The analyst 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.
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.
The 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.
Report 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 the analyst'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 Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
