Thailand Automated Material Handling Equipment Market Synopsis
Thailand Automated Handling Equipment Market is increasing rapidly, owing to the expansion of the electrical and electronics sectors. Thailand maintained its position as the world's 13th largest electronics manufacturing hub in 2019 as a result of government initiatives, particularly the Eastern Economic Corridor (EEC) development strategy, which boosted the expansion of the smart electronics sector. These sectors rely largely on automated handling technology to supplement their manufacturing and storage capacities. Furthermore, the growing automobile industry, which includes around 1,800 plants and an annual car circulation of 42 million vehicles, is a significant source of automation demand. The introduction of incentive packages, including tax breaks and subsidies aimed at the automobile industry, is expected to stimulate demand for automatic handling equipment in Thailand even further. The market is positioned for the demand of high-quality products due to this combination of factors.
According to 6Wresearch, Thailand Automated Handling Equipment Market size is projected to grow at a CAGR of 6.6% during 2023-2029. The rising emphasis on efficiency and productivity across multiple industries is driving the expansion of Thailand's automatic handling equipment market, making automation an appealing solution to overcome labour shortages and maintain output levels. Thailand's "Thailand 4.0" programme, which focuses on industrial automation and innovation, has expedited the use of automated handling equipment, particularly in the automotive, electrical and electronics, and food and agriculture industries. Furthermore, the rise of e-commerce has increased demand for automated material handling systems in warehouses and distribution centres to handle the increasing number of orders. The confluence of these elements, as well as the government's automation regulations and the rise of e-commerce, is propelling significant growth in Thailand automatic handling equipment industry.
Market by Product
On the back of rising automation in automotive, electronics and other such industries in their production and inventory management robots would witness the highest growth rate in the automated material handling market.
Market by Vertical
In 2022, automotive sector held the largest revenue share due to rising production as well as sales of automobiles in the country which led to the demand for installation of more material handling equipment and systems in this sector. However, growing airport and port infrastructure under EEC in Thailand would propel the demand for material handling equipment in logistics and warehouse market.
Market by System Type
On account of better space utilization in warehouses and rising e commerce activities the demand for unit load material handling segment would increase significantly in the coming future.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Thailand Automated Material Handling Equipment Market Overview
- Thailand Automated Material Handling Equipment Market Outlook
- Thailand Automated Material Handling Equipment Market Forecast
- Historical Data and Forecast of Thailand Automated Material Handling Equipment Market Revenues for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Product, for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By System Types, for the Period 2019-2029F
- Historical Data and Forecast of Market Revenues, By Vertical, for the Period 2019-2029F
- Market Drivers and Restraints
- Thailand Automated Material Handling Equipment Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Thailand Automated Material Handling Equipment Market Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Product
- Robots
- ASRS
- Conveyors & Sortation Systems
- Cranes
- WMS
- AGV
By Vertical
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Logistics
- Aviation
- Others (Chemical, Health Care, Electronics etc.)
By System Type
- Unit Load Material Handling
- Bulk Load Material Handling
