1. Market Research
  2. > Construction Market Trends
  3. > Construction in Thailand, Key Trends and Opportunities to 2020

Synopsis
In real terms, the Thai construction industry is set to perform better over the forecast period (2016–2020) compared to the review period (2011–2015). The industry’s forecast-period growth will be driven by public and private sector investments in infrastructure, energy, commercial and residential construction projects.

Growth will also be driven by the country’s development program over 2016–2022, under which the government aims to develop the country’s transport infrastructure.

According to the Office of the National Economic and Social Development Board (NESDB), the country’s gross fixed capital formation in the construction industry grew by 16.4% in 2015 compared to 2014.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 6.57% over the forecast period; up from 4.66% during the review period.

There are certain challenges associated with the Thai construction industry outlook. The shortage of a skilled labor force, poor contractor management, fragile political situation, and limited funding are expected to affect the growth prospects of the Thai construction industry. Moreover, the death of King Bhumibol Adulyadej in October 2016 is likely to pose a few threats to the country’s macroeconomic stability.

Summary
Timetric’s Construction in Thailand, Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Thai construction industry, including:

- The Thai construction industry's growth prospects by market, project type and construction activity

- Analysis of equipment, material and service costs for each project type in Thailand

- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Thai construction industry

- Profiles of the leading operators in the Thai construction industry

- Data highlights of the largest construction projects in Thailand

Scope
This report provides a comprehensive analysis of the construction industry in Thailand. It provides:

- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Thailand using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

- Analysis of key construction industry issues, including regulation, cost management, funding and pricing

- Detailed profiles of the leading construction companies in Thailand

Reasons To Buy
- Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

- Assess market growth potential at a micro-level with over 600 time-series data forecasts.

- Understand the latest industry and market trends.

- Formulate and validate strategy using Timetric's critical and actionable insight.

- Assess business risks, including cost, regulatory and competitive pressures.

- Evaluate competitive risk and success factors.

Key Highlights
- According to the Bank of Thailand, residential property prices in the country remained buoyant in 2015. The weighted average housing price index for single detached houses grew by 2.8%, going from 125.3 in 2014 to 128.8 in 2015. This was preceded by annual growth rates of 5.8% and 7.9% in 2014 and 2013 respectively. During the first nine months of 2016, the price index for single detached houses grew by 2.2% compared to the same period of 2015, going from 128.6 in January–September 2015 to 131.5 in January–September 2016. Prices are expected to be buoyant over the forecast period, backed by a rise in demand.

- To improve the country's infrastructure and reduce logistics costs, the government is focused more on the expansion of the country’s rail, road and other core transport infrastructure. Accordingly, the government is planning to invest THB1.8 trillion (US$50.8 billion) in 20 key priority infrastructure construction projects by 2022. The government’s focus on transport infrastructure is expected to support economic growth and improve rail connectivity in the region.

- To improve the country's infrastructure, the government will offer more transport infrastructure projects under the public-private partnership (PPP) model. According to the Thailand's Ministry of Finance, 66 key projects with a combined value of THB1.6 trillion (US$46.1 billion) are in the pipeline across the country under the PPP Strategic Plan 2015–2019. Projects include the construction of high-speed rail, an urban rail transit system and toll roads in urban areas, logistics ports, intercity toll roads, educational and healthcare buildings, telecommunication and water infrastructure.

- The Airports of Thailand (AOT) is focusing on the development and modernization of airport infrastructure to support the domestic tourism industry, and cope with an expected rise in passenger, cargo and air traffic. Accordingly, the AOT announced its plans in June 2016 to invest THB200.0 billion (US$5.6 billion) to expand the country’s six main international airports over the next 10 years.

- To reduce the country’s reliance on imported energy, the government is focused on developing renewable energy sources, which will boost the country’s electricity and power construction market and economy. Under the Alternative Energy Development Plan (AEDP), the government aims to increase the share of renewable energy in total energy production from 8.0% in 2014 to 20.0% by 2036. Accordingly, it is planning to generate 19,634.4MW of electricity through renewable sources by 2036. Investments to transform the country’s energy sector are expected to support growth in the energy and utilities construction market.

