Market Research Logo

Construction in Malaysia - Key Trends and Opportunities to 2023

Construction in Malaysia - Key Trends and Opportunities to 2023

Summary

The Malaysian construction industry’s output grew at a compound annual growth rate (CAGR) of 6.69% during the review period (2014-2018). The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$25.9 billion in 2014 to US$33.6 billion in 2018. Although output growth slowed in 2018, the general upward trend can be attributed to public and private sector investment in infrastructure, residential and energy construction projects.However, the construction industry is expected to face some challenges, mainly stemming from the new government’s policy to reduce the country’s debt by cutting investment on major infrastructure projects. In October 2018, the Mahathir government announced plans to cut 15.0% of the total development expenditure annually, in order to reduce the country’s debt. Accordingly, in October 2018, after reviewing MP2016-2020 program, the government announced a plan to reduce its program budget from MYR260.0 billion (US$52.6 billion) to MYR220.0 billion (US$55.1 billion).Over the forecast period (2019-2023), the government’s efforts to enhance transport and residential infrastructure will support the growth of the industry. The industry’s output value in real terms is expected to post a forecast-period CAGR of 5.53%. Consequently, the industry’s output value is expected to rise from a value of US$33.6 billion in 2018 to US$43.9 billion in 2023, measured at constant 2017 US dollar exchange rates. In addition, the government’s aim to improve local energy resources is expected to support investments in energy infrastructure projects, which will in turn fuel growth in the industry. The industry growth will also be driven by the 11th Malaysia Plan (11MP) 2016-2020, under which the government plans to develop the transport infrastructure, manufacturing, mining and agriculture sectors with an aim to achieve the status of a developed economy by 2020.Residential construction was the largest market in the industry during the review period, accounting for 29.1% of its total value in 2018. Market expansion over the forecast period is expected to be supported by affordable housing programs being implemented by the government. Infrastructure construction was the second-largest market in the Malaysian construction industry during the review period, accounting for 24.4% of its total value in 2018. The market is expected to retain its position over the forecast period, accounting for 26.8% of the industry’s total value in 2023.GlobalData’s Construction in Malaysia - Key Trends and Opportunities to 2023, report provides detailed market analysis, information and insights into the Malaysian construction industry, including -

  • The Malaysian 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 Malaysian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
  • Scope

    This report provides a comprehensive analysis of the construction industry in Malaysia. It provides -
  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Malaysia, 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 GlobalData's 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 strategy using GlobalData's critical and actionable insight.
    • Assess business risks, including cost, regulatory and competitive pressures.
    • Evaluate competitive risk and success factors.


    • Executive Summary
    • Construction Outlook: At-a-glance
      • Table Construction Outlook
      • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
      • Table Figure 2: Malaysia, Construction Projects Pipeline by Sector (MYR Billion)
    • Latest News and Indicators
      • Table Figure 3: Malaysia, Value of Housing loan Issued (MYR, Million)
    • Key Drivers and Risks
      • Economic Performance
        • Table Malaysia, Key Economic Indicators
      • Political Environment
      • Demographics
      • Risk Profile
        • Table Figure 4: Malaysia, Risk Review
        • Table Figure 5: Malaysia, Risk Comparison
    • Construction Outlook
      • All Construction
        • Outlook
          • Table Figure 6: Malaysia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
          • Table Figure 7: Malaysia, Construction Output Value, Growth Matrix
          • Table Figure 8: Malaysia, Construction Output Value, by Sector (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 9: Malaysia, Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018-2023
          • Table Figure 10: Malaysia, Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Malaysia, Construction Output Value (nominal, MYR Million)
          • Table Malaysia, Construction Output Value (nominal, US$ Million)
      • Commercial Construction
        • Outlook
          • Table Figure 11: Malaysia, Commercial Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 12: Malaysia, Commercial Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 13: Malaysia, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018- 2023
          • Table Malaysia, Top Commercial Construction Projects by Value
      • Industrial Construction
        • Outlook
          • Table Figure 14: Malaysia, Industrial Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 15: Malaysia, Industrial Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 16: Malaysia, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018-2023
          • Table Malaysia, Top Industrial Construction Projects by Value
      • Infrastructure Construction
        • Outlook
          • Table Figure 17: Malaysia, Infrastructure Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 18: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 19: Malaysia, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018- 2023
          • Table Malaysia, Top Infrastructure Construction Projects by Value
      • Energy and Utilities Construction
        • Outlook
          • Table Figure 20: Malaysia, Energy and Utilities Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 21: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 22: Malaysia, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018-2023
          • Table Malaysia, Top Energy and Utilities Construction Projects by Value
      • Institutional Construction
        • Outlook
          • Table Figure 23: Malaysia, Institutional Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 24: Malaysia, Institutional Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 25: Malaysia, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018- 2023
          • Table Malaysia, Top Institutional Construction Projects by Value
      • Residential Construction
        • Outlook
          • Table Figure 26: Malaysia, Residential Construction Output by Project Type (MYR Million), 2014-2023
        • Project analytics
          • Table Figure 27: Malaysia, Residential Construction Projects Pipeline, Value by Stage (MYR Million)
          • Table Figure 28: Malaysia, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (MYR Million), 2018- 2023
          • Table Malaysia, Top Residential and Mixed-Use Construction Projects by Value
    • Key Industry Participants
      • Contractors
        • Table Malaysia, Key Contractors
        • Table Figure 29: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
        • Table Figure 30: Malaysia, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
      • Consultants
        • Table Malaysia, Key Consultants
        • Table Figure 31: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)
        • Table Figure 32: Malaysia, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
    • Appendix
      • What is this Report About?
      • Definitions
        • Table GlobalData Construction Market Definitions
        • Table Construction Risk Index Ratings and Scores
    • About GlobalData
      • GlobalData at a Glance
        • Table Figure 33: GlobalData at a Glance
      • GlobalData Construction
      • Disclaimer
      • Contact Us

    Download our eBook: How to Succeed Using Market Research

    Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

    Download eBook