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Construction in Myanmar – Key Trends and Opportunities to 2021

Construction in Myanmar – Key Trends and Opportunities to 2021

Synopsis

In real terms, Myanmar’s construction industry registered positive growth during the review period (2012–2016). Despite a slowdown in growth during 2015–2016 due to political instability, the industry was supported by public sector investments in infrastructure and residential construction projects.

Over the forecast period (2017–2021), industry growth is expected to slow due to the prevalence of regulatory issues following the government’s transition from military rule to democracy in November 2015.

Construction industry activity is expected to be supported by government efforts to stimulate economic growth through large scale investments in infrastructure. Implementation of government flagship programs such as the National Export Strategy (NES) and the Myanmar Energy Master Plan are also expected to support the industry’s growth over the forecast period.

The industry’s output value in real terms is expected to record a compound annual growth rate (CAGR) of 4.56% over the forecast period, compared to 10.33% during the review period.

Summary

Timetric’s Construction in Myanmar – Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into Myanmar construction industry including:

  • Myanmar construction industry's growth prospects by market, project type and construction activity
  • Analysis of equipment, material and service costs for each project type in Myanmar
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Myanmar construction industry
  • Profiles of the leading operators in the Myanmar construction industry
Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Myanmar using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Myanmar
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • In 2016, Myanmar experienced a drastic shift in its political scene, with a new democratic government coming into power after years of military rule. With an aim to support the government in establishing a regulatory framework to revamp economic growth, in March 2017 the ADB approved a new Country Partnership Strategy 2017–2021. This strategy aims to establish efficient connectivity among the rural and urban areas, and also address the rising demand for energy in the country. This is expected to drive investments in transport and energy infrastructure projects over the forecast period.
  • In a bid to address the growing passenger volumes in the country’s airports, in February 2016 the Department of Civil Aviation signed a framework agreement with a consortium consisting of JGC Corporation, Changi Airports International and Yongnam Holdings Ltd to develop Hanthawaddy International Airport near the Bago region. With an estimated investment of MMK1.8 trillion (US$1.5 billion), the new airport and its related infrastructure will be constructed on a 3,642.0ha area.
  • In 2014, the government, in partnership with the World Bank, launched the National Electrification Plan. This plan aims to provide an electricity connection to every household in the country by 2030. By 2020, the government plans to create 1.7 million new household electricity connections with investments worth MMK1.0 trillion (US$700.0 million).
  • In January 2016, the government announced plans to develop a deepwater port in the Kyaukpyu special economic zone. The project involves a total investment of MMK6.6 trillion (US$5.4 billion) and includes the construction of two terminals and ten 4.1km-long berths.
  • With an aim to accelerate the flow of foreign direct investment (FDI), the government introduced a new investment law in March 2017. With effect from April 2017, the government eased restrictions on both domestic and foreign investments, thereby opening economic sectors to private investment. This is also expected to drive more FDI into construction projects in the coming years.