Table Of Contents

Construction in Thailand, Key Trends and Opportunities to 2020
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Italian-Thai Development Public Company Limited
5.1 Italian-Thai Development Public Company Limited - Company Overview
5.2 Italian-Thai Development Public Company Limited - Business Description
5.3 Italian-Thai Development Public Company Limited - Main Services
5.4 Italian-Thai Development Public Company Limited - History
5.5 Italian-Thai Development Public Company Limited - Company Information
5.5.1 Italian-Thai Development Public Company Limited - key competitors
5.5.2 Italian-Thai Development Public Company Limited - key employees
6 Company Profile: Pruksa Real Estate Public Company Limited
6.1 Pruksa Real Estate Public Company Limited - Company Overview
6.2 Pruksa Real Estate Public Company Limited - Business Description
6.3 Pruksa Real Estate Public Company Limited - Main Products
6.4 Pruksa Real Estate Public Company Limited - History
6.5 Pruksa Real Estate Public Company Limited - Company Information
6.5.1 Pruksa Real Estate Public Company Limited - key competitors
6.5.2 Pruksa Real Estate Public Company Limited - key employees
7 Company Profile: CH. Karnchang Public Company Limited
7.1 CH. Karnchang Public Company Limited - Company Overview
7.2 CH. Karnchang Public Company Limited - Main Services
7.3 CH. Karnchang Public Company Limited - History
7.4 CH. Karnchang Public Company Limited - Company Information
7.4.1 CH. Karnchang Public Company Limited - key competitors
7.4.2 CH. Karnchang Public Company Limited - key employees
8 Company Profile: Sino-Thai Engineering and Construction Public Company Limited
8.1 Sino-Thai Engineering and Construction Public Company Limited - Company Overview
8.2 Sino-Thai Engineering and Construction Public Company Limited - Business Description
8.3 Sino-Thai Engineering and Construction Public Company Limited - Main Services
8.4 Sino-Thai Engineering and Construction Public Company Limited - History
8.5 Sino-Thai Engineering and Construction Public Company Limited - Company Information
8.5.1 Sino-Thai Engineering and Construction Public Company Limited - key competitors
8.5.2 Sino-Thai Engineering and Construction Public Company Limited - key employees
9 Company Profile: Christiani and Nielsen (Thai) Public Company Limited
9.1 Christiani and Nielsen (Thai) Public Company Limited - Company Overview
9.2 Christiani and Nielsen (Thai) Public Company Limited - Main Services
9.3 Christiani and Nielsen (Thai) Public Company Limited - History
9.4 Christiani and Nielsen (Thai) Public Company Limited - Company Information
9.4.1 Christiani and Nielsen (Thai) Public Company Limited - key competitors
9.4.2 Christiani and Nielsen (Thai) Public Company Limited - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Thai Construction Output by Project Type (THB Million), 2011-2015
Table 2: Thai Construction Output by Project Type (THB Million), 2015-2020
Table 3: Thai Construction Output by Cost Type (THB Million), 2011-2015
Table 4: Thai Construction Output by Cost Type (THB Million), 2015-2020
Table 5: Thai Construction Output by Activity (THB Million), 2011-2015
Table 6: Thai Construction Output by Activity Type (THB Million), 2015-2020
Table 7: Thai Construction Value Add by Project Type (THB Million), 2011-2015
Table 8: Thai Construction Value Add by Project Type (THB Million), 2015-2020
Table 9: Thai Commercial Construction Output by Project Type (THB Million), 2011-2015
Table 10: Thai Commercial Construction Output by Project Type (THB Million), 2015-2020
Table 11: Thai Commercial Construction Output by Cost Type (THB Million), 2011-2015
Table 12: Thai Commercial Construction Output by Cost Type (THB Million), 2015-2020
Table 13: Thai Commercial Construction Output by Activity (THB Million), 2011-2015
Table 14: Thai Commercial Construction Output by Activity Type (THB Million), 2015-2020
Table 15: Thai Commercial Construction Value Add by Project Type (THB Million), 2011-2015
Table 16: Thai Commercial Construction Value Add by Project Type (THB Million), 2015-2020
Table 17: Thai Industrial Construction Output by Project Type (THB Million), 2011-2015
Table 18: Thai Industrial Construction Output by Project Type (THB Million), 2015-2020
Table 19: Thai Industrial Construction Output by Cost Type (THB Million), 2011-2015
Table 20: Thai Industrial Construction Output by Cost Type (THB Million), 2015-2020
Table 21: Thai Industrial Construction Output by Activity (THB Million), 2011-2015
Table 22: Thai Industrial Construction Output by Activity Type (THB Million), 2015-2020
