The Thailand Construction Market Report is Segmented by Sector (Residential, Commercial And, Infrastructure), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site Construction and More), by Investment Source (Private and Public), and by City (Bangkok, Chiang Mai, Phuket, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

In 2024, the construction industry's investment value for the public sector in Thailand amounted to around *** billion Thai baht. The total construction investment value amounted to nearly *** trillion Thai baht in the same year. Although the construction industry in the country has been severely interrupted by the COVID-19 pandemic in the past years, resulting in temporary shutdowns of construction sites, the industry still has great potential for growth in the future. The Thai economy and the construction industry The construction sector plays a major role in the country’s economy, since it also serves as the basis of growth for other sectors. The GDP from the construction sector has increased throughout the years, signaling the sector’s rising importance. Since the number of permitted construction units has increased in recent years, this contributes to the expansion of both, commercial and residential construction and real estate markets in Thailand. The development of the construction industry The construction industry’s growth has been partly influenced by the demand for residential living units. Furthermore, there has been more construction for shopping malls and restaurants in the country to satisfy consumer needs. The higher demand for living units has also led to an increase in greater supply of condominiums, especially in Bangkok and its peripheral areas. Currently, the Thai government is aiming to shape some areas into special economic zones focused towards industrial growth. This policy is the potential driving force of a greater growth in construction in the country.

In 2024, the Thailand Construction Market reached $106.77 Bn, and is projected to surge to $182.41 Bn by 2030 due to surge in infrastructure investment

The Thailand construction market, valued at 26.68 billion USD in 2025, is projected for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5.00% from 2025 to 2033. This expansion is driven by several key factors. Firstly, sustained infrastructure development, particularly in transportation networks and energy projects, fuels significant demand for construction services. Secondly, a growing population and increasing urbanization are driving the residential construction segment. The commercial sector also contributes considerably, fueled by expanding businesses and tourism. Finally, government initiatives promoting sustainable construction practices and technological advancements in building materials and techniques further stimulate market growth. While challenges exist, such as potential material cost fluctuations and labor shortages, the overall outlook remains positive. However, the market faces some headwinds. These include potential fluctuations in raw material prices, which can impact project costs and profitability. Furthermore, a shortage of skilled labor could hinder project completion timelines and overall market expansion. Nevertheless, ongoing government investments in infrastructure and the continued growth of key economic sectors like tourism and manufacturing are expected to mitigate these challenges. The market segmentation reveals substantial opportunities across residential, commercial, industrial, infrastructure (transportation), and energy & utilities sectors. Furthermore, both new construction and renovation/alteration projects contribute significantly to the overall market size. Key players like Italian-Thai Development, SCG International, and Siam Global House are well-positioned to capitalize on these opportunities. The market's diverse segments and positive long-term projections suggest strong investment potential in the coming years. Recent developments include: September 2023: Ch. Karnchang (CK) has signed as the Contractor in the Construction Contract for Thonburi Wastewater Collection System and Wastewater Treatment System, Contract 1 Construction of Thonburi Wastewater Treatment System and a public park at Bang Khun Non-Subdistrict, Bangkok Noi District, Bangkok with Bangkok Metropolitan Administration., August 2023: Ch. Karnchang (CK) has signed as the Contractor in the Contract for the Construction of Highway No.118, Chiangmai - Chiang Rai Route, Mae Suai District Section - converge to Highway No.1, Section 3 between km. 154+000.000 - km. 158+472.000 for approximately 4.472 kilometers, including the installation of electricity and lighting and highway flashing lights, Mae Lao District, Chiang RaiProvincewith the Department of Highways., August 2023: The Thai Tokai Carbon Product Co. Ltd. (TCP) held a groundbreaking ceremony for the TCP New Facility Project of the Kingdom of Thailand on August 2023 in the presence of top management of The Thai Tokai Carbon Product Co. Ltd. (TCP) and Tokai Carbon Co., Ltd. Japan, Contractors, the Governor of Rayong Province, and other Local Authorities. The New Facility Project is constructed in LK Rubber Industrial City Hub in Rayong Province in Thailand and produce carbon black with a capacity of 180 thousand ton per annum. The new plant will be equipped with the latest technologies to achieve higher productivity and quality that will reduce the environmental impact.. Key drivers for this market are: Thailand was emphasizing renewable energy projects and sustainable construction practices, Thai government was investing in various infrastructure projects to improve connectivity, transportation. Potential restraints include: Thailand was emphasizing renewable energy projects and sustainable construction practices, Thai government was investing in various infrastructure projects to improve connectivity, transportation. Notable trends are: Increase in road infrastructure projects.

Thailand Data Center Construction Market Report Segments the Industry Into Infrastructure (By Electrical Infrastructure, by Mechanical Infrastructure, General Construction), by Tier Type (Tier 1 and 2, Tier 3, Tier 4), by Data Center Type (Colocation, Self-Built Hyperscalers (CSPs) and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

Discover the booming Thailand construction market, projected to grow at a CAGR exceeding 5% until 2033. This comprehensive analysis explores market size, key drivers, trends, restraints, and leading companies, offering valuable insights for investors and industry professionals. Explore market segmentation by sector & project type. Key drivers for this market are: Thailand was emphasizing renewable energy projects and sustainable construction practices, Thai government was investing in various infrastructure projects to improve connectivity, transportation. Potential restraints include: Construction projects in Thailand often experienced delays and cost overruns due to factors such as unforeseen site conditions, Political and Economic Uncertainty. Notable trends are: Increase in road infrastructure projects.

