Macau Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H1 2026)

Summary

The analyst expects Macau’s construction industry to contract by 5.4% in real terms, owing to rising inflationary pressures and increasing supply chain costs. Geopolitical tensions in the Middle East have further intensified these challenges. Following the conflict involving Iran, Asia, which accounts for 85% of Gulf crude shipments, experienced a sharp disruption in energy supplies, with the region’s oil imports plunging 30% year on year (YoY) in April 2026 to the lowest level since October 2015, after the near-closure of the Strait of Hormuz. This is resulting in an increase in energy, transportation, and material costs, which is expected to add pressure to construction project costs and margins. Reflecting these risks, in March 2026, Macau’s Secretary for Economy and Finance, Tai Kin Ip, warned that geopolitical conflicts and global instability are disrupting supply chains and slowing the global economic recovery.

Over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 4.7% in real terms between 2027 and 2030, supported by investments in industrial, transport infrastructure, and energy projects. In April 2026, the Macau government renewed its electricity supply agreement with CEM (Companhia de Electricidade de Macau) until 2040 to support the development of the city’s energy infrastructure and low-carbon initiatives. The agreement aims to improve power supply systems, reduce greenhouse gas emissions, and develop smart grid infrastructure. In addition, the government extended the contract for Macau’s Common Pipeline underground utility network in April 2026, supporting electricity, water, gas, telecommunications, and waste collection services until 2040.

The analyst’s Construction in Macau - Country Briefing (H1 2026) report provides detailed market analysis, information, and insights into Macau's construction industry, including:

Macau'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 Macau'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.

Scope

This report provides a comprehensive analysis of the construction industry in Macau. It provides:

Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Macau, 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 our 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 business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile

7 Appendix

7.1 Definitions
7.2 CRI Methodology

About the Analyst
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List of Tables

Table 1: Construction Industry Key Data
Table 2: Macau, Top Construction Projects by Value
Table 3: Macau Construction Output Value (Real, $ Million)
Table 4: Macau Construction Output Value (Nominal, MOP Million)
Table 5: GlobalData Construction Market Definitions
Table 6: GlobalData Construction Market Definitions
Table 7: Ratings, Scores and Definitions

List of Figures

Figure 1: Macau, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 2: Macau, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 3: North-East Asia, Construction Output (Real % Change), 2024-30
Figure 4: Macau, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 5: Macau, Gross Fixed Capital Formation (Chained 2024 Prices, % Change YoY)
Figure 6: Macau, Domestic Loans to the Private Sector for Construction and Public Works (MOP Million)
Figure 7: Macau, Number of People Employed in the Construction Industry
Figure 8: Macau, Total Floor Area of Residential Building Permits, in m2
Figure 9: Macau, Residential Property Price Index (RPPI), 2011=100
Figure 10: Macau, Number and Value of Residential Real Estate Transactions, % Change YoY
Figure 11: Macau, Total Number of Inbound Tourist Arrivals and Overall Visitor Arrivals, in Thousands
Figure 12: Macau, Value and Volume Indices of Retail Sales, 04/2015 - 03/2016 = 100
Figure 13: Macau, Merchandise exports (MOP Million)
Figure 14: Macau, Electricity Consumption (Million KWh)
Figure 15: Macau, Water Consumption (thousand m3)
Figure 16: Macau, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Macau, Risk Summary
Figure 18: Macau, Risk Regional Comparison

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