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Market share of leading construction contractors in Thailand 2018

In 2018, the share of leading construction contractors in Thailand was highest for Italian Thai (ITD) , with 32 percent of the market. This was followed by Ch. Karnchang (CK) with a share of 16 percent. These contractors are the major driving force of the Thai construction industry.

The key players in the construction industry

The top three players in Thailand’s construction industry include Italian-Thai Development Public Company Limited, CH. Karnchang Public Company Limited and Sino-Thai Engineering 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, Sino-Thai Engineering was forecasted to have the highest growth in 2019.

The competitive background of Italian-Thai Development PCL

The 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 in recent years. Despite the downturn, itr emains the largest contractor in Thailand and has participated in major construction projects, which include the Suvarnabhumi Airport. It was also forecasted to have the highest revenues in 2019 , overtaking CH Karnchang and Sino-Thai Engineering.

Market share of leading construction contractors in Thailand in 2018

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Sources

Release date

June 2019

Region

Thailand

Survey time period

2018

Special properties

market share as percentage of revenue in listed companies

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Statistics on "Construction industry in Thailand"

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