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(Construction.IndustryNews247.Com, July 20, 2017 ) In real terms, the Thai construction industry is set to perform better over the forecast period (2016-2020) compared to the review period (2011-2015). The industry's forecast-period growth will be driven by public and private sector investments in infrastructure, energy, commercial and residential construction projects.
Growth will also be driven by the country's development program over 2016-2022, under which the government aims to develop the country's transport infrastructure.
According to the Office of the National Economic and Social Development Board (NESDB), the country's gross fixed capital formation in the construction industry grew by 16.4% in 2015 compared to 2014.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 6.57% over the forecast period; up from 4.66% during the review period.
For more information http://www.reportsweb.com/construction-in-thailand-key-trends-and-opportunities-to-2020
There are certain challenges associated with the Thai construction industry outlook. The shortage of a skilled labor force, poor contractor management, fragile political situation, and limited funding are expected to affect the growth prospects of the Thai construction industry. Moreover, the death of King Bhumibol Adulyadej in October 2016 is likely to pose a few threats to the country's macroeconomic stability.
Report Summary
Publisher's Construction in Thailand, Key Trends and Opportunities to 2020 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 construction activity - Analysis of equipment, material and service costs for each project type in 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
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001509161/sample .
Report Scope
This report provides a comprehensive analysis of the construction industry in Thailand. It provides: - Historical (2011-2015) and forecast (2016-2020) 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 Make an enquiry: http://www.reportsweb.com/inquiry&RW0001509161/buying
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Source: EmailWire.Com
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