Table 23: Thai Industrial Construction Value Add by Project Type (THB Million), 2011-2015
Table 24: Thai Industrial Construction Value Add by Project Type (THB Million), 2015-2020
Table 25: Thai Infrastructure Construction Output by Project Type (THB Million), 2011-2015
Table 26: Thai Infrastructure Construction Output by Project Type (THB Million), 2015-2020
Table 27: Thai Infrastructure Construction Output by Cost Type (THB Million), 2011-2015
Table 28: Thai Infrastructure Construction Output by Cost Type (THB Million), 2015-2020
Table 29: Thai Infrastructure Construction Output by Activity (THB Million), 2011-2015
Table 30: Thai Infrastructure Construction Output by Activity Type (THB Million), 2015-2020
Table 31: Thai Infrastructure Construction Value Add by Project Type (THB Million), 2011-2015
Table 32: Thai Infrastructure Construction Value Add by Project Type (THB Million), 2015-2020
Table 33: Thai Energy and Utilities Construction Output by Project Type (THB Million), 2011-2015
Table 34: Thai Energy and Utilities Construction Output by Project Type (THB Million), 2015-2020
Table 35: Thai Energy and Utilities Construction Output by Cost Type (THB Million), 2011-2015
Table 36: Thai Energy and Utilities Construction Output by Cost Type (THB Million), 2015-2020
Table 37: Thai Energy and Utilities Construction Output by Activity (THB Million), 2011-2015
Table 38: Thai Energy and Utilities Construction Output by Activity Type (THB Million), 2015-2020
Table 39: Thai Energy and Utilities Construction Value Add by Project Type (THB Million), 2011-2015
Table 40: Thai Energy and Utilities Construction Value Add by Project Type (THB Million), 2015-2020
Table 41: Thai Institutional Construction Output by Project Type (THB Million), 2011-2015
Table 42: Thai Institutional Construction Output by Project Type (THB Million), 2015-2020
Table 43: Thai Institutional Construction Output by Cost Type (THB Million), 2011-2015
Table 44: Thai Institutional Construction Output by Cost Type (THB Million), 2015-2020
Table 45: Thai Institutional Construction Output by Activity (THB Million), 2011-2015
Table 46: Thai Institutional Construction Output by Activity Type (THB Million), 2015-2020
Table 47: Thai Institutional Construction Value Add by Project Type (THB Million), 2011-2015
Table 48: Thai Institutional Construction Value Add by Project Type (THB Million), 2015-2020
Table 49: Thai Residential Construction Output by Project Type (THB Million), 2011-2015
Table 50: Thai Residential Construction Output by Project Type (THB Million), 2015-2020
Table 51: Thai Residential Construction Output by Cost Type (THB Million), 2011-2015
Table 52: Thai Residential Construction Output by Cost Type (THB Million), 2015-2020
Table 53: Thai Residential Construction Output by Activity (THB Million), 2011-2015
Table 54: Thai Residential Construction Output by Activity Type (THB Million), 2015-2020
Table 55: Thai Residential Construction Value Add by Project Type (THB Million), 2011-2015
Table 56: Thai Residential Construction Value Add by Project Type (THB Million), 2015-2020
Table 57: Italian-Thai Development Public Company Limited, Key Facts
Table 58: Italian-Thai Development Public Company Limited, Main Services
Table 59: Italian-Thai Development Public Company Limited, History
Table 60: Italian-Thai Development Public Company Limited, Key Employees
Table 61: Pruksa Real Estate Public Company Limited, Key Facts
Table 62: Pruksa Real Estate Public Company Limited, Main Products
Table 63: Pruksa Real Estate Public Company Limited, History
Table 64: Pruksa Real Estate Public Company Limited, Key Employees
Table 65: CH. Karnchang Public Company Limited, Key Facts
Table 66: CH. Karnchang Public Company Limited, Main Services
Table 67: CH. Karnchang Public Company Limited, History
Table 68: CH. Karnchang Public Company Limited, Key Employees
Table 69: Sino-Thai Engineering and Construction Public Company Limited, Key Facts
Table 70: Sino-Thai Engineering and Construction Public Company Limited, Main Services
Table 71: Sino-Thai Engineering and Construction Public Company Limited, History
Table 72: Sino-Thai Engineering and Construction Public Company Limited, Key Employees
Table 73: Christiani and Nielsen (Thai) Public Company Limited, Key Facts
Table 74: Christiani and Nielsen (Thai) Public Company Limited, Main Services
Table 75: Christiani and Nielsen (Thai) Public Company Limited, History
Table 76: Christiani and Nielsen (Thai) Public Company Limited, Key Employees
Table 77: Timetric Construction Market Definitions

