Thailand Classifieds Market Has Been Driven By Growing Demand Of Condominium Spaces And Increase In Used Car Listings: Ken Research

“Growth in the sales of used passenger vehicles as well as commercial vehicles coupled with an increase in condominium and commercial spaces has led to the rising demand for classifieds in Thailand.”

Analysts at Ken Research in their latest publication “Thailand Online Classified Market Outlook to 2023- By Horizontal and Vertical Classified, By Source of Revenue (Listings and Media Advertising), By Verticals (Automobile, Properties, Jobs and Others), By Channel (B2B and B2C & C2C)” believe that the classified market in Thailand has grown significantly due to the increasing internet penetration, rising digital infrastructure and various government initiatives such as the Thailand 4.0 and others. The market registered a positive CAGR of 5.5% in terms of revenue for the period of 2013–2018.

Increase in Used Car Sales: The automobile purchases through online portals have flourished in the last few years accounting on the steady economic growth, the widespread use of internet and increase in sales of used vehicles in Thailand. The country’s used car market is expected to grow by 10% in 2019 to 2.2 million units due to higher price tags for new cars, dearer with the imposition of the new excise tax rate, while used cars prices remain stable, and thus more attractive to potential buyers. Used car Classified listings is expected to increase due to the impact of the new automotive tax policy, which will increase the cost of all new cars except for eco-cars by 5% to 10%. Vertical automobile classifieds websites are adding new revenue streams by offering various financing options. This will give rise to the demand for Automobile loan classifieds, where the classifieds hold information about different financing options given by various financial institutions.

Increasing Demand for Condominium and Commercial Office Spaces: The Residential properties majorly dominate the classified space in terms of a number of listings, and the condominium based homes are the driving forces for this segment holding 76% of the residential listings. Thailand’s Eastern Economic Corridor (EEC) project which involves investments in the manufacturing and consultancy industries are driving the commercial spaces in and around the project.

Growing Demand for IT professionals: The online classifieds market is growing at a steady pace mainly due to increasing government efforts towards making the country digital and increasing the employment opportunities from surging industrial activity leading to the popularity of online job classifieds. The economy of Thailand has a low birth-rate and the average age of the labor workforce is 40 years thus increasing the demand for more young professionals. The nation is slowly shifting to digitalization and thus the jobs pertaining to the Gig Economy such as part-time jobs, location independent jobs, and other jobs have significantly increased in terms of listings.

Key Segments Covered:-

By Type of Scope of Listings

Horizontal

Vertical

By Type of Classifieds

Specialized Classifieds

News Classifieds

By Source of Revenue

Listings

Media Advertising

By Vertical Category

Automobile

Property

Jobs

Others (includes agriculture, gems, jewelry, community, and services)

By Channel

B2B

B2C and C2C

By Region

Bangkok

Others (Chiang Rai, Lam Phun, Nan, Phayao)

Key Target Audience:-

Automobile Companies

Construction Companies

Real Estate Companies

HR Consultancies

E-commerce Companies

Classified Companies

Investors

Advertising Agencies

Corporate Clients

B2B Businesses

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023E

Companies Covered:-

DD Properties

Dot Properties

Thailand Property

Kaidee

Real Estatehub

Real estate Thailand

Bangkok Citismart

Chobrod.com

One2car

Carmana

Motors.co.th

Job Thai

Career Jet

Job bkk

Job Thai Web

Job Top Gun

Job.th

ejobesay.com

Jobdb

eworld trade

Thai trade

Trade world Asia

Locanto

Checkraka

Keywords:-

Online Classified Industry Report

Online Classified Market Report

Thailand Online Classified Industry Report

Thailand Online Classified Market Report

Thai Online Real Estate Classifieds Market

Thai Online Classified Ad Platform Market

Ad Posting Market Thailand

Thai Auto Classified Paid Listing

Automobile Classifieds Market Thailand

Car Classified Thailand Market

Classified Statistics Thailand

Online B2B Classifieds Industry Market

Online C2C Classified Market Thailand

Online C2C Classifieds Industry Thailand

Thai Online Property Classifieds Industry Size

Thai Online Recruitment Classifieds Industry

Property Classified Industry in Thailand

Real Estate Classified Market Thailand

Recruitment Classified Industry in Thailand

For More Information On The Research Report, Refer To Below Link:-

Thailand Online Classified Market Outlook

Related Reports:-

Vietnam Online Advertising Market Outlook To 2023 – By Medium (Desktop And Mobile), By Type (Banner, Video, Search, Social Media, And Online Classifieds & Others Digital Advertising), By Sectors/Industries (FMCG, Healthcare, Entertainment & Media, Retail & E-Commerce, Automotive, BFSI, And Others)

Philippines Online Classifieds Market Outlook To 2021 – Growing Real Estate Market & Demand For Used Cars To Gain Traction In Future

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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