Thailand's Fastest-Growing Industries by Company Register Share 2026
In short
Healthcare's share of Thailand's company filing register grew almost sevenfold between 2008 and 2024, rising from 0.41 percent of filers to 1.24 percent. Education more than tripled its own share too, moving from 0.53 percent to 0.79 percent. The two laggards sit at the opposite end. Manufacturing grew only 1.64 times over the period and mining just 1.44 times, both well behind the 2.25 times growth of the entire filing register. Scale and growth do not move together in Thailand's company base.
Which industries are gaining share of Thailand's company register?
Healthcare answers that question outright. Its share of companies filing a financial statement climbed from 0.41 percent in 2008 to 1.24 percent in 2024, a gain built on 6.82 times growth in raw filer count while the whole register grew only 2.25 times over the same span (DBD, 2026). Education followed a similar path, growing 3.38 times and lifting its share from 0.53 percent to 0.79 percent. Agriculture, electricity and other services also outran the market, each more than quadrupling its filer count from a small base. The clearest laggards sit at the other end. Manufacturing and mining are the two sections whose growth trailed every other part of the economy. Manufacturing grew just 1.64 times and mining just 1.44 times, so both lost share of the register even as their absolute company counts rose.
Filer growth multiple by industry section, 2008 to 2024
- Human health and social work7
- Electricity and gas supply6
- Agriculture, forestry and fishing5
- Other service activities4
- Arts, entertainment and recreation4
- Education3
- Water supply and waste management3
- Accommodation and food service3
- Information and communication3
- Professional, scientific and technical3
- Administrative and support2
- Transportation and storage2
- Financial and insurance2
- Real estate2
- Wholesale and retail trade2
- Construction2
- Manufacturing2
- Mining and quarrying1
Figures in times growth in filer count.
Bars above 2.25 grew faster than the whole register. Bars below it, from real estate down to mining, lost share even while adding companies.
Filer counts and register share by industry section
| Section | Filers 2008 | Filers 2024 | Growth multiple | Share 2008 | Share 2024 | Share change pp |
|---|---|---|---|---|---|---|
| Human health and social work | 1,331 | 9,071 | 6.82x | 0.41% | 1.24% | +0.83 |
| Electricity and gas supply | 610 | 3,356 | 5.50x | 0.19% | 0.46% | +0.27 |
| Agriculture, forestry and fishing | 1,707 | 7,996 | 4.68x | 0.53% | 1.10% | +0.57 |
| Other service activities | 1,929 | 8,249 | 4.28x | 0.60% | 1.13% | +0.54 |
| Arts, entertainment and recreation | 1,601 | 6,065 | 3.79x | 0.49% | 0.83% | +0.34 |
| Education | 1,704 | 5,759 | 3.38x | 0.53% | 0.79% | +0.26 |
| Water supply and waste management | 657 | 2,151 | 3.27x | 0.20% | 0.30% | +0.09 |
| Accommodation and food service | 11,263 | 34,219 | 3.04x | 3.48% | 4.70% | +1.21 |
| Information and communication | 7,148 | 21,425 | 3.00x | 2.21% | 2.94% | +0.73 |
| Professional, scientific and technical | 21,436 | 60,805 | 2.84x | 6.63% | 8.34% | +1.72 |
| Administrative and support | 16,182 | 39,839 | 2.46x | 5.00% | 5.47% | +0.46 |
| Transportation and storage | 12,705 | 30,078 | 2.37x | 3.93% | 4.13% | +0.20 |
| Financial and insurance | 6,830 | 16,012 | 2.34x | 2.11% | 2.20% | +0.09 |
| Real estate | 33,849 | 75,952 | 2.24x | 10.46% | 10.42% | -0.04 |
| Wholesale and retail trade | 112,158 | 241,272 | 2.15x | 34.67% | 33.10% | -1.56 |
| Construction | 38,635 | 78,843 | 2.04x | 11.94% | 10.82% | -1.12 |
| Manufacturing | 52,372 | 85,711 | 1.64x | 16.19% | 11.76% | -4.43 |
| Mining and quarrying | 1,399 | 2,010 | 1.44x | 0.43% | 0.28% | -0.16 |
| All sections total | 323,516 | 728,813 | 2.25x | 100.00% | 100.00% | 0.00 |
Companies with a filed financial statement by industry section, statement years 2008 and 2024, as of 7 Jul 2026.
