Albany, NY -- (ReleaseWire) -- 07/15/2014 -- Synopsis
This report provides detailed market analysis, information and insights into the Thai construction industry, including:
The Thai construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Thailand
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Thai construction industry
Profiles of the leading operators in the Thai construction industry.
Data highlights of the largest construction projects in Thailand
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The Thai construction industry registered a compound annual growth rate (CAGR) of 6.03% during the review period (2009–2013). This growth was supported by public and private investments in Thai residential, infrastructural and commercial construction projects. The introduction of Real Estate Investment Trust (REIT) in January 2013 also helped to boost the country’s construction activities. Political and social uncertainties are expected to lead to comparatively moderate growth rates over the forecast period (2014?2018) when compared with the review period. The construction industry’s output is expected to grow at a forecast-period CAGR of 3.19%, supported by the government investments in infrastructure development, with an aim to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015.
This report provides a comprehensive analysis of the construction industry in Thailand. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Thailand using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Thailand
Reasons to buy
Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
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Political protests in Bangkok, the country’s capital, started at the end of 2013 and continued into the first quarter of 2014 – these have had a negative impact on the country’s construction industry. According to the Office of the National Economic and Social Development Board, the construction industry’s value add at constant prices declined by 12.4%, from THB26.2 billion (US$852.8 million) in the first quarter of 2013 to THB22.9 billion (US$727.1 million) in the first quarter of 2014. In real value-add terms, the industry contracted by 8.5% annually in the fourth quarter of 2013, following a decline of 2.2% in the third quarter of 2013. During the first quarter of 2014, total private investments in construction declined by 7.8% from the same period in 2013, and by 4.6% during the fourth quarter of 2013. In addition, total public investments declined by 17.1% in the first quarter of 2014 and by 13.2% in the fourth quarter of 2013. Owing to political and social turbulence and deterioration in the business environment, the construction industry is expected to remain weak in the short term. However, the total outlook for construction in Thailand over the forecast period remains positive.
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