This analyst forecast the construction market in Thailand to grow at a CAGR of 7.99% during the period 2018-2022. One trend in the market is growth in prefab constructions.
Prefabricated construction involves the assembly of the components or units of a building structure, which are manufactured in a controlled facility and then transported to the construction site.
It refers to any building or structure, whose sections have been manufactured under factory conditions, and then assembled at the construction site to create the complete house, buildings or structure.
Major key players in the construction market in Thailand: ITALIAN-THAI DEVELOPMENT, CH. Karnchang, TTCL Public Company, Sino -Thai Engineering & Construction, Unique Construction and Engineering, and STP&I.
According to the construction market report, one driver in the market is rising investment in public infrastructure projects. The Thai government has been heavily investing in public infrastructure development projects in the recent years, which is expected to remain one of the major factors driving growth in the country’s construction market.
Further, the construction market report states that one challenge in the market is construction labor and materials shortage. Thailand’s construction market is heavily dependent on foreign labor and material imports to run the industry.
But, the country is currently facing challenges due to a shortage of manual labor and supply of construction materials, which may hinder the future growth in the construction market.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1317628.
Few points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global construction market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Construction market in Thailand Market size and forecast 2017-2022 ($ bn)
Exhibit 9: Regional change in population by 2050 when compared with 2015 (in %)
Exhibit 10: Global Year over year growth 2018-2022 (%)
Exhibit 11: Thailand historical GDP and forecast 2013-2022 ($ billions)
Exhibit 12: Five forces analysis 2017
Exhibit 13: Five forces analysis 2022
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2017
Exhibit 20: Customer landscape