Krungsri Research predicts sustained growth in Thailand's warehouse rental market from 2023 to 2025, driven by factors such as global and domestic economic recovery, ongoing development in the Eastern Economic Corridor (EEC), the relocation of production bases to mitigate geopolitical risks, and the expanding e-commerce industry. The surge in demand is expected to lead businesses to invest in additional warehouse space, with a projected annual supply increase of 5.8%. While the overall outlook is promising, businesses should carefully evaluate the intensifying competition.
When considering leasing options, tenants will assess location factors alongside other critical elements, particularly warehouse management systems and technology. Automated systems are gaining popularity, transforming traditional warehouses into automated facilities. Many businesses are adopting these systems to achieve cost reduction, enhance management efficiency, expand service offerings, and strengthen competitiveness.
To stay ahead in the competition, businesses can explore advanced solutions and technologies at Coldchain,Logistics,Warehousing&FactoryAsia, one of the industry focused zones in ProPak Asia 2024, scheduled from 12-15 June at BITEC, Bangkok.
