Piling and Foundation Market in Malaysia 2015-2019
About Piling and Foundation
Piling and foundation services form an important part of any construction activity and constitute about 10 percent of the overall construction spending. The project span ranges from 6 months to 1.5 years depending upon the size of the contract awarded. Foundations support structures and transfer their load to layers of soil or rock with sufficient settlement characteristics. The factors determining the foundation types to be used in any structure are as follows:
TechNavio Announces the Publication of its Research Report – Piling and Foundation Market in Malaysia 2015-2019
TechNavio recognizes the following companies as the key players in the Piling and Foundation Market in Malaysia: Aneka Jaringan Sdn Bhd, Econpile Holdings Bhd, Geohan Sdn Bhd, Geopancar Sdn Bhd, Pintaras Jaya Bhd and Sunway Bhd.
Other Prominent Vendors in the market are: BAUER (BAUER Malaysia), BUMI Group, Chuan Luck Piling, CSC Holdings, ESC Group, Keller Group (Keller Asia) and PSL Holdings.
Commenting on the report, an analyst from TechNavio’s team said: “Increase in public-private partnership projects is one of the key trends upcoming in the market. To optimize the output of the industry, the government is investing in public-private partnership projects. These projects ease the norms of transferring land and other regulatory processes involved, allowing the acceleration of infrastructure projects in the Railways, Civil Aviation, and Ports sectors, which are required to boost economic growth.”
According to the report, rapid urbanization is one of the key drivers propelling the growth of the market in Malaysia. Rapid urbanization has led to a rise in the construction of megastructures and high-quality infrastructures. It has also created an upsurge in the Residential sector, and has elevated the demand for high-quality infrastructure such as affordable and luxury housing.
Further, the report states that lack of a skilled labor force is affecting the market considerably. Vendors are dependent on foreign workers for piling and foundation work. Lack of proper finances coupled with slow payment procedures hinders the training and skill development activities of workers.
Aneka Jaringan, Econpile, Geohan, Geopancar, Pintaras Jaya, Sunway , BAUER AG (BAUER Malaysia), BUMI Group, Chuan Luck Piling, CSC Holding, ESC Group, Keller Group(Keller Asia), PSL Holdings
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook