Product Code: 1750-5526
BMI View:We see improved prospects in Thailand's construction industry, with the current government's
focus on infrastructure development leading to elevated levels of investment especially in the transport
sector. Over the next 10 years, Thailand's construction industry is forecast to grow at faster rates than the
past decade, especially as we expect the pro-infrastructure junta government to retain influence beyond the
upcoming elections.
Forecast & Industry Developments
- We have further upgraded our outlook for Thailand's construction industry, and now expect growth in 2017 to reach 6.0% in real terms. Between 2017 and 2026, growth will average 4.7% annually. This comes on the back of strong FY2016 growth and promising progress on major infrastructure projects in the country.
- The transport sector will continue to drive growth in Thailand's infrastructure industry, with the government in the midst of implementing USD40bn worth of projects over the next five to 10 years. The majority of projects involve upgrading and expanding the country's long-distance and urban rail networks.
- Improved transport networks will bolster Thailand's role as a tourism hub, supporting greater investments in commercial and residential real estate. China will be a major source of both tourists and investment in the tourism industry.
- Persistent operating risks continue to cause delays in Thailand's infrastructure projects, with only 2% of the planned USD40bn outlay spent as of March 2017. However, we expect that projects will move forward more quickly in the coming years as initial bureaucratic and financial burdens are resolved.
Table of Contents
BMI Industry View
- Forecast & Industry Developments
- Table: Infrastructure - Construction Industry Forecasts (Thailand 2017-2023)
- Table: Infrastructure Risk Reward Index (Thailand 2017-2017)
SWOT
Industry Forecast
- Construction And Infrastructure Forecast Scenario
- Latest Updates
- Table: Construction And Infrastructure Industry Data (Thailand 2016-2026)
- Structural Trends
- Transport Infrastructure - Outlook And Overview
- Latest Updates
- Table: Thailand - Transport Infrastructure Industry Forecasts
- Table: Competitiveness Of Thailand's Infrastructure
- Table: Thailand - Major Transport Infrastructure Projects, by Value
- Energy And Utilities Infrastructure - Outlook And Overview
- Latest Updates
- Table: Thailand - Energy & Utilities Infrastructure Industry Forecasts
- Structural Trends
- Table: Thailand Power Development Plan 2014-2036
- Table: Thailand - Major Energy & Utilities Projects By Value, USDmn
- Residential/Non-Residential Construction - Outlook And Overview
- Latest Updates
- Table: Thailand - Residential and Non-Residential Building Industry Forecasts
- Structural Trends
- Table: Thailand - Major Residential & Non-Residential Building Projects by Value, USDmn
Industry Risk Reward Index
Market Overview
- Competitive Landscape
- Table: Thailand Companies - Key Financial Data
Company Profile
- CH Karnchang
- Siam Cement
- Italian-Thai Development
Methodology
- Infrastructure Forecast Methodology
- Industry Forecast Methodology
- Sector-Specific Methodology
- Infrastructure Risk/Reward Index
