Construction Market in Malaysia 2015-2019
About Construction Market in Malaysia
The construction market in Malaysia is booming as the government is trying to bring it on par with the other emerging and developed countries in terms of infrastructure. Heavy investments are being made in the construction industry. The government has launched an ETP, which is focusing on improving the overall scenario of the entire Malaysian economy.
Technavio's analysts forecast the construction market in Malaysia to grow at a CAGR of 8.92% during 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the construction market in Malaysia for 2015-2019. To calculate the market size, the report considers the revenue of the construction market as a part of the GDP. The performance of the market is forecast with the help of the predicted CAGR after analysis of the present condition.
Technavio's report, Construction Market in Malaysia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. It also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Construction Market in Malaysia 2015-2019
Technavio recognizes the following companies as the key players in the Construction Market in Malaysia: Eversendai, Gamuda Berhad and WCT
Other Prominent Vendors in the market are: Benalec Holdings Berhad, IJM Corporation Berhad, Malaysian Resources Corporation Berhad and Mudajaya Group Berhad
Commenting on the report, an analyst from Technavio’s team said: “With the development of infrastructure in Malaysia, demand for energy is set to increase. The increasing demand for energy will lead to reduction of resource reserves and increase in greenhouse gas emissions. In order to control the reduction of energy sources and increasing emissions, the government of Malaysia is promoting green building and sustainable development practices in the country. The government has formulated environmental guidelines for building construction, which are to be followed by the developers and contractors. The Malaysia Green Building Confederation (MGBC) is the governing body for sustainable development in the country. Malaysia follows its indigenous green building rating system called the Green Building Index (GBI).”
According to the report, Economic Transformation Programme (ETP) was an initiative started by the government of Malaysia in 2010. It focuses on improving the national scenario of the country by developing the infrastructure sector. The ETP has identified 12 NKEAs out of which the oil, gas, and energy, and infrastructure sectors hold a major share. The program has identified these sectors on the basis of their contribution to the national economy and thus, is focusing on improving them. Being an emerging market, development in the infrastructure sector has a direct impact on national growth. The program has attracted huge investments from national and international investors in the construction sector.Further, the report states that abandonment of construction projects, especially in the housing sector, is one of the main issues in the construction market in Malaysia.
Eversendai, Gamuda Berhad, WCT, Benalec Holdings Berhad, IJM Corporation Berhad, Malaysian Resources Corporation Berhad, Mudajaya Group Berhad
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook