Albany, NY -- (SBWIRE) -- 07/23/2015 -- About Construction in Thailand

The government of Thailand is working toward improving the infrastructure in the country. Keeping that in mind, the government is investing heavily in upgrade and development of the same. The government has allocated nearly $100 billion for the on-going infrastructure development plan (2014-2021). The plan includes overhauling the country's aging rail system, Bangkoks light rail, and ports. The plan also includes funding for high-speed rail lines to connect Thailand, China, and some neighbouring countries. The government also plans to invest in expanding dual-track rail lines.

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Technavio's analysts forecast the construction market in Thailand to grow at a CAGR of 9.15% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the construction market in Thailand for the period 2015-2019. To calculate the market size, the report considers the construction market revenue as a part of the GDP. The performance of the construction market in Thailand is forecast with the help of the predicted CAGR, after analysis of the present condition of the market. The report presents a detailed analysis of the key vendors. In addition, it discusses the major drivers that influence growth, the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Vendors

DCM Solutions
ITD
K-Tech
SMCC

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Other Prominent Vendors

CDC
CH. Karnchang

Market Driver

Development of Infrastructure Sector
For a full, detailed list, view our report

Market Challenge

Shortage of Skilled Labor
For a full, detailed list, view our report

Market Trend

Domination of Local Construction Companies
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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