions and the adoption of innovative technologies will be key to success in this dynamic and evolving market. The market is expected to see significant growth in the adoption of electric vehicles and other sustainable solutions driven by environmental concerns and government regulations.
Thailand Road Freight Transport Market Segmentation
-
1. End User Industry
- 1.1. Agriculture, Fishing, and Forestry
- 1.2. Construction
- 1.3. Manufacturing
- 1.4. Oil and Gas, Mining and Quarrying
- 1.5. Wholesale and Retail Trade
- 1.6. Others
-
2. Destination
- 2.1. Domestic
- 2.2. International
-
3. Truckload Specification
- 3.1. Full-Truck-Load (FTL)
- 3.2. Less than-Truck-Load (LTL)
-
4. Containerization
- 4.1. Containerized
- 4.2. Non-Containerized
-
5. Distance
- 5.1. Long Haul
- 5.2. Short Haul
-
6. Goods Configuration
- 6.1. Fluid Goods
- 6.2. Solid Goods
-
7. Temperature Control
- 7.1. Non-Temperature Controlled
Thailand Road Freight Transport Market Segmentation By Geography
- 1. Thailand
Thailand Road Freight Transport Market Regional Market Share
Geographic Coverage of Thailand Road Freight Transport Market
Thailand Road Freight Transport Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.6% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing trade relations; Increased demand for perishable goods
- 3.3. Market Restrains
- 3.3.1. Cargo theft; High cost of maintainig
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Thailand Road Freight Transport Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 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. Market Analysis, Insights and Forecast - by Destination
- 5.2.1. Domestic
- 5.2.2. International
- 5.3. Market Analysis, Insights and Forecast - by Truckload Specification
- 5.3.1. Full-Truck-Load (FTL)
- 5.3.2. Less than-Truck-Load (LTL)
- 5.4. Market Analysis, Insights and Forecast - by Containerization
- 5.4.1. Containerized
- 5.4.2. Non-Containerized
- 5.5. Market Analysis, Insights and Forecast - by Distance
- 5.5.1. Long Haul
- 5.5.2. Short Haul
- 5.6. Market Analysis, Insights and Forecast - by Goods Configuration
- 5.6.1. Fluid Goods
- 5.6.2. Solid Goods
- 5.7. Market Analysis, Insights and Forecast - by Temperature Control
- 5.7.1. Non-Temperature Controlled
- 5.8. Market Analysis, Insights and Forecast - by Region
- 5.8.1. Thailand
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 CTI Logistics Company Ltd
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 NYK (Nippon Yusen Kaisha) Line
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 DHL Group
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 GEODIS
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 GC Logistics Solutions
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Linfox Pty Ltd
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Profreight Grou
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Kerry Logistics Network Limited
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.1 CTI Logistics Company Ltd
List of Figures
- Figure 1: Thailand Road Freight Transport Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Thailand Road Freight Transport Market Share (%) by Company 2025
List of Tables
- Table 1: Thailand Road Freight Transport Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 2: Thailand Road Freight Transport Market Revenue billion Forecast, by Destination 2020 & 2033
- Table 3: Thailand Road Freight Transport Market Revenue billion Forecast, by Truckload Specification 2020 & 2033
- Table 4: Thailand Road Freight Transport Market Revenue billion Forecast, by Containerization 2020 & 2033
- Table 5: Thailand Road Freight Transport Market Revenue billion Forecast, by Distance 2020 & 2033
- Table 6: Thailand Road Freight Transport Market Revenue billion Forecast, by Goods Configuration 2020 & 2033
- Table 7: Thailand Road Freight Transport Market Revenue billion Forecast, by Temperature Control 2020 & 2033
- Table 8: Thailand Road Freight Transport Market Revenue billion Forecast, by Region 2020 & 2033
- Table 9: Thailand Road Freight Transport Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 10: Thailand Road Freight Transport Market Revenue billion Forecast, by Destination 2020 & 2033
- Table 11: Thailand Road Freight Transport Market Revenue billion Forecast, by Truckload Specification 2020 & 2033
- Table 12: Thailand Road Freight Transport Market Revenue billion Forecast, by Containerization 2020 & 2033
- Table 13: Thailand Road Freight Transport Market Revenue billion Forecast, by Distance 2020 & 2033
- Table 14: Thailand Road Freight Transport Market Revenue billion Forecast, by Goods Configuration 2020 & 2033
- Table 15: Thailand Road Freight Transport Market Revenue billion Forecast, by Temperature Control 2020 & 2033
- Table 16: Thailand Road Freight Transport Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Thailand Road Freight Transport Market?
The projected CAGR is approximately 5.6%.
2. Which companies are prominent players in the Thailand Road Freight Transport Market?
Key companies in the market include CTI Logistics Company Ltd, NYK (Nippon Yusen Kaisha) Line, DHL Group, GEODIS, GC Logistics Solutions, Linfox Pty Ltd, Profreight Grou, Kerry Logistics Network Limited.
3. What are the main segments of the Thailand Road Freight Transport Market?
The market segments include End User Industry, Destination, Truckload Specification, Containerization, Distance, Goods Configuration, Temperature Control.
4. Can you provide details about the market size?
The market size is estimated to be USD 113 billion as of 2022.
5. What are some drivers contributing to market growth?
Growing trade relations; Increased demand for perishable goods.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Cargo theft; High cost of maintainig.
8. Can you provide examples of recent developments in the market?
January 2024: DHL Supply Chain Thailand has partnered with Green Spot, the leading soy milk manufacturer in Thailand, to introduce an electric 18-wheeler , marking a significant step towards both companies’ commitment to a greener and more sustainable future. This fully electric vehicle is capable of traveling up to 350km on a single charge. The vehicle takes approximately two hours to charge and is projected to reduce CO₂ emissions by 60 tons annually.October 2023: DHL Global Forwarding Thailand has deployed electric vans and trucks in Bangkok offering a more sustainable last-mile delivery solution for customers. The launch marks another milestones from the company in its efforts to reduce carbon footprint. These initial vehicles will cover a monthly distance exceeding 28,000 kilometers in operation and deliver approximately 1,000 tons of shipments to customers.August 2023: GEODIS has expanded its Road Network from Southeast Asia (SEA) to China providing secure day-definite, and environmentally friendly solutions connecting Singapore, Malaysia, Thailand, Vietnam, and China. GEODIS Road Network is integrated with major air and sea ports and offers multimodal options to meet customer needs. Road network has offically launched on August 2023.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Thailand Road Freight Transport Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Thailand Road Freight Transport Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Thailand Road Freight Transport Market?
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence