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Industry Report: Trucks in Thailand

12 July 2023

Industry Report: Trucks in Thailand

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SPEEDA Industry Report

Our Industry research reports provide you a fundamental understanding of hundreds of industries ranging from major to niche sectors, including new tech-focused trends. Reports organized by Asia-focused countries are logically structured to cover key information such as market size, value chain, key regulations, competitive landscape, and more.

Users can utilize the industry reports to get a bird's eye of the industry quickly (covered within 3,000 words), also combining it with our extensive private company database to further understand key players and trends related to the specific industry.

The reports focus on below 3 key segments of the industry which assist users with understanding where to focus on for further deep-dive research.


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Report Overview: Trucks - Commercial Logistics Industry

Salient Features

  • Trucking is the leading mode of transportation in Thailand's freight industry due to Bangkok's role as a central industrial hub and the inefficiencies in the rail transportation system.
  • Fuel stands out as a primary cost for logistics companies, with older fleet age, which leads to increased maintenance costs.
  • The dominance of freight transport by road hinders the transition towards water and rail transportation. Apart from the areas surrounding Bangkok, the railway system mainly consists of single rail tracks.
  • Logistics costs are on an uptrend with e-commerce trends significantly driving the industry during the pandemic.
  • The industry is fragmented with lower barriers to entry, intensifying the competition level.

Value Chain/Business Model

  • The industry is segmented broadly into individual truck operators and third-party logistics (3PL) companies.
  • Individual truck operators led the industry with 3PL companies becoming gradually popular.

Other Points

  • Cross-border truck logistics are supported by the establishment of ASEAN Economic Community (AEC) and Greater Mekong Sub-region (GMS) zones.

Commercial Logistics Industry Value Chain

Report Index

Industry Overview

  • Trucking Dominates Thai Freight Transportation Industry Driven by Bangkok Being a Major Industrial Hub and Inefficiencies in Rail Transportation
  • Individual Truck Operators Dominate the Industry; 3PL Logistic Companies Gradually Becoming Popular
  • Fuel the Main Cost for Logistic Companies; Old Truck Fleets Result in Higher Maintenance Costs

Market Trends

  • Dominance of Freight Transport Via Road Weakens with the Intended Shift to Water and Rail
  • Logistics Costs on an Uptrend; Rising Trends in E-Commerce Drive the Logistics Industry During the Pandemic
  • Establishment of AEC and GMS Zones Supported the Cross Border Truck Logistics

Competitive Trends

  • Fragmented Industry with Low Barriers to Entry Intensifying Competition 
  • SCG Logistics Management: Thai-Owned Third-Party Logistics Service Provider with Transports Covering Inland/ Multimodal Focus on Both Domestic and Cross Border
  • DHL Distribution (Thailand): Subsidiary of World’s Leading Logistics Company
  • Kiattana Transport: Logistics Player with Specialisation in Transports of Chemicals and Dangerous Goods




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