The Future of Construction in Thailand to 2015: Outlook Based on Expectation of Increased Private Investment and Government Funding Initiatives

22 Aug 2011 • by Natalie Aster

The construction industry in Thailand demonstrated modest growth during the review period as a result of the adverse effects of the global financial crisis in 2008–2009. Between 2006 and 2010, the construction industry recorded a CAGR of XX.XX%, which was attributed to the country’s low manufacturing and labor costs and reasonable infrastructure, which maintained its status as an industrial hub and drove the industrial construction market. With increased support from the government, the Thai construction industry is estimated to grow at a CAGR of XX.XX% during the forecast period. The increase is expected to be driven by significant levels of investment in the energy and infrastructure sectors, particularly in terms of transport.

The report The Future of Construction in Thailand to 2015: Optimistic Outlook Based on Expectation of Increased Private Investment and Government Funding Initiatives” is the result of iCD Research’s extensive market and company research covering the construction industry in Thailand. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and an annual review of major events in the industry from the previous 12 months.

In 2010, the Thai construction industry entered recovery as a result of to the government stimulus plans and an increase in private sector investment in the industry. Between 2009 and 2011, the Thai government announced its plan to spend THBXX.XX trillion (US$XX.XX billion) to stimulate the economy. A large portion of the stimulus budget is to be spent on small infrastructure projects in education, transportation and public health. In 2010, the industry was valued at TBHXX.XX billion (US$XX.XX billion), representing growth of XX.XX% compared with 2009. Prior to this, a XX.XX% reduction in the government’s construction budget to THB XX.XX billion (US$XX.XX billion) contributed to reduced construction activity in the country in 2009. The Thai construction industry was also adversely affected by the global economic slowdown and the industry recorded a decline in 2009. However, the construction industry had already begun to slow in 2008, and over 2000 Thai construction and property companies ceased operations, of which XX.XX were purely construction companies. The fluctuating prices of raw materials also adversely affected Thai construction and property companies during the period.

Report Details:

The Future of Construction in Thailand to 2015: Optimistic Outlook Based on Expectation of Increased Private Investment and Government Funding Initiatives

Published: July, 2011
Pages: 146
Price: US$ 1,250.00

Report Sample Abstract

Industry Dynamics

Within the Thai construction industry, residential construction was the largest market accounting for a XX.XX% share of the industry in 2010. In terms of growth, the industrial construction market recorded the highest review period CAGR of XX.XX% and is expected to record a CAGR of XX.XX% during the forecast period. Institutional construction was the second fastest market during the review period, growing at a CAGR of XX.XX%.

Historic Industry Value Review

In 2010, the Thai construction industry was valued at THBXX.XX billion, which represented an increase of XX.XX% compared with 2009 and a CAGR of XX.XX% during the review period.

Historic Industry Segmentation Review

In 2010, the largest market in the Thai construction industry was residential construction, with a value of THBXX.XX billion, equal to XX.XX% of the total construction industry. The second largest market was infrastructure construction, with a value of THBXX.XX billion, followed by commercial construction, with a value of THBXX.XX billion. Industrial construction was the fastest growing market in the Thai construction industry during the review period, with a CAGR of XX.XX%, followed by institutional construction with a CAGR of XX.XX%, and commercial construction with a CAGR of XX.XX%.

Industry Value Forecast

ICD expects the Thai construction industry to value THBXX.XX billion in 2015, compared to THBXX.XX billion in 2010. The industry is forecast to achieve a CAGR of XX.XX% over the forecast period.

Industry Segmentation Forecast

By 2015, residential construction is forecast to be the largest market in the industry, with a market value of THBXX.XX billion, representing a market share of XX.XX% and increase of XX.XX percentage points compared with 2010. The second largest market is forecast to be infrastructure construction, with a market share of XX.XX%.

More information can be found in the report “The Future of Construction in Thailand to 2015: Optimistic Outlook Based on Expectation of Increased Private Investment and Government Funding Initiatives” by iCD Research.

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