Product Code: 1750-5526
BMI View: Large public infrastructure projects, especially in transport and energy sectors, will be the key
drivers of growth in Thailand's construction industry over the next few years. Meanwhile, soaring tourist
arrivals and favourable economic environment will sustain positive trends in the residential/non-residential
construction segment. We maintain our cautious longer-term forecasts due to the fragile political situation
and skilled labour force shortages.
Latest Updates And Structural Trends
- Supported by large public investment and favourable interest rates, growth in Thailand's construction sector will remain notable over the near-term, expanding by 5.5% y-o-y in 2016 and 3.3% y-o-y in 2017.
- According to Thailand's National Economic and Social Development Board, the country's construction sector, especially the public segment, maintained robust growth in Q216. The sector expanded 7.5% q-oq, with public construction sector increasing 15.5% (y-o-y), while the private construction declined by 2.1% y-o-y in value terms.
- Thailand's construction industry will benefit from heightened private investment in the rail sector. With the government having recently awarded a contract for the Red Line project, approved two Bangkok rail projects and put two high-speed rail projects under the PPP fast-track plan, rail will be a major driver of growth.
- In June 2016, Airports of Thailand (AoT) revealed its plans to spend THB194bn (USD5.5bn) over the next 15 years expanding its airports. The total cost of the scheme has been inflated from the previously planned THB140bn (USD3.97bn), largely due to a revision in the expansion at Bangkok's Don Muang International Airport, according to AoT President Nitinai Sirismatthakarn.
Table of Contents
BMI Industry View
- Latest Updates And Structural Trends
- Table: Infrastructure - Construction Industry Forecasts (Thailand 2016-2022)
- Table: Infrastructure Risk Reward Index (Thailand 2016)
SWOT
Industry Forecast
- Construction And Infrastructure Forecast Scenario
- Latest Updates
- Table: Construction And Infrastructure Industry Data (Thailand 2015-2025)
- Structural Trends
- Table: Thai-China Railway Project Factbox
- Transport Infrastructure - Outlook And Overview
- Latest Updates
- Table: Competitiveness Of Thailand's Infrastructure
- Table: Projects Under PPP Fast-Trach Scheme
- Table: Thailand - Railway Projects Planned (2015-2022)
- Table: Top Five Transport Projects By Value
- Energy And Utilities Infrastructure - Outlook And Overview
- Latest Updates
- Table: Thailand Power Development Plan 2014-2036
- Table: Power Capacity Plans For 2015-2036 (f)
- Table: Top Five Energy & Utilities Projects By Value
- Residential/Non-Residential Construction - Outlook And Overview
- Latest Updates
- Table: Construction and Social Infrastructure Projects
Industry Risk Reward Ratings
- Asia Infrastructure RRI: Muted Outlook Ahead
- Table: Asia Risk/Reward Index
- Thailand - Infrastructure Risk/Reward Index
Market Overview
- Competitive Landscape
- Table: EQS Data
- Table: Key Amendments in Thailand PPP Law
Company Profile
- CH Karnchang
- Siam Cement
- Italian-Thai Development
Methodology
- Industry Forecast Methodology
- Sector-Specific Methodology
- Risk/Reward Index Methodology
- Sector-Specific Methodology
- Table: Infrastructure Risk/Reward Index Indicators
- Table: Weighting Of Indicators
