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Published: Nov, 2017 | Pages:
81 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Summary
In real terms, the Thai construction industry registered a review-period (2012-2016) compound annual growth rate (CAGR) of 5.40%. Growth during the review period was supported by the Infrastructure Development Plan 2012-2016, under which the government invested THB2.3 trillion (US$74.0 billion) on the construction of energy, transport, telecommunication and other public infrastructure. The industry is expected to expand at a relatively slow pace over the forecast period (2017-2021), rising by a CAGR of 1.57% in real terms, owing to political uncertainties and rising labor shortage, which is expected to hamper the flow of private sector investment into construction projects. Although the probable persistence of political uncertainties and labor shortages have been hampering growth throughout 2017, the industry is expected to pick up during the latter part of the forecast period, driven by the government's plan to develop transport, residential and energy infrastructure.
Synopsis
Timetric's Construction in Thailand - Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Thai construction industry, including: • The Thai construction industry's growth prospects by market, project type and construction activity • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Thai construction industry • Profiles of the leading operators in the Thai construction industry
Scope
This report provides a comprehensive analysis of the construction industry in Thailand. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Thailand using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Detailed profiles of the leading construction companies in Thailand
Reasons To Buy
• Identify and evaluate market opportunities using Timetric's 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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Highlights
• Timetric expects the residential construction market to remain the largest segment, accounting for 35.4% of the industry's total value in 2021, driven by government's focus on construction of affordable houses for middle- and low-income citizens across the country. Under the Pracha Rat Home scheme, the government plans to spend THB50.0 billion (US$1.4 billion) as subsidies to build affordable houses. • According to the Bank of Thailand, residential property prices in the country remained buoyant in 2016. The weighted average housing price index for town houses (including land) grew by 2.3%, rising from 134.6 in 2015 to 137.7 in 2016. Moreover, it increased by 0.9% during the first three quarters of 2017, rising from 137.7 in January-September 2016 to 139.7 in January-September 2017. • Timetric expects infrastructure construction to be the industry's fastest-growing market over the forecast period, with a CAGR of 5.39% in nominal terms. The market is expected to be supported by government's investments in transport infrastructure. The government plans to invest THB2.3 trillion (US$76.3 billion) on the development of infrastructure by 2020. Additionally, under the Eastern Economic Corridor project, the government plans to invest THB1.5 trillion (US$43.0 billion) on infrastructure development by 2022. • The government is focusing on the construction of high-speed rail infrastructure, with an aim to reduce traffic congestion, fulfill the demands of the growing population and revitalize the sluggish economy. In July 2017, the government approved a plan to build the first phase of an HSR under the Public-Private Partnership (PPP) model. It plans to build 252.0km of HSR lines between Bangkok and Nakhon Ratchasima province with an investment of THB179.0 billion (US$7.6 billion) by 2022. • To support economic development and growth, the government is focusing on the construction of a high speed broadband network across the country under the Digital Economy scheme. Through this, the government aims to create investment opportunities and ensure social and economic inclusion. Accordingly, the government aims to provide an internet connection of 20.0Mbps to all schools and community areas, whereas it plans to provide an internet connection speed of 100.0Mbps in provincial economic zones by 2020.
Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Italian-Thai Development Public Co. Ltd 5.1 Italian-Thai Development Public Co. Ltd - Company Overview 5.2 Italian-Thai Development Public Co. Ltd - Business Description 5.3 Italian-Thai Development Public Co. Ltd - Main Services 5.4 Italian-Thai Development Public Co. Ltd - History 5.5 Italian-Thai Development Public Co. Ltd - Company Information 5.5.1 Italian-Thai Development Public Co. Ltd - key competitors 5.5.2 Italian-Thai Development Public Co. Ltd - key employees 6 Company Profile: Pruksa Real Estate Public Co. Ltd 6.1 Pruksa Real Estate Public Co. Ltd - Company Overview 6.2 Pruksa Real Estate Public Co. Ltd - Business Description 6.3 Pruksa Real Estate Public Co. Ltd - Main Products 6.4 Pruksa Real Estate Public Co. Ltd - History 6.5 Pruksa Real Estate Public Co. Ltd - Company Information 6.5.1 Pruksa Real Estate Public Co. Ltd - key competitors 6.5.2 Pruksa Real Estate Public Co. Ltd - key employees 7 Company Profile: CH. Karnchang Public Co. Ltd 7.1 CH. Karnchang Public Co. Ltd - Company Overview 7.2 CH. Karnchang Public Co. Ltd - Main Services 7.3 CH. Karnchang Public Co. Ltd - History 7.4 CH. Karnchang Public Co. Ltd - Company Information 7.4.1 CH. Karnchang Public Co. Ltd - key competitors 7.4.2 CH. Karnchang Public Co. Ltd - key employees 8 Company Profile: Sino-Thai Engineering & Construction Public Co. Ltd 8.1 Sino-Thai Engineering & Construction Public Co. Ltd - Company Overview 8.2 Sino-Thai Engineering & Construction Public Co. Ltd - Business Description 8.3 Sino-Thai Engineering & Construction Public Co. Ltd - Main Services 8.4 Sino-Thai Engineering & Construction Public Co. Ltd - History 8.5 Sino-Thai Engineering & Construction Public Co. Ltd - Company Information 8.5.1 Sino-Thai Engineering & Construction Public Co. Ltd - key competitors 8.5.2 Sino-Thai Engineering & Construction Public Co. Ltd - key employees 9 Company Profile: AP (Thailand) Public Co. Ltd 9.1 AP (Thailand) Public Co. Ltd - Company Overview 9.2 AP (Thailand) Public Co. Ltd - Main Services 9.3 AP (Thailand) Public Co. Ltd - Company Information 9.3.1 AP (Thailand) Public Co. Ltd - key competitors 9.3.2 AP (Thailand) Public Co. Ltd - key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables
Table 1: Thai Construction Output by Project Type (THB Million), 2012-2016 Table 2: Thai Construction Output by Project Type (THB Million), 2016-2021 Table 3: Thai Construction Output by Cost Type (THB Million), 2012-2016 Table 4: Thai Construction Output by Cost Type (THB Million), 2016-2021 Table 5: Thai Construction Output by Activity Type (THB Million), 2012-2016 Table 6: Thai Construction Output by Activity Type (THB Million), 2016-2021 Table 7: Thai Construction Value Add by Project Type (THB Million), 2012-2016 Table 8: Thai Construction Value Add by Project Type (THB Million), 2016-2021 Table 9: Thai Commercial Construction Output by Project Type (THB Million), 2012-2016 Table 10: Thai Commercial Construction Output by Project Type (THB Million), 2016-2021 Table 11: Thai Commercial Construction Output by Cost Type (THB Million), 2012-2016 Table 12: Thai Commercial Construction Output by Cost Type (THB Million), 2016-2021 Table 13: Thai Commercial Construction Output by Activity Type (THB Million), 2012-2016 Table 14: Thai Commercial Construction Output by Activity Type (THB Million), 2016-2021 Table 15: Thai Commercial Construction Value Add by Project Type (THB Million), 2012-2016 Table 16: Thai Commercial Construction Value Add by Project Type (THB Million), 2016-2021 Table 17: Thai Industrial Construction Output by Project Type (THB Million), 2012-2016 Table 18: Thai Industrial Construction Output by Project Type (THB Million), 2016-2021 Table 19: Thai Industrial Construction Output by Cost Type (THB Million), 2012-2016 Table 20: Thai Industrial Construction Output by Cost Type (THB Million), 2016-2021 Table 21: Thai Industrial Construction Output by Activity Type (THB Million), 2012-2016 Table 22: Thai Industrial Construction Output by Activity Type (THB Million), 2016-2021 Table 23: Thai Industrial Construction Value Add by Project Type (THB Million), 2012-2016 Table 24: Thai Industrial Construction Value