BMI's Executive Summary

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Thailand is home to a fast-expanding infrastructure sector – dominated primarily by small and mediumsized players. In 2006, the Kingdom's construction industry grew 4.01% year-on-year (y-o-y) on the back of state efforts to improve transport and tourism infrastructure. This report forecasts the industry to average an annual growth rate of 5.52% over the 2008-2012 forecast period.

Several large infrastructure projects are currently underway or have been planned for the near future. These include hotel and resort constructions, roadways and a marine pipeline to transport natural gas from Myanmar. Furthermore, the Thai government has in place a US$14bn transport infrastructure plan spread over the next 28 years – primary among these being the mass-transit electric rail lines under the Mass Rapid Transit Authority (MRTA) of Thailand and the US$645mn Saraburi-Nakhon Ratchasima motorway project.

However, Thailand faces its share of structural risks. Slips in economic growth in any of its key trading partners as well as flaring oil prices pose substantial threats to its domestic economy. On the industry front, there has been a fall in the demand for housing in tandem with a dip in the Consumer Confidence Index. Other intrinsic weaknesses that characterise the Thai construction industry include widespread corruption alongside an acute shortage of skilled labour. A slowdown in the local tourism industry is making its impact felt on the construction industry. Another major challenge is Chinese products which are posing stiff competition to local producers of construction material.

Risks notwithstanding, BMI forecasts indicate that the Thai construction industry will grow in value from an estimated US$6.92bn in 2008 to US$7.80bn in 2012.

Chapter 1 - Executive Summary

Industry Trends And Developments

Market Overview

Thailand’s Economy In 2005-2006

Thailand’s Construction Industry In 2005-2006

Major Companies

Some Investment Initiatives

Chapter 2 - Key Projects

Transport

Utilities

Tourism

Residential And Commercial Construction

Table: Thailand – Major Infrastructure Projects

Chapter 3 - Business Environment Ranking

Introduction

Table: Asia Business Attractiveness Rankings

Business Attractiveness Rankings – Methodology

Regional Overview

Thailand: Business Environment Ranking

Economics – Long-Term Risk

Politics – Long-Term Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 - SWOT Analysis

Thailand Infrastructure Industry SWOT

Thailand Economic SWOT

Thailand Political SWOT

Thailand Business Environment SWOT

Chapter 5 - Industry Forecast Scenario

Table: Industry Forecast Data

Table: Industry Forecast Data (continued)

Risks

Chapter 6 - Macroeconomic Outlook

Table: Thailand – Macroeconomic Data And Forecasts

Chapter 7 - Country Snapshot: Thailand Demographic Data

Section 1: Population:

Demographic Indicators (2005)

Rural/Urban Breakdown

Section 2: Education & Healthcare

Education

Healthcare: Vital Statistics

Healthcare: Expenditure

Section 3: Labour Market And Spending Power

Employment Indicators

Consumption And Stratification

Wages Per Year

Chapter 8 - Competitive Landscape

Table: Key Players

Chapter 9 - Company Monitor

Siam Cement Group

Italian-Thai Development Public Company

Ch Karnchang Public Company

Sino-Thai Engineering (Stecon)

Nawarat Patanakarn Public Company

Chapter 10 - BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Chapter 11 - Appendix: Regional Demographic Data

Manufacturing Wages (ave per annum), US$

Population

Household Spending Per Capita, US$

Private Consumption Per Capita, US$ PPP

Market Size, GDP, US$bn

Competitive Landscape for Asia Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Asian Infrastructure Sources

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BMI's Asian Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, infrastructure industry associations, chambers of commerce and company reports. Information sources include: