Thailand construction industry on the road to recovery

The 2008-2009 recession, coupled with record-breaking floods in 2011, hit the construction industry hard. But in 2012, the national industry underwent active recovery and registered growth by over 7.5% year over year.

A report prepared by Timetric provides an extensive overview of the Thai construction industry. The report, “Construction in Thailand - Key Trends and Opportunities to 2017” offers in-depth insights into the market performance and includes comprehensive market analysis by each sector, project type and type of construction. The report also describes predominant development trends as well as identifies the market drivers, limiters, opportunities and challenges. This year, it shows that the market is continuing to grow after the 2011 disasters.

The report estimates that the Thai construction market is likely to grow at a 6.6% rate each year through 2017, driven mainly by the favourable governmental regulations, increasing need to establish special care centers and enhancing attractiveness of the country as a tourists destination.

The research report contains both past and present data on the industry performance and delves into the competitive environment and puts the spotlight on the largest Thai construction projects. In addition, the report outlines future growth prospects for the market through 2017.