Malaysia Construction Market Size By Sector (Commercial construction, Residential construction), By Construction Type (Additions, Demolition and re-construction, New constructions) And Forecast

Malaysia Construction Market Size And Forecast

Malaysia Construction Market size was valued at USD 17.2 Billion in 2020 and is projected to reach USD 25.81 Billion by 2028, growing at a CAGR of 5.3 % from 2021 to 2028.

Ongoing infrastructure development, growing residential and non-residential projects, and the government policy of Vision 2020 have pushed up demand for the Malaysia Construction Market. The Malaysia Construction Market has significantly contributed to Malaysia’s gross domestic product and socioeconomic growth. The Malaysia Construction Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Malaysia Construction Market Definition

Construction is the process of bringing together various components to make a building for a specific location using a comprehensive concept and plan. Construction activity involves manufacturing and trade concerned with the components for making building, maintenance, and restoration of structures. Drilling and strong mining discovery are examples of this. The construction industry in Malaysia is a vital and active field of the economy. Malaysia, as a developing country, has recognized the importance of the construction sector in both economic development and enhancing the quality of life and living standards of Malaysians. Almost any construction project can be narrowly classified into one of three types, Buildings and houses, Public works, and Industrial-type structures.

Malaysia Construction Market Overview

With the ongoing infrastructural projects, the construction industry in Malaysia has significantly increased over the past decade. Additionally, Growth in residential projects propels the private sector and local contractors to increase construction activity in Malaysia. The government’s Malaysia Vision 2020 initiated in 1990 to promote construction and related activities has increased demand for the Malaysian construction sector. These are a few factors that fuel the growth of the Construction Market in Malaysia.

It has grown significantly and plays a major role in the country’s overall economy, contributing to revenue production, capital accumulation, and job growth, all of which help to sustain Malaysia’s gross domestic product (GDP) and socio-economic growth. Financial aid is a key component in hampering the growth of the construction industry in Malaysia. Construction projects are capital-intensive which discourages private investors from investing. The construction industry faces several difficulties, mostly as a result of the government’s strategy of cutting spending on large infrastructure projects in order to limit the country’s debt.

The market for Malaysia Construction Market is expected to grow in the following years due to the rising increase in infrastructural facilities and green construction. Construction equipment would be in high demand as a result of several transportation, telecommunications, and energy projects. Green construction is prevailing as it conserves natural resources, generates less waste, and provides healthy environments to occupants as compared to the traditional method of constructing buildings.

Malaysia Construction MarketSegmentation Analysis

The Malaysia Construction Market is segmented on the basis of Sector and Construction Type.

Malaysia Construction Market, By Sector

• Commercial construction
• Residential construction
• Industrial construction
• Transportation construction
• Energy and utilities construction

Based on Sector, the market is segmented into Commercial construction, Residential construction, Industrial construction, Transportation construction, and Energy and utilities construction. Residential construction forms the largest segment due to the growing population creating a higher demand for dwellings. The government had announced infrastructural projects that boost up residential construction market.

Malaysia Construction Market, By Construction Type

• Additions
• Demolition and re-construction
• New constructions

Based on Construction Type, the market is segmented into Additions, Demolitions and re-construction, and New constructions.

Key Players

The “Malaysia Construction Market” study report will provide valuable insight with an emphasis on the market including some of the major players of the industry are UEM Group Berhad, YTL Corporation Berhad, IJM Corporation Berhad, Gamuda Berhad, Malaysian Resources Corporation Berhad (MRCB), WCT Holdings Berhad, WCE Holdings Berhad, Hock Seng Lee Berhad (HSL), Mudajaya Group Berhad, Muhibbah Engineering (M) Berhad.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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