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The warehouse rentals industry will enjoy ongoing growth over 2023-2025 thanks to the steady expansion in both the Thai and the global economies and its positive impacts on international trade. Tailwinds will also blow from the rebound in the Thai tourism industry, which is helping to stimulate increased levels of domestic consumption. This is thus lifting the manufacturing sector overall.

For 2026–2027, demand is expected to rise gradually in line with the slow recovery of both the Thai and global economies.

Warehouse business during 2019-2021 tends to be sluggish to stable. Although the demand for rental space will continue to expand in line with investment

Warehouse refers to a building used for storing or receiving goods during movement in order to support production. And distribution

Over 2022 to 2024, the warehousing industry will improve with recovery in manufacturing and exports, expansion in the online retail and logistics sectors, development of new projects in industrial estates, special economic zones, and the EEC, and investment by the government in infrastructure and transportations networks that will increase regional connectivity

The Thailand Industry Outlook report evaluates the attractiveness of selected Thai industries to complement the credit evaluation process for the bank’s clients over the next 3 years (2021-2023). The report considers a range of factors that would influence each industry over this period. These include the broad competitive environment (e.g. trends in trade and the global economy, structural changes occurring at global level, and economic outlook for Thailand), as well as sector-specific variables (e.g. industry structure, Thai industrial competitiveness, and ongoing regulatory changes). We look at the players’ ability to cope with uncertainties, generate revenues, and service debt.

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