List of Figures
Figure 1: Thai Construction Output (Real US$ 2010, Million), 2011-2020
Figure 2: Growth Matrix for Construction Output in Thailand (US$ Million), 2011-2020
Figure 3: Thai Construction Output by Project Type (THB Million), 2011-2020
Figure 4: Thai Construction Output by Cost Type (THB Million), 2011-2020
Figure 5: Thai Construction Output by Activity Type (THB Million), 2011-2020
Figure 6: Thai Construction Value Add by Project Type (THB Million), 2011-2020
Figure 7: Thai Commercial Construction Output by Project Type (THB Million), 2011-2020
Figure 8: Thai Commercial Construction Output by Cost Type (THB Million), 2011-2020
Figure 9: Thai Commercial Construction Output by Activity Type (THB Million), 2011-2020
Figure 10: Thai Commercial Construction Value Add by Project Type (THB Million), 2011-2020
Figure 11: Thai Industrial Construction Output by Project Type (THB Million), 2011-2020
Figure 12: Thai Industrial Construction Output by Cost Type (THB Million), 2011-2020
Figure 13: Thai Industrial Construction Output by Activity Type (THB Million), 2011-2020
Figure 14: Thai Industrial Construction Value Add by Project Type (THB Million), 2011-2020
Figure 15: Thai Infrastructure Construction Output by Project Type (THB Million), 2011-2020
Figure 16: Thai Infrastructure Construction Output by Cost Type (THB Million), 2011-2020
Figure 17: Thai Infrastructure Construction Output by Activity Type (THB Million), 2011-2020
Figure 18: Thai Infrastructure Construction Value Add by Project Type (THB Million), 2011-2020
Figure 19: Thai Energy and Utilities Construction Output by Project Type (THB Million), 2011-2020
Figure 20: Thai Energy and Utilities Construction Output by Cost Type (THB Million), 2011-2020
Figure 21: Thai Energy and Utilities Construction Output by Activity Type (THB Million), 2011-2020
Figure 22: Thai Energy and Utilities Construction Value Add by Project Type (THB Million), 2011-2020
Figure 23: Thai Institutional Construction Output by Project Type (THB Million), 2011-2020
Figure 24: Thai Institutional Construction Output by Cost Type (THB Million), 2011-2020
Figure 25: Thai Institutional Construction Output by Activity Type (THB Million), 2011-2020
Figure 26: Thai Institutional Construction Value Add by Project Type (THB Million), 2011-2020
Figure 27: Thai Residential Construction Output by Project Type (THB Million), 2011-2020
Figure 28: Thai Residential Construction Output by Cost Type (THB Million), 2011-2020
Figure 29: Thai Residential Construction Output by Activity Type (THB Million), 2011-2020
Figure 30: Thai Residential Construction Value Add by Project Type (THB Million), 2011-2020

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers
Construction in Switzerland, Key Trends and Opportunities to 2020

Construction in Switzerland, Key Trends and Opportunities to 2020

  • $ 1950
  • Company report
  • December 2016
  • by Timetric

Synopsis Following five years of expansion, the Swiss construction industry slightly contracted in 2015, with industry output declining at a rate of 0.3% in real terms. However, improving European economic ...

Petroleum Industrial & Civil Construction Joint Stock Company (PXI) - Financial and Strategic SWOT Analysis Review

Petroleum Industrial & Civil Construction Joint Stock Company (PXI) - Financial and Strategic SWOT Analysis Review

  • $ 300
  • Company report
  • October 2016
  • by Global Data

Summary Petroleum Industrial & Civil Construction Joint Stock Company (PICC), a subsidiary of PetroVietnam Construction Joint Stock Corporation is a construction service provider that offers construction, ...

Granite Construction Incorporated - Strategy, SWOT and Corporate Finance Report

Granite Construction Incorporated - Strategy, SWOT and Corporate Finance Report

  • $ 175
  • Company report
  • December 2016
  • by MarketLine

Summary Granite Construction Incorporated - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.