In 2024, the construction sector contributed over *** billion Thai baht to Thailand's GDP. Such value also increased in recent years. In that same year, Thailand's service industries' total GDP amounted to over ** trillion Thai baht. Construction works in the public sector The public sector dominates the construction industry in Thailand. In which the government directly invests in construction projects or jointly invests with private enterprises for the public benefit, such as utility projects, schools, hospitals, and infrastructure for trains, bridges, and other buildings. In 2023, the investment value of the construction industry in the public sector of Thailand slightly decreased from the previous year. Construction works in the private sector As for construction in the private sector, it also contributes a great deal to the industry in Thailand. The country’s construction works in the private sector include residences, commercial buildings, and industrial factories. In 2023, there were around *** thousand newly established factories in Thailand. However, unlike construction in the public sector, the market value of the private sector rose slightly in 2023 compared to the previous year.

In 2022, the share of leading construction contractors in Thailand was highest for Italian Thai (ITD), with **** percent of the market. This was followed by Sino-Thai with a share of **** percent. These contractors are the major driving force of the Thai construction industry. The key players in the construction industryThe top three players in Thailand’s construction industry include Italian-Thai Development Public Company Limited, Sino-Thai Engineering Public Company Limited, and CH. Karnchang Public Company Limited. These companies are mainly responsible for the construction of infrastructure in major areas in Thailand, such as the BTS sky trains, the MRT underground metro trains and the airport rail link. They are also involved in general building construction projects as well as environmental, power and energy constructions. Despite Italian-Thai having the highest market share among the major contractors, it was forecast that Sino-Thai Engineering had the highest growth in revenue in recent years. Besides these three leading contractors, there were over 100 thousand construction contractors in the country in that year.The competitive background of Italian-Thai Development PCLThe company started as a salvaging company, expanding in later years to be involved in the construction of Bangkok’s BTS sky trains. Although the company has the highest market share among the major contractors in Thailand, it still recorded losses recently. Despite the downturn, it remains the largest contractor in Thailand and has participated in major construction projects, which include the Suvarnabhumi Airport. The revenue of Italian-Thai Development PCL in the first half of 2021 amounted to almost ** billion Thai baht, overtaking CH Karnchang and Sino-Thai Engineering.

The Thailand Construction Equipment Report is Segmented by Machinery Type (Cranes, Telescopic Handlers, and More), Propulsion (Internal Combustion Engine and More), Power Output (Below 100 HP and More), End-User (Infrastructure, Residential and Commercial Construction, and More), Application (Earth-Moving, Material Handling, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Thailand Construction Equipment Market is booming, projected to surpass $3 billion by 2033 with a CAGR exceeding 5%. Driven by infrastructure development and private investment, this market report analyzes key trends, segments (cranes, excavators, electric & hybrid), and leading players like Caterpillar and Komatsu. Discover growth opportunities in this dynamic sector. Recent developments include: June 2023: Volo Construction Equipment made a groundbreaking entry into the Southeast Asian market by unveiling the region's inaugural fully electric construction machines. This significant development underscores the company's commitment to advancing sustainable practices in the construction industry. Volo Construction Equipment has set an ambitious goal to have 35% of the machines it sells powered by electricity by the year 2030., January 2023: Tadano Ltd. introduced the TM-ZX1205HRS loader crane to the Thai market. This cutting-edge loader crane boasts an impressive maximum lifting capacity of 12 tons. Tadano's introduction of this high-capacity crane reflects their dedication to meeting the demanding lifting needs of the construction sector in Thailand.. Key drivers for this market are: Growing Infrastructure Activities Across the Country. Potential restraints include: Rapid Expansion of Construction Equipment Industry. Notable trends are: Growing Infrastructure Activities To Drive Demand In The Market.

Discover the booming Thailand construction equipment market! This in-depth analysis reveals a $1.91B market in 2025, projected to grow at a CAGR exceeding 5% to 2033. Learn about key drivers, trends, restraints, and leading companies like Caterpillar and Komatsu. Explore market segmentation by machinery type and propulsion. Recent developments include: June 2023: Volo Construction Equipment made a groundbreaking entry into the Southeast Asian market by unveiling the region's inaugural fully electric construction machines. This significant development underscores the company's commitment to advancing sustainable practices in the construction industry. Volo Construction Equipment has set an ambitious goal to have 35% of the machines it sells powered by electricity by the year 2030., January 2023: Tadano Ltd. introduced the TM-ZX1205HRS loader crane to the Thai market. This cutting-edge loader crane boasts an impressive maximum lifting capacity of 12 tons. Tadano's introduction of this high-capacity crane reflects their dedication to meeting the demanding lifting needs of the construction sector in Thailand.. Key drivers for this market are: Growing Infrastructure Activities Across the Country. Potential restraints include: Growing Infrastructure Activities Across the Country. Notable trends are: Growing Infrastructure Activities To Drive Demand In The Market.

