Construction Industry in Thailand - Market Key Trends and Opportunities to 2017

The Thai construction industry suffered a double blow in the review period, firstly from the global economic crisis in 2008–2009 and then from the record breaking floods in 2011, with activity levels declining by 5.3% in 2008 and 2.3% in 2011. The industry recorded a quick recovery in 2012, registering a growth of 7.6%. The construction industry is expected to continue to progress at a steady pace over the forecast period and register a CAGR of 6.67%. Growth in the industry will be largely supported by measures initiated by the government to develop the industry, with an intention to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015. 

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Thailand is no longer regarded as a low-cost manufacturing hub, but it remains a key player in the region in various sectors, such as automotive and high-tech manufacturing. Growth will also be supported by the introduction of Real Estate Investment Trust's (REIT), the need to set up special care centers for the rapidly aging population and the rising attractiveness of Thailand as a preferred destination for tourists from across the world, with purposes spanning leisure, business and medical care activities.

Scope

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

Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Thailand using the construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, 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

Assessment of the competitive environment using Porter’s Five Forces

Detailed profiles of the leading construction companies in Thailand

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