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Myanmar Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Construction Output by Project Type (MMK Million), 2016-2021
      • Construction output by cost type
        • Table Myanmar Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Construction Output by Cost Type (MMK Million), 2016-2021
      • Construction output by activity type
        • Table Myanmar Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Construction Output by Activity Type (MMK Million), 2016-2021
      • Construction value add by project type
        • Table Myanmar Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Construction Value Add by Project Type (MMK Million), 2016-2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Myanmar Commercial Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Commercial Construction Output by Project Type (MMK Million), 2016-2021
      • Commercial construction output by cost type
        • Table Myanmar Commercial Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Commercial Construction Output by Cost Type (MMK Million), 2016-2021
      • Commercial construction output by activity type
        • Table Myanmar Commercial Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Commercial Construction Output by Activity Type (MMK Million), 2016-2021
      • Commercial construction value add by project type
        • Table Myanmar Commercial Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Commercial Construction Value Add by Project Type (MMK Million), 2016-2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Myanmar Industrial Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Industrial Construction Output by Project Type (MMK Million), 2016-2021
      • Industrial construction output by cost type
        • Table Myanmar Industrial Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Industrial Construction Output by Cost Type (MMK Million), 2016-2021
      • Industrial construction output by activity type
        • Table Myanmar Industrial Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Industrial Construction Output by Activity Type (MMK Million), 2016-2021
      • Industrial construction value add by project type
        • Table Myanmar Industrial Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Industrial Construction Value Add by Project Type (MMK Million), 2016-2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Myanmar Infrastructure Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Infrastructure Construction Output by Project Type (MMK Million), 2016-2021
      • Infrastructure construction output by cost type
        • Table Myanmar Infrastructure Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Infrastructure Construction Output by Cost Type (MMK Million), 2016-2021
      • Infrastructure construction output by activity type
        • Table Myanmar Infrastructure Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Infrastructure Construction Output by Activity Type (MMK Million), 2016-2021
      • Infrastructure construction value add by project type
        • Table Myanmar Infrastructure Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Infrastructure Construction Value Add by Project Type (MMK Million), 2016-2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Myanmar Energy and Utilities Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Energy and Utilities Construction Output by Project Type (MMK Million), 2016-2021
      • Energy and utilities construction output by cost type
        • Table Myanmar Energy and Utilities Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Energy and Utilities Construction Output by Cost Type (MMK Million), 2016-2021
      • Energy and utilities construction output by activity type
        • Table Myanmar Energy and Utilities Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Energy and Utilities Construction Output by Activity Type (MMK Million), 2016-2021
      • Energy and utilities construction value add by project type
        • Table Myanmar Energy and Utilities Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Energy and Utilities Construction Value Add by Project Type (MMK Million), 2016-2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Myanmar Institutional Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Institutional Construction Output by Project Type (MMK Million), 2016-2021
      • Institutional construction output by cost type
        • Table Myanmar Institutional Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Institutional Construction Output by Cost Type (MMK Million), 2016-2021
      • Institutional construction output by activity type
        • Table Myanmar Institutional Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Institutional Construction Output by Activity Type (MMK Million), 2016-2021
      • Institutional construction value add by project type
        • Table Myanmar Institutional Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Institutional Construction Value Add by Project Type (MMK Million), 2016-2021
    • Residential Construction
      • Residential construction output by project type
        • Table Myanmar Residential Construction Output by Project Type (MMK Million), 2012-2016
        • Table Myanmar Residential Construction Output by Project Type (MMK Million), 2016-2021
      • Residential construction output by cost type
        • Table Myanmar Residential Construction Output by Cost Type (MMK Million), 2012-2016
        • Table Myanmar Residential Construction Output by Cost Type (MMK Million), 2016-2021
      • Residential construction output by activity type
        • Table Myanmar Residential Construction Output by Activity Type (MMK Million), 2012-2016
        • Table Myanmar Residential Construction Output by Activity Type (MMK Million), 2016-2021
      • Residential construction value add by project type
        • Table Myanmar Residential Construction Value Add by Project Type (MMK Million), 2012-2016
        • Table Myanmar Residential Construction Value Add by Project Type (MMK Million), 2016-2021
  • Company Profile: Htoo Construction Development Group Co. Ltd
    • Htoo Construction Development Group Co. Ltd - Company Overview
      • Table Htoo Construction Development Group Co. Ltd, Key Facts
    • Htoo Construction Development Group Co. Ltd - Main Services
      • Table Htoo Construction Development Group Co. Ltd, Main Services
    • Htoo Construction Development Group Co. Ltd - History
      • Table Htoo Construction Development Group Co. Ltd, History
    • Htoo Construction Development Group Co. Ltd - Company Information
      • Htoo Construction Development Group Co. Ltd - key competitors
      • Htoo Construction Development Group Co. Ltd - key employee
        • Table Htoo Construction Development Group Co. Ltd, Key Employee
  • Company Profile: Shwe Taung Development Co. Ltd
    • Shwe Taung Development Co. Ltd - Company Overview
      • Table Shwe Taung Development Co. Ltd, Key Facts
    • Shwe Taung Development Co. Ltd - Main Products and Services
      • Table Shwe Taung Development Co. Ltd, Main Products and Services
    • Shwe Taung Development Co. Ltd - History
      • Table Shwe Taung Development Co. Ltd, History
    • Shwe Taung Development Co. Ltd - Company Information
      • Shwe Taung Development Co. Ltd - key competitors
      • Shwe Taung Development Co. Ltd - key employees
        • Table Shwe Taung Development Co. Ltd, Key Employees
  • Company Profile: Barons Machinery & Engineering Construction Co. Ltd
    • Barons Machinery & Engineering Construction Co. Ltd - Company Overview
      • Table Barons Machinery & Engineering Construction Co. Ltd, Key Facts
    • Barons Machinery & Engineering Construction Co. Ltd - Main Services
      • Table Barons Machinery & Engineering Construction Co. Ltd, Main Services
    • Barons Machinery & Engineering Construction Co. Ltd - History
      • Table Barons Machinery & Engineering Construction Co. Ltd, History
    • Barons Machinery & Engineering Construction Co. Ltd - Company
      • Barons Machinery & Engineering Construction Co. Ltd - key competitors
      • Barons Machinery & Engineering Construction Co. Ltd - key employee
        • Table Barons Machinery & Engineering Construction Co. Ltd, Key Employee
  • Company Profile: Ah Yone Oo (Dawn) Construction Co. Ltd
    • Ah Yone Oo (Dawn) Construction Co. Ltd - Company Overview
      • Table Ah Yone Oo (Dawn) Construction Co. Ltd, Key Facts
    • Ah Yone Oo (Dawn) Construction Co. Ltd - Main Products and Services
      • Table Ah Yone Oo (Dawn) Construction Co. Ltd, Main Products and Services
    • Ah Yone Oo (Dawn) Construction Co. Ltd - History
      • Table Ah Yone Oo (Dawn) Construction Co. Ltd, History
    • Ah Yone Oo (Dawn) Construction Co. Ltd - Company Information
      • Ah Yone Oo (Dawn) Construction Co. Ltd - key competitors
      • Ah Yone Oo (Dawn) Construction Co. Ltd - key employees
        • Table Ah Yone Oo (Dawn) Construction Co. Ltd, Key Employees
  • Company Profile: Yadanar Myaing Construction Co. Ltd
    • Yadanar Myaing Construction Co. Ltd - Company Overview
      • Table Yadanar Myaing Construction Co. Ltd, Key Facts
    • Yadanar Myaing Construction Co. Ltd - Main Services
      • Table Yadanar Myaing Construction Co. Ltd, Main Services
    • Yadanar Myaing Construction Co. Ltd - History
      • Table Yadanar Myaing Construction Co. Ltd, History
    • Yadanar Myaing Construction Co. Ltd - Company Information
      • Yadanar Myaing Construction Co. Ltd - key competitors
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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