The number of public infrastructure development projects is increasing in Thailand due to the rising investments from the Thai government. The government has allocated funds for public projects that include shipping ports, railways, public roads and highways, and airports. According to Technavio's research analysis on the construction market in Thailand, the rising investment in public infrastructure projects will be one of the major factors that will have a positive impact on the market's growth in the coming years. The country is not only investing in power and telecom projects but also the transportation. For instance, the government is focusing on enhancing the regional connectivity and competitive advantage by implementing transport infrastructure development master plan 2015-2022. Our market research analysts have predicted that this market will register a CAGR of close to 8% by 2022.
Prefabricated construction methods are continually gaining momentum in Thailand. The prefabricated constructions include both modular and panelized assemblies. The shorter construction durations and reduced labor advantages of these construction techniques is driving its demand over on-site constructions in Thailand. The adoption of these techniques enables construction workers to either construct permanent or relocatable components or units of a building and construction structure. The growth in prefab constructions is identified as one of the key trends that will gain traction in the construction market in Thailand during the estimated period.
The construction market in Thailand appears to be concentrated. This industry research report offers information about the competitive environment among the players in the marketspace and also offers an analysis of the companies and their products. Additionally, the report also offers information about the key areas Thailand builders are currently focusing on and the strategies they follow to sustain the competition.
This research report provides an analysis of the various companies in this market including -
TTCL Public Company
Sino -Thai Engineering & Construction
Unique Construction and Engineering
Segmentation by source of investment and analysis of the construction market in Thailand
The public construction segment accounted for the majority shares of the construction market in Thailand during 2017. According to this market research report, this segment will offer maximum growth opportunities to the players in this market throughout the predicted period.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the construction market in Thailand?
What are the key market trends impacting the growth of the construction market in Thailand?
What are the challenges to market growth?
Who are the key vendors in the construction market in Thailand?
What are the market opportunities and threats faced by the vendors in the construction market in Thailand?
What are the trending factors influencing the market shares of Thailand?
What are the key outcomes of the five forces analysis of the construction market in Thailand?
Technavio also offers customization on reports based on specific client requirement.
Technavio? s prior market research on the construction market in Thailand has discussed the various initiatives taken by the government of Thailand to improve the infrastructure of the country. Nevertheless, the updated version of the construction market in Thailand is focused on providing market intelligence on the changing behavior of consumers within the market in focus. According to our market research analysts, there has been a drastic increase in the construction activities in Thailand which includes funding for high-speed rail lines to connect Thailand, China, and some neighboring countries. The primary reason for increased construction activity in Thailand is the rise in massive investment plans by the government of Thailand. This increase in construction activity is anticipated to impact the market significantly during the next few years.
To, provide a clear understanding of niche markets globally, this market research report on the construction market in Thailand plans to present a detailed analysis of multiple segments and their market evaluation within the construction market. To better examine the market dynamics, market analysts at Technavio bifurcated the construction market in Thailand into several parts which may include segments by application, technology, and end-user.
In terms of geography, this market research report aims at providing in-depth market intelligence for Thailand including the changes in the demand-supply shifts. Technavio? s market research report also supports client a competitive advantage by giving insights on the numerous products and services offered by vendors operating in this market space.
Apart from taking into account several factors directly influencing the growth of the construction market in Thailand, this research report also considers the growth of similar markets such as the global dry construction market, which is projected to grow at a CAGR of around 6% during the forecast period.