Add by Project Type (THB Million), 2016-2021 Table 25: Thai Infrastructure Construction Output by Project Type (THB Million), 2012-2016 Table 26: Thai Infrastructure Construction Output by Project Type (THB Million), 2016-2021 Table 27: Thai Infrastructure Construction Output by Cost Type (THB Million), 2012-2016 Table 28: Thai Infrastructure Construction Output by Cost Type (THB Million), 2016-2021 Table 29: Thai Infrastructure Construction Output by Activity Type (THB Million), 2012-2016 Table 30: Thai Infrastructure Construction Output by Activity Type (THB Million), 2016-2021 Table 31: Thai Infrastructure Construction Value Add by Project Type (THB Million), 2012-2016 Table 32: Thai Infrastructure Construction Value Add by Project Type (THB Million), 2016-2021 Table 33: Thai Energy and Utilities Construction Output by Project Type (THB Million), 2012-2016 Table 34: Thai Energy and Utilities Construction Output by Project Type (THB Million), 2016-2021 Table 35: Thai Energy and Utilities Construction Output by Cost Type (THB Million), 2012-2016 Table 36: Thai Energy and Utilities Construction Output by Cost Type (THB Million), 2016-2021 Table 37: Thai Energy and Utilities Construction Output by Activity Type (THB Million), 2012-2016 Table 38: Thai Energy and Utilities Construction Output by Activity Type (THB Million), 2016-2021 Table 39: Thai Energy and Utilities Construction Value Add by Project Type (THB Million), 2012-2016 Table 40: Thai Energy and Utilities Construction Value Add by Project Type (THB Million), 2016-2021 Table 41: Thai Institutional Construction Output by Project Type (THB Million), 2012-2016 Table 42: Thai Institutional Construction Output by Project Type (THB Million), 2016-2021 Table 43: Thai Institutional Construction Output by Cost Type (THB Million), 2012-2016 Table 44: Thai Institutional Construction Output by Cost Type (THB Million), 2016-2021 Table 45: Thai Institutional Construction Output by Activity Type (THB Million), 2012-2016 Table 46: Thai Institutional Construction Output by Activity Type (THB Million), 2016-2021 Table 47: Thai Institutional Construction Value Add by Project Type (THB Million), 2012-2016 Table 48: Thai Institutional Construction Value Add by Project Type (THB Million), 2016-2021 Table 49: Thai Residential Construction Output by Project Type (THB Million), 2012-2016 Table 50: Thai Residential Construction Output by Project Type (THB Million), 2016-2021 Table 51: Thai Residential Construction Output by Cost Type (THB Million), 2012-2016 Table 52: Thai Residential Construction Output by Cost Type (THB Million), 2016-2021 Table 53: Thai Residential Construction Output by Activity Type (THB Million), 2012-2016 Table 54: Thai Residential Construction Output by Activity Type (THB Million), 2016-2021 Table 55: Thai Residential Construction Value Add by Project Type (THB Million), 2012-2016 Table 56: Thai Residential Construction Value Add by Project Type (THB Million), 2016-2021 Table 57: Italian-Thai Development Public Co. Ltd, Key Facts Table 58: Italian-Thai Development Public Co. Ltd, Main Services Table 59: Italian-Thai Development Public Co. Ltd, History Table 60: Italian-Thai Development Public Co. Ltd, Key Employees Table 61: Pruksa Real Estate Public Co. Ltd, Key Facts Table 62: Pruksa Real Estate Public Co. Ltd, Main Products Table 63: Pruksa Real Estate Public Co. Ltd, History Table 64: Pruksa Real Estate Public Co. Ltd, Key Employees Table 65: CH. Karnchang Public Co. Ltd, Key Facts Table 66: CH. Karnchang Public Co. Ltd, Main Services Table 67: CH. Karnchang Public Co. Ltd, History Table 68: CH. Karnchang Public Co. Ltd, Key Employees Table 69: Sino-Thai Engineering & Construction Public Co. Ltd, Key Facts Table 70: Sino-Thai Engineering & Construction Public Co. Ltd, Main Services Table 71: Sino-Thai Engineering & Construction Public Co. Ltd, History Table 72: Sino-Thai Engineering & Construction Public Co. Ltd, Key Employees Table 73: AP (Thailand) Public Co. Ltd, Key Facts Table 74: AP (Thailand) Public Co. Ltd, Main Services Table 75: AP (Thailand) Public Co. Ltd, Key Employees Table 76: Timetric Construction Market Definitions
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