Construction in Myanmar - Key Trends and Opportunities to 2023

Construction in Myanmar - Key Trends and Opportunities to 2023

Summary

Myanmar’s construction industry output grew by 7% in real terms¬ in 2018, following an average annual growth of 9% during the preceding four years. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$10.7 billion in 2017 to US$11.4 billion in 2018. This increase can be attributed to public and private sector investments in transport infrastructure, energy and housing projects, positive developments in economic conditions and improvement in investor confidence. Policy reforms related to foreign direct investment (FDI) and a recovery in exports also supplemented the growth momentum.The industry’s output value is expected to continue to expand in real terms over the forecast period (2019-2023), driven by the government’s plans to upgrade the country’s transport infrastructure. The government's continued investment in transport infrastructure, energy and residential projects under the flagship programs such as the National Electrification Plan (NEP), National Education Strategic Plan (NESP) and the Million Homes Plan is expected to drive the growth of the industry over the forecast period. The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 8.6% over the forecast period. The industry is consequently expected to rise from a value of US$11.4 billion in 2018 to US$17.3 billion by 2023, measured at constant 2017 US dollar exchange rates.Accounting for 34.1% of the industry’s total value in 2018, residential construction was the largest market in Myanmar’s construction industry during the review period (2014-2018). The market is expected to retain its position over the forecast period, and accounts for 33.3% of the industry’s total value in 2023. Infrastructure construction was the second-largest market in the industry during the review period, accounting for 25.4% of the industry’s total value in 2018. The market is expected to retain its position over the forecast period, and is estimated to account for 27.0% of the industry’s total value in 2023. Energy and utilities construction accounted for 16.4% of the industry’s total output in 2018, followed by industrial construction with 10.3%, commercial construction with 9.8% and institutional construction with 4.0%.The total construction project pipeline in Myanmar including all mega projects with a value above US$25 million - stands at MMK178.2 trillion (US$124.7 billion). The pipeline, which includes all projects from pre-planning to execution, has a relatively high share of early-stage projects, with 74.6% of the pipeline value being in projects in the pre-planning and planning stages as of June 2019.The report “Construction in Myanmar - Key Trends and Opportunities to 2023” provides detailed market analysis, information and insights into Myanmar’s construction industry, including -

  • Myanmar’s 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 Myanmar’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Furthermore, the report helps the user to -
  • Identify and evaluate market opportunities using 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 critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors.
Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -
  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Myanmar, 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: Myanmar, Construction Projects Pipeline by Sector (MMK Trillion)
  • Latest News and Indicators
  • Key Drivers and Risks
    • Economic Performance
      • Table Myanmar, Key Economic Indicators
    • Political Environment
    • Demographics
    • Risk Profile
      • Table Figure 3: Myanmar, Risk Profile
      • Table Figure 4: Myanmar, Risk Comparison
  • Construction Outlook
    • All Construction
      • Outlook
        • Table Figure 5: Myanmar, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
        • Table Figure 6: Myanmar, Construction Output Value, Growth Matrix
        • Table Figure 7: Myanmar, Construction Output Value, by Sector (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 8: Myanmar, Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018–2023
        • Table Figure 9: Myanmar, Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Myanmar, Construction Output Value (nominal, MMK Billion)
        • Table Myanmar, Construction Output Value (nominal, US$ Million)
    • Commercial Construction
      • Outlook
        • Table Figure 10: Myanmar, Commercial Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 11: Myanmar, Commercial Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 12: Myanmar, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018– 2023
        • Table Myanmar, Top Commercial Construction Projects by Value
    • Industrial Construction
      • Outlook
        • Table Figure 13: Myanmar, Industrial Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 14: Myanmar, Industrial Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 15: Myanmar, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018– 2023
        • Table Myanmar, Top Industrial Construction Projects by Value
    • Infrastructure Construction
      • Outlook
        • Table Figure 16: Myanmar, Infrastructure Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 17: Myanmar, Infrastructure Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 18: Myanmar, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018– 2023
        • Table Myanmar, Top Infrastructure Construction Projects by Value
    • Energy and Utilities Construction
      • Outlook
        • Table Figure 19: Myanmar, Energy and Utilities Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 20: Myanmar, Energy and Utilities Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 21: Myanmar, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018–2023
        • Table Myanmar, Top Energy and Utilities Construction Projects by Value
    • Institutional Construction
      • Outlook
        • Table Figure 22: Myanmar, Institutional Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 23: Myanmar, Institutional Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 24: Myanmar, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018– 2023
        • Table Myanmar, Top Institutional Construction Projects by Value
    • Residential Construction
      • Outlook
        • Table Figure 25: Myanmar, Residential Construction Output by Project Type (MMK Billion), 2014–2023
      • Project analytics
        • Table Figure 26: Myanmar, Residential Construction Projects Pipeline, Value by Stage (MMK Billion)
        • Table Figure 27: Myanmar, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (MMK Billion), 2018– 2023
        • Table Myanmar, Top Residential and Mixed-Use Construction Projects by Value
  • Key Industry Participants
    • Contractors
      • Table Myanmar, Key Contractors
      • Table Figure 28: Myanmar, Headquarters of Key Contractors (% of Total Project Pipeline)
      • Table Figure 29: Myanmar, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
    • Consultants
      • Table Myanmar, Key Consultants
      • Table Figure 30: Myanmar, Headquarters of Key Consultants (% of Total Project Pipeline)
      • Table Figure 31: Myanmar, 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 32: GlobalData at a Glance
    • GlobalData Construction
    • Disclaimer
    • Contact Us

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