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Malaysia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

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    Report

  • 46 Pages
  • June 2024
  • Region: Malaysia
  • GlobalData
  • ID: 5767963
Description Jump to:

The Construction in Malaysia - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the Malaysian construction industry, including :

  • The Malaysian construction industry 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 the Malaysian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
The analyst expects the Malaysian construction industry to grow by 7.4% in real terms in 2024, supported by an increase in public and private investment in the country coupled with an ongoing works on the development of several infrastructure and energy projects. According to the Department of Statistics Malaysia (DOSM), construction industry value add grew by 11.9% year on year (YoY) in Q1 2024, preceded by Y-o-Y growth of 3.6% in Q4 2023. According to the Malaysian Investment Development Authority (MIDA), the government approved 5,101 investment projects totaling MYR329.5 billion ($75.1 billion) in 2023, which is 23% up from the number recorded in 2022. The construction industry’s growth in 2024 will also be supported by works funded by Malaysia’s largest ever government budget of MYR393.8 billion ($89.8 billion). Of the total, MYR97.6 billion ($22.2 billion) will be allocated to support tourism activities, while MYR58.7 billion ($13.4 billion) will be allocated to the Education Ministry, with MYR16.3 billion ($3.7 billion) to the Higher Education Ministry and MYR1.9 billion ($433.1 million) for school upgrades and maintenance; additionally MYR41.2 billion ($9.4 billion) will go towards the Health Ministry.

Malaysia’s construction industry is expected to register an annual average growth rate of 5.6% during 2025-28, supported by investment in large-scale transport, manufacturing facilities, and renewable energy projects. According to the National Energy Transition Roadmap (NETR), which was announced in August 2023, the government is aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019 to 31% by 2025. To attain this objective, as part of the government’s “Energy Transition Plan” unveiled in June 2021, UAE based renewables developer Masdar signed a memorandum of understanding (MoU) with the Malaysian Investment Development Authority (MIDA) in October 2023 to invest MYR35.1 billion ($8 billion) to generate 10GW of renewable energy projects by 2035 in Malaysia.

Scope

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

  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Malaysia, 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 the analyst'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 the analyst's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Malaysia, Key Economic Indicators
Table 3: Malaysia, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Malaysia, Top Commercial Construction Projects by Value
Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Malaysia, Top Industrial Construction Projects by Value
Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Malaysia, Top Infrastructure Construction Projects by Value
Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value
Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Malaysia, Top Institutional Construction Projects by Value
Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Malaysia, Top Residential Construction Projects by Value
Table 15: Malaysia, Key Contractors
Table 16: Malaysia, Key Consultants
Table 17: Malaysia, Construction Output Value (Real, $ Million)
Table 18: Malaysia, Construction Output Value (Nominal, MYR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: South-East Asia, Construction Output (Real % Change), 2022-28
Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Malaysia, Risk Summary
Figure 4: Malaysia, Risk Regional Comparison
Figure 5: Malaysia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Malaysia, Construction Value Add (2015 Constant Prices, MYR Million)
Figure 8: Malaysia, Loans Disbursed for the Construction Industry (MYR Million)
Figure 9: Malaysia, Value of Construction Work Done, % Change YoY
Figure 10: Malaysia, Construction Projects Momentum Index
Figure 11: South-East Asia, Construction Projects Momentum Index
Figure 12: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 13: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Malaysia, Wholesale and Retail Sales, % Change YoY
Figure 15: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels, % Change YoY
Figure 16: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 17: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Billion)
Figure 19: Malaysia, Industrial and Manufacturing Production Indices (2015=100)
Figure 20: Malaysia, Total exports (MYR Million)
Figure 21: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 22: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Malaysia, Value of Construction Work Done of Civil Engineering (MYR Million)
Figure 24: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)
Figure 29: Malaysia, Private Education Services Value Add (2015 Constant Prices, MYR Million)
Figure 30: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)
Figure 33: Malaysia, Value of Residential Construction Work Done (MYR Billion)
Figure 34: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)
Figure 35: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 36: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)

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