Why this matters
The pattern tracks Thailand's demographic shift more than any single policy. The World Bank has flagged Thailand as aging faster than nearly any middle income country, with the share of people over 60 rising through the 2020s (World Bank, 2024). A faster aging population needs more clinics, nursing homes and diagnostic firms to register and file, and that shows up directly in health's share of the register nearly tripling relative to the whole market's growth. Manufacturing and mining tell the opposite story. Both are mature, capital heavy sectors where existing companies expand output more often than new ones register, so their share of the filing base keeps shrinking even as the underlying industry keeps producing revenue. Manufacturing alone gave up 4.43 percentage points of register share, the single largest drop of any section, despite still filing more companies than education, health, arts and other services combined. For anyone reading Thailand's company data as a leading indicator, that split matters more than the headline growth of the whole register. It shows which industries are still being built from scratch and which ones are simply getting bigger.
Definitions
- Filing company register
- The set of companies that filed a financial statement for a given statement year, as distinct from every company that has ever registered with the DBD.
- Growth multiple
- The 2024 filer count for a section divided by its 2008 filer count. A multiple of 2.00 means the section doubled its filer count over the period.
- Share of the register
- A section's filer count divided by the combined filer count of all 18 sections in that same year, expressed as a percentage.
- Statement year
- The fiscal year covered by a filed financial statement. The source data records this in the Buddhist calendar, so 2551 equals 2008 and 2567 equals 2024.
- TSIC section
- One of the 21 lettered categories in Thailand's Standard Industrial Classification, the top level grouping above the 5 digit industry code.
Assumptions
- Filer counts include only companies that filed a financial statement for that year, not every company incorporated in that year.
- Sections with a very small 2008 base, such as health at 1,331 filers, can show a large growth multiple from a comparatively modest absolute gain.
- Public administration and households had no filed statements in these two statement years and are excluded from the growth comparison.
- Growth multiples compare two single years, 2008 and 2024, not a smoothed trend across the years in between.
Methodology
Every count in this analysis is the number of companies that filed a financial statement for a given statement year in the DBD registry, summed from 5 digit TSIC industry codes up to their 21 lettered TSIC sections. Statement years in the source data are recorded in the Buddhist calendar, so year 2551 is 2008 and year 2567 is 2024 in this analysis. Growth multiples divide the 2024 filer count by the 2008 filer count for each section. Share of the register divides each section's filer count by the combined filer count of the 18 sections that had a nonzero filer base in both years. Figures are drawn from the DBD registry as of 7 July 2026.
How we verified this
- Summed section filer counts for statement year 2551 equal 323,516, matching the 2008 denominator used for every share calculation.
- Summed section filer counts for statement year 2567 equal 728,813, matching the 2024 denominator used for every share calculation.
- Health growth multiple recomputed as 9,071 divided by 1,331 equals 6.82.
- Education growth multiple recomputed as 5,759 divided by 1,704 equals 3.38.
- Whole register growth multiple recomputed as 728,813 divided by 323,516 equals 2.25, used as the benchmark line separating gainers from losers of share.
- Manufacturing share recomputed as 85,711 divided by 728,813 equals 11.76 percent in 2024, down from 52,372 divided by 323,516 equals 16.19 percent in 2008, a fall of 4.43 percentage points.
- Mining growth multiple recomputed as 2,010 divided by 1,399 equals 1.44, the lowest of the 18 sections compared.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- World Bank. (2024). Caring for Thailand's aging population. World Bank Group. https://www.worldbank.org/en/country/thailand/publication/caring-for-thailand-s-aging-population
Frequently asked questions
Which Thai industry gained the most share of the company register since 2008?
Human health and social work, whose filer count grew 6.82 times between 2008 and 2024, lifting its share of the register from 0.41 percent to 1.24 percent.
Did every industry grow its filer base between 2008 and 2024?
Yes, but not evenly. All 18 sections added companies, yet real estate, wholesale and retail, construction, manufacturing and mining each grew slower than the 2.25 times growth of the whole register, so every one of them lost a slice of its share.
Why did manufacturing lose share even though its filer count grew?
Manufacturing's filer count rose 1.64 times, the second slowest of any section, while faster growing service sectors such as health and education pulled a larger share of new filings toward themselves, so manufacturing's own slice of the register fell by 4.43 percentage points.
What counts as a company in this comparison?
A company that filed a financial statement for that specific statement year with the DBD, not every company that was simply registered, so the counts track active filing behavior rather than total incorporation.
Cite this page
Chatpong L. (2026). Thailand's Fastest-Growing Industries by Company Register Share 2026. Max Data Insights. https://maxdatathailand.com/insights/which-thai-industries-are-gaining-share-of-the-company-register-2026
Data & corrections
Download the data (CSV)Spot something off, or want to ask about the data? Email insights@maxsolutions.co.th. We publish corrections.
Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
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This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.