Thailand is one of the leading market for Property Classified in South-East Asia region contributing around $25 Mn revenue in 2020. Will the growth sustain?
Thailand Property Classified Market is expected to reach around $ 70 Mn markets by 2026, owing to the E-commerce & Increase in Online Shopping, Growth in Tourism and Rapid Population Growth, as per the findings by Ken Research
- The population of Thailand has been steadily rising since 1960, from around 27 Mn to nearly 71 Mn people in 2021.
Other Challenges In Thailand Property Classifieds Market Outlook to 2026F
Thailand’s population is multiplying, currently standing at over 66 Mn people. Demographic data affects the real estate market through property-type demand and supply, pricing, migration, and investment. People are moving away from private areas and opting for shared office spaces, hotel stays, and co-living units and others due to increasing rent.
2. The number of tourist arrivals in Thailand has steadily increased over the last two decades.
In 2010 there were around 16 million visitors to the country. By 2015 this almost doubled to 30 million visitors. Now in 2019 the number has increased to around 40 million visitors. An increase in the tourist activity has led to a rise in the average occupancy rate of Bangkok downtown locations to almost 75%. The prices of newly launched condominiums are expected to continue to rise in the best downtown locations. Foreign Buyers are expected to pay a large premium for the right product and location in Thailand.
- E-Commerce and increase in Online Shopping has Helped Thailand Property Classified Market Revenue to Reach More Than USD 25 Mn by 2021.
The shift to e-commerce presents an opportunity for the office and logistics market. The growing demand for office space from the e-commerce sector has compensated the weaker demand from other sectors. The increase in online shopping has pushed retail developers of existing and planned shopping malls to offer a variety of new experiences for customers, giving them a reason to visit the physical centre.
Key Segments Covered in Thailand Property Classified Market:
By Business Model
- Listings and Classifieds
- Aggregators and Co-Living
By Region
- Bangkok
- Phuket
- Pattaya
- Others
Key Target Audience
- Property Classified Companies
- Real Estate Developers
- Brokers
- Property Consultants
- Industry Experts
Time Period Captured in the Report:
- Historical Period: 2015-2021
- Forecast Period: 2021P-2026F
Companies Covered:
Listings and Classifieds
- Propertyhub
- TerraBKK
- FazWaz
- ZmyHome
- Baania
- Findyourspace
- DD Property
- Lazudi
- Nayoo
- PrakardProperty
- Thaihometown
- PBRE Real estate
- dot property
Aggregators and Co-Living
- Property scout
- Phuket Rent House
- RentHub
- Nornn
Key Topics Covered in the Report
- Overview of Thailand Property Classified Market
- Ecosystem of Major Entities in Thailand Property Classified Market
- Business Cycle and Genesis of Thailand Property Classified Market
- Thailand Property Classified Market Size, 2015-2021
- Thailand Property Classified Market Segmentations
- Competition Analysis: Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies
- SWOT Analysis in Thailand Property Classified Market
- Revenue Models in Thailand Property Classified Industry
- Growth Drivers and Restraints in Thailand Property Classified Market
- Technological Advancements in Thailand Property Classified Market
- Impact of COVID19 in Thailand Property Classified Market
- Key Trends in Thailand Property Classified Market
- Outlook and Future Projections for Thailand Property Classified Market
- Future Market Segmentation by Business Model and Revenue Sources
- Recommendations / Success Factors
- Research Methodology
- Appendix
Contact Ken Research:
Ankur Gupta
Head Marketing and Communications
support@kenresearch.com
+91-9015378249