Construction in Thailand - Key Trends and Opportunities to 2024
ページ情報: 英文 55 Pages
当レポートでは、タイの建設市場について分析し、市場全体の構造や将来展望、市場規模 (生産高・付加価値額) の推移と予測（過去5年間・今後5年間分）、各部門の詳細動向と代表的なプロジェクト、各種コスト (材料費・設備費・サービス費用) および活動内容 (新規建設、修理・整備、リフォーム、解体) の動向、今後解決すべき課題、今後の市場機会とリスク、代表的企業のプロファイルなどについて調査・推計しております。
Thailand's construction industry regained growth momentum in 2018, with output expanding by 2.7% in real terms - up from -2.8% in 2017. The industry's output value, measured at constant 2017 US dollar exchange rates, increased from US$22.9 billion in 2017 to US$23.5 billion in 2018. The industry is expected to continue to expand over the forecast period (2019-2023), albeit at a slower pace compared to the review period.
Growth will be driven by the government's efforts to develop the country's transport infrastructure, coupled with efforts to boost the residential construction market. In the first half of 2019, the government announced plans to allocate THB4 billion (US$125.6 million) to finance five low-cost housing projects in the country, while in the 2020 budget, the government allocated THB650 billion (US$20.4 billion) towards capital expenditures.
Investments to develop infrastructure in Chachoengsao, Chonburi and Rayong provinces under the Eastern Economic Corridor (EEC) scheme are also expected to support growth in the industry over the forecast period. In order to attract foreign manufacturing companies, create a value-based economy and reduce social disparity, the government is developing the EEC, a new industrial zone. In October 2018, the government agreed to approve four more large-scale infrastructure projects under the ECC scheme. The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.48% over the forecast period. The industry is consequently expected to rise from a value of US$23.5 billion in 2018 to US$27.9 billion in 2023, measured at constant 2017 US dollar exchange rates.
Residential construction was the largest market in the Thai construction industry during the review period, accounting for 40.9% of its total value in 2018. The market is expected to follow a similar trend over the forecast period, with residential construction accounting for 40.3% of the industry's total value in 2023. Infrastructure construction accounted for 26% of the industry's total output in 2018, followed by commercial construction with 13.1%, energy and utilities construction with 12.4%, industrial construction with 5.5% and institutional construction with 2%.
The total construction project pipeline in Thailand including all mega projects with a value above US$25 million - stands at THB11.5 trillion (US$355.9 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 60.3% of the pipeline value being in projects in the pre-execution and execution stages as of October 2019.
The report "Construction in Thailand - Key Trends and Opportunities to 2023" provides detailed market analysis, information and insights into the Thai construction industry, including -
This report provides a comprehensive analysis of the construction industry in Thailand. It provides -