Thai Retailing Industry to Post 3.7% CAGR through 2020, States Verdict Retail in Topical Report Available at MarketPublishers.com15 Nov 2016 • by Natalie Aster
LONDON – Despite economic slowdown coupled with political instability, the retail market in Thailand witnessed growth at a 3.2% CAGR during the past five years. The domestic retail market is expected to continue increasing in the short run, registering a 3.7% CAGR through 2020. Positive market growth will likely be spurred by the rising consumer spending, expanding tourism industry and increasing middle-income population. Additionally, the country’s government takes measures to boost growth in the retail market.
The online retailing sector in Thailand is predicted to see remarkable growth in the years ahead due to increasing interest of young consumers to online shopping and also rising smartphone and Internet penetration.
Constantly increasing number of international tourist arrival is anticipated to create a good platform for duty free operators. Thus, to capitalize on this lucrative opportunity duty free retailers in Thailand tend to open downtown duty free stores in popular tourist destinations like Phuket and Bangkok.
Topical report from Verdict Retail titled “Retailing in Thailand - Market Summary and Forecasts” gives trustworthy info on the retailing industry performance in Thailand, providing access to important historical, present and forecast data. It touches upon the business environment in Thailand and covers country risks associated with Thai retail space. This research publication explores top trends, examines the major market growth drivers and limiters, sheds light on the domestic market dynamics, identifies the most lucrative growth sectors and fastest-growing categories. Furthermore, the report offers an all-round future outlook for the Thai retailing industry through 2020.
Many other research reports worked out by this publisher are available in the Verdict Retail catalogue.