Thai Industries That Climbed or Fell Most in Revenue Rank, 2026
In short
Operation of lottery climbed 391 places in Thailand's revenue ranking between 2019 and 2025, the biggest rise among 966 named industry codes. Other wireless telecommunications fell 651 places, the steepest drop among codes that began in the top 300. Its revenue shrank to 1.3 percent of the 2019 level. The e-marketplace code jumped 276 places. Hypermarkets slid 78.
Which industries overtook their neighbours, and which were overtaken?
Rank the 966 named five-digit industry codes by revenue in 2019, then again in 2025, and the order changes a lot. Operation of lottery rose from 774th to 383rd, a gain of 391 places (DBD, 2026). Distributing funds other than by making loans rose 315 places, from 623rd to 308th. Other transportation support activities gained 284, and the e-marketplace code gained 276. The fallers are starker. Other wireless telecommunications dropped from 126th to 777th, a fall of 651 places. Urban and suburban passenger land transport, excluding buses, slid 169 places. Discount stores and hypermarkets, once 15th, now sit 93rd.
Places gained or lost in the revenue ranking, 2019 to 2025
- Operation of lottery391
- Distributing funds other than by making loans315
- Other transportation support activities284
- e-Marketplace276
- Retail sale via stalls and markets of food264
- Extraction of natural gas263
- Other wireless telecommunications activities-651
- Urban and suburban passenger land transport-169
- Retail of non-alcohol beverages in specialized stores-129
- Television programme production-128
- Retail sale by direct sales-116
- Other wired telecommunications activities-108
Figures in places gained or lost.
The six biggest climbers, then the six biggest fallers among codes that started in the top 300. Positive means a better rank in 2025.
Rank movers with the revenue behind them
| TSIC code | Industry | Rank 2019 | Rank 2025 | Places moved | Revenue 2019, THB bn | Revenue 2025, THB bn | Revenue multiple |
|---|---|---|---|---|---|---|---|
| 92001 | Operation of lottery | 774 | 383 | +391 | 0.7 | 16.8 | 24.14x |
| 64991 | Distributing funds other than by making loans | 623 | 308 | +315 | 2.7 | 26.4 | 9.64x |
| 52299 | Other transportation support activities | 598 | 314 | +284 | 3.3 | 25.7 | 7.76x |
| 63113 | e-Marketplace | 385 | 109 | +276 | 12.6 | 116.0 | 9.24x |
| 47811 | Retail sale via stalls and markets of food | 936 | 672 | +264 | 0.03 | 2.5 | 76.96x |
| 06200 | Extraction of natural gas | 516 | 253 | +263 | 6.2 | 36.6 | 5.91x |
| 61209 | Other wireless telecommunications activities | 126 | 777 | -651 | 76.4 | 1.0 | 0.01x |
| 49310 | Urban and suburban passenger land transport, excluding buses | 197 | 366 | -169 | 43.4 | 19.1 | 0.44x |
| 47222 | Retail of non-alcohol beverages in specialized stores | 151 | 280 | -129 | 61.8 | 32.3 | 0.52x |
| 59112 | Television programme production | 221 | 349 | -128 | 36.3 | 21.1 | 0.58x |
| 47991 | Retail sale by direct sales | 289 | 405 | -116 | 22.7 | 14.7 | 0.65x |
| 61109 | Other wired telecommunications activities | 80 | 188 | -108 | 133.5 | 55.1 | 0.41x |
| 47112 | Discount stores, supercenters and hypermarkets | 15 | 93 | -78 | 540.3 | 142.4 | 0.26x |
Revenue rank among 966 named codes in 2019 and 2025, revenue in billion baht, as of 7 Jul 2026. The last row sits outside the top six fallers and is shown for scale.
