The Thai construction industry suffered a double blow in the review period, firstly from the global economic crisis in 2008–2009 and then from the record breaking floods in 2011, with activity levels declining by 5.3% in 2008 and 2.3% in 2011. The industry recorded a quick recovery in 2012, registering a growth of 7.6%. The construction industry is expected to continue to progress at a steady pace over the forecast period and register a CAGR of 6.67%. Growth in the industry will be largely supported by measures initiated by the government to develop the industry, with an intention to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015.

1. Construction in Thailand - Key Trends and Opportunities to 2017
Synopsis
This report provides detailed market analysis, information and insights into the Thai construction market,
including:
The Thai construction market’s growth prospects by sector, 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 market Assessment of the competitive forces facing the construction industry in
Thailand and profiles of the leading players Data highlights of the largest construction projects in Thailand
Executive summary
The Thai construction industry suffered a double blow in the review period, firstly from the global economic
crisis in 2008–2009 and then from the record breaking floods in 2011, with activity levels declining by
5.3% in 2008 and 2.3% in 2011. The industry recorded a quick recovery in 2012, registering a growth of 7.6%.
The construction industry is expected to continue to progress at a steady pace over the forecast period and
register a CAGR of 6.67%. Growth in the industry will be largely supported by measures initiated by the
government to develop the industry, with an intention to become the regional hub of the proposed ASEAN
Economic Council (AEC) in 2015.
Thailand is no longer regarded as a low-cost manufacturing hub, but it remains a key player in the region in
various sectors, such as automotive and high-tech manufacturing. Growth will also be supported by the
introduction of Real Estate Investment Trust's (REIT), the need to set up special care centers for the rapidly
aging population and the rising attractiveness of Thailand as a preferred destination for tourists from across the
world, with purposes spanning leisure, business and medical care activities.
Scope
This report provides a comprehensive analysis of the construction industry in Thailand:
Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Thailand using the
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 Assessment of the competitive environment using Porter’s Five
Forces Detailed profiles of the leading construction companies in Thailand
Key highlights
Thailand’s economy grew by 6.4% on an annual basis in 2012, up from just 0.1% growth in 2011 as
severe floods late in the year resulted in a sharp 8.9% annual contraction in GDP in the fourth quarter. The
expansion in 2012 was mainly driven by private consumption, which accounts for around 55% of total GDP
and grew by 6.6% in 2012. Thailand’s economic growth is not expected to sustain the rapid annual
pace recorded in 2012, as the flood-induced low base of comparison effect ebbs away. However, the economy
is still anticipated to grow at a healthy rate in the forecast period. The increase in the national daily minimum
wage to THB300 will support private consumption, while export growth is likely to regain momentum once
the global economic perspective turns positive in the near future. Gross fixed investment will be boosted by
Construction in Thailand - Key Trends and Opportunities to 2017

2. government-led infrastructure projects such as high-speed railways. Consumer price inflation recorded an
annual rate of 3% in 2012, down from 3.8% in 2011. However, the rate of inflation is expected to pick up due
to the rise of the national minimum wage of THB300 in early 2013, as well as a faster pace of economic
expansion. The formation of the ASEAN Economic Community (AEC), with an objective to create a common
production base and market for all the ASEAN countries by 2015, represents a huge opportunity for different
companies in the construction industry, as the market would serve around 600 million people from the region.
The proposed AEC is expected to facilitate free flow of goods, services, labor and investment in the ASEAN
region. The AEC would benefit Thailand’s construction industry tremendously as several industrial,
commercial and residential projects would be taken up to cater for the needs of the huge single market. There
is a need to increase electricity generation capacity in Thailand due to a significant rise in demand. The
government has initiated measures to increase electricity generation capacity twofold; to take the figure to 70
GW by 2030. The need to match generation capacity with rising demand is expected to drive growth in energy
infrastructure.
Reasons to buy
Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level via 600+ time series data forecasts Understand the latest
industry and market trends Formulate and validate business strategies by leveraging our critical and actionable
insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk
and success factors
table Of Contents
1 Executive Summary
2 Market Overview
2.1 The Domestic Economy
2.2 Key Trends And Issues
2.3 Key Construction Indicators
2.4 Benchmarking By Market Size And Growth
2.5 Price Dynamics
2.5.1 Salaries
2.5.2 Equipment
2.5.3 Materials
2.5.4 Energy
2.6 Porters Five Forces Analysis
2.6.1 Bargaining Power Of Suppliers – Medium
2.6.2 Bargaining Power Of Buyers – High
2.6.3 Barriers To Entry – Low
2.6.4 Intensity Of Rivalry – Medium
2.6.5 Threat Of Substitution – Low
2.7 Demographic Profile
Construction in Thailand - Key Trends and Opportunities to 2017

3. 3 Commercial Construction
3.1 Performance Outlook
3.2 Key Drivers And Issues
3.3 Data And Projects Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Drivers And Issues
4.3 Data And Projects Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Drivers And Issues
5.3 Data And Projects Highlights
6 Institutional Construction
6.1 Performance Outlook
6.2 Key Drivers And Issues
6.3 Data And Projects Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Drivers And Issues
7.3 Data And Projects Highlights
8 Company Profile: Italian-thai Development Public Co Ltd
8.1 Italian-thai Development Public Co Ltd – Company Overview
8.2 Italian-thai Development Public Co Ltd – Main Products And Services
8.3 Italian-thai Development Public Co Ltd – Company Information
8.3.1 Italian-thai Development Public Co Ltd – Key Competitors
8.3.2 Italian-thai Development Public Co Ltd – Key Employees
9 Company Profile: Pruksa Real Estate Public Company Ltd
9.1 Pruksa Real Estate Public Company Ltd – Company Overview
9.2 Pruksa Real Estate Public Company Ltd – Main Services
Construction in Thailand - Key Trends and Opportunities to 2017

4. 9.3 Pruksa Real Estate Public Company Ltd – Company Information
9.3.1 Pruksa Real Estate Public Company Ltd – Key Competitors
9.3.2 Pruksa Real Estate Public Company Ltd – Key Employees
10 Company Profile: Sansiri Public Company Ltd
10.1 Sansiri Public Company Ltd – Company Overview
10.2 Sansiri Public Company Ltd – Main Services
10.3 Sansiri Public Company Ltd – Company Information
10.3.1 Sansiri Public Company Ltd – Key Competitors
10.3.2 Sansiri Public Company Ltd – Key Employees
11 Company Profile: Land And Houses Public Company Ltd
11.1 Land And Houses Public Company Ltd – Company Overview
11.2 Land And Houses Public Company Ltd – Main Services
11.3 Land And Houses Public Company Ltd – Company Information
11.3.1 Land And Houses Public Company Ltd – Key Competitors
11.3.2 Land And Houses Public Company Ltd – Key Employees
12 Company Profile: Sino-thai Engineering & Construction Public Company Ltd
12.1 Sino-thai Engineering & Construction Public Company Ltd – Company Overview
12.2 Sino-thai Engineering & Construction Public Company Ltd – Main Services
12.3 Sino-thai Engineering & Construction Public Company Ltd – Company Information
12.3.1 Sino-thai Engineering & Construction Public Company Ltd – Key Competitors
12.3.2 Sino-thai Engineering & Construction Public Company Ltd – Key Employees
13 Market Data Analysis
13.1 Construction Output And Value-add
13.1.1 Construction Output By Project Type
13.1.2 Construction Output By Cost Type
13.1.3 Construction Output By Activity Type
13.1.4 Construction Value-add By Project Type
13.2 Commercial Construction
13.2.1 Commercial Construction Output By Project Type
13.2.2 Commercial Construction Output By Cost Type
13.2.3 Commercial Construction Output By Activity Type
13.2.4 Commercial Construction Value-add By Project Type
13.3 Industrial Construction
13.3.1 Industrial Construction Output By Project Type
13.3.2 Industrial Construction Output By Cost Type
Construction in Thailand - Key Trends and Opportunities to 2017

5. 13.3.3 Industrial Construction Output By Activity Type
13.3.4 Industrial Construction Value-add By Project Type
13.4 Infrastructure Construction
13.4.1 Infrastructure Construction Output By Project Type
13.4.2 Infrastructure Construction Output By Cost Type
13.4.3 Infrastructure Construction Output By Activity Type
13.4.4 Infrastructure Construction Value-add By Project Type
13.5 Institutional Construction
13.5.1 Institutional Construction Output By Project Type
13.5.2 Institutional Construction Output By Cost Type
13.5.3 Institutional Construction Output By Activity Type
13.5.4 Institutional Construction Value-add By Project Type
13.6 Residential Construction
13.6.1 Residential Construction Output By Project Type
13.6.2 Residential Construction Output By Cost Type
13.6.3 Residential Construction Output By Activity Type
13.6.4 Residential Construction Value-add By Project Type
14 Appendix
14.1 What Is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric’s Services
14.7.1 Core Capabilities Include:
14.8 Disclaimer
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Construction in Thailand - Key Trends and Opportunities to 2017