Thailand Employment: WK: NA: Construction data was reported at 2,040.320 Person th in Sep 2025. This records a decrease from the previous number of 2,268.550 Person th for Jun 2025. Thailand Employment: WK: NA: Construction data is updated quarterly, averaging 2,214.250 Person th from Mar 2011 (Median) to Sep 2025, with 59 observations. The data reached an all-time high of 2,840.780 Person th in Mar 2013 and a record low of 1,962.340 Person th in Dec 2017. Thailand Employment: WK: NA: Construction data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.G: Labour Force Survey: Age 15 and Over: Employment by Industry: By ISIC: Quarterly.

The Thailand Construction Chemicals Report is Segmented by Product (Adhesives, Anchors and Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair and Rehabilitation Chemicals, Sealants, Surface-Treatment Chemicals, and Waterproofing Solutions) and End-User Sector (Commercial, Industrial and Institutional, Infrastructure, and Residential). The Market Forecasts are Provided in Terms of Value (USD).

In 2024, the investment value of Thailand's public construction sector amounted to around *** billion Thai baht. That same year, the total construction investment value was nearly *** trillion Thai baht.

The construction sector's technological and infrastructural developments drive the Thailand construction market upwards by enhancing urban development and infrastructure capabilities. According to the analyst from Verified Market Research, the Thailand construction market is estimated to reach a valuation of USD 62 Billion over the forecast subjugating around USD 42.5 Billion valued in 2024.The rapid expansion is primarily driven by government infrastructure investments, urban development initiatives, and recovery from pandemic-induced economic challenges. It enables the market to grow at a CAGR of 5.6% from 2026 to 2032.

In 2023, the construction investment contributed around **** percent to Thailand's GDP, which slightly decreased from the previous year. In that same year, the total value of Thailand's GDP was over five hundred billion U.S. dollars.

Thailand GDP: NA: Construction data was reported at 402,916.000 THB mn in 2016. This records an increase from the previous number of 379,940.000 THB mn for 2015. Thailand GDP: NA: Construction data is updated yearly, averaging 263,388.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 402,916.000 THB mn in 2016 and a record low of 135,577.000 THB mn in 1990. Thailand GDP: NA: Construction data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A009: SNA1993: GDP: by Industry: Current Price (Annual).

Thailand Construction Area Permitted: NE: MZ: Industrial data was reported at 565.200 sq m th in 2017. This records an increase from the previous number of 362.200 sq m th for 2016. Thailand Construction Area Permitted: NE: MZ: Industrial data is updated yearly, averaging 378.550 sq m th from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 696.300 sq m th in 2012 and a record low of 210.700 sq m th in 2015. Thailand Construction Area Permitted: NE: MZ: Industrial data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.EA003: Construction Area Permitted: Northeastern.

Thailand’s construction industry regained growth momentum in 2018, with output expanding by 2.7% in real terms – up from -2.8% in 2017. Growth during the review period (2014-2018) averaged 4.6% a year, and was supported by positive developments in regional economic conditions and government investments in transport, residential and energy construction projects.
The industry is expected to continue to expand over the forecast period (2019-2023), albeit at a slower pace compared to the review period. Growth will be driven by the government’s efforts to develop the country’s transport infrastructure, coupled with efforts to boost the residential construction market. In the first half of 2019, the government announced plans to allocate THB4 billion (US$125.6 million) to finance five low-cost housing projects in the country, while in the 2020 budget, the government allocated THB650 billion (US$20.4 billion) towards capital expenditures. The focus on the development of the energy sector is also expected to drive industry growth. The government plans to add 56,431MW of new power capacity by 2037 under the updated power development plan (PDP 2018-2037).
Investments to develop infrastructure in Chachoengsao, Chonburi and Rayong provinces under the Eastern Economic Corridor (EEC) scheme are also expected to support growth in the industry over the forecast period. In order to attract foreign manufacturing companies, create a value-based economy and reduce social disparity, the government is developing the EEC, a new industrial zone. In October 2018, the government agreed to approve four more large-scale infrastructure projects under the ECC scheme.
The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.48% over the forecast period. Read More

Discover the booming Thailand construction chemicals market! This in-depth analysis reveals key trends, growth drivers, market size projections (2025-2033), leading companies, and segment breakdowns (adhesives, concrete admixtures, etc.). Invest wisely with our data-driven insights. Recent developments include: May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.February 2023: Master Builders Solutions, an MBCC Group brand, inaugurated a new offshore grout production plant in Taichung, Taiwan, in order to meet the ongoing demand of the offshore wind turbine market.November 2022: Saint-Gobain's subsidiary, Chryso, introduced CHRYSO Dem Aqua 800, a vegetable oil emulsion-based mold release agent for different concrete applications to provide excellent surface finish quality, mold protection, HSE profile, and optimized consumption.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.