Summary
Construction in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The Thai Construction industry recorded revenues of $24.0 billion in 2024, representing a negative compound annual growth rate (CAGR) of 1.3% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $15.3 billion, equivalent to 63.7% of the industry's overall value.
- The growth of the Thai Construction industry in 2024 was driven by increased urban development in key cities such as Bangkok, Chiang Mai, and Chonburi, driven by population inflows, rising urbanization, and infrastructure modernization needs.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the construction market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Thailand
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand construction market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Thailand construction market by value in 2024?
- What will be the size of the Thailand construction market in 2029?
- What factors are affecting the strength of competition in the Thailand construction market?
- How has the market performed over the last five years?
- How large is Thailand’s construction market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Italian-Thai Development PCL
8.2. Sino-Thai Engineering & Construction Public Co Ltd
8.3. Unique Engineering and Construction Public Co Ltd
8.4. CH. Karnchang Pcl
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Thailand construction industry value: $ million, 2019-24
Table 2: Thailand construction industry category segmentation: % share, by value, 2019-24
Table 3: Thailand construction industry category segmentation: $ million, 2019-24
Table 4: Thailand construction industry geography segmentation: $ million, 2024
Table 5: Thailand construction industry value forecast: $ million, 2024-29
Table 6: Italian-Thai Development PCL: Key Facts
Table 7: Italian-Thai Development PCL: Annual Financial Ratios
Table 8: Italian-Thai Development PCL: Key Employees
Table 9: Sino-Thai Engineering & Construction Public Co Ltd: Key Facts
Table 10: Sino-Thai Engineering & Construction Public Co Ltd: Key Employees
Table 11: Sino-Thai Engineering & Construction Public Co Ltd: Key Employees Continued
Table 12: Unique Engineering and Construction Public Co Ltd: Key Facts
Table 13: Unique Engineering and Construction Public Co Ltd: Annual Financial Ratios
Table 14: Unique Engineering and Construction Public Co Ltd: Key Employees
Table 15: CH. Karnchang Pcl: Key Facts
Table 16: CH. Karnchang Pcl: Annual Financial Ratios
Table 17: CH. Karnchang Pcl: Key Employees
Table 18: Thailand Size of Population (Million), 2020-24
Table 19: Thailand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Thailand GDP (Current Prices, $ Billion), 2020-24
Table 21: Thailand Inflation, 2020-24
Table 22: Thailand Consumer Price Index (Absolute), 2020-24
Table 23: Thailand Exchange Rate, 2019-24
List of Figures
Figure 1: Thailand construction industry value: $ million, 2019-24
Figure 2: Thailand construction industry category segmentation: $ million, 2019-24
Figure 3: Thailand construction industry geography segmentation: % share, by value, 2024
Figure 4: Thailand construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in Thailand, 2024
Figure 6: Drivers of buyer power in the construction industry in Thailand, 2024
Figure 7: Drivers of supplier power in the construction industry in Thailand, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Thailand, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in Thailand, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in Thailand, 2024
