Malaysia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Description
Malaysia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Summary
The construction industry in Malaysia is expected to grow in real terms by 8.3% in 2025, supported by private investments in industrial and data center projects, coupled with the government’s investment in transport infrastructure projects. Furthermore, the Malaysian Investment Development Authority’s (MIDA) approved 3,011 projects valued at MYR190.3 billion ($42.9 billion) from January-June 2025, reflecting an 18.7% rise compared to the same period of 2024, supporting construction industry’s output during 2025. Of the total approved projects, the country attracted MYR68.4 billion ($15.4 billion) worth investments in the manufacturing sector with 518 projects. Furthermore, the government has designated MYR550 million ($123.9 million) in its 2025 Budget to enhance the tourism sector and improve infrastructure, supporting the government’s aim to attract 31.3 million international tourists and generate MYR125.5 billion ($28.3 billion) in tourism revenue by 2025, compared to 25 million arrivals and MYR102.3 billion ($23.1 billion) revenue in 2024.
The construction industry is expected to record an annual average growth of 4% between 2026 and 2029, supported by investments in industrial, transport and energy sector, coupled with investments under the government’s initiative such as New Industrial Master Plan 2030 (NIMP 2030), National Energy Transition Roadmap (NETR), the National Semiconductor Strategy (NSS) and the 13th Malaysia Plan (13MP). Under the NIMP 2030, the government aims to increase the manufacturing sector’s GDP from the 2022’s baseline of MYR364.9 billion ($82.2 billion) to MYR587.5 billion ($132.4 billion) by 2030 and is planning to upgrade 3,000 factories into smart factories by 2030 with an estimated investment of MYR5 billion ($1.1 billion).
GlobalData’s Construction in Malaysia - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Malaysian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Malaysia. It provides -
Summary
The construction industry in Malaysia is expected to grow in real terms by 8.3% in 2025, supported by private investments in industrial and data center projects, coupled with the government’s investment in transport infrastructure projects. Furthermore, the Malaysian Investment Development Authority’s (MIDA) approved 3,011 projects valued at MYR190.3 billion ($42.9 billion) from January-June 2025, reflecting an 18.7% rise compared to the same period of 2024, supporting construction industry’s output during 2025. Of the total approved projects, the country attracted MYR68.4 billion ($15.4 billion) worth investments in the manufacturing sector with 518 projects. Furthermore, the government has designated MYR550 million ($123.9 million) in its 2025 Budget to enhance the tourism sector and improve infrastructure, supporting the government’s aim to attract 31.3 million international tourists and generate MYR125.5 billion ($28.3 billion) in tourism revenue by 2025, compared to 25 million arrivals and MYR102.3 billion ($23.1 billion) revenue in 2024.
The construction industry is expected to record an annual average growth of 4% between 2026 and 2029, supported by investments in industrial, transport and energy sector, coupled with investments under the government’s initiative such as New Industrial Master Plan 2030 (NIMP 2030), National Energy Transition Roadmap (NETR), the National Semiconductor Strategy (NSS) and the 13th Malaysia Plan (13MP). Under the NIMP 2030, the government aims to increase the manufacturing sector’s GDP from the 2022’s baseline of MYR364.9 billion ($82.2 billion) to MYR587.5 billion ($132.4 billion) by 2030 and is planning to upgrade 3,000 factories into smart factories by 2030 with an estimated investment of MYR5 billion ($1.1 billion).
GlobalData’s Construction in Malaysia - Key Trends and Opportunities to 2029 (Q3 2025) 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.
This report provides a comprehensive analysis of the construction industry in Malaysia. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- 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
50 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
- 8 About GlobalData
- 9 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), 2020–29
- Table 4: Malaysia, Top Commercial Construction Projects by Value
- Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Malaysia, Top Industrial Construction Projects by Value
- Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Malaysia, Top Infrastructure Construction Projects by Value
- Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value
- Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Malaysia, Top Institutional Construction Projects by Value
- Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2020-29
- 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: South-East Asia, Construction Output (Real % Change), 2023–29
- Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Malaysia, Risk Summary
- Figure 4: Malaysia, Risk Regional Comparison
- Figure 5: Malaysia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Malaysia, Construction Output Value (Current Prices, MYR Million)
- Figure 8: Malaysia, Construction Value-Add (2015 Constant Prices, MYR Million)
- Figure 9: Malaysia, Construction Value-Add across various sector (2015 Constant Prices, MYR Million)
- Figure 10: Malaysia, Loans Disbursed for the Construction Industry (MYR Million)
- Figure 11: Malaysia, Value of Construction Work Done, % Change YoY
- Figure 12: Malaysia, Producer Price Index (2010=100)
- Figure 13: Malaysia, Construction Projects Momentum Index
- Figure 14: South-East Asia, Construction Projects Momentum Index
- Figure 15: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 16: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Malaysia, Wholesale and Retail Sales, % Change YoY
- Figure 18: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels (MYR Billion)
- Figure 19: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 20: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Malaysia, Manufacturing Value-Add (2015 Constant Prices, MYR Billion)
- Figure 22: Malaysia, Industrial and Manufacturing Production Indices (2015=100)
- Figure 23: Malaysia, Total exports (MYR Million)
- Figure 24: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 25: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Malaysia, Value of Construction Work Done of Civil Engineering (MYR Million)
- Figure 27: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 28: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Malaysia, Private Health Services Value-Add (2015 Constant Prices, MYR Million)
- Figure 32: Malaysia, Private Education Services Value-Add (2015 Constant Prices, MYR Million)
- Figure 33: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Malaysia, Real Estate Value-Add (2015 Constant Prices, MYR Million)
- Figure 36: Malaysia, Value of Residential Construction Work Done (MYR Billion)
- Figure 37: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)
- Figure 38: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 39: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)
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