Thailand Construction Industry Report 2024: Output to Decline by 2.4% in Real Terms This Year Due to Reduction in Investor and Consumer Confidence Amid High Interest Rates and Costs - Forecast to 2028 - ResearchAndMarkets.com

The "Thailand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.

Construction industry in Thailand to decline further by 2.4% in real terms in 2024, owing to a reduction in investor and consumer confidence, amid high interest rates, and construction costs.

According to the National Economic and Social Development Council (NESDC), the construction industry's value add fell by 5.5% year on year (YoY) in Q2 and 17.3% YoY in Q1 2024. However, improvement in tourism activities and expenditure of THB3.5 trillion ($101.7 billion) under the financial year (FY) 2024 Budget (October 2023 to September 2024) will support the construction industry's output in 2024.

Growth over the forecast period will be supported by the National Energy Plan 2024, set to launch in September 2024, which involves the construction of 600MW nuclear plants and capping electricity costs at under THB4 ($116.3) per unit. The plan aims to ensure energy stability, achieve net-zero emissions by 2065, and align with global regulations.

The new plan is expected to incorporate five key energy-related plans, including the Power Development Plan (PDP) and Alternative Energy Development Plan (AEDP). The PDP 2024 will focus on enhancing energy security, reducing environmental impact, and maintaining power stability. The plan also aims to increase the share of renewable energy to 51% by 2037.

Scope

• Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Thailand, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the analyst'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 strategy using the analyst's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

• Outlook
• Latest news and developments
• Construction Projects Momentum Index

4.2 Commercial Construction

• Outlook
• Project analytics
• Latest news and developments

4.3 Industrial Construction

• Outlook
• Project analytics
• Latest news and developments

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/fctzyo

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View source version on businesswire.com: https://www.businesswire.com/news/home/20241106408439/en/