- The key vendors in the construction market in Thailand 2015-2019 are DCM Solutions Ltd., ITD PCL, K-Tech Construction PCL and SMCC Co. Ltd.
London, 09 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the construction market in Thailand 2015-2019. One of the key trends being observed in this market is increasing domination by local construction companies. Clients in the construction market in Thailand have been focused on assigning construction projects to local construction companies. They offer bids at much lower prices, making the construction affordable for the clients. The construction market in Thailand 2015-2019 is expected to grow at a CAGR of 9.15 % during 2014-2019.
The Thai government has diverted major funds toward the upgradation and development of infrastructure in the country, which will eventually lead the growth of the Thai construction industry. Moreover, the high levels of opportunities present in Thailand are attracting various foreign vendors to venture into the country. There are many construction projects coming up in the forecast period, which will boost growth of the infrastructure construction.
“With the rapid pace of infrastructure development in Thailand, there is a significant rise in CO2 emissions and increase in the carbon footprint,” says Faisal Ghaus, Vice President of Technavio Research.
“Construction companies and contractors in Thailand are focusing on constructing energy-efficient, low-carbon footprint airports in order to achieve green building certifications.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
