Thailand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026)

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Published: March 16, 2026 Report Code: GDCN1816MR-ST

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GlobalData expects the construction industry in Thailand to grow by 3.7% in real terms in 2026, supported by public and private sector investments in renewables and the infrastructure sector. The Ministry of Commerce revealed in February 2026 that foreign investment in Thailand reached THB276 billion in the first 10 months of 2025, marking an increase of 72% compared to the same period in 2024. In February 2026, the Bhumjaithai Party, a Thai political party, announced that it is expected to oversee the Ministry of Transport, which has more than 15 mega-projects awaiting approval, with a total value of nearly THB1.5 trillion ($42 billion). This includes the project, the "Land Bridge" spanning from Chumphon to Ranong, with an estimated cost of nearly THB1 trillion ($28 billion), which is a key policy that the party will push to stimulate the economy in the South. The party also announced in February 2026 its initiative to develop an entertainment complex without a casino in the Eastern Economic Corridor (EEC), spanning over 800ha with an investment value exceeding THB300 billion, construction of a Disneyland theme park in Thailand on a 1,000-acre plot of land, with an investment value of THB200 billion, as well as a sports complex and stadium with a capacity of 50,000 seats on a 1,000-acre plot of land, valued at over THB100 billion ($2.8 billion).

Over the remainder of the forecast period, the construction industry is expected to grow at an average annual rate of 4.3% between 2027 and 2030, supported by investments in tourism, coupled with public-private investments in transportation and industrial development. The Industrial Estate Authority of Thailand (IEAT) reported strong performance in 2025, with total accumulated investment in its industrial estates exceeding TBH15.32 trillion ($428.6 billion) and supporting more than one million jobs, reflecting continued investor confidence in sectors such as automotive, electronics, metals, chemicals, and plastics, as revealed by the government in December 2025. In 2026, IEAT is advancing a “Green & Digital Innovation” strategy, promoting low-carbon eco-industrial estates, digital systems, and infrastructure expansion projects, including Phase 3 of Map Ta Phut Industrial Port, while offering incentives such as two-year free land rent in selected zones to attract new investors. These initiatives are expected to positively impact the construction industry by increasing demand for factory buildings, warehouses, utilities, transport infrastructure, and port facilities, while also driving growth in sustainable and energy-efficient construction solutions aligned with green industrial development.

GlobalData’s Construction in Thailand – Key trends and Opportunities to 2030 (H1 2026) 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
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Thai construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Thailand. It provides –

• Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Thailand, featuring details of key growth drivers.

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies

Assess market growth potential at a micro-level with over 600 time-series data forecasts

Understand the latest industry and market trends

Formulate and validate business strategies using GlobalData's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Table of Contents

1. Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Thailand, Key Economic Indicators

Table 3: Thailand, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 4: Thailand, Top Commercial Construction Projects by Value

Table 5: Thailand, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 6: Thailand, Top Industrial Construction Projects by Value

Table 7: Thailand, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 8: Thailand, Top Infrastructure Construction Projects by Value

Table 9: Thailand, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 10: Thailand, Top Energy and Utilities Construction Projects by Value

Table 11: Thailand, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 12: Thailand, Top Institutional Construction Projects by Value

Table 13: Thailand, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 14: Thailand, Top Residential Construction Projects by Value

Table 15: Thailand, Key Contractors

Table 16: Thailand, Key Consultants

Table 17: Thailand Construction Output Value (Real, $ Million)

Table 18: Thailand Construction Output Value (Nominal, THB Billion)

Table 19: GlobalData Construction Market Definitions

Table 20: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: South-East Asia, Construction Output (Real % Change), 2024–30

Figure 2: Thailand, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Thailand, Risk Summary

Figure 4: Thailand, Risk Regional Comparison

Figure 5: Thailand, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Thailand, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Thailand, Construction Value-add (THB Million, 2002 Constant Prices)

Figure 8: Thailand, Gross Fixed Capital Formation in Construction (THB Million, 2002 Constant Prices)

Figure 9: Thailand, Building Materials Price Index Base Year (2021 = 100)

Figure 10: Thailand, Labour Cost Index (2013=100)

Figure 11: Thailand, Construction Material Price Index (2015=100)

Figure 12: Thailand, Construction Projects Momentum Index

Figure 13: Thailand, Construction Projects Momentum Index

Figure 14: Thailand, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 15: Thailand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Thailand, Foreign Tourist Arrivals, In Thousands

Figure 17: Thailand, Average Retail Sales Index (2019=100)

Figure 18: Thailand, Wholesale and Retail Trade Value-Add (THB Million, 2002 Constant Prices)

Figure 19: Thailand, accommodation and food service Value-Add (THB Million, 2002 Constant Prices)

Figure 20: Thailand, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 21: Thailand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Thailand, Industrial Value-Add (THB Million, 2002 Constant Prices)

Figure 23: Thailand, Exports of Goods at Constant Market Prices (THB Million, Seasonally Adjusted)

Figure 24: Thailand, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 25: Thailand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 26: Thailand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 27: Thailand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Thailand, Value-Add of Electricity, Gas, Steam and Air Conditioning Supply (THB Million, 2002 Constant Prices)

Figure 29: Thailand, Value-Add of Water Supply, Sewerage, Waste Management, and Remediation Activity (THB Million, 2002 Constant Prices)

Figure 30: Thailand, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 31: Thailand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Thailand, Health Value-Add (THB Million, 2002 Constant Prices)

Figure 33: Thailand, Education Value-Add (THB Million, 2002 Constant Prices)

Figure 34: Thailand, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 35: Thailand, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Thailand, Residential Land Development Licenses (Number)

Figure 37: Thailand, Real Estate Value-Add (THB Million, 2002 Constant Prices)

Figure 38: Thailand, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 39: Thailand, Headquarters of Key Consultants (% of Total Project Pipeline)

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