Thailand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Thailand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData expects the construction industry in Thailand to grow by 5.9% in real terms in 2025, supported by public and private sector investment in renewable energy and infrastructure sectors. According to the National Economic and Social Development Council (NESDC), the construction industry’s value-add grew by 8% year on year (YoY) in Q2 2025, preceded by Y-o-Y growth rates of 16.2% in Q1 2025 and 18.3% in Q4 2024. In August 2025, Thailand’s Finance Ministry secured a THB13.8 billion ($386.6 million) loan from the Asian Infrastructure Investment Bank (AIIB) to fund the construction of a second runway at U-Tapao Airport, a key part of the Eastern Aviation City project within the Eastern Economic Corridor. The new runway is expected to be completed by 2028.
Over the remainder of the forecast period, the construction industry is expected to grow at an annual average rate of 4.1% between 2026 and 2029, supported by investments in tourism, coupled with public private investments in transportation. In September 2025, the Expressway Authority of Thailand (Exat) announced that the agency plans to send the THB55 billion ($1.5 billion) Samui Expressway project to the cabinet for endorsement in late 2026. The 37.4km toll road project includes the construction of the country’s longest sea-crossing bridge to connect Don Sak on the mainland to Koh Samui to boost transport and tourism. Construction is planned to begin in 2029 and scheduled to be completed by 2034.
GlobalData’s Construction in Thailand - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Thailand's construction industry, including -
This report provides a comprehensive analysis of the construction industry in Thailand. It provides -
Summary
GlobalData expects the construction industry in Thailand to grow by 5.9% in real terms in 2025, supported by public and private sector investment in renewable energy and infrastructure sectors. According to the National Economic and Social Development Council (NESDC), the construction industry’s value-add grew by 8% year on year (YoY) in Q2 2025, preceded by Y-o-Y growth rates of 16.2% in Q1 2025 and 18.3% in Q4 2024. In August 2025, Thailand’s Finance Ministry secured a THB13.8 billion ($386.6 million) loan from the Asian Infrastructure Investment Bank (AIIB) to fund the construction of a second runway at U-Tapao Airport, a key part of the Eastern Aviation City project within the Eastern Economic Corridor. The new runway is expected to be completed by 2028.
Over the remainder of the forecast period, the construction industry is expected to grow at an annual average rate of 4.1% between 2026 and 2029, supported by investments in tourism, coupled with public private investments in transportation. In September 2025, the Expressway Authority of Thailand (Exat) announced that the agency plans to send the THB55 billion ($1.5 billion) Samui Expressway project to the cabinet for endorsement in late 2026. The 37.4km toll road project includes the construction of the country’s longest sea-crossing bridge to connect Don Sak on the mainland to Koh Samui to boost transport and tourism. Construction is planned to begin in 2029 and scheduled to be completed by 2034.
GlobalData’s Construction in Thailand - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Thailand's construction industry, including -
- Thailand’s construction industry's 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 Thailand’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Thailand. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- Identify and evaluate market opportunities using our 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 business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
50 Pages
- 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 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 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 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- 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), 2020-29
- Table 4: Thailand, Top Commercial Construction Projects by Value
- Table 5: Thailand, Industrial Construction Output by Project Type (Real % Change), 2020-29
- Table 6: Thailand, Top Industrial Construction Projects by Value
- Table 7: Thailand, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Thailand, Top Infrastructure Construction Projects by Value
- Table 9: Thailand, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Thailand, Top Energy and Utilities Construction Projects by Value
- Table 11: Thailand, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Thailand, Top Institutional Construction Projects by Value
- Table 13: Thailand, Residential Construction Output by Project Type (Real % Change), 2020-29
- 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, $ Million)
- Table 18: Thailand, Construction Output Value (Nominal, THB Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: South-East Asia, Construction Output (Real % Change), 2023-29
- Figure 2: Thailand, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
- Figure 3: Thailand, Risk Summary
- Figure 4: Thailand, Risk Regional Comparison
- Figure 5: Thailand, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
- Figure 6: Thailand, Construction Output Value, by Sector (Real, $ Million), 2020-29
- Figure 7: Thailand, Construction Value-add (THB Million, 2002 Constant Prices)
- Figure 8: Thailand, Gross Fixed Capital Formation in Construction (THB Million, 2002 Constant Prices)
- Figure 9: Thailand, Building Materials Price Index Base Year (2015 = 100)
- Figure 10: Thailand, Labour Cost Index (2013=100)
- Figure 11: Thailand, Construction Material Price Index (2015=100)
- Figure 12: Thailand, Private Construction Investment Index Seasonally Adjusted (2018=100)
- Figure 13: Thailand, Construction Areas Permitted Nationwide (Thousand M2)
- Figure 14: Thailand, Property Credit Outstanding (THB Billion)
- Figure 15: Thailand, Construction Projects Momentum Index
- Figure 16: South-East Asia, Construction Projects Momentum Index
- Figure 17: Thailand, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 18: Thailand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Thailand, Foreign Tourist Arrivals, In Thousands
- Figure 20: Thailand, Average Retail Sales Index (2019=100)
- Figure 21: Thailand, Wholesale and Retail Trade Value-Add (THB Million, 2002 Constant Prices)
- Figure 22: Thailand, Gross Fixed Capital Formation in Construction (THB Million, 2002 Constant Prices)
- Figure 23: Thailand, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 24: Thailand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Thailand, Industrial Value-Add (THB Million, 2002 Constant Prices)
- Figure 26: Thailand, Exports of Goods at Constant Market Prices (THB Million, Seasonally Adjusted)
- Figure 27: Thailand, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 28: Thailand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Thailand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Thailand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Thailand, Value-Add of Electricity, Gas, Steam and Air Conditioning Supply (THB Million, 2002 Constant Prices)
- Figure 32: Thailand, Value-Add of Water Supply, Sewerage, Waste Management, and Remediation Activity (THB Million, 2002 Constant Prices)
- Figure 33: Thailand, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Thailand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Thailand, Health Value-Add (THB Million, 2002 Constant Prices)
- Figure 36: Thailand, Education Value-Add (THB Million, 2002 Constant Prices)
- Figure 37: Thailand, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 38: Thailand, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 39: Thailand, Residential Land Development Licenses (Number)
- Figure 40: Thailand, Real Estate Value-Add (THB Million, 2002 Constant Prices)
- Figure 41: Thailand, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 42: Thailand, Headquarters of Key Consultants (% of Total Project Pipeline)
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.