Thailand's construction industry will grow by 2.1% in real terms in 2018, 5.0% in 2019 and at an annual average of 4.3% between 2018 and 2027. Though Thailand continues to have a positive growth outlook for its construction industry, this is considerably slower than growth in the construction sectors of less-developed emerging markets in South East Asia. The military government continues to pursue infrastructure development, partly as a way to stimulate overall economic growth. Positive progress has been made through the first half of 2018, with large-scale rail and airport projects receiving approvals and official support. We have previously highlighted that the military's continued involvement in government, regardless of the results of upcoming elections, will be positive for infrastructure development continuity.

Key View

SWOT

Infrastructure SWOT

Industry Forecast

Construction & Infrastructure Forecast Scenario 

Transport Infrastructure

Energy & Utilities Infrastructure

Residential/Non-Residential Building

Industry Risk/Reward Index

Thailand Infrastructure Risk/Reward Index 

Asia Infrastructure Risk/Reward Index

Competitive Landscape

Competitve Landscape

Company Profile

CH Karnchang

Siam Cement

Italian-Thai Development

Infrastructure Methodology