タイの建設市場：主な傾向と機会

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。

第1章 エグゼクティブ・サマリー

第2章 業界の展望

• 商業建設
• 工業建設
• インフラ建設
• エネルギー・ユーティリティ建設
• 施設建設
• 住宅建設

第3章 主な課題と動向

第4章 市場データ分析

• 建設業全体の生産高と付加価値額
  • 建設生産高：プロジェクトの種類別
  • 建設生産高：コストの種類別
  • 建設生産高：活動の種類別
  • 付加価値額：プロジェクトの種類別
• 商業建設
• 工業建設
• インフラ建設
• エネルギー・ユーティリティ建設
• 施設建設
• 住宅建設

第5章 企業プロファイル：Italian-Thai Development Public Company Ltd

• 企業概要
• 主要サービス
• 沿革
• 企業情報 (主な競合企業、経営陣)

第6章 企業プロファイル：Pruksa Real Estate Public Company Ltd

第7章 企業プロファイル：CH. Karnchang Public Company Ltd

第8章 企業プロファイル：Sino-Thai Engineering & Construction Public Company Ltd

第9章 企業プロファイル：TTCL Public Company Ltd.

第10章 付録

図表一覧

List of Tables

List of Tables

• Table 1: Construction Industry Key Data
• Table 2: Thailand, Key Economic Indicators
• Table 3: Thailand, Commercial Construction Output by Project Type (Real % Change), 2016-2025
• Table 4: Thailand, Top Commercial Construction Projects by Value
• Table 5: Thailand, Industrial Construction Output by Project Type (Real % Change), 2016-2025
• Table 6: Thailand, Top Industrial Construction Projects by Value
• Table 7: Thailand, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
• Table 8: Thailand, Top Infrastructure Construction Projects by Value
• Table 9: Thailand, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
• Table 10: Thailand, Top Energy and Utilities Construction Projects by Value
• Table 11: Thailand, Institutional Construction Output by Project Type (Real % Change), 2016-2025
• Table 12: Thailand, Top Institutional Construction Projects by Value
• Table 13: Thailand, Residential Construction Output by Project Type (Real % Change), 2016-2025
• Table 14: Thailand, Top Residential Construction Projects by Value
• Table 15: Thailand, Key Contractors
• Table 16: Thailand, Key Consultants
• Table 17: Thailand, Construction Output Value (Real, US$ Million)
• Table 18: Thailand, Construction Output Value (Nominal, THB Million)
• Table 19: GlobalData Construction Market Definitions
• Table 20: Risk Dimensions
• Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

• Figure 1: South and South-East Asia, Construction Output (Real % Change), 2020 and 2021
• Figure 2: Thailand, Construction Projects Pipeline by Sector (US$ Billion)
• Figure 3: Thailand, COVID-19 Confirmed Cases
• Figure 4: Thailand, Risk Summary
• Figure 5: Thailand, Risk Regional Comparison
• Figure 6: Thailand, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
• Figure 7: Thailand, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
• Figure 8: Thailand, Construction Value Add (THB Million, 2002 Constant Prices), YoY % Change
• Figure 9: Thailand, Gross Fixed Capital Formation in Construction (THB Million, 2002 Constant Prices), YoY % Change
• Figure 10: Thailand, Construction Projects Momentum Index
• Figure 11: South and South-East Asia, Construction Projects Momentum Index
• Figure 12: Thailand, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 13: Thailand, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 14: Thailand, Foreign Tourist Arrivals (Number, Thousand), YoY % Change
• Figure 15: Thailand, Average Retail Sales Index (2002=100), YoY % Change
• Figure 16: Thailand, Wholesale and Retail Trade Value Add (THB Million, 2002 Constant Prices), YoY % Change
• Figure 17: Thailand, Accommodation and Food Service Value Add (THB Million, 2002 Constant Prices), YoY % Change
• Figure 18: Thailand, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 19: Thailand, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 20: Thailand, Industrial Value Add at Constant Market Prices (THB Million), YoY % Change
• Figure 21: Thailand, Total Exports at Constant Market Prices (THB Million), YoY % Change

Thailand's construction industry was not as severely affected by the outbreak of the COVID-19 pandemic as some of its regional peers, with the industry registering an annual growth of 2.3% in real terms in 2020 - an improvement on growth of 1.6% that the construction industry recorded in 2019. The industry continued to remain strong in the first half of 2021, supported by strong export demand and investment in the infrastructure and energy and utilities sector. According to the Office of the National Economic and Social Development Council (NESDC), the construction industry's value-add increased by 8.6% year on year (YoY) in the first half of 2021.

Despite the strong growth in the first half of the year, GlobalData expects construction industry to expand by 5.3% in real terms in 2021, with growth expected to decelerate over the second half of the year due to a surge of infections since July 2021, resulting in the government tightening restrictions. Growth will continue to be supported by government plans to attract foreign investment, revive the tourism industry, develop affordable housing and increase investment on transport and renewable energy infrastructure. In the short term, however, the emergence of the third wave of COVID-19 will hinder construction activities. According to the World Bank, if the government's objective to vaccinate 70% of the population were to be delayed, then domestic mobility, consumption and tourism would be significantly affected.

Over the remainder of the forecast period, the industry is expected to register an average annual growth of 4% between 2022 and 2025, supported by improving investor and consumer confidence and government investments on road, rail, renewable energy and housing projects. Further supporting growth will be investment in both the Southern (SEC) and Eastern Economic Corridor (EEC) programmes. The value of approved developments in the EEC totals THB669 billion (US$20.7 billion), with four of the corridor's six flagship projects currently in execution, and being developed through Public-Private Partnerships (PPP). Despite the economic disruption, the government remains hopeful private investment in the EEC will reach THB300 billion (US$9.2 billion) this year or next and rise to an average of THB500 billion (US$15.3 billion) annually between 2023 and 2027. In the SEC, the government plans to invest THB106.8 billion (US$3.4 billion) towards the development of 116 projects between 2019 and 2022.

GlobalData's Construction in Thailand - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Thailand's construction industry, including -

• Thailand's construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Thailand's construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Thailand. It provides -

• Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Thailand, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

• 3.1 Economic Performance
• 3.2 Political Environment and Policy
• 3.3 Demographics
• 3.4 COVID-19 Status
• 3.5 Risk Profile

4 Construction Outlook

• 4.1 All Construction
• Outlook
• Latest news and developments
• Construction Projects Momentum Index
• 4.2 Commercial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.3 Industrial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.4 Infrastructure Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.5 Energy and Utilities Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.6 Institutional Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.7 Residential Construction
• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

• 5.1 Contractors
• 5.2 Consultants

6 Construction Market Data

7 Appendix

• 7.1 What is this Report About?
• 7.2 Definitions
• 7.3 CRI Methodology
• 7.4 GlobalData Construction
• Contact Us