Thailand Retail Market | The New Hype On Community MallCanvassco
Community malls have become very popular in Thailand since 2008 as they provide greater convenience for modern Thai consumers compared to shopping in Bangkok's high traffic areas. They now make up 11% of the retail market. Real estate developers see them as attractive and profitable investments. Leading developers like Siam Future Development have pioneered the community mall concept and found success through customizing each mall to match the local population. While the market is maturing, developers continue introducing new concepts and formats to attract more customers. Community malls are expected to remain an important part of Thailand's retail landscape.
Thailand's retail industry is worth approximately 1.4 trillion baht and is expected to grow 3-5% in 2011. The market consists of traditional mom and pop stores and modern retailers operating in various formats. Major modern players include Tesco Lotus, Big C, 7-Eleven, Central Food Retail, and Central Retail Corporation. Future growth is expected from tourists from China and India, and infrastructure projects like a new Bangkok skywalk are expected to boost certain retail areas. Competition remains high as new entrants expand and existing players renovate stores.
The document discusses Thailand's transition to a value-based economy called "Thai Economy 4.0". It outlines the country's shift from traditional industries like agriculture and manufacturing to new engines of growth focused on innovation in areas like agritech, healthtech, smart devices, and creative/cultural services. The document proposes enabling policies and ecosystems to support this transition, including strengthening R&D networks, developing innovation infrastructure, and introducing programs to support startups. The goal is for Thailand to move from middle-income to high-income status by transforming its economy and industries through innovation.
Thailand Retail Market | The New Hype On Community MallCanvassco
Community malls have become very popular in Thailand since 2008 as they provide greater convenience for modern Thai consumers compared to shopping in Bangkok's high traffic areas. They now make up 11% of the retail market. Real estate developers see them as attractive and profitable investments. Leading developers like Siam Future Development have pioneered the community mall concept and found success through customizing each mall to match the local population. While the market is maturing, developers continue introducing new concepts and formats to attract more customers. Community malls are expected to remain an important part of Thailand's retail landscape.
Thailand's retail industry is worth approximately 1.4 trillion baht and is expected to grow 3-5% in 2011. The market consists of traditional mom and pop stores and modern retailers operating in various formats. Major modern players include Tesco Lotus, Big C, 7-Eleven, Central Food Retail, and Central Retail Corporation. Future growth is expected from tourists from China and India, and infrastructure projects like a new Bangkok skywalk are expected to boost certain retail areas. Competition remains high as new entrants expand and existing players renovate stores.
The document discusses Thailand's transition to a value-based economy called "Thai Economy 4.0". It outlines the country's shift from traditional industries like agriculture and manufacturing to new engines of growth focused on innovation in areas like agritech, healthtech, smart devices, and creative/cultural services. The document proposes enabling policies and ecosystems to support this transition, including strengthening R&D networks, developing innovation infrastructure, and introducing programs to support startups. The goal is for Thailand to move from middle-income to high-income status by transforming its economy and industries through innovation.