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Myanmar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)

Publisher GlobalData
Published Jun 28, 2024
SKU # GBDT19139285

Description

Myanmar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)

Summary

GlobalData’s Construction in Myanmar - Key Trends and Opportunities to 2028 (H1 2024) report 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.
The construction industry in Myanmar is expected to decline by 2.6% in real terms in 2024, owing to the ongoing civil war, frequent power outages, the depreciation of the Myanmar kyat, and labor shortages and high construction material costs, which have weakened investor and consumer confidence. However, an expected improvement in external demand and public and private investment in transport and renewable energy developments may provide some support to the industry’s output in the short term. According to the statistics of the Ministry of Commerce, in the financial year (FY) 2023-24 (running from April 2023 to March 2024), exports stood at MMK30 trillion ($14.3 billion). The government is planning to increase exports by 16.8% year on year (YoY) to MMY35.1 trillion ($16.7 billion) in the current FY2024-25.

Over the remainder of the forecast period, from 2025 to 2028, the construction industry is expected to register an annual average growth of 3.6%, supported by investment in renewable energy, infrastructure projects, and manufacturing activities. According to the pipeline of projects tracked by GlobalData, as of June 2024, Myanmar recorded a pipeline valued at MMK84.7 trillion ($40.3 billion). Some of the major projects currently under construction are the MMK8.7 trillion ($4.2 billion) India-Myanmar-Thailand Trilateral Highway project, which is expected to be completed by 2027, the MMK4.2 trillion ($2 billion) Lincang-Qingshuihe Railway Line project, which is expected to be completed by 2028, and the MMK2.1 trillion ($1 billion) Kalewa Coal-fired Power Plant project, which is expected to be completed by Q1 2028. The growth of the construction industry will also be supported by the government's National Electrification Plan, under which the government plans to achieve 100% nationwide electricity access by 2030, which is expected to drive increased investment in the energy and utilities sector in the coming years.

Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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.

Table of Contents

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
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
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: Myanmar, Key Economic Indicators
Table 3: Myanmar, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Myanmar, Top Commercial Construction Projects by Value
Table 5: Myanmar, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Myanmar, Top Industrial Construction Projects by Value
Table 7: Myanmar, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Myanmar, Top Infrastructure Construction Projects by Value
Table 9: Myanmar, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Myanmar, Top Energy and Utilities Construction Projects by Value
Table 11: Myanmar, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Myanmar, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 13: Myanmar, Top Residential Construction Projects by Value
Table 14: Myanmar, Key Contractors
Table 15: Myanmar, Key Consultants
Table 16: Myanmar, Construction Output Value (Real, $ Million)
Table 17: Myanmar, Construction Output Value (Nominal, MMK Billion)
Table 18: GlobalData Construction Market Definitions
Table 19: Risk Dimensions
Table 20: Ratings, Scores and Definitions
List of Figures
Figure 1: South and South-East Asia, Construction Output (Real % Change), 2022-28
Figure 2: Myanmar, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Myanmar, Risk Summary
Figure 4: Myanmar, Risk Regional Comparison
Figure 5: Myanmar, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Myanmar, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Myanmar, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 8: Myanmar, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 9: Myanmar, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 10: Myanmar, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 11: Myanmar, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 12: Myanmar, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: Myanmar, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Myanmar, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Myanmar, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 16: Myanmar, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 17: Myanmar, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Myanmar, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 19: Myanmar, Headquarters of Key Consultants (% of Total Project Pipeline)

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