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Malaysia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published Jun 09, 2023
Length 47 Pages
SKU # GBDT18050926

Description

Malaysia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027


Summary

Malaysia's construction industry is expected to grow by 3.5% in real terms in 2023, following an annual growth of 5% in 2022. Rising foreign and domestic investment, the execution of large infrastructure projects, and the country’s economic stability have seen a steady increase in the industry's output since Q2 2022. According to the Department of Statistics Malaysia (DOSM), construction industry’s value add rose by 7.4% year on year (YoY) in Q1 2023, preceded by Y-o-Y growth of 10.1% in Q4 and 15.3% in Q3 2022. Previously, Petronas, a state-owned energy group, announced its plans in December 2022 to drill 96 new wells under the Development, Appraisal, and Exploration drilling programme, 21 producing wells for workover activities, and 28 wells for planned Plug and Abandon (P&A) activity in 2023. However, industry activity is expected to be impacted by the weakness of the residential construction sector, with soft investor and consumer confidence caused by higher inflation and mortgage rates expected to weigh on new investment.

The construction industry is expected to register an annual average growth rate of 6.2% between 2024 and 2027, driven by investment in large-scale transport and energy projects. Construction industry growth will be further supported by the government’s aim of establishing the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects under the 12th Malaysia (12MP) plan between 2021 and 2025. In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035. Furthermore, in January 2023, as part of the Masyarakat Madani policy, the local Government Development Ministry (KPKT) is focusing on the construction of 500,000 housing units by the end of 2025

The report provides detailed market analysis, information and insights into the Malaysia’s construction industry, including -
  • Malaysia’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 Malaysia’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 Malaysia. It provides -
  • Historical (2018-2022) and forecast (2023-2027) 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.

Table of Contents

47 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Malaysia, Key Economic Indicators
Table 3: Malaysia, Commercial Construction Output by Project Type (Real % Change), 2018-27
Table 4: Malaysia, Top Commercial Construction Projects by Value
Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: Malaysia, Top Industrial Construction Projects by Value
Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: Malaysia, Top Infrastructure Construction Projects by Value
Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value
Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: Malaysia, Top Institutional Construction Projects by Value
Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2018-27
Table 14: Malaysia, Top Residential Construction Projects by Value
Table 15: Malaysia, Key Contractors
Table 16: Malaysia, Key Consultants
Table 17: Malaysia, Construction Output Value (Real, $ Million)
Table 18: Malaysia, Construction Output Value (Nominal, MYR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Latin America, Construction Output (Real % Change), 2021-27
Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: Malaysia, Risk Summary
Figure 4: Malaysia, Risk Regional Comparison
Figure 5: Malaysia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: Malaysia, Construction Value Add (2015 Constant Prices, MYR Million)
Figure 8: Malaysia, Loans Disbursed for the Construction Industry, in MYR Million
Figure 9: Malaysia, Value of Construction Work Done, % Change YoY
Figure 10: Malaysia, GFCF in MYR Billion, 2015 constant prices
Figure 11: Malaysia, Construction Projects Momentum Index
Figure 12: South-East Asia, Construction Projects Momentum Index
Figure 13: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 14: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Malaysia, Wholesale and Retail Sales, % Change YoY
Figure 16: Malaysia, Tourist Arrivals, in Thousands
Figure 17: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels, % Change YoY
Figure 18: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 19: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Million)
Figure 21: Malaysia, Industrial and Manufacturing Production Indices (2015=100)
Figure 22: Malaysia, Extraction of Oil, Gas, Minerals, and Related Services Value Add (LCU Million, 2007 Constant Prices)
Figure 23: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 24: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Malaysia, value of construction work done civil engineering, in MYR million
Figure 26: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 27: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 29: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)
Figure 31: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)
Figure 32: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 33: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)
Figure 35: Malaysia, Value of Residential Construction Work Done (MYR Billion)
Figure 36: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)
Figure 37: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 38: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)

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