Construction in Thailand - Key Trends and Opportunities to 2024

Construction in Thailand - Key Trends and Opportunities to 2024



Thailands construction industry has been affected by the disruption caused by the Coronavirus (COVID-19) pandemic; It predicts that the industrys output will shrink by 3.7% in 2020. Although Thailand imposed a strict lockdown until May 2020, construction activities held up relatively well, as most of the construction work progressed without much disruption. However, certain projects are expected to face delays and subsequent cost overruns, as the pandemic has caused supply chain disruptions, and led to a shortage of labor in the construction industry.

Over the remaining part of the forecast period, the industry is expected to register an average annual growth of 3.7% between 2021-2024, supported by improving investor and consumer confidence, and government investments on road, rail, renewable energy and housing projects. The governments pre-COVID-19 plans to develop transport infrastructure are also expected to drive the industrys growth over the forecast period. Under the Southern Economic Corridor (SEC) project, the government plans to invest THB106.8 billion (US$3.4 billion) towards the development of 116 projects during the period of 2019-2022. Under the Eastern Economic Corridor (EEC) scheme, the government approved four more large-scale infrastructure projects; as a result, the total number of projects approved under the EEC scheme reached five, with a combined value of THB652.5 billion (US$20.2 billion); these projects are expected to be completed by 2023.

This report provides detailed market analysis, information and insights into the Thai construction industry, including -
- The Thai construction industrys growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Thai construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Thailand. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Thailand, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

- Identify and evaluate market opportunities using Its 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 Its critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction

List Of Tables


Table 1: Construction Industry Key Data
Table 2: Thailand, Key Economic Indicators
Table 3: Thailand, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: Thailand, Top Commercial Construction Projects by Value
Table 5: Thailand, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Thailand, Top Industrial Construction Projects by Value
Table 7: Thailand, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Thailand, Top Infrastructure Construction Projects by Value
Table 9: Thailand, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Thailand, Top Energy and Utilities Construction Projects by Value
Table 11: Thailand, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Thailand, Top Institutional Construction Projects by Value
Table 13: Thailand, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: Thailand, Top Residential Construction Projects by Value
Table 15: Thailand, Key Contractors
Table 16: Thailand, Key Consultants
Table 17: Thailand, Construction Output Value (Real, US$ Million)
Table 18: Thailand, Construction Output Value (Nominal, THB Million)
Table 19: GlobalData Construction Market Definitions

List Of Figures


Figure 1: South and South-East Asia, Construction Output (Real % Change), 2020
Figure 2: Thailand, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Thailand, COVID-19 Confirmed Cases
Figure 4: Thailand, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Thailand, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Thailand, Construction Value-Add (THB Million, 2002 Constant Prices)
Figure 7: Thailand, Gross Fixed Capital Formation in Construction (THB Million, 2002 Constant Prices)
Figure 8: Thailand, Construction Projects Momentum Index
Figure 9: Thailand, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 10: Thailand, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 11: Thailand, Foreign Tourist Arrival (Number, Thousand)
Figure 12: Thailand, Average Retail Sales Index (2002=100)
Figure 13: Thailand, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Thailand, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Thailand, Manufacturing Value-Add at Current Market Prices (THB Million)
Figure 16: Thailand, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 17: Thailand, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Thailand, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 19: Thailand, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 20: Thailand, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 21: Thailand, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 22: Thailand, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 23: Thailand, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Thailand, Land Development Licenses (Number)
Figure 25: Thailand, Housing Price Index
Figure 26: Thailand, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 27: Thailand, Headquarters of Key Consultants (% of Total Project Pipeline)

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