| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 1.00% |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Thailand Prefabricated Buildings Industry Market Analysis
The Thailand Prefabricated Buildings Industry is expected to register a CAGR of 1% during the forecast period.
Thailand's prefabricated buildings market is undergoing significant transformation, driven by government initiatives and evolving industry trends.
In January 2025, the Thai government introduced the "Homes for Thais" project, aimed at delivering affordable housing solutions for urban low-income earners and first-time jobholders. The initial phase (2025-2026) targets the construction of 5,000 housing units along railway corridors, with a long-term objective of scaling up to 300,000 units, including single-family homes and condominiums. These units are strategically located near transportation hubs to enhance accessibility. Eligibility criteria include Thai nationals aged 20 and above, earning less than 50,000 baht per month, and who have not previously owned a residence.
In November 2024, the Thai cabinet approved a 55 billion baht (approximately USD 1.58 billion) soft loan package to stimulate the property sector. These funds are allocated for the purchase, decoration, repair, and construction of housing, with the aim of revitalizing the housing market and supporting economic growth.
The Thai construction sector is projected to grow at an annual rate of 3-4% from 2024 to 2026, driven by substantial government investments, particularly in projects linked to the Eastern Economic Corridors. These initiatives are designed to enhance Thailand's logistics infrastructure between 2023 and 2027. Concurrently, private sector investments in residential and commercial real estate are expected to recover gradually, with projected growth of 3.0-3.5%, supported by improved purchasing power and advancements in infrastructure development.
However, the sector faces persistent challenges, including elevated construction costs driven by material, labor, and transportation expenses, which are influenced by energy prices. Additionally, the imperative to address climate change and achieve Net Zero emissions is compelling contractors to adopt technologies that optimize material usage and reduce waste.
These developments reflect a coordinated effort by the Thai government and industry stakeholders to advance affordable housing initiatives and promote sustainable growth within the prefabricated buildings market.
Thailand Prefabricated Buildings Industry Market Trends
Surge in Residential and Commercial Prefabricated Construction in Thailand
Prefabricated construction is on the rise in Thailand's residential and commercial sectors. The government is backing this trend with initiatives like the “Homes for Thais” project, which targets affordable housing for urban low-income earners and first-time jobholders. The project's first phase (2025-2026) aims to build 5,000 housing units along railway corridors, with ambitions to scale up to 300,000 units in the long run.
On the commercial front, luxury developments are taking center stage. A prime example is Porsche's announcement of a 21-storey ultra-luxury tower in Bangkok, boasting exclusive “Sky Villas” and amenities designed for car aficionados. Construction kicks off in 2025, with an anticipated finish by the close of 2028.
In a move to further energize the property sector, the Thai government greenlit a THB 55 billion (USD 1.58 billion) soft loan package in November 2024, aiming to bolster construction activities across both residential and commercial domains.
These initiatives highlight the vigorous growth of prefabricated construction in Thailand.
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Predominance of Steel in Thailand’s Prefabricated Construct
Steel's strength, durability, and adaptability have positioned it as the material of choice in Thailand's prefabricated construction sector. In January 2025, the Steel Industry Club of the Federation of Thai Industries forecasted a 3% growth in steel consumption for the year, driven by government-led economic stimulus initiatives and the expanding Chinese economy.
In the commercial sector, steel prefabrication has been adopted in significant projects. For example, in November 2024, construction was underway for a 2,221 metric ton steel logistics warehouse in Thailand, demonstrating the scalability and operational efficiency of steel structures.
The adoption of prefabricated steel buildings is also gaining momentum in the construction industry. In August 2024, CSCEC successfully executed the first hoisting of a prefabricated steel column for TUC's new factory project in Thailand, reflecting the industry's transition toward steel-based prefabricated solutions.
These advancements highlight steel's critical role in driving Thailand's prefabricated construction sector, emphasizing its benefits in operational efficiency, scalability, and modern architectural design.
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Thailand Prefabricated Buildings Industry Industry Overview
The Thailand prefabricated buildings industry is fragmented in nature. There are several local and international players present in the Thailand prefabricated buildings industry. The rapidly changing technological environment is expected to adversely affect vendors as customers expect continual innovations and upgrades in construction processes. Players in the market compete based on offerings and pricing. The competition is expected to intensify further with an increase in product portfolios, technological innovations, and newer players entering the market. The market is expected to grow during the forecast period due to an increase in construction investments and upcoming major projects in the country.
Thailand Prefabricated Buildings Industry Market Leaders
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Siam Steel
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LifesBox Modular
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Thai Isowall Company Limited
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Unibuild
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Modern Modular Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
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Thailand Prefabricated Buildings Industry Market News
- November 2024: Sekisui Heim Group plans to launch affordable and social housing projects in Vietnam. The company utilizes advanced technology to manufacture prefabricated homes in Thailand. It intends to export 80% of these homes to Vietnam, with the remaining 20% assembled on-site. Furthermore, investors are offered 10-15 year loans at a 4.8% interest rate, while buyers can access 20-year loan options.
- October 2024: The Thai government’s expansion of transportation networks, including extensions of motorways, is expected to boost residential construction around these areas. New project openings in residential construction are anticipated to increase by an average of 10% per year, or about 70,000 units annually, during 2022-2024.
Thailand Prefabricated Buildings Industry Industry Segmentation
Prefabricated buildings (also known as prefabs) are manufactured offsite and transported to the location for on-site assembly. This report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, and its impact, porter's five forces analysis, and the impact of COVID-19 on the market. Additionally, the report provides company profiles to understand the competitive landscape of the market.
The Thailand Prefabricated Buildings Industry is Segmented by Application (Residential, Commercial, and Other Applications (Infrastructure and Industrial)). The report offers market sizes and forecast for Thailand Prefabricated Buildings Industry in value (USD Billion) for all the above segments.
| By Application | Residential |
| Commercial | |
| Other Applications (Infrastructure and Industrial) |
By Application
| Residential |
| Commercial |
| Other Applications (Infrastructure and Industrial) |
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Thailand Prefabricated Buildings Industry Market Research FAQs
What is the current Thailand Prefabricated Buildings Industry size?
The Thailand Prefabricated Buildings Industry is projected to register a CAGR of 1% during the forecast period (2025-2030)
Who are the key players in Thailand Prefabricated Buildings Industry?
Siam Steel, LifesBox Modular, Thai Isowall Company Limited, Unibuild and Modern Modular Co. Ltd are the major companies operating in the Thailand Prefabricated Buildings Industry.
What years does this Thailand Prefabricated Buildings Industry cover?
The report covers the Thailand Prefabricated Buildings Industry historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Prefabricated Buildings Industry size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Thailand Prefabricated Buildings Industry Industry Report
Statistics for the 2025 Thailand Prefabricated Buildings Industry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Prefabricated Buildings Industry analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
