Retail Market in Thailand 2023-2027
Technavio has been monitoring the retail market in Thailand and is forecast to grow by $63.19 bn during 2022-2027, accelerating at a CAGR of 5.95% during the forecast period. Our report on the retail market in Thailand provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience food products, the provision of value-added services, and the influx of numerous retail stores.
Technavio's retail market in Thailand is segmented as below:
By Distribution Channel
By Product
- Grocery
- Apparel and footwear
- BPC
- Home and garden
- Others
This study identifies the surge in sales through online distribution channels as one of the prime reasons driving the retail market growth during the next few years. Also, innovative packaging and marketing initiatives by prominent vendors and rise in demand for private labels and low-cost products will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the retail market in Thailand covers the following areas:
- Retail market sizing
- Retail market forecast
- Retail market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market vendors in Thailand that include A.S. Watson Group, Aeon Co. Ltd., Berli Jucker Public Co. Ltd., Central Group of Company, CJ Express Group Co. Ltd., CP All Public Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Rimping Supermarket, Robinsons Retail Holding Inc., Seven and i Holdings Co. Ltd., SPAR International, Tesco Plc, The Mall Group Co. Ltd., and Villa Market JP Co. Ltd. Also, the retail market in Thailand analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.