Thailand Luggage Cart Market (2020-2026) | COVID-19 IMPACT, Size, Analysis, Value, Outlook, Forecast, Companies, Revenue, Industry, Growth, Trends & Share

Thailand Luggage Cart Market Synopsis

The Thailand luggage cart market is estimated to be valued at US$ 7.3 million in 2020 and is projected to reach a value of US$ 10.6 million by 2026, registering a CAGR of 6.5% over the forecast period (2020-2026). Factors such as rising demand for lightweight and cost effective products among travelers are driving the growth of the luggage cart market in Thailand. Moreover, increasing urbanization has resulted in an increase in domestic tourism within the country which has further boosted the adoption rate of these carts among consumers travelling via air or rail transportations.

Furthermore, several companies have been offering attractive discounts on their products through online platforms which have resulted in an increasing number of orders for luggage carts from customers across various geographical regions including Bangkok, Phuket Province and Chiang Mai Province among others. Additionally, local manufacturers have also started focusing on providing customized solutions based on customer`s requirement with features such as ergonomic design and high load capacity along with convenient storage facilities making them more appealing among end users resulting into increased product sales over the past few years.

However, presence of counterfeit products coupled with higher prices compared to other traditional hand trolleys may hamper market growth during the forecast period. Furthermore, availability of wide range options available from unorganized sector could further impede industry expansion over next few years.

Nevertheless government initiatives encouraging domestic tourism by creating favorable policies related to hotel accommodation and travel packages are expected to create positive outlook for industry players operating in this business space during upcoming years.

Key Highlights of the Report:

• Thailand Luggage Cart Market Outlook
• Market Size of Thailand Luggage Cart Market, 2019
• Forecast of Thailand Luggage Cart Market, 2026
• Historical Data and Forecast of Thailand Luggage Cart Revenues & Volume for the Period 2016 - 2026
• Thailand Luggage Cart Market Trend Evolution
• Thailand Luggage Cart Market Drivers and Challenges
• Thailand Luggage Cart Price Trends
• Thailand Luggage Cart Porter's Five Forces
• Thailand Luggage Cart Industry Life Cycle
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Product Type for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Metal Luggage Carts for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Plastic Luggage Carts for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Airport for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Train Station for the Period 2016 - 2026
• Historical Data and Forecast of Thailand Luggage Cart Market Revenues & Volume By Hotels for the Period 2016 - 2026
• Thailand Luggage Cart Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Applications
• Thailand Luggage Cart Top Companies Market Share
• Thailand Luggage Cart Competitive Benchmarking By Technical and Operational Parameters
• Thailand Luggage Cart Company Profiles
• Thailand Luggage Cart Key Strategic Recommendations