Reading the rank changes with care
A rank move is relative, so it depends on the neighbours as much as on the code itself. Small codes also move fast, because a few billion baht can jump a hundred places in the crowded middle of the table. Retail via food stalls and markets shows the extreme, climbing 264 places on revenue that grew from 0.03 billion to 2.5 billion baht. That is why the faller list is limited to codes that began in the top 300. The hypermarket story is a good example of a real shift. Revenue fell from 540.3 billion baht to 142.4 billion baht, a retained share of 26.4 percent. Part of that may be reclassification of large retailers into other codes, and the registry cannot tell us which. The telecom codes deserve the same caution. Wireless revenue fell to 1.0 billion baht from 76.4 billion, which may reflect a change in how filers classify themselves more than the disappearance of mobile service.
Why this matters
A sector table sorted by size hides the churn underneath it. Thailand's economy did not just grow over these six years. Its middle tier reshuffled. Platform and trade-support codes climbed fast, with e-marketplace revenue up 9.24 times and lottery operation revenue up 24.14 times. Legacy retail and telecom codes lost ground in the ranking. Anyone sizing a market should check the code's 2019 rank before trusting its 2025 size, because the code may have been a different kind of industry then. Anyone selling into a climbing code is joining a crowd that is still forming.
Definitions
- TSIC code
- The Thai Standard Industrial Classification code. Five digits identify a specific activity.
- Revenue rank
- Position of a code when all named codes are sorted by total reported revenue, with 1 the largest.
- Partial filing
- A flag for codes where too few companies have filed for the year to give a reliable total.
Assumptions
- Only companies that filed a statement contribute revenue.
- Reclassification of companies between codes can create rank moves that are not real growth or decline.
- Rank changes among small codes are volatile, so fallers are limited to codes that began in the top 300.
Methodology
Source: Department of Business Development registry, aggregated by five-digit TSIC code in the Max Data trend explorer with computed_at 7 July 2026. Revenue for 2019, Buddhist year 2562, and for 2025, Buddhist year 2568 and the anchor year, was ranked from largest to smallest. Only codes with positive revenue in both years and no partial-filing flag were kept, which leaves 966 of 1,008 codes. Ties share a rank. Revenue is summed from filed statements, so codes where filers changed classification can move for reasons other than trading.
How we verified this
- Trend explorer holds 1,008 codes. 5 are flagged partial filing and 37 lack 2019 or 2025 revenue, leaving 1,008 - 5 - 37 = 966 ranked codes.
- Lottery: rank 774 - 383 = 391 places. Revenue 16,788,482,521.05 / 695,336,129.87 = 24.14 times.
- Wireless telecom: rank 777 - 126 = 651 places lost. Revenue 1,012,781,134.02 / 76,409,220,006.60 = 1.3 percent.
- e-Marketplace: 115,972,359,673.90 / 12,550,618,499.80 = 9.24 times and 385 - 109 = 276 places.
- Hypermarkets: 142,440,645,151.86 / 540,265,167,620.66 = 26.4 percent retained and 15 to 93 is 78 places lost.
- Retail via stalls and markets of food: 2,517,111,617.19 / 32,706,827.73 = 76.96 times and 936 - 672 = 264 places. It is the fifth biggest climber.
- Sixth biggest faller is retail by direct sales: 405 - 289 = 116 places, ahead of hypermarkets at 78.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates by TSIC code. Ministry of Commerce, Thailand. https://www.dbd.go.th/
Frequently asked questions
Which Thai industry code climbed the most places in revenue rank?
Operation of lottery, up 391 places from 774th in 2019 to 383rd in 2025 among 966 named codes.
Which industry code fell the most places?
Other wireless telecommunications activities, down 651 places from 126th to 777th, though reclassification may explain part of it.
Which years are compared?
2019 and 2025, the first and latest windows of the trend explorer, as of the 7 July 2026 registry refresh.
Cite this page
Chatpong L. (2026). Thai Industries That Climbed or Fell Most in Revenue Rank, 2026. Max Data Insights. https://maxdatathailand.com/insights/which-thai-named-industries-climbed-or-fell-most-in-revenue-rank-2026
Data & corrections
Download the data (CSV)Spot something off, or want to ask about the data? Email insights@maxsolutions.co.th. We publish corrections.
Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
Related insights
This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.