What are the key trends and opportunities comming up in the construction industry in Thailand?
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This report published by Timetric in November 2015 about the latest construction industry trends in Thailand, covers the trends and opportunities in the Thai contraction industry. It also features a detailed market analysis including information on the growth prospects by market, project type and type of construction activity.
For the period of 2010-2014, the Thai construction industry’s output had a compound annual growth rate of -0.23%, due to social and political uncertainty. Despite this, a forecast of 2015-2019 expects the CAGR to be 2.79% because of future economic expansion, government investment in public infrastructure and the county’s housing demand. As the political and economic situation stabilizes, improvements in investor confidence and new investments in residential, infrastructure and commercial construction projects are expected to support the industry.
Along with the market analysis, there is also an analysis of equipment, material and service costs for each type of project in Thailand. The report also gives insight into the impact of industry trends and issues, as well as the opportunities and risks that are presented to potential investors.
The report features profiles of the key players in the Thai construction industry and data on the largest construction projects in Thailand. The comprehensive analysis within this report gives data from 2010-2014 and forecasts between 2015-2019. The data is segmented by sector and project type, with each project type having a breakdown of values for the type of activity and type of cost. The types of activity include new construction, repair and maintenance, refurbishment and demolition; while the cost types include materials, equipment and services. Issues such as regulation, cost management, funding and pricing are also analyzed within the report.
This report can help you evaluate the market opportunities as well as assess its potential for growth at a micro level. It will also allow you to understand the latest industry and market trends and opportunities. The critical insight can also help you formulate business strategies and assess risks.
Thailand currently has a high demand for office space, is investing in rail infrastructure, developing its airport infrastructure and planning to build new malls.
I hope you find this useful, and can see that there is a lot of useful information available through the portal about the construction industry. If you have any additional needs or questions about our reports, please feel free to contact us.