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Construction Market in Thailand 2018-2022

Construction Market in Thailand 2018-2022

About Construction in Thailand

To calculate the market size, the report considers the construction market revenue as a part of the GDP. The performance of the construction market in Thailand is forecast with the help of the predicted CAGR, after analysis of the present condition of the market.

Technavio’s analysts forecast the construction market in Thailand to grow at a CAGR of 7.99% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the construction market in Thailand for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Construction Market in Thailand 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • ITALIAN-THAI DEVELOPMENT
  • CH. Karnchang
  • TTCL Public Company
  • Sino -Thai Engineering & Construction
  • Unique Construction and Engineering
  • STP&I
Market driver
  • Rising investment in public infrastructure projects
  • For a full, detailed list, view our report
Market challenge
  • Construction labor and materials shortage
  • For a full, detailed list, view our report
Market trend
  • Growth in prefab constructions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Construction Market in Thailand 2018-2022

Technavio recognizes the following companies as the key players in the construction market in Thailand: ITALIAN-THAI DEVELOPMENT, CH. Karnchang, TTCL Public Company, Sino -Thai Engineering & Construction, Unique Construction and Engineering, and STP&I.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in prefab constructions. Prefabricated construction involves the assembly of the components or units of a building structure, which are manufactured in a controlled facility and then transported to the construction site. It refers to any building or structure, whose sections have been manufactured under factory conditions, and then assembled at the construction site to create the complete house, buildings or structure.”

According to the report, one driver in the market is rising investment in public infrastructure projects. The Thai government has been heavily investing in public infrastructure development projects in the recent years, which is expected to remain one of the major factors driving growth in the country’s construction market.

Further, the report states that one challenge in the market is construction labor and materials shortage. Thailand’s construction market is heavily dependent on foreign labor and material imports to run the industry. But, the country is currently facing challenges due to a shortage of manual labor and supply of construction materials, which may hinder the future growth in the construction market.

Companies Mentioned

ITALIAN-THAI DEVELOPMENT, CH. Karnchang, TTCL Public Company, Sino -Thai Engineering & Construction, Unique Construction and Engineering, and STP&I.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global construction market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Construction market in Thailand - Market size and forecast 2017-2022 ($ bn)
      • Table Regional change in population by 2050 when compared with 2015 (in %)
      • Table Global - Year over year growth 2018-2022 (%)
      • Table Thailand historical GDP and forecast 2013-2022 ($ billions)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers*
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by source of investment
    • Segmentation by source of investment
      • Table Source of investment - Market share 2017-2022 (%)
    • Comparison by source of investment
      • Table Comparison by source of investment
    • Public constructions - Market size and forecast 2017-2022
      • Table Public constructions - Market size and forecast 2017-2022 ($ bn)
      • Table Major transportation infrastructure projects proposed, under planning or construction in Thailand (2016 and 2017)
      • Table Public constructions - Year over year growth 2018-2022 (%)
    • Private constructions - Market size and forecast 2017-2022
      • Table Private constructions - Market size and forecast 2017-2022 ($ bn)
      • Table Private constructions - Year over year growth 2018-2022 (%)
    • Market opportunity by source of investment
      • Table Market opportunity by source of investment
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Growth in inbound tourism (2011-2017)
      • Table Cumulative growth in Bangkok condominium supply (2011-2016)
    • Market challenges
      • Table Thailand domestic house price growth (2009-2017)
  • Market trends
    • Growth in prefab constructions
      • Table Advantages of modular and panelized constructions
    • Development of green buildings
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ITALIAN-THAI DEVELOPMENT
      • Table Vendor overview
      • Table ITALIAN-THAI DEVELOPMENT- Organizational developments
    • CH. Karnchang
      • Table Vendor overview
      • Table CH . Karnchang - Organizational developments
    • TTCL Public Company
      • Table Vendor overview
      • Table TTCL Public Company - Organizational developments
    • Sino -Thai Engineering & Construction
      • Table Vendor overview
      • Table Sino -Thai Engineering & Construction - Organizational developments
    • Unique Construction and Engineering
      • Table Vendor overview
      • Table Unique Construction and Engineering - Organizational developments
    • STP&I
      • Table Vendor overview
      • Table STP&I - Organizational developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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