Construction in Macau - Key Trends and Opportunities to 2017

  • ID: 2603572
  • Report
  • Region: Macau
  • 66 Pages
  • Timetric
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Macau's construction industry recorded poor performance during the review period, registering a CAGR of -14.29%, with very low investment in the industry due to the financial crisis and emphasis on developing the gaming industry. However, the construction industry is expected to regain momentum and expand at a steady pace over the forecast period, backed by investment in several large-scale infrastructure projects, a surge in tourism, robust demand for housing, and investment in healthcare infrastructure to cope with the rise in the aging population. The industry is expected t register a CAGR of 9.99% over the forecast period.

Synopsis

This report provides detailed market analysis, information and insights into the Macanese construction market, including:

- The Macanese construction market's growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within Macau
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Macanese construction market
- Assessment of the competitive forces facing the construction industry in Macau and profiles of the leading players
- Data highlights of the largest construction projects in Macau.

Scope

This report provides a comprehensive analysis of the Construction industry in Macau:

- Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Macau using the construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, 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
- Assessment of the competitive environment using Porter's Five Forces analysis
- Detailed profiles of the leading construction companies in Macau

Reasons To Buy

- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level via 600+ time series data forecasts
- Understand the latest industry and market trends
- Formulate & validate business strategies by leveraging our critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors

Key Highlights

- Macau's economy grew by 9.9% in annual terms in 2012, down from a very high growth of 21.8% in 2011. The slowdown was mainly due to a drastic fall in service exports growth, which moderated from 30.1% to 6.8%. Private consumption (contributing 1.9pps to GDP) growth also slowed from 11.0% in 2011 to 9.1% in 2012.

- Based on Timetric's current forecast, Macau's GDP is expected to grow by around 11.8% in 2013 and 13.2% in 2014, underpinned by robust investments and growth in service exports. The economy will expand at an average rate of around 17.1% in the longer term (2015–2017), supported by increased demand for exports from China, the US and Europe.

- The Macanese construction industry performed well in 2012, recording an increase of 15.7% over 2011. The gross buildings floor area which received approval grew by 11.7% year-on-year to reach 392,456m2. The number of buildings completed increased by 84.4% to reach 2,558 in 2012, of which 2,443 were residential units. The number of buildings purchased and sold in 2012 declined by 8.0% to reach 25,419 units, while the transaction value grew by 32.3% to reach MOP100.9 billion.

- To transform it into a leading global leisure and tourism destination and handle the rapid rise in visitor numbers, Macau is undertaking substantial infrastructure development projects, including the development of airports, maritime projects, railways and roads. The projects will result in rapid economic development across the Pearl River Delta region, and facilitate trade and traffic flow between Macau, Hong Kong and Mainland China.

- Macau's population is close to 600,000 and the country has a very low unemployment rate of just under 2%. The region is facing a shortage of labor in several business sectors, as most of the labor force is already employed due to robust economic expansion since 2003. Macau also imposes restrictions on foreign workers, which adds to the problem. The shortage of labor is expected to hinder the progress of construction in the region, unless the restrictions on foreign workers are eased.

- Macau's residential property market has attracted significant interest from foreign buyers, especially from neighboring countries, as the region is a leading global gaming destination. Regulations for foreign ownership are liberal, and returns from property investment are high.
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1 Executive Summary

2 Market Overview
2.1 The Domestic Economy
2.2 Key Trends and Issues
2.3 Benchmarking by Market Size and Growth
2.4 Price Dynamics
2.4.1 Salaries
2.4.2 Equipment
2.4.3 Materials
2.4.4 Energy
2.5 Porters Five Forces Analysis
2.5.1 Bargaining power of suppliers – high
2.5.2 Bargaining power of buyers – low
2.5.3 Barriers to entry – medium
2.5.4 Intensity of rivalry – medium
2.5.5 Threat of substitution – low
2.6 Demographic Profile

3 Commercial Construction
3.1 Performance Outlook
3.2 Key Drivers and Issues
3.3 Data and Projects Highlights

4 Industrial Construction
4.1 Performance Outlook
4.2 Key Drivers and Issues
4.3 Data and Projects Highlights

5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Drivers and Issues
5.3 Data and Projects Highlights

