Construction in Thailand – Key Trends and Opportunities to 2017

Date: 06-Jun-2013
The Thai construction industry suffered a double blow between 2008 and 2012, 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 2.35 in 2011. The industry recorded a quick recovery in 2012 by registering a growth of 7.6%, backed by robust activity in industries to meet the backlog of orders. The construction industry is expected to continue to progress at a steady pace and have a value of THB614 billion (US$19.7 billion) by 2017, registering 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.



The Thai commercial construction market is expected to grow at a solid pace between 2012 and 2017, backed by a robust outlook for retail, leisure and office building categories. Commercial construction is expected to record a CAGR of 6.77% between 2012 and 2017 driven by an increase in disposable income, solid demand for premium office buildings in Bangkok and rising attractiveness of Thailand as a preferred destination for tourists from across the world.


Thailand witnessed a solid rebound in industrial activity as companies pushed hard to meet the backlog of demand from before the floods. Significant investments are expected in manufacturing and metal industries as part of the Thailand Automotive Industry Master Plan 2012 – 2016. The chemical industry is witnessing a huge inflow of public funds as part of the Chemical Industry Development Plan 2004–2018.


The country aims to transit into a knowledge-based economy and become competitive in modern economic activities, apart from the current labor-intensive activities. The government devised a national strategy to be a hub for higher-education for students across the ASEAN region by 2026.


The country also intends to become a preferred choice of R&D activity in the ASEAN region.


Substantial investments are expected to pour in educational buildings and research  facilities categories, to meet the above targets.


Reasons to buy

Gain an overview of the market including price dynamics, demographic profiles and key construction indicators.

Understand the construction market in Thailand by reviewing the commercial, industrial, infrastructural, institutional and residential sectors.

Get the upper hand on your competitors by obtaining numerous company profiles of some of the top Thai construction companies.


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