Insight

Construction & Engineering

~THB 1.3T construction GDP FY2024; ITD, STEC, CK, UNIQ listed contractors; MRT, high-speed rail, EEC pipeline

Last updated: Live coverage

Reports in this sector

2

Market profiles

8

Cited sources

31

Primary-grade share

84%

Key statistics

Public reference figures, each linked to source-level context.

FY2024
~6–7%

Construction sector share of Thai GDP

NESDC, Bank of Thailand Sectoral GDP

2024–2029 pipeline
~THB 2T

Thai public infrastructure project pipeline

Thailand Budget Bureau, BOI project register, OTP

FY2023
~THB 80–100B

Combined revenue — top-3 Thai listed contractors

SET filings — ITD, STEC, CK annual reports

FY2023
~THB 5–8B approved

BOI BCG green-construction investment approvals

BOI Annual Report, Thai Green Building Institute

FY2024
~70,000–80,000 units/yr

Bangkok metropolitan residential unit starts

Real Estate Information Center, Government Housing Bank

Market profiles in this sector

8 free profiles tied to reports, filings, regulations, and source-backed context.

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Company/operator
SET:CK

CH. Karnchang

Largest-ROE Thai civil contractor; MRT Orange Line west, Xayaburi hydropower, dam-project pipeline; FY2024 revenue ~THB 35B.

12 reports
Company/operator
SET:CNT

Christiani & Nielsen (Thai)

Danish-heritage diversified contractor since 1930; building, civil, marine, industrial; FY2024 revenue ~THB 6B.

3 reports
Company/operator
SET:ITD

Italian-Thai Development

Largest-revenue Thai civil contractor; MRT Orange Line east, Suvarnabhumi, Don Mueang; FY2024 revenue ~THB 55B; Dawei legacy watchpoint.

10 reports
Company/operator
SET:NWR

Nawarat Patanakarn

Mid-cap civil, water, environmental-engineering specialist; Xayaburi partner with CK; FY2024 revenue ~THB 10B.

1 report
Company/operator
SET:STEC

Sino-Thai Engineering and Construction

Third major Thai civil contractor; balanced building, infrastructure; FY2024 revenue ~THB 28B; no offshore legacy risk.

7 reports
Company/operator
SET:SYNTEC

Syntec Construction

Listed building-contractor specialist; high-rise, developer client base (Sansiri, AP, Origin); FY2024 revenue ~THB 15B.

2 reports
Company/operator
SET:TTCL

TTCL

Listed industrial, power-plant EPC specialist; Toyo Engineering Japan heritage; FY2024 revenue ~THB 8B; Myanmar, Vietnam operations.

1 report
Company/operator
SET:UNIQ

Unique Engineering and Construction

Mid-cap civil specialist; double-track rail, expressway; FY2024 revenue ~THB 12B; SRT Phase 2, motorway pipeline.

2 reports

Available reports

Thailand Construction & Engineering Market Intelligence

Thailand's construction, engineering market is a ~THB 1.3T annual platform. ITD, CK, STEC anchor the top civil-infrastructure tier; TTCL leads industrial, power EPC. State mega-projects (Orange Line, high-speed rail), EEC, private-sector capex define the demand curve.

Thai Construction: Italian-Thai Development, Sino-Thai Engineering, CK Construction, and the Tier-1 Contractor Cluster

Thai construction industry ~USD 50-70B annual sector — Italian-Thai Development (ITD SET-listed) tier-1 contractor for major-infrastructure (Suvarnabhumi Phase 2, MRT extensions, BRI rail), Sino-Thai Engineering Construction (STEC SET-listed), CH Karnchang (CK SET-listed; sister CKP Power), Power Line Engineering (PLE SET-listed; airport, rail). Watchpoints: Pheu Thai infrastructure-spend, BRI Phase 1, 2, EEC project-delivery, NPL trajectory.

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Thailand Construction & Engineering Market Intelligence

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Construction & Engineering · Insight