6 Institutional Construction
6.1 Performance Outlook
6.2 Key Drivers and Issues
6.3 Data and Projects Highlights

7 Residential Construction
7.1 Performance Outlook
7.2 Key Drivers and Issues
7.3 Data and Projects Highlights

8 Company Profile: Cannonway Construction Consultants (Macau) Co. Ltd
8.1 Cannonway Construction Consultants (Macau) Co. Ltd – Company Overview
8.2 Cannonway Construction Consultants (Macau) Co. Ltd – Main Services
8.3 Cannonway Construction Consultants (Macau) Co. Ltd – Company Information
8.3.1 Cannonway Construction Consultants (Macau) Co. Ltd – key competitors
8.3.2 Cannonway Construction Consultants (Macau) Co. Ltd – key employees

9 Company Profile: Top Builders Group Ltd
9.1 Top Builders Group Ltd – Company Overview
9.2 Top Builders Group Ltd – Main Services
9.3 Top Builders Group Ltd – Company Information
9.3.1 Top Builders Group Ltd – key competitors
9.3.2 Top Builders Group Ltd. – key employee

10 Company Profile: Min Da Construction & Engineering Company Limited
10.1 Min Da Construction & Engineering Company Limited – Company Overview
10.2 Min Da Construction & Engineering Company Limited – Main Services
10.3 Min Da Construction & Engineering Company Limited – Company Information
10.3.1 Min Da Construction & Engineering Company Limited – key competitors
10.3.2 Min Da Construction & Engineering Company Limited – key employee

11 Company Profile: Tong Lei Engineering & Construction Co. Ltd
11.1 Tong Lei Engineering & Construction Co. Ltd – Company Overview
11.2 Tong Lei Engineering & Construction Co. Ltd – Main Services
11.3 Tong Lei Engineering & Construction Co. Ltd – Company Information
11.3.1 Tong Lei Engineering & Construction Co. Ltd – key competitors
11.3.2 Tong Lei Engineering & Construction Co. Ltd – key employee

12 Company Profile: Unison Construction (Macau) Ltd
12.1 Unison Construction (Macau) Ltd – Company Overview
12.2 Unison Construction (Macau) Ltd – Main Services
12.3 Unison Construction (Macau) Ltd – Company Information
12.3.1 Unison Construction (Macau) Ltd – key competitors
12.3.2 Unison Construction (Macau) Ltd – key employee

13 Market Data Analysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutional Construction
13.5.1 Institutional construction output by project type
13.5.2 Institutional construction output by cost type
13.5.3 Institutional construction output by activity type
13.5.4 Institutional construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type

14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.7.1 Core capabilities include:
14.8 Disclaimer

List of Tables

Table 1: Project 1 – GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau
Table 2: Project 2 – Sands – The Parisian Casino Complex – Macau
Table 3: Project 3 – MFW – Macau Fisherman's Wharf Theme Park Redevelopment – Taipa
Table 4: Project 1 – HKSARG – Hong Kong-Zhuhai-Macao Bridge – Macau
Table 5: Project 2 – CAM – Macau International Airport Expansion – Macau
Table 6: Cannonway Construction Consultants (Macau) Co. Ltd, Key Facts
Table 7: Cannonway Construction Consultants (Macau) Co. Ltd, Main Services
Table 8: Cannonway Construction Consultants (Macau) Co. Ltd, Key Employees
Table 9: Top Builders Group Ltd, Key Facts
Table 10: Top Builders Group Ltd, Main Services
Table 11: Top Builders Group Ltd, Key Employee
Table 12: Min Da Construction & Engineering Company Limited, Key Facts
Table 13: Min Da Construction & Engineering Company Limited, Main Services
Table 14: Min Da Construction & Engineering Company Limited, Key Employee
Table 15: Tong Lei Engineering & Construction Co. Ltd, Key Facts
Table 16: Tong Lei Engineering & Construction Co. Ltd, Main Services
Table 17: Tong Lei Engineering & Construction Co. Ltd, Key Employee
Table 18: Unison Construction (Macau) Ltd, Key Facts
Table 19: Unison Construction (Macau) Ltd, Main Services
Table 20: Unison Construction (Macau) Ltd, Key Employee
Table 21: Macanese Construction Output by Project Type (MOP Million), 2008–2012
Table 22: Macanese Construction Output by Project Type (MOP Million), 2012–2017
Table 23: Macanese Construction Output by Cost Type (MOP Million), 2008–2012
Table 24: Macanese Construction Output by Cost Type (MOP Million), 2012–2017
Table 25: Macanese Construction Output by Activity Type (MOP Million), 2008–2012
Table 26: Macanese Construction Output by Activity Type (MOP Million), 2012–2017
Table 27: Macanese Construction Value Add by Project Type (MOP Million), 2008–2012
Table 28: Macanese Construction Value Add by Project Type (MOP Million), 2012–2017
Table 29: Macanese Commercial Construction Output by Project Type (MOP Million), 2008–2012
Table 30: Macanese Commercial Construction Output by Project Type (MOP Million), 2012–2017
Table 31: Macanese Commercial Construction Output by Cost Type (MOP Million), 2008–2012
Table 32: Macanese Commercial Construction Output by Cost Type (MOP Million), 2012–2017
Table 33: Macanese Commercial Construction Output by Activity Type (MOP Million), 2008–2012
Table 34: Macanese Commercial Construction Output by Activity Type (MOP Million), 2012–2017
Table 35: Macanese Commercial Construction Value Add by Project Type (MOP Million), 2008–2012
Table 36: Macanese Commercial Construction Value Add by Project Type (MOP Million), 2012–2017
Table 37: Macanese Industrial Construction Output by Project Type (MOP Million), 2008–2012
Table 38: Macanese Industrial Construction Output by Project Type (MOP Million), 2012–2017
Table 39: Macanese Industrial Construction Output by Cost Type (MOP Million), 2008–2012
Table 40: Macanese Industrial Construction Output by Cost Type (MOP Million), 2012–2017
Table 41: Macanese Industrial Construction Output by Activity Type (MOP Million), 2008–2012
Table 42: Macanese Industrial Construction Output by Activity Type (MOP Million), 2012–2017
Table 43: Macanese Industrial Construction Value Add by Project Type (MOP Million), 2008–2012
Table 44: Macanese Industrial Construction Value Add by Project Type (MOP Million), 2012–2017
Table 45: Macanese Infrastructure Construction Output by Project Type (MOP Million), 2008–2012
Table 46: Macanese Infrastructure Construction Output by Project Type (MOP Million), 2012–2017
Table 47: Macanese Infrastructure Construction Output by Cost Type (MOP Million), 2008–2012
Table 48: Macanese Infrastructure Construction Output by Cost Type (MOP Million), 2012–2017
Table 49: Macanese Infrastructure Construction Output by Activity Type (MOP Million), 2008–2012
Table 50: Macanese Infrastructure Construction Output by Activity Type (MOP Million), 2012–2017
Table 51: Macanese Infrastructure Construction Value Add by Project Type (MOP Million), 2008–2012
Table 52: Macanese Infrastructure Construction Value Add by Project Type (MOP Million), 2012–2017
Table 53: Macanese Institutional Construction Output by Project Type (MOP Million), 2008–2012
Table 54: Macanese Institutional Construction Output by Project Type (MOP Million), 2012–2017
Table 55: Macanese Institutional Construction Output by Cost Type (MOP Million), 2008–2012
Table 56: Macanese Institutional Construction Output by Cost Type (MOP Million), 2012–2017
Table 57: Macanese Institutional Construction Output by Activity Type (MOP Million), 2008–2012
Table 58: Macanese Institutional Construction Output by Activity Type (MOP Million), 2012–2017
Table 59: Macanese Institutional Construction Value Add by Project Type (MOP Million), 2008–2012
Table 60: Macanese Institutional Construction Value Add by Project Type (MOP Million), 2012–2017
Table 61: Macanese Residential Construction Output by Project Type (MOP Million), 2008–2012
Table 62: Macanese Residential Construction Output by Project Type (MOP Million), 2012–2017
Table 63: Macanese Residential Construction Output by Cost Type (MOP Million), 2008–2012
Table 64: Macanese Residential Construction Output by Cost Type (MOP Million), 2012–2017
Table 65: Macanese Residential Construction Output by Activity Type (MOP Million), 2008–2012
Table 66: Macanese Residential Construction Output by Activity Type (MOP Million), 2012–2017
Table 67: Macanese Residential Construction Value Add by Project Type (MOP Million), 2008–2012
Table 68: Macanese Residential Construction Value Add by Project Type (MOP Million), 2012–2017
Table 69: Timetric Construction Market Definitions

List of Figures

Figure 1: Growth Matrix for Construction Output in Macau
Figure 2: Macanese Economic Outlook, 2008–2017
Figure 3: Benchmarking against Other Major Construction Industries
Figure 4: Macanese Population (Million), 2008–2017
Figure 5: Macanese Commercial Construction Output (US$ Million), 2008–2017
Figure 6: Macanese Industrial Construction Output (US$ Million), 2008–2017
Figure 7: Macanese Infrastructure Construction Output (US$ Million)
Figure 8: Macanese Institutional Construction Output (US$ Million), 2008–2017
Figure 9: Macanese Residential Construction Output (US$ Million), 2008–2017
Figure 10: Macanese Construction Output by Project Type (MOP Million), 2008–2017
Figure 11: Macanese Construction Output by Cost Type (MOP Million), 2008–2017
Figure 12: Macanese Construction Output by Activity Type (MOP Million), 2008–2017
Figure 13: Macanese Construction Value Add by Project Type (MOP Million), 2008–2017
Figure 14: Macanese Commercial Construction Output by Project Type (MOP Million), 2008–2017
Figure 15: Macanese Commercial Construction Output by Cost Type (MOP Million), 2008–2017
Figure 16: Macanese Commercial Construction Output by Activity Type (MOP Million), 2008–2017
Figure 17: Macanese Commercial Construction Value Add by Project Type (MOP Million), 2008–2017
Figure 18: Macanese Industrial Construction Output by Project Type (MOP Million), 2008–2017
Figure 19: Macanese Industrial Construction Output by Cost Type (MOP Million), 2008–2017
Figure 20: Macanese Industrial Construction Output by Activity Type (MOP Million), 2008–2017
Figure 21: Macanese Industrial Construction Value Add by Project Type (MOP Million), 2008–2017
Figure 22: Macanese Infrastructure Construction Output by Project Type (MOP Million), 2008–2017
Figure 23: Macanese Infrastructure Construction Output by Cost Type (MOP Million), 2008–2017
Figure 24: Macanese Infrastructure Construction Output by Activity Type (MOP Million), 2008–2017
Figure 25: Macanese Infrastructure Construction Value Add by Project Type (MOP Million), 2008–2017
Figure 26: Macanese Institutional Construction Output by Project Type (MOP Million), 2008–2017
Figure 27: Macanese Institutional Construction Output by Cost Type (MOP Million), 2008–2017
Figure 28: Macanese Institutional Construction Output by Activity Type (MOP Million), 2008–2017
Figure 29: Macanese Institutional Construction Value Add by Project Type (MOP Million), 2008–2017
Figure 30: Macanese Residential Construction Output by Project Type (MOP Million), 2008–2017
Figure 31: Macanese Residential Construction Output by Cost Type (MOP Million), 2008–2017
Figure 32: Macanese Residential Construction Output by Activity Type (MOP Million), 2008–2017
Figure 33: Macanese Residential Construction Value Add by Project Type (MOP Million), 2008–2017
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- Cannonway Construction Consultants (Macau) Co. Ltd
- Top Builders Group Ltd
- Min Da Construction & Engineering Company Limited
- Tong Lei Engineering & Construction Co. Ltd
- Unison Construction (Macau) Ltd
Note: Product cover images may vary from those shown
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