Construction in thailand key trends and opportunities to 2019

Construction in Thailand - Key Trends and Opportunities to 2019 Published By :MarketResearchReports.biz MarketResearchReports.Biz announces addition of new report “ Construction in Thailand - Key Trends and Opportunities to 2019 ” to its database.

Description In real terms, the Thai construction industry’s output value recorded a compound annual growth rate (CAGR) of -0.23% during the review period (2010–2014). This was due to political and social uncertainty. However, the industry is expected to post a forecast-period (2015–2019) CAGR of 2.79% supported by economic expansion, government investment in public infrastructure and the country’s housing demand.

Stabilizing political and economic conditions, new investments in residential, infrastructure and commercial construction projects, and improvements in investor confidence are also expected to support the industry over the forecast period.

Summary Timetric’s Construction in Thailand – Key Trends and Opportunities to 2019 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 Download Full Version PDF report at: http://www.marketresearchreports.biz/sample/sample/458647 Scope This report provides a comprehensive analysis of the construction industry in Thailand. It provides: Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Thailand using construction output and value-add methods Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 Timetric's 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 Key Highlights Thailand is one of the most promising destinations for medical tourism in the Asia-Pacific.

Tourists from the US, Canada, the UK and other European countries visit to access medical treatment at a lower cost than in their home country. The Thai government aims to establish the country as a medical hub in Asia in four major areas: medical treatment, health promotion, traditional Thai medicine and alternative medicine, and health products. In 2012, the health ministry implemented a policy with the aim to increase the medical tourism revenue in the country. Under the policy, the government aims to increase the revenue from by 2019.

Despite political unrest and an increase in rental prices, the demand for office space has grown.

According to the National Statistical Office (NSO), the permitted construction floor area for commercial and office buildings increased from 2.71 million m2 during the first quarter of 2014 to 2.74 million m2 for the same period in 2015. This demand provides an opportunity for investors and supports growth in investment in the commercial construction market. NSO expects a total of 450,000m2 of new office space to be added to the market between 2014 and 2016.

Thailand is investing heavily in the development of rail infrastructure, and has launched several mass transit routes. Projects currently under construction are the Sukhumvit Line (Green Line) extension, which includes the expansion of the Green Line from Mo Chit to KhuKhot and from Bearing to Samutprakarn; and the 23km-long Purple Line mass rapid heavy rail project, which will connect Tao Bang Yai with Tao Poon in Bang Sue. The Bearing-Samutprakarn Green Line extension project is expected to be completed in 2017, while the Mo Chit-KhuKhot Green Line extension project is expected to be completed in 2018–2019.

According to Airports of Thailand (AoT), the total air passenger flow increased by 25.4%, from the first half of 2014 to the same period in 2015. To cope with the increasing demand for air travel from both domestic and international passengers, the government is focusing on developing its airport infrastructure. Accordingly, three international airports in Bangkok and Phuket are now being upgraded. AoT is also planning to expand Chiang Rai, Songkhla and Chiang Mai airports to handle the growing number of air passengers. The second phase of expansion at Suvarnabhumi airport is underway, and is expected to be completed by 2017. The expansion will increase the airport’s capacity from 45.0 million passengers in 2013 to 60.0 million by 2017.

Growth in retail industry is expected to support the construction of the retail building category over the forecast period. The retail sales are expected to increase with the increasing disposable income, tourist arrivals and rise of the middle income group. With a population of over 68.2 million, Thailand has a large consumer base, and its retail industry has the potential to expand. In May 2014, The Mall Group (TMG), a Thai mall developer, announced its plan to construct the Bangkok Mall on Bang Na-Trat Rd and the resort mall Blu Pearl in Phuket. Moreover, TMG is also planning to

construct a shopping complex in Bangkok, with an anticipated investment of THB6.7 billion (US$218.0 million), and is expected to be completed in 2016.

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