Market Research Report
Construction in Thailand - Key Trends and Opportunities to 2021
|Published by||Timetric||Product code||345398|
|Published||Content info||81 Pages
|Construction in Thailand - Key Trends and Opportunities to 2021|
|Published: November 23, 2017||Content info: 81 Pages||
In real terms, the Thai construction industry registered a review-period (2012-2016) compound annual growth rate (CAGR) of 5.40%. Growth during the review period was supported by the Infrastructure Development Plan 2012-2016, under which the government invested THB2.3 trillion (US$74.0 billion) on the construction of energy, transport, telecommunication and other public infrastructure.
The industry is expected to expand at a relatively slow pace over the forecast period (2017-2021), rising by a CAGR of 1.57% in real terms, owing to political uncertainties and rising labor shortage, which is expected to hamper the flow of private sector investment into construction projects.
Although the probable persistence of political uncertainties and labor shortages have been hampering growth throughout 2017, the industry is expected to pick up during the latter part of the forecast period, driven by the government's plan to develop transport, residential and energy infrastructure.
Timetric's Construction in Thailand - Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Thai construction industry, including:
This report provides a comprehensive analysis of the construction industry in Thailand. It provides: