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Macau Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published May 26, 2025
Length 25 Pages
SKU # GBDT20137263

Description

Macau Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData expects growth in Macau’s construction industry to slow from 5.6% in real terms in 2024 to 3.8% in 2025. This is primarily due to a reduction in profit margins from the gaming sector - which is a dominant driver of Macau’s economy. In April 2025, Macau’s finance secretary has warned that the government revenues may fall short of the initial forecasts, in 2025, due to lower-than-expected gross gaming revenue (GGR). According to data from the Gaming Inspection and Coordination Bureau, Macau’s GGR rose just by 0.6% year on year (YoY) in Q1 2025, to MOP57.7 billion ($7.2 billion). Subsequently, the gaming tax revenue rose by just 0.2% YoY in the first quarter of 2025, to MOP22.2 billion ($2.8 billion); this represents 88% of the government’s total revenue. In another setback to the industry’s output, in April 2025, the International Monetary Fund (IMF) revised down Macau’s economic growth projections for 2025, from 7.3% in October 2024 to 3.6%, citing a softer-than-expected gaming recovery.

The construction industry in Macau is estimated to register an average annual growth rate of 4.1% from 2026 to 2029, supported by investments in transport, electricity, and housing infrastructure projects. Macau International Airport Company Limited (CAM) reported a 24% increase in total revenue for 2024, reaching MOP1.5 billion ($185 million). Indeed, the Passenger traffic at Macau International Airport exceeded 7.6 million in 2024, with nearly 60,000 flight movements. This translates to a YoY rise of over 40% compared to 2023. To increase the passenger handling capacity, CAM initiated a major land reclamation project in November 2024 to expand the airport, with completion targeted by 2030

GlobalData’s Construction in Macau - Country Briefing (H1 2025) report provides detailed market analysis, information, and insights into Macau’s construction industry, including -
  • Macau’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 Macau’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.
Scope

This report provides a comprehensive analysis of the construction industry in Macau. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Macau, 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 our 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 business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

25 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
8 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Macau, Top Construction Projects by Value
Table 3: Macau, Construction Output Value (Real, $ Million)
Table 4: Macau, Construction Output Value (Nominal, MOP Million)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Macau, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 2: Macau, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 3: North-East Asia, Construction Output (Real % Change), 2023–29
Figure 4: Macau, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 5: Macau, Gross Fixed Capital Formation (Chained 2022 Prices, % Change YoY)
Figure 6: Macau, Domestic Loans to the Private Sector for Construction and Public Works (MOP Million)
Figure 7: Macau, Number of People Employed in the Construction Industry
Figure 8: Macau, Total Number of Inbound Tourist Arrivals and Overall Visitor Arrivals, in Thousands
Figure 9: Macau, Value and Volume Indices of Retail Sales, 04/2015 - 03/2016 = 100
Figure 10: Macau, Industrial and Manufacturing Production Indices, 2008=100, % Change YoY
Figure 11: Macau, Merchandise exports (MOP Million)
Figure 12: Macau, Electricity Consumption (Million KWh)
Figure 13: Macau, Water Consumption (thousand m3)
Figure 14: Macau, Total Floor Area of Residential Building Permits, in m2
Figure 15: Macau, Residential Property Price Index (RPPI), 2011=100
Figure 16: Macau, Number and Value of Residential Real Estate Transactions, % Change YoY
Figure 17: Macau, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Macau, Risk Summary
Figure 19: Macau, Risk